MERCOSUR: Market for Copper Bars, Rods and Profiles 2024

Market Size for Copper Bars, Rods and Profiles in MERCOSUR

The MERCOSUR market for copper bars, rods and profiles reduced slightly to $X in 2022, declining by -4.6% against the previous year. In general, consumption continues to indicate a slight decline. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Copper Bars, Rods and Profiles in MERCOSUR

In value terms, copper bar, rod and profile production contracted modestly to $X in 2022 estimated in export price. In general, production continues to indicate a mild setback. The most prominent rate of growth was recorded in 2018 when the production volume increased by 23%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Copper Bars, Rods and Profiles

Exports in MERCOSUR

In 2022, shipments abroad of copper bars, rods and profiles increased by 11% to X tons, rising for the second consecutive year after three years of decline. The total export volume increased at an average annual rate of +1.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 27% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in years to come.

In value terms, copper bar, rod and profile exports rose significantly to $X in 2022. Total exports indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +2.6% 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 +94.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 82% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in the near future.

Exports by Country

Brazil (X tons) and Peru (X tons) represented the largest exporters of copper bars, rods and profiles in 2022, accounting for near 43% and 40% of total exports, respectively. It was distantly followed by Chile (X tons), comprising a 15% share of total exports. Colombia (X tons) held a little share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Brazil (with a CAGR of +19.7%), while the other leaders experienced a decline in the exports figures.

In value terms, the largest copper bar, rod and profile supplying countries in MERCOSUR were Brazil ($X), Peru ($X) and Chile ($X), with a combined 98% share of total exports.

In terms of the main exporting countries, Brazil, with a CAGR of +19.9%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per ton, falling by -4.1% against the previous year. Over the last decade, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2021 when the export price increased by 43%. As a result, the export price reached the peak level of $X per ton, and then declined in the following year.

Average prices varied noticeably amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Brazil ($X per ton) and Peru ($X per ton), while Chile ($X per ton) and Colombia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+1.9%), while the other leaders experienced mixed trends in the export price figures.

Imports of Copper Bars, Rods and Profiles

Imports in MERCOSUR

In 2022, the amount of copper bars, rods and profiles imported in MERCOSUR reached X tons, with an increase of 4.4% on the year before. Over the period under review, imports, however, recorded a noticeable descent. The most prominent rate of growth was recorded in 2019 with an increase of 7.6% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, copper bar, rod and profile imports rose notably to $X in 2022. In general, imports, however, recorded a slight curtailment. The growth pace was the most rapid in 2021 when imports increased by 38%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

The purchases of the five major importers of copper bars, rods and profiles, namely Chile, Brazil, Ecuador, Argentina and Colombia, represented more than two-thirds of total import. Peru (X tons) and Paraguay (X tons) took a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Peru (with a CAGR of +12.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest copper bar, rod and profile importing markets in MERCOSUR were Brazil ($X), Chile ($X) and Argentina ($X), together comprising 70% of total imports. Ecuador, Colombia, Peru and Paraguay lagged somewhat behind, together accounting for a further 27%.

Among the main importing countries, Peru, with a CAGR of +10.2%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in MERCOSUR amounted to $X per ton, with an increase of 9.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.6%. The pace of growth appeared the most rapid in 2021 an increase of 29% against the previous year. The level of import peaked in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Brazil ($X per ton), while Ecuador ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+7.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform