Asia-Pacific: Market for Copper Bars, Wire And Plates 2024

Market Size for Copper Bars, Wire And Plates in Asia-Pacific

The Asia-Pacific market for copper bars, wire and plates declined to $X in 2021, shrinking by -2.8% against the previous year. In general, consumption, however, continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2020, and then dropped slightly in the following year.

Production of Copper Bars, Wire And Plates in Asia-Pacific

In value terms, copper bars, wire and plates production dropped modestly to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the production volume increased by 13%. The level of production peaked at $X in 2020, and then reduced in the following year.

Exports of Copper Bars, Wire And Plates

Exports in Asia-Pacific

In 2021, overseas shipments of copper bars, wire and plates were finally on the rise to reach X tons after three years of decline. The total export volume increased at an average annual rate of +2.2% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. Over the period under review, the exports attained the maximum at X tons in 2017; afterwards, it flattened through to 2021.

In value terms, copper bars, wire and plates exports soared to $X in 2021. Total exports indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +3.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The shipments of the five major exporters of copper bars, wire and plates, namely South Korea, Japan, China, Thailand and Malaysia, represented more than two-thirds of total export. Taiwan (Chinese) (X tons) ranks next in terms of the total exports with a 7.6% share, followed by Indonesia (7.3%).

From 2012 to 2021, the biggest increases were recorded for Thailand (with a CAGR of +15.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest copper bars, wire and plates supplying countries in Asia-Pacific were Japan ($X), South Korea ($X) and China ($X), with a combined 52% share of total exports. Thailand, Malaysia, Taiwan (Chinese) and Indonesia lagged somewhat behind, together comprising a further 36%.

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-Pacific stood at $X per ton in 2021, with an increase of 33% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.1%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, 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 Taiwan (Chinese) (+2.1%), while the other leaders experienced more modest paces of growth.

Imports of Copper Bars, Wire And Plates

Imports in Asia-Pacific

After two years of decline, supplies from abroad of copper bars, wire and plates increased by 18% to X tons in 2021. The total import volume increased at an average annual rate of +1.3% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. Over the period under review, imports attained the peak figure at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, copper bars, wire and plates imports surged to $X in 2021. The total import value increased at an average annual rate of +2.6% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. 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), the Philippines (X tons), Malaysia (X tons), Taiwan (Chinese) (X tons) and Singapore (X tons) represented the largest importers of copper bars, wire and plates, together committing 78% of total imports. The following importers - Japan (X tons), Australia (X tons), Indonesia (X tons), Hong Kong SAR (X tons) and South Korea (X tons) - together made up 18% of total imports.

From 2012 to 2021, average annual rates of growth with regard to copper bars, wire and plates imports into China stood at -1.7%. At the same time, Australia (+15.4%), Vietnam (+14.7%), the Philippines (+7.4%), Japan (+6.4%), Taiwan (Chinese) (+5.4%), India (+3.7%) and Thailand (+2.6%) displayed positive paces of growth. Moreover, Australia emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +15.4% from 2012-2021. Indonesia experienced a relatively flat trend pattern. By contrast, Singapore (-1.1%), South Korea (-2.2%), Malaysia (-4.4%) and Hong Kong SAR (-7.6%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Vietnam, Australia, the Philippines, India, Japan and Taiwan (Chinese) increased by +6.6, +2.9, +2.8, +2.1, +1.6 and +1.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported copper bars, wire and plates in Asia-Pacific, comprising 24% of total imports. The second position in the ranking was taken by Thailand ($X), with an 11% share of total imports. It was followed by India, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China was relatively modest. 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-Pacific amounted to $X per ton, increasing by 33% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.2%. 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 South Korea ($X per ton) and Hong Kong SAR ($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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