India: Copper Chain Market 2025

Copper Chain Market Size in India

The Indian copper chain market reached $X in 2022, increasing by 3.3% against the previous year. The market value increased at an average annual rate of +4.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Copper chain consumption peaked in 2022 and is likely to see steady growth in years to come.

Copper Chain Production in India

In value terms, copper chain production fell to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.3% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2017 when the production volume increased by 11%. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Copper Chain Exports

Exports from India

In 2022, approx. X tons of chain and parts thereof of copper were exported from India; shrinking by -50.2% against the previous year's figure. Overall, exports showed a sharp decrease. The pace of growth appeared the most rapid in 2018 when exports increased by 82%. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, copper chain exports contracted markedly to $X in 2022. Over the period under review, exports saw a deep contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 94% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons), Nepal (X tons) and Sri Lanka (X tons) were the main destinations of copper chain exports from India, with a combined 38% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Nepal (with a CAGR of +33.6%), while the other leaders experienced mixed trend patterns.

In value terms, the United States ($X) remains the key foreign market for chain and parts thereof of copper exports from India, comprising 36% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 12% share of total exports. It was followed by France, with a 7.5% share.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to -9.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+5.9% per year) and France (+12.3% per year).

Export Prices by Country

The average copper chain export price stood at $X per ton in 2022, increasing by 26% against the previous year. In general, the export price showed a buoyant increase. The growth pace was the most rapid in 2021 an increase of 90% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Nepal ($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 Arab Emirates (+30.6%), while the prices for the other major destinations experienced more modest paces of growth.

Copper Chain Imports

Imports into India

In 2022, purchases abroad of chain and parts thereof of copper increased by 74% to X tons, rising for the second year in a row after three years of decline. Over the period under review, imports, however, saw a abrupt setback. The most prominent rate of growth was recorded in 2021 when imports increased by 185% against the previous year. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, copper chain imports declined to $X in 2022. Overall, imports, however, continue to indicate a abrupt decline. The pace of growth was the most pronounced in 2021 with an increase of 124% against the previous year. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

Germany (X tons), China (X tons) and Nepal (X tons) were the main suppliers of copper chain imports to India, with a combined 90% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +39.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of chain and parts thereof of copper to India, comprising 55% of total imports. The second position in the ranking was taken by Germany ($X), with a 22% share of total imports. It was followed by Italy, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from China stood at -12.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+27.8% per year) and Italy (+10.9% per year).

Import Prices by Country

In 2022, the average copper chain import price amounted to $X per ton, shrinking by -42.8% against the previous year. Overall, the import price, however, enjoyed a tangible expansion. The pace of growth was the most pronounced in 2019 when the average import price increased by 64%. As a result, import price reached the peak level of $X per ton. From 2020 to 2022, the average import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+9.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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