Asia: Copper Chain Market 2025

Copper Chain Market Size in Asia

For the fourth consecutive year, the Asian copper chain market recorded growth in sales value, which increased by 5.9% to $X in 2022. The market value increased at an average annual rate of +3.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Copper Chain Production in Asia

In value terms, copper chain production totaled $X in 2022 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the production volume increased by 7.5% against the previous year. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Copper Chain Exports

Exports in Asia

In 2022, copper chain exports in Asia shrank significantly to X tons, with a decrease of -57.6% against the previous year's figure. Over the period under review, exports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2018 with an increase of 47%. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, copper chain exports dropped dramatically to $X in 2022. Overall, exports saw a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of 31% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Singapore (X tons) represented the key exporter of chain and parts thereof of copper, generating 37% of total exports. Vietnam (X tons) ranks second in terms of the total exports with a 16% share, followed by South Korea (15%), India (11%), Taiwan (Chinese) (7.3%) and Hong Kong SAR (5.7%). Malaysia (X tons) followed a long way behind the leaders.

Singapore experienced a relatively flat trend pattern with regard to volume of exports of chain and parts thereof of copper. At the same time, Vietnam (+22.3%) and Taiwan (Chinese) (+5.6%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in Asia, with a CAGR of +22.3% from 2012-2022. By contrast, South Korea (-18.5%), Hong Kong SAR (-19.8%), India (-24.0%) and Malaysia (-26.5%) illustrated a downward trend over the same period. While the share of Singapore (+31 p.p.), Vietnam (+16 p.p.) and Taiwan (Chinese) (+6.5 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Hong Kong SAR (-3.5 p.p.), South Korea (-5.3 p.p.), Malaysia (-9.1 p.p.) and India (-18.6 p.p.) displayed negative dynamics.

In value terms, the largest copper chain supplying countries in Asia were South Korea ($X), India ($X) and Vietnam ($X), with a combined 31% share of total exports.

In terms of the main exporting countries, Vietnam, with a CAGR of +29.5%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in Asia amounted to $X per ton, picking up by 95% against the previous year. In general, the export price enjoyed a strong expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+12.2%), while the other leaders experienced more modest paces of growth.

Copper Chain Imports

Imports in Asia

In 2022, the amount of chain and parts thereof of copper imported in Asia declined to X tons, waning by -10.3% against 2021. In general, imports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2015 with an increase of 123%. As a result, imports reached the peak of X tons. From 2016 to 2022, the growth of imports remained at a lower figure.

In value terms, copper chain imports shrank significantly to $X in 2022. Overall, imports continue to indicate a perceptible slump. The most prominent rate of growth was recorded in 2014 with an increase of 34% against the previous year. The level of import peaked at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Japan (X tons), distantly followed by Indonesia (X tons), Saudi Arabia (X tons), Malaysia (X tons) and India (X tons) represented the major importers of chain and parts thereof of copper, together committing 86% of total imports. The following importers - Turkey (X tons) and Taiwan (Chinese) (X tons) - each reached a 3.6% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Saudi Arabia (with a CAGR of +24.8%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, Japan ($X) constitutes the largest market for imported chain and parts thereof of copper in Asia, comprising 53% of total imports. The second position in the ranking was taken by Indonesia ($X), with a 12% share of total imports. It was followed by Saudi Arabia, with a 7.3% share.

From 2012 to 2022, the average annual growth rate of value in Japan stood at +16.0%. In the other countries, the average annual rates were as follows: Indonesia (+8.1% per year) and Saudi Arabia (+19.4% per year).

Import Prices by Country

The import price in Asia stood at $X per ton in 2022, which is down by -9.5% against the previous year. Import price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, copper chain import price increased by +78.5% against 2015 indices. The most prominent rate of growth was recorded in 2016 when the import price increased by 65% against the previous year. The level of import peaked at $X per ton in 2021, and then reduced in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+9.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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