Brazil: Market for Copper Bars, Rods and Profiles 2024

Market Size for Copper Bars, Rods and Profiles in Brazil

The Brazilian market for copper bars, rods and profiles shrank to $X in 2022, declining by -7% against the previous year. Overall, consumption recorded a pronounced shrinkage. Copper bar, rod and profile consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Copper Bars, Rods and Profiles in Brazil

In value terms, copper bar, rod and profile production reduced to $X in 2022 estimated in export price. Over the period under review, production recorded a pronounced downturn. The growth pace was the most rapid in 2018 when the production volume increased by 29% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Copper Bars, Rods and Profiles

Exports from Brazil

For the fourth consecutive year, Brazil recorded growth in overseas shipments of copper bars, rods and profiles, which increased by 41% to X tons in 2022. In general, exports saw prominent growth. The most prominent rate of growth was recorded in 2021 when exports increased by 44%. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in the immediate term.

In value terms, copper bar, rod and profile exports surged to $X in 2022. Over the period under review, exports showed a remarkable increase. The growth pace was the most rapid in 2021 with an increase of 110%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for copper bar, rod and profile exports from Brazil, accounting for a 87% share of total exports. Moreover, copper bar, rod and profile exports to the United States exceeded the volume sent to the second major destination, Argentina (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at +22.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (+3.3% per year) and Chile (+29.3% per year).

In value terms, the United States ($X) remains the key foreign market for copper bars, rods and profiles exports from Brazil, comprising 86% of total exports. The second position in the ranking was taken by Argentina ($X), with a 4.9% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled +22.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (+6.2% per year) and Chile (+29.3% per year).

Export Prices by Country

The average export price for copper bars, rods and profiles stood at $X per ton in 2022, rising by 4.2% against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average export price increased by 45% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Chile ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Argentina (+2.8%), while the prices for the other major destinations experienced a decline.

Imports of Copper Bars, Rods and Profiles

Imports into Brazil

Copper bar, rod and profile imports into Brazil rose sharply to X tons in 2022, with an increase of 5.4% on 2021. Over the period under review, imports, however, showed a abrupt decline. The pace of growth was the most pronounced in 2019 when imports increased by 76% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, copper bar, rod and profile imports surged to $X in 2022. Overall, imports, however, recorded a deep setback. The pace of growth was the most pronounced in 2019 with an increase of 38%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United States (X tons) constituted the largest copper bar, rod and profile supplier to Brazil, with a 38% share of total imports. Moreover, copper bar, rod and profile imports from the United States exceeded the figures recorded by the second-largest supplier, Chile (X tons), twofold. The third position in this ranking was taken by Germany (X tons), with a 12% share.

From 2012 to 2022, the average annual growth rate of volume from the United States stood at +17.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Chile (-25.4% per year) and Germany (-0.6% per year).

In value terms, the United States ($X), Germany ($X) and Chile ($X) appeared to be the largest copper bar, rod and profile suppliers to Brazil, with a combined 66% share of total imports. Japan, China, Peru, France, South Korea and Argentina lagged somewhat behind, together comprising a further 23%.

South Korea, with a CAGR of +67.5%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for copper bars, rods and profiles stood at $X per ton in 2022, growing by 28% against the previous year. Overall, the import price posted buoyant growth. The most prominent rate of growth was recorded in 2018 an increase of 53%. The import price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Argentina ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+10.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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