China: Market for Copper Bars, Wire And Plates 2024

Market Size for Copper Bars, Wire And Plates in China

In 2021, the Chinese market for copper bars, wire and plates decreased by -2.7% to $X for the first time since 2016, thus ending a four-year rising trend. The market value increased at an average annual rate of +1.5% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2020, and then reduced in the following year.

Production of Copper Bars, Wire And Plates in China

In value terms, copper bars, wire and plates production fell slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.5% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2017 when the production volume increased by 17%. Copper bars, wire and plates production peaked at $X in 2020, and then dropped slightly in the following year.

Exports of Copper Bars, Wire And Plates

Exports from China

Copper bars, wire and plates exports from China surged to X tons in 2021, picking up by 37% against 2020 figures. Over the period under review, exports continue to indicate a resilient increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, copper bars, wire and plates exports soared to $X in 2021. In general, exports posted a prominent increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Vietnam (X tons), Thailand (X tons) and Japan (X tons) were the main destinations of copper bars, wire and plates exports from China, together comprising 38% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Vietnam (with a CAGR of +43.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for copper bars, wire and plates exported from China were Vietnam ($X), Thailand ($X) and Japan ($X), together accounting for 37% of total exports.

In terms of the main countries of destination, Vietnam, with a CAGR of +42.9%, saw 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

The average export price for copper bars, wire and plates stood at $X per ton in 2021, rising by 38% against the previous year. Overall, the export price saw a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+2.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper Bars, Wire And Plates

Imports into China

In 2021, overseas purchases of copper bars, wire and plates increased by 6.2% to X tons, rising for the second year in a row after three years of decline. In general, imports, however, saw a mild decline. The most prominent rate of growth was recorded in 2020 with an increase of 10% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, copper bars, wire and plates imports surged to $X in 2021. Over the period under review, imports saw a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

South Korea (X tons), Japan (X tons) and Indonesia (X tons) were the main suppliers of copper bars, wire and plates imports to China, with a combined 53% share of total imports. These countries were followed by Malaysia, Germany, Vietnam and Thailand, which together accounted for a further 28%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of +48.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), South Korea ($X) and Indonesia ($X) constituted the largest copper bars, wire and plates suppliers to China, together accounting for 54% of total imports. These countries were followed by Germany, Malaysia, Vietnam and Thailand, which together accounted for a further 25%.

Among the main suppliers, Vietnam, with a CAGR of +44.1%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for copper bars, wire and plates amounted to $X per ton, rising by 34% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.8%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per ton), while the price for Malaysia ($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 (+2.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :