Japan: Market for Copper Bars, Wire And Plates 2024

Market Size for Copper Bars, Wire And Plates in Japan

The Japanese market for copper bars, wire and plates contracted to $X in 2021, shrinking by -2.2% against the previous year. Over the period under review, consumption recorded a pronounced setback. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Production of Copper Bars, Wire And Plates in Japan

In value terms, copper bars, wire and plates production amounted to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a pronounced reduction. The most prominent rate of growth was recorded in 2018 when the production volume increased by 25% against the previous year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Exports of Copper Bars, Wire And Plates

Exports from Japan

In 2021, after two years of decline, there was significant growth in overseas shipments of copper bars, wire and plates, when their volume increased by 32% to X tons. The total export volume increased at an average annual rate of +3.2% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, copper bars, wire and plates exports skyrocketed to $X in 2021. Over the period under review, total exports indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +3.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China (X tons), Thailand (X tons) and Taiwan (Chinese) (X tons) were the main destinations of copper bars, wire and plates exports from Japan, together comprising 60% of total exports. India, Vietnam, Malaysia, Hong Kong SAR, Singapore, the United States, the Philippines, South Korea and Indonesia lagged somewhat behind, together accounting for a further 36%.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +21.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for copper bars, wire and plates exported from Japan were China ($X), Thailand ($X) and Taiwan (Chinese) ($X), together accounting for 57% of total exports. The United States, Vietnam, India, South Korea, the Philippines, Malaysia, Hong Kong SAR, Singapore and Indonesia lagged somewhat behind, together accounting for a further 38%.

India, with a CAGR of +19.4%, saw the highest growth rate of the value of exports, in terms of 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

The average export price for copper bars, wire and plates stood at $X per ton in 2021, growing by 20% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+4.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper Bars, Wire And Plates

Imports into Japan

Copper bars, wire and plates imports into Japan surged to X tons in 2021, jumping by 29% on the previous year. Over the period under review, total imports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +6.4% over the last nine-year period. 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.

In value terms, copper bars, wire and plates imports skyrocketed to $X in 2021. In general, total imports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +7.8% 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

China (X tons), South Korea (X tons) and Thailand (X tons) were the main suppliers of copper bars, wire and plates imports to Japan, together comprising 78% of total imports. Taiwan (Chinese), Malaysia and Germany lagged somewhat behind, together accounting for a further 17%.

From 2012 to 2021, the biggest increases were recorded for Malaysia (with a CAGR of +16.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Thailand ($X) and South Korea ($X) constituted the largest copper bars, wire and plates suppliers to Japan, with a combined 73% share of total imports. These countries were followed by Malaysia, Taiwan (Chinese) and Germany, which together accounted for a further 19%.

Malaysia, with a CAGR of +18.1%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for copper bars, wire and plates amounted to $X per ton, jumping by 32% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.3%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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