Asia: Market for Copper Bars, Wire And Plates 2024

Market Size for Copper Bars, Wire And Plates in Asia

The Asian market for copper bars, wire and plates reached $X in 2021, therefore, remained relatively stable against the previous year. Over the period under review, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market attained the maximum level in 2021 and is likely to continue growth in the immediate term.

Production of Copper Bars, Wire And Plates in Asia

In value terms, copper bars, wire and plates production stood at $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.7% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 21% against the previous year. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Exports of Copper Bars, Wire And Plates

Exports in Asia

After two years of decline, shipments abroad of copper bars, wire and plates increased by 16% to X tons in 2021. The total export volume increased at an average annual rate of +3.6% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. Over the period under review, the exports attained the peak figure at X tons in 2018; afterwards, it flattened through to 2021.

In value terms, copper bars, wire and plates exports surged to $X in 2021. Total exports indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +4.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United Arab Emirates (X tons), South Korea (X tons), Japan (X tons), China (X tons), Thailand (X tons), Malaysia (X tons), Turkey (X tons), Taiwan (Chinese) (X tons) and Indonesia (X tons) represented roughly 88% of total exports in 2021.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Thailand (with a CAGR of +15.8%), while the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Japan ($X) and South Korea ($X) were the countries with the highest levels of exports in 2021, with a combined 43% share of total exports. These countries were followed by China, Thailand, Turkey, Malaysia, Taiwan (Chinese) and Indonesia, which together accounted for a further 45%.

Thailand, with a CAGR of +16.2%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Asia stood at $X per ton in 2021, picking up by 36% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.3%. 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 Japan ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+2.2%), while the other leaders experienced more modest paces of growth.

Imports of Copper Bars, Wire And Plates

Imports in Asia

In 2021, supplies from abroad of copper bars, wire and plates was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports saw a relatively flat trend pattern. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, copper bars, wire and plates imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +1.5% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons), distantly followed by India (X tons), Thailand (X tons), Vietnam (X tons), Saudi Arabia (X tons), Turkey (X tons), the Philippines (X tons) and Malaysia (X tons) were the largest importers of copper bars, wire and plates, together creating 67% of total imports. Taiwan (Chinese) (X tons), Singapore (X tons), Japan (X tons), Indonesia (X tons) and Hong Kong SAR (X tons) followed a long way behind the leaders.

Imports into China decreased at an average annual rate of -1.7% from 2012 to 2021. At the same time, Vietnam (+14.7%), the Philippines (+7.4%), Japan (+6.4%), Taiwan (Chinese) (+5.4%), India (+3.7%), Thailand (+2.6%) and Turkey (+2.5%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in Asia, with a CAGR of +14.7% from 2012-2021. Indonesia experienced a relatively flat trend pattern. By contrast, Singapore (-1.1%), Malaysia (-4.4%), Saudi Arabia (-4.9%) and Hong Kong SAR (-7.6%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Vietnam, the Philippines, India, Thailand and Taiwan (Chinese) increased by +5.5, +2.5, +2.3, +1.5 and +1.5 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported copper bars, wire and plates in Asia, comprising 20% of total imports. The second position in the ranking was taken by Thailand ($X), with an 8.7% share of total imports. It was followed by India, with an 8.6% share.

In China, copper bars, wire and plates imports remained relatively stable over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Thailand (+4.2% per year) and India (+4.6% per year).

Import Prices by Country

In 2021, the import price in Asia amounted to $X per ton, surging by 35% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.3%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Hong Kong SAR ($X per ton) and Taiwan (Chinese) ($X per ton), while the Philippines ($X per ton) and Indonesia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+3.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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