Australia and Oceania: Market for Copper Bars, Wire And Plates 2024

Market Size for Copper Bars, Wire And Plates in Australia and Oceania

In 2021, after two years of decline, there was growth in the market for copper bars, wire and plates in Australia and Oceania, when its value increased by 3.6% to $X. Overall, consumption, however, continues to indicate a slight shrinkage. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Production of Copper Bars, Wire And Plates in Australia and Oceania

In value terms, copper bars, wire and plates production stood at $X in 2021 estimated in export price. Overall, production, however, showed a abrupt contraction. The most prominent rate of growth was recorded in 2018 with an increase of 59%. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Exports of Copper Bars, Wire And Plates

Exports in Australia and Oceania

In 2021, approx. X tons of copper bars, wire and plates were exported in Australia and Oceania; jumping by 96% compared with 2020. Overall, exports, however, faced a sharp decline. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, copper bars, wire and plates exports soared to $X in 2021. Over the period under review, exports, however, showed a sharp decrease. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, Australia (X tons) was the largest exporter of copper bars, wire and plates, generating 89% of total exports. It was distantly followed by New Zealand (X tons), generating a 10% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to copper bars, wire and plates exports from Australia stood at -23.5%. New Zealand (-10.6%) illustrated a downward trend over the same period. New Zealand (+7.6 p.p.) significantly strengthened its position in terms of the total exports, while Australia saw its share reduced by -7.1% from 2012 to 2021, respectively.

In value terms, Australia ($X) remains the largest copper bars, wire and plates supplier in Australia and Oceania, comprising 87% of total exports. The second position in the ranking was taken by New Zealand ($X), with a 13% share of total exports.

In Australia, copper bars, wire and plates exports decreased by an average annual rate of -25.7% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Australia and Oceania amounted to $X per ton, shrinking by -2.8% against the previous year. Overall, the export price showed a pronounced setback. The most prominent rate of growth was recorded in 2018 an increase of 42%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while Australia amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (+0.8%).

Imports of Copper Bars, Wire And Plates

Imports in Australia and Oceania

After three years of decline, supplies from abroad of copper bars, wire and plates increased by 8.1% to X tons in 2021. Total imports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +9.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -16.1% against 2015 indices. The growth pace was the most rapid in 2014 with an increase of 77%. Over the period under review, imports attained the peak figure at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, copper bars, wire and plates imports skyrocketed to $X in 2021. Total imports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +11.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 with an increase of 69% against the previous year. The level of import peaked in 2021 and is expected to retain growth in years to come.

Imports by Country

Australia represented the major importer of copper bars, wire and plates in Australia and Oceania, with the volume of imports recording X tons, which was approx. 85% of total imports in 2021. It was distantly followed by New Zealand (X tons), committing a 12% share of total imports. Fiji (X tons) took a minor share of total imports.

Australia was also the fastest-growing in terms of the copper bars, wire and plates imports, with a CAGR of +15.4% from 2012 to 2021. At the same time, Fiji (+5.2%) displayed positive paces of growth. By contrast, New Zealand (-5.7%) illustrated a downward trend over the same period. Australia (+34 p.p.) significantly strengthened its position in terms of the total imports, while New Zealand saw its share reduced by -33.3% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported copper bars, wire and plates in Australia and Oceania, comprising 85% of total imports. The second position in the ranking was held by New Zealand ($X), with a 12% share of total imports.

In Australia, copper bars, wire and plates imports expanded at an average annual rate of +18.9% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: New Zealand (-4.5% per year) and Fiji (+6.7% per year).

Import Prices by Country

In 2021, the import price in Australia and Oceania amounted to $X per ton, rising by 43% against the previous year. Import price indicated a mild increase from 2012 to 2021: its price increased at an average annual rate of +1.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, copper bars, wire and plates import price increased by +34.4% against 2018 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major importing countries. In 2021, 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 2021, the most notable rate of growth in terms of prices was attained by Australia (+3.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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