Chile: Market for Copper Bars, Wire And Plates 2024

Market Size for Copper Bars, Wire And Plates in Chile

The Chilean market for copper bars, wire and plates contracted rapidly to $X in 2021, waning by -15% against the previous year. In general, consumption saw a noticeable shrinkage. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Copper Bars, Wire And Plates in Chile

In value terms, copper bars, wire and plates production contracted to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a pronounced slump. The pace of growth appeared the most rapid in 2020 with an increase of 14%. Copper bars, wire and plates production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Copper Bars, Wire And Plates

Exports from Chile

In 2021, shipments abroad of copper bars, wire and plates increased by 66% to X tons, rising for the second consecutive year after three years of decline. In general, exports, however, saw a deep slump. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, copper bars, wire and plates exports soared to $X in 2021. Overall, exports, however, continue to indicate a noticeable decrease. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Argentina (X tons), Brazil (X tons) and Costa Rica (X tons) were the main destinations of copper bars, wire and plates exports from Chile, together comprising 75% of total exports.

From 2012 to 2021, the biggest increases were recorded for Argentina (with a CAGR of +23.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for copper bars, wire and plates exported from Chile were Argentina ($X), Brazil ($X) and Costa Rica ($X), with a combined 76% share of total exports.

Among the main countries of destination, Argentina, with a CAGR of +25.8%, recorded the highest growth rate of the value of exports, 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, rising by 47% against the previous year. In general, export price indicated slight growth from 2012 to 2021: its price increased at an average annual rate of +1.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, copper bars, wire and plates export price increased by +51.3% against 2019 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major foreign markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Argentina ($X per ton) and Colombia ($X per ton), while the average price for exports to Mexico ($X per ton) and South Korea ($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 Brazil (+1.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper Bars, Wire And Plates

Imports into Chile

In 2021, approx. X tons of copper bars, wire and plates were imported into Chile; increasing by 38% compared with the previous year. Over the period under review, total imports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +5.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +124.1% against 2016 indices. The most prominent rate of growth was recorded in 2013 with an increase of 53% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in years to come.

In value terms, copper bars, wire and plates imports soared to $X in 2021. In general, imports recorded measured growth. The growth pace was the most rapid in 2013 when imports increased by 47%. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Brazil (X tons), China (X tons) and South Korea (X tons) were the main suppliers of copper bars, wire and plates imports to Chile, together comprising 67% of total imports.

From 2012 to 2021, the biggest increases were recorded for South Korea (with a CAGR of +58.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest copper bars, wire and plates suppliers to Chile were Brazil ($X), China ($X) and Peru ($X), with a combined 61% share of total imports. South Korea, Spain, Mexico, Italy and Germany lagged somewhat behind, together accounting for a further 28%.

South Korea, with a CAGR of +62.0%, 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, wire and plates stood at $X per ton in 2021, increasing by 4.9% against the previous year. Over the period under review, the import price, however, continues to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2018 an increase of 8.5%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+2.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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