Japan: Copper Wire Market 2024

Copper Wire Market Size in Japan

The Japanese copper wire market expanded remarkably to $X in 2021, growing by 6.6% against the previous year. Overall, consumption, however, showed a pronounced decrease. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Copper Wire Production in Japan

In value terms, copper wire production rose significantly to $X in 2021 estimated in export price. Overall, production, however, recorded a perceptible decrease. The most prominent rate of growth was recorded in 2015 when the production volume increased by 37%. Copper wire production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Copper Wire Exports

Exports from Japan

In 2021, approx. X tons of copper wire were exported from Japan; jumping by 18% on the year before. In general, total exports indicated temperate growth from 2012 to 2021: its volume increased at an average annual rate of +3.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when exports increased by 73% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, copper wire exports skyrocketed to $X in 2021. Over the period under review, total exports indicated pronounced growth from 2012 to 2021: its value increased at an average annual rate of +2.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

India (X tons), Thailand (X tons) and China (X tons) were the main destinations of copper wire exports from Japan, with a combined 63% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Thailand (with a CAGR of +32.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for copper wire exported from Japan were India ($X), China ($X) and Thailand ($X), together comprising 54% of total exports.

India, with a CAGR of +29.3%, saw the highest growth rate of 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

The average copper wire export price stood at $X per ton in 2021, rising by 24% against the previous year. In general, the export price, however, showed a mild shrinkage. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the Philippines ($X per ton), while the average price for exports to India ($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 Malaysia (+5.7%), while the prices for the other major destinations experienced more modest paces of growth.

Copper Wire Imports

Imports into Japan

In 2021, the amount of copper wire imported into Japan soared to X tons, picking up by 16% on the year before. Overall, total imports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +5.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -13.4% against 2019 indices. The pace of growth was the most pronounced in 2019 with an increase of 35% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, copper wire imports soared to $X in 2021. In general, total imports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +7.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), Malaysia (X tons) and Thailand (X tons) were the main suppliers of copper wire imports to Japan, with a combined 81% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Malaysia (with a CAGR of +15.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest copper wire suppliers to Japan were China ($X), Malaysia ($X) and Thailand ($X), with a combined 78% share of total imports.

Malaysia, with a CAGR of +16.9%, recorded the highest rates of growth with regard to 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

In 2021, the average copper wire import price amounted to $X per ton, jumping by 38% against the previous year. Over the last nine years, it increased at an average annual rate of +1.2%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Taiwan (Chinese) ($X per ton) and China ($X per ton), while the price for Indonesia ($X per ton) and Vietnam ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+2.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform