Japan: Market for Copper Bars, Rods and Profiles 2024

Market Size for Copper Bars, Rods and Profiles in Japan

The Japanese market for copper bars, rods and profiles shrank to $X in 2022, which is down by -7.7% against the previous year. Over the period under review, consumption saw a noticeable slump. Copper bar, rod and profile consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Production of Copper Bars, Rods and Profiles in Japan

In value terms, copper bar, rod and profile production contracted to $X in 2022 estimated in export price. Over the period under review, production recorded a noticeable decrease. The pace of growth appeared the most rapid in 2021 when the production volume increased by 18% against the previous year. Copper bar, rod and profile production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Exports of Copper Bars, Rods and Profiles

Exports from Japan

Copper bar, rod and profile exports from Japan contracted to X tons in 2022, shrinking by -5.4% on the previous year's figure. Over the period under review, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 71%. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, copper bar, rod and profile exports shrank modestly to $X in 2022. In general, total exports indicated mild growth from 2012 to 2022: its value increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +100.8% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 103%. As a result, the exports reached the peak of $X, and then reduced in the following year.

Exports by Country

China (X tons) was the main destination for copper bar, rod and profile exports from Japan, accounting for a 32% share of total exports. Moreover, copper bar, rod and profile exports to China exceeded the volume sent to the second major destination, Vietnam (X tons), twofold. Thailand (X tons) ranked third in terms of total exports with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to China amounted to -3.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+12.7% per year) and Thailand (+1.6% per year).

In value terms, China ($X) remains the key foreign market for copper bars, rods and profiles exports from Japan, comprising 28% of total exports. The second position in the ranking was taken by Thailand ($X), with an 11% share of total exports. It was followed by Vietnam, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value to China totaled -1.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (+1.9% per year) and Vietnam (+12.0% per year).

Export Prices by Country

In 2022, the average export price for copper bars, rods and profiles amounted to $X per ton, with an increase of 4.4% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average export price increased by 19% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain 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 ($X per ton), while the average price for exports to Singapore ($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 States (+4.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper Bars, Rods and Profiles

Imports into Japan

Copper bar, rod and profile imports into Japan dropped to X tons in 2022, waning by -6.4% compared with 2021. The total import volume increased at an average annual rate of +3.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2015 with an increase of 27% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then fell in the following year.

In value terms, copper bar, rod and profile imports amounted to $X in 2022. Over the period under review, total imports indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +4.6% 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 +46.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 45% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.

Imports by Country

In 2022, Thailand (X tons) constituted the largest copper bar, rod and profile supplier to Japan, with a 61% share of total imports. Moreover, copper bar, rod and profile imports from Thailand exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. South Korea (X tons) ranked third in terms of total imports with a 14% share.

From 2012 to 2022, the average annual growth rate of volume from Thailand amounted to +11.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+3.7% per year) and South Korea (-7.7% per year).

In value terms, Thailand ($X) constituted the largest supplier of copper bars, rods and profiles to Japan, comprising 59% of total imports. The second position in the ranking was held by China ($X), with a 20% share of total imports. It was followed by South Korea, with a 9.7% share.

From 2012 to 2022, the average annual growth rate of value from Thailand amounted to +11.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+3.7% per year) and South Korea (-5.9% per year).

Import Prices by Country

In 2022, the average import price for copper bars, rods and profiles amounted to $X per ton, surging by 7.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.4%. The growth pace was the most rapid in 2021 an increase of 24%. The import price peaked in 2022 and is likely to see gradual 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 the United States ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+2.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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