Malaysia: Market for Copper Bars, Wire And Plates 2024

Market Size for Copper Bars, Wire And Plates in Malaysia

The Malaysian market for copper bars, wire and plates totaled $X in 2021, approximately reflecting the previous year. The market value increased at an average annual rate of +1.4% over the period from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, consumption reached the peak level of $X; afterwards, it flattened through to 2021.

Production of Copper Bars, Wire And Plates in Malaysia

In value terms, copper bars, wire and plates production rose notably to $X in 2021 estimated in export price. Overall, the total production indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +4.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -5.7% against 2019 indices. The pace of growth was the most pronounced in 2014 when the production volume increased by 42%. Copper bars, wire and plates production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Exports of Copper Bars, Wire And Plates

Exports from Malaysia

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 31% to X tons. Overall, total exports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +7.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -9.0% against 2018 indices. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, copper bars, wire and plates exports surged to $X in 2021. In general, total exports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +5.9% 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 attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China (X tons) was the main destination for copper bars, wire and plates exports from Malaysia, accounting for a 33% share of total exports. Moreover, copper bars, wire and plates exports to China exceeded the volume sent to the second major destination, India (X tons), twofold. Singapore (X tons) ranked third in terms of total exports with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to China totaled +30.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+8.4% per year) and Singapore (-1.1% per year).

In value terms, the largest markets for copper bars, wire and plates exported from Malaysia were China ($X), India ($X) and Singapore ($X), with a combined 54% share of total exports. These countries were followed by Taiwan (Chinese), Australia, Indonesia, Thailand, Vietnam, the Philippines, Japan, South Korea, Hong Kong SAR and the United Arab Emirates, which together accounted for a further 40%.

Taiwan (Chinese), with a CAGR of +23.0%, 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

In 2021, the average export price for copper bars, wire and plates amounted to $X per ton, surging by 30% against the previous year. Over the period under review, the export price, however, saw a slight setback. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to China ($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 India (+2.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper Bars, Wire And Plates

Imports into Malaysia

In 2021, overseas purchases of copper bars, wire and plates were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports, however, saw a pronounced setback. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, copper bars, wire and plates imports skyrocketed to $X in 2021. In general, imports, however, recorded a noticeable reduction. Imports peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

Japan (X tons), China (X tons) and Indonesia (X tons) were the main suppliers of copper bars, wire and plates imports to Malaysia, with a combined 55% 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 China (with a CAGR of +8.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest copper bars, wire and plates suppliers to Malaysia were Japan ($X), China ($X) and Indonesia ($X), together accounting for 56% of total imports.

China, with a CAGR of +10.7%, saw 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, with an increase of 22% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 22% against the previous year. Over the period under review, average import prices attained the peak figure in 2021 and is likely to see gradual growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+13.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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