India: Copper Foil Market 2024

Copper Foil Market Size in India

The Indian copper foil market expanded markedly to $X in 2022, increasing by 5.7% against the previous year. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Copper Foil Production in India

In value terms, copper foil production expanded markedly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a abrupt contraction. The most prominent rate of growth was recorded in 2018 with an increase of 486%. Copper foil production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Copper Foil Exports

Exports from India

In 2022, the amount of copper foil exported from India soared to X tons, jumping by 61% against 2021 figures. In general, exports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 80% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, copper foil exports surged to $X in 2022. Over the period under review, exports recorded a resilient increase. The pace of growth was the most pronounced in 2021 when exports increased by 155% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Exports by Country

The United Arab Emirates (X tons), the United States (X tons) and Egypt (X tons) were the main destinations of copper foil exports from India, together comprising 50% of total exports. Algeria, Thailand, Oman, Sweden, the Philippines, Qatar, Hungary, Saudi Arabia and Turkey lagged somewhat behind, together accounting for 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 Algeria (with a CAGR of +8,079.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for copper foil exported from India were the United States ($X), the United Arab Emirates ($X) and Egypt ($X), together comprising 50% of total exports. Algeria, Thailand, Oman, Sweden, Qatar, the Philippines, Hungary, Saudi Arabia and Turkey lagged somewhat behind, together comprising a further 42%.

Algeria, with a CAGR of +11,114.4%, saw the highest rates of growth with regard to the value of exports, among 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 copper foil export price amounted to $X per ton, surging by 1.8% against the previous year. Over the period under review, export price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, copper foil export price increased by +47.9% against 2019 indices. The most prominent rate of growth was recorded in 2021 an increase of 41%. Over the period under review, the average export prices attained the maximum in 2022 and is likely to see gradual growth in the near future.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Algeria ($X per ton) and Sweden ($X per ton), while the average price for exports to the Philippines ($X per ton) and Thailand ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Algeria (+37.1%), while the prices for the other major destinations experienced more modest paces of growth.

Copper Foil Imports

Imports into India

In 2022, the amount of copper foil imported into India surged to X tons, growing by 25% compared with the previous year. Overall, imports recorded a resilient increase. The pace of growth appeared the most rapid in 2017 when imports increased by 39%. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in the immediate term.

In value terms, copper foil imports rose significantly to $X in 2022. Over the period under review, total imports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +7.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +86.4% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 64%. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in the near future.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of copper foil to India, with a 83% share of total imports. Moreover, copper foil imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), more than tenfold. South Korea (X tons) ranked third in terms of total imports with a 4.1% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +10.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+13.7% per year) and South Korea (+6.6% per year).

In value terms, China ($X) constituted the largest supplier of copper foil to India, comprising 78% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 7.5% share of total imports. It was followed by Thailand, with a 3.6% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +9.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+12.2% per year) and Thailand (+23.6% per year).

Import Prices by Country

The average copper foil import price stood at $X per ton in 2022, waning by -8.8% against the previous year. Overall, the import price showed a mild contraction. The pace of growth appeared the most rapid in 2018 when the average import price increased by 47% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 Hong Kong SAR ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+15.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform