Indonesia: Market for Copper Bars, Rods and Profiles 2024

Market Size for Copper Bars, Rods and Profiles in Indonesia

The Indonesian market for copper bars, rods and profiles dropped to $X in 2022, waning by -3.9% against the previous year. Over the period under review, consumption, however, saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Production of Copper Bars, Rods and Profiles in Indonesia

In value terms, copper bar, rod and profile production fell modestly to $X in 2022 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the production volume increased by 50%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Exports of Copper Bars, Rods and Profiles

Exports from Indonesia

In 2022, the amount of copper bars, rods and profiles exported from Indonesia shrank to X tons, reducing by -4% against the year before. In general, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 68%. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, copper bar, rod and profile exports soared to $X in 2022. Over the period under review, exports, however, recorded a notable increase. The growth pace was the most rapid in 2014 when exports increased by 79%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

China (X tons) was the main destination for copper bar, rod and profile exports from Indonesia, with a 44% share of total exports. Moreover, copper bar, rod and profile exports to China exceeded the volume sent to the second major destination, Bangladesh (X tons), twofold. The third position in this ranking was held by Singapore (X tons), with a 7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to China totaled +8.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bangladesh (+9.2% per year) and Singapore (+3.4% per year).

In value terms, the largest markets for copper bar, rod and profile exported from Indonesia were China ($X), Bangladesh ($X) and Singapore ($X), with a combined 74% share of total exports. Australia, India, Thailand, Malaysia and the Philippines lagged somewhat behind, together accounting for a further 19%.

Among the main countries of destination, India, with a CAGR of +39.5%, 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

In 2022, the average export price for copper bars, rods and profiles amounted to $X per ton, growing by 29% against the previous year. Over the period under review, export price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, copper bar, rod and profile export price increased by +79.1% against 2019 indices. The pace of growth was the most pronounced in 2021 an increase of 38% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to Thailand ($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 India (+17.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper Bars, Rods and Profiles

Imports into Indonesia

In 2022, overseas purchases of copper bars, rods and profiles increased by 2% to X tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when imports increased by 96%. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, copper bar, rod and profile imports surged to $X in 2022. In general, imports showed a pronounced increase. The growth pace was the most rapid in 2017 when imports increased by 137%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Thailand (X tons), Malaysia (X tons) and South Korea (X tons) were the main suppliers of copper bar, rod and profile imports to Indonesia, with a combined 80% 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 Thailand (with a CAGR of +13.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest copper bar, rod and profile suppliers to Indonesia were Thailand ($X), Malaysia ($X) and South Korea ($X), together comprising 76% of total imports.

In terms of the main suppliers, Thailand, with a CAGR of +16.1%, 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

The average import price for copper bars, rods and profiles stood at $X per ton in 2022, surging by 23% against the previous year. In general, import price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, copper bar, rod and profile import price increased by +60.4% against 2018 indices. The pace of growth was the most pronounced in 2021 when the average import price increased by 39%. The import price peaked in 2022 and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform

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