Indonesia: Market for Copper Bars, Wire And Plates 2024

Market Size for Copper Bars, Wire And Plates in Indonesia

After two years of growth, the Indonesian market for copper bars, wire and plates decreased by -4.3% to $X in 2021. In general, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Production of Copper Bars, Wire And Plates in Indonesia

In value terms, copper bars, wire and plates production contracted modestly to $X in 2021 estimated in export price. Overall, production saw a slight decrease. The most prominent rate of growth was recorded in 2017 with an increase of 22% against the previous year. Copper bars, wire and plates production peaked at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Exports of Copper Bars, Wire And Plates

Exports from Indonesia

In 2021, after five years of decline, there was significant growth in shipments abroad of copper bars, wire and plates, when their volume increased by 30% to X tons. Overall, exports, however, saw a perceptible curtailment. Over the period under review, the exports reached the maximum at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, copper bars, wire and plates exports soared to $X in 2021. Over the period under review, exports, however, continue to indicate a perceptible descent. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for copper bars, wire and plates exports from Indonesia, accounting for a 43% share of total exports. Moreover, copper bars, wire and plates exports to China exceeded the volume sent to the second major destination, Vietnam (X tons), threefold. The third position in this ranking was held by Thailand (X tons), with a 13% share.

From 2012 to 2021, the average annual growth rate of volume to China amounted to +3.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+0.6% per year) and Thailand (-6.0% per year).

In value terms, China ($X) remains the key foreign market for copper bars, wire and plates exports from Indonesia, comprising 42% of total exports. The second position in the ranking was taken by Vietnam ($X), with a 15% share of total exports. It was followed by Thailand, with a 14% share.

From 2012 to 2021, the average annual growth rate of value to China totaled +4.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+2.4% per year) and Thailand (-3.9% per year).

Export Prices by Country

The average export price for copper bars, wire and plates stood at $X per ton in 2021, surging by 47% against the previous year. Overall, export price indicated slight growth from 2012 to 2021: its price increased at an average annual rate of +1.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major foreign markets. In 2021, amid the top suppliers, the countries with the highest prices were Thailand ($X per ton) and Hong Kong SAR ($X per ton), while the average price for exports to India ($X per ton) and Australia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+2.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper Bars, Wire And Plates

Imports into Indonesia

After two years of decline, overseas purchases of copper bars, wire and plates increased by 26% to X tons in 2021. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 26% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports remained at a lower figure.

In value terms, copper bars, wire and plates imports skyrocketed to $X in 2021. Overall, total imports indicated a mild increase from 2012 to 2021: its value increased at an average annual rate of +1.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Malaysia (X tons), Thailand (X tons) and Singapore (X tons) were the main suppliers of copper bars, wire and plates imports to Indonesia, with a combined 52% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Thailand (with a CAGR of +9.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), Thailand ($X) and South Korea ($X) appeared to be the largest copper bars, wire and plates suppliers to Indonesia, together comprising 53% of total imports.

Thailand, with a CAGR of +11.5%, recorded the highest growth rate of the value of imports, in terms of the main suppliers 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, wire and plates stood at $X per ton in 2021, jumping by 23% against the previous year. Over the last nine years, it increased at an average annual rate of +1.9%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for Singapore ($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 (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :