Nepal: Market for Copper Bars, Rods and Profiles 2025

Market Size for Copper Bars, Rods and Profiles in Nepal

The Nepalese market for copper bars, rods and profiles soared to $X in 2022, growing by 19% against the previous year. In general, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Copper Bars, Rods and Profiles in Nepal

In value terms, copper bar, rod and profile production soared to $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 153% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Exports of Copper Bars, Rods and Profiles

Exports from Nepal

After two years of growth, shipments abroad of copper bars, rods and profiles decreased by -37.5% to X tons in 2022. Over the period under review, exports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2020 with an increase of 93%. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, copper bar, rod and profile exports soared to $X in 2022. In general, exports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2020 with an increase of 484% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

China (X tons) was the main destination for copper bar, rod and profile exports from Nepal, accounting for a 85% share of total exports. Moreover, copper bar, rod and profile exports to China exceeded the volume sent to the second major destination, France (X kg), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to China stood at -8.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+278.0% per year) and India (-28.0% per year).

In value terms, the largest markets for copper bar, rod and profile exported from Nepal were China ($X), France ($X) and India ($X), together comprising 98% of total exports.

France, with a CAGR of +260.6%, 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 mixed trend patterns.

Export Prices by Country

In 2022, the average export price for copper bars, rods and profiles amounted to $X per ton, growing by 109% against the previous year. In general, the export price showed a resilient increase. The most prominent rate of growth was recorded in 2020 an increase of 202% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to China ($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 China (+14.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Copper Bars, Rods and Profiles

Imports into Nepal

In 2022, approx. X tons of copper bars, rods and profiles were imported into Nepal; declining by -38% compared with 2021. In general, imports, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 316% against the previous year. As a result, imports attained the peak of X tons, and then fell dramatically in the following year.

In value terms, copper bar, rod and profile imports reduced dramatically to $X in 2022. Over the period under review, imports, however, saw prominent growth. The pace of growth appeared the most rapid in 2021 when imports increased by 475%. As a result, imports attained the peak of $X, and then reduced notably in the following year.

Imports by Country

In 2022, India (X tons) was the main supplier of copper bar, rod and profile to Nepal, with a 93% share of total imports. Moreover, copper bar, rod and profile imports from India exceeded the figures recorded by the second-largest supplier, China (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from India stood at +12.0%.

In value terms, India ($X) constituted the largest supplier of copper bars, rods and profiles to Nepal, comprising 96% of total imports. The second position in the ranking was taken by China ($X), with a 1.7% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from India totaled +18.5%.

Import Prices by Country

The average import price for copper bars, rods and profiles stood at $X per ton in 2022, waning by -5.3% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 38% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($X per ton), while the price for China totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+5.8%).

Source: IndexBox Platform