Malaysia: Market for Copper Bars, Rods and Profiles 2024

Market Size for Copper Bars, Rods and Profiles in Malaysia

After two years of decline, the Malaysian market for copper bars, rods and profiles increased by 12% to $X in 2022. Overall, consumption, however, continues to indicate a mild shrinkage. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Copper Bars, Rods and Profiles in Malaysia

In value terms, copper bar, rod and profile production dropped to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +5.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 with an increase of 26% against the previous year. Copper bar, rod and profile production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Exports of Copper Bars, Rods and Profiles

Exports from Malaysia

After two years of growth, shipments abroad of copper bars, rods and profiles decreased by -7% to X tons in 2022. In general, total exports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of +5.2% 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 +91.7% against 2019 indices. The growth pace was the most rapid in 2020 when exports increased by 77%. The exports peaked at X tons in 2021, and then reduced in the following year.

In value terms, copper bar, rod and profile exports fell dramatically to $X in 2022. Overall, total exports indicated mild growth from 2012 to 2022: its value increased at an average annual rate of +1.0% 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 +70.0% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 51% against the previous year. As a result, the exports attained the peak of $X, and then declined dramatically in the following year.

Exports by Country

China (X tons), Taiwan (Chinese) (X tons) and Singapore (X tons) were the main destinations of copper bar, rod and profile exports from Malaysia, with a combined 44% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of +27.8%), while the other leaders experienced more modest paces of growth.

In value terms, Taiwan (Chinese) ($X), China ($X) and Singapore ($X) constituted the largest markets for copper bar, rod and profile exported from Malaysia worldwide, with a combined 42% share of total exports.

China, with a CAGR of +18.2%, saw the highest rates of growth with regard to 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 export price for copper bars, rods and profiles stood at $X per ton in 2022, dropping by -10.6% against the previous year. In general, the export price saw a perceptible decline. The pace of growth was the most pronounced in 2021 when the average export price increased by 30%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to China ($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 New Zealand (-1.5%), while the prices for the other major destinations experienced a decline.

Imports of Copper Bars, Rods and Profiles

Imports into Malaysia

Copper bar, rod and profile imports into Malaysia fell to X tons in 2022, shrinking by -14% against 2021. Over the period under review, imports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2015 when imports increased by 37%. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, copper bar, rod and profile imports shrank significantly to $X in 2022. In general, imports showed a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of 79% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Belgium (X tons), South Korea (X tons) and Indonesia (X tons) were the main suppliers of copper bar, rod and profile imports to Malaysia, together accounting for 66% of total imports.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +8.5%), while purchases for the other leaders experienced a decline.

In value terms, Belgium ($X), South Korea ($X) and Indonesia ($X) were the largest copper bar, rod and profile suppliers to Malaysia, with a combined 61% share of total imports.

Belgium, with a CAGR of +6.5%, 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 a decline.

Import Prices by Country

The average import price for copper bars, rods and profiles stood at $X per ton in 2022, declining by -9.4% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 32%. As a result, import price reached the peak level of $X per ton, and then fell in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+10.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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