MERCOSUR: Market for Copper Bars, Wire And Plates 2024

Market Size for Copper Bars, Wire And Plates in MERCOSUR

In 2021, after two years of growth, there was decline in the MERCOSUR market for copper bars, wire and plates, when its value decreased by -0.9% to $X. Over the period under review, consumption showed a relatively flat trend pattern. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Copper Bars, Wire And Plates in MERCOSUR

In value terms, copper bars, wire and plates production reduced to $X in 2021 estimated in export price. Overall, production continues to indicate a slight decrease. The growth pace was the most rapid in 2017 when the production volume increased by 23%. The level of production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Copper Bars, Wire And Plates

Exports in MERCOSUR

Copper bars, wire and plates exports soared to X tons in 2021, increasing by 25% against the previous year's figure. Over the period under review, exports, however, saw a relatively flat trend pattern. The volume of export peaked at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, copper bars, wire and plates exports surged to $X in 2021. Overall, exports recorded a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The biggest shipments were from Peru (X tons), Brazil (X tons) and Chile (X tons), together reaching 99% of total export.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Brazil (with a CAGR of +3.5%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Peru ($X), Brazil ($X) and Chile ($X) constituted the countries with the highest levels of exports in 2021, with a combined 99% share of total exports.

Among the main exporting countries, Brazil, with a CAGR of +4.4%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2021, the export price in MERCOSUR amounted to $X per ton, growing by 42% against the previous year. Export price indicated a slight expansion from 2012 to 2021: its price increased at an average annual rate of +1.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, copper bars, wire and plates export price increased by +47.6% against 2019 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Peru ($X per ton), while Brazil ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Peru (+1.5%), while the other leaders experienced more modest paces of growth.

Imports of Copper Bars, Wire And Plates

Imports in MERCOSUR

In 2021, purchases abroad of copper bars, wire and plates increased by 24% to X tons for the first time since 2014, thus ending a six-year declining trend. Over the period under review, imports, however, saw a relatively flat trend pattern. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, copper bars, wire and plates imports soared to $X in 2021. Overall, imports continue to indicate a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Colombia (X tons) and Argentina (X tons) represented the major importers of copper bars, wire and plates in 2021, recording approx. 35% and 30% of total imports, respectively. Brazil (X tons) held the next position in the ranking, distantly followed by Ecuador (X tons). All these countries together held approx. 22% share of total imports. The following importers - Paraguay (X tons), Chile (X tons) and Venezuela (X tons) - each amounted to an 8.8% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Chile (with a CAGR of +5.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest copper bars, wire and plates importing markets in MERCOSUR were Colombia ($X), Argentina ($X) and Brazil ($X), together comprising 82% of total imports.

Argentina, with a CAGR of +6.2%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in MERCOSUR amounted to $X per ton, increasing by 41% against the previous year. Import price indicated a modest expansion from 2012 to 2021: its price increased at an average annual rate of +1.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, copper bars, wire and plates import price increased by +31.0% against 2018 indices. 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 importing countries. In 2021, major importing countries recorded the following prices: in Brazil ($X per ton) and Venezuela ($X per ton), while Chile ($X per ton) and Ecuador ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+2.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform