Brazil: Market for Copper Bars, Wire And Plates 2024

Market Size for Copper Bars, Wire And Plates in Brazil

In 2021, the Brazilian market for copper bars, wire and plates decreased by -1.3% to $X for the first time since 2018, thus ending a two-year rising trend. In general, consumption showed a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Copper Bars, Wire And Plates in Brazil

In value terms, copper bars, wire and plates production reduced slightly to $X in 2021 estimated in export price. Overall, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the production volume increased by 28%. Copper bars, wire and plates production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Copper Bars, Wire And Plates

Exports from Brazil

Copper bars, wire and plates exports from Brazil rose slightly to X tons in 2021, increasing by 2.6% on 2020 figures. In general, total exports indicated a temperate increase from 2012 to 2021: its volume increased at an average annual rate of +3.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -34.5% against 2019 indices. The most prominent rate of growth was recorded in 2019 when exports increased by 57% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2021, the growth of the exports remained at a lower figure.

In value terms, copper bars, wire and plates exports soared to $X in 2021. Over the period under review, total exports indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +4.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -5.2% against 2019 indices. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Argentina (X tons), the United States (X tons) and Costa Rica (X tons) were the main destinations of copper bars, wire and plates exports from Brazil, with a combined 70% share of total exports. These countries were followed by Colombia, Paraguay, Uruguay, Mexico, Bolivia and Italy, which together accounted for a further 26%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mexico (with a CAGR of +114.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for copper bars, wire and plates exported from Brazil were Argentina ($X), the United States ($X) and Costa Rica ($X), with a combined 70% share of total exports. Colombia, Paraguay, Uruguay, Mexico, Italy and Bolivia lagged somewhat behind, together comprising a further 26%.

Mexico, with a CAGR of +70.3%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average export price for copper bars, wire and plates amounted to $X per ton, with an increase of 41% against the previous year. In general, the export price showed a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major external markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Italy ($X per ton) and Uruguay ($X per ton), while the average price for exports to Mexico ($X per ton) and Colombia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Uruguay (+1.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper Bars, Wire And Plates

Imports into Brazil

In 2021, supplies from abroad of copper bars, wire and plates increased by 32% to X tons, rising for the second year in a row after three years of decline. Over the period under review, imports, however, recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2014 when imports increased by 71% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, copper bars, wire and plates imports surged to $X in 2021. In general, imports, however, continue to indicate a noticeable setback. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Chile (X tons) constituted the largest copper bars, wire and plates supplier to Brazil, accounting for a 47% share of total imports. Moreover, copper bars, wire and plates imports from Chile exceeded the figures recorded by the second-largest supplier, Peru (X tons), fourfold. The third position in this ranking was taken by Mexico (X tons), with a 9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Chile stood at -10.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (+17.3% per year) and Mexico (+32.6% per year).

In value terms, Chile ($X) constituted the largest supplier of copper bars, wire and plates to Brazil, comprising 43% of total imports. The second position in the ranking was taken by Germany ($X), with a 10% share of total imports. It was followed by Peru, with a 10% share.

From 2012 to 2021, the average annual growth rate of value from Chile amounted to -9.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+3.1% per year) and Peru (+20.9% per year).

Import Prices by Country

The average import price for copper bars, wire and plates stood at $X per ton in 2021, jumping by 40% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.2%. As a result, import 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 supplying countries. In 2021, amid the top importers, the country with the highest price was Argentina ($X per ton), while the price for Peru ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Argentina (+10.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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