China: Market for Copper Bars, Rods and Profiles 2024

Market Size for Copper Bars, Rods and Profiles in China

The Chinese market for copper bars, rods and profiles fell modestly to $X in 2022, with a decrease of -3.7% against the previous year. The market value increased at an average annual rate of +2.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Copper bar, rod and profile consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Copper Bars, Rods and Profiles in China

In value terms, copper bar, rod and profile production dropped to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when the production volume increased by 24%. Copper bar, rod and profile production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Copper Bars, Rods and Profiles

Exports from China

In 2022, approx. X tons of copper bars, rods and profiles were exported from China; rising by 27% against the previous year's figure. Over the period under review, exports recorded buoyant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 42%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, copper bar, rod and profile exports soared to $X in 2022. In general, exports posted a strong expansion. The pace of growth was the most pronounced in 2021 when exports increased by 86% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.

Exports by Country

Thailand (X tons), Germany (X tons) and Vietnam (X tons) were the main destinations of copper bar, rod and profile exports from China, with a combined 27% share of total exports. The Netherlands, Indonesia, India, South Korea, Japan, Malaysia, the Philippines, Italy, the United States and Spain lagged somewhat behind, together comprising a further 42%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +65.0%), while the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), Germany ($X) and the Netherlands ($X) appeared to be the largest markets for copper bar, rod and profile exported from China worldwide, together accounting for 28% of total exports.

The Netherlands, with a CAGR of +65.3%, saw 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 2022, the average export price for copper bars, rods and profiles amounted to $X per ton, with an increase of 2.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.1%. The pace of growth appeared the most rapid in 2021 when the average export price increased by 31%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Vietnam ($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 the United States (+2.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper Bars, Rods and Profiles

Imports into China

After two years of growth, purchases abroad of copper bars, rods and profiles decreased by -42.7% to X tons in 2022. Overall, imports continue to indicate a perceptible shrinkage. The pace of growth was the most pronounced in 2020 when imports increased by 45% against the previous year. Over the period under review, imports reached the maximum at X tons in 2021, and then plummeted in the following year.

In value terms, copper bar, rod and profile imports fell sharply to $X in 2022. Over the period under review, imports continue to indicate a perceptible curtailment. The growth pace was the most rapid in 2021 when imports increased by 34%. As a result, imports attained the peak of $X, and then declined markedly in the following year.

Imports by Country

South Korea (X tons), Japan (X tons) and Malaysia (X tons) were the main suppliers of copper bar, rod and profile imports to China, together comprising 70% of total imports. Indonesia, Germany, Thailand and France lagged somewhat behind, together comprising a further 15%.

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of +39.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), Japan ($X) and Malaysia ($X) constituted the largest copper bar, rod and profile suppliers to China, together comprising 63% of total imports. Germany, Indonesia, Thailand and France lagged somewhat behind, together accounting for a further 19%.

Indonesia, with a CAGR of +53.3%, recorded the highest growth rate of 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

In 2022, the average import price for copper bars, rods and profiles amounted to $X per ton, jumping by 19% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.5%. The pace of growth was the most pronounced in 2021 when the average import price increased by 33% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+10.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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