Australia and Oceania: Market for Copper Bars, Rods and Profiles 2024

Market Size for Copper Bars, Rods and Profiles in Australia and Oceania

The market for copper bars, rods and profiles in Australia and Oceania rose significantly to $X in 2022, increasing by 9.4% against the previous year. Over the period under review, consumption, however, continues to indicate a perceptible descent. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Production of Copper Bars, Rods and Profiles in Australia and Oceania

In value terms, copper bar, rod and profile production surged to $X in 2022 estimated in export price. Overall, production, however, saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 103% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Copper Bars, Rods and Profiles

Exports in Australia and Oceania

In 2022, approx. X tons of copper bars, rods and profiles were exported in Australia and Oceania; with an increase of 1.9% compared with 2021 figures. Overall, exports, however, recorded a sharp downturn. The pace of growth was the most pronounced in 2021 with an increase of 38% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, copper bar, rod and profile exports amounted to $X in 2022. In general, exports, however, showed a sharp slump. The most prominent rate of growth was recorded in 2021 with an increase of 76% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The biggest shipments were from Australia (X tons) and New Zealand (X tons), together finishing at 99.9% of total export.

From 2012 to 2022, the biggest increases were recorded for New Zealand (with a CAGR of -4.2%).

In value terms, the largest copper bar, rod and profile supplying countries in Australia and Oceania were Australia ($X) and New Zealand ($X).

New Zealand, with a CAGR of -3.3%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per ton, shrinking by -1.6% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the export price increased by 28% against the previous year. As a result, the export price reached the peak level of $X per ton, and then dropped modestly in the following year.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per ton), while New Zealand totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+1.1%).

Imports of Copper Bars, Rods and Profiles

Imports in Australia and Oceania

Copper bar, rod and profile imports shrank slightly to X tons in 2022, falling by -3.5% compared with the year before. Over the period under review, imports showed a pronounced downturn. The growth pace was the most rapid in 2014 when imports increased by 47%. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, copper bar, rod and profile imports amounted to $X in 2022. Overall, imports recorded a pronounced shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 55% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Australia was the largest importing country with an import of about X tons, which finished at 60% of total imports. It was distantly followed by New Zealand (X tons), committing a 38% share of total imports. Fiji (X tons) held a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Australia (with a CAGR of +1.2%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, the largest copper bar, rod and profile importing markets in Australia and Oceania were Australia ($X), New Zealand ($X) and Fiji ($X), together comprising 100% of total imports.

Among the main importing countries, Australia, with a CAGR of +2.3%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2022, surging by 4.2% against the previous year. Import price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, copper bar, rod and profile import price increased by +43.9% against 2019 indices. The most prominent rate of growth was recorded in 2021 an increase of 37% against the previous year. Over the period under review, import prices reached the peak figure in 2022 and is likely to continue growth in the near future.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Fiji ($X per ton), while Australia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Fiji (+1.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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