Northern America: Market for Copper Bars, Rods and Profiles 2024

Market Size for Copper Bars, Rods and Profiles in Northern America

The North American market for copper bars, rods and profiles expanded notably to $X in 2022, surging by 6.3% against the previous year. Over the period under review, consumption, however, saw a relatively flat trend pattern. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Production of Copper Bars, Rods and Profiles in Northern America

In value terms, copper bar, rod and profile production totaled $X in 2022 estimated in export price. Overall, production, however, showed a slight downturn. The most prominent rate of growth was recorded in 2020 with an increase of 19%. The level of production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Exports of Copper Bars, Rods and Profiles

Exports in Northern America

In 2022, approx. X tons of copper bars, rods and profiles were exported in Northern America; with a decrease of -11.9% compared with the previous year's figure. Overall, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 19% against the previous year. As a result, the exports attained the peak of X tons, and then fell in the following year.

In value terms, copper bar, rod and profile exports rose sharply to $X in 2022. In general, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 38% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

The United States prevails in exports structure, amounting to X tons, which was approx. 97% of total exports in 2022. Canada (X tons) held a minor share of total exports.

The United States experienced a relatively flat trend pattern with regard to volume of exports of copper bars, rods and profiles. Canada (-7.7%) illustrated a downward trend over the same period. While the share of the United States (+3.3 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Canada (-3.3 p.p.) displayed negative dynamics.

In value terms, the United States ($X) remains the largest copper bar, rod and profile supplier in Northern America, comprising 98% of total exports. The second position in the ranking was held by Canada ($X), with a 2.2% share of total exports.

From 2012 to 2022, the average annual growth rate of value in the United States was relatively modest.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2022, jumping by 20% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. Over the period under review, the export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while Canada stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+0.3%).

Imports of Copper Bars, Rods and Profiles

Imports in Northern America

In 2022, supplies from abroad of copper bars, rods and profiles increased by 6.1% to X tons, rising for the second consecutive year after two years of decline. Overall, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when imports increased by 37% against the previous year. Over the period under review, imports attained the maximum 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 skyrocketed to $X in 2022. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 55% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, the United States (X tons) represented the major importer of copper bars, rods and profiles, creating 70% of total imports. It was distantly followed by Canada (X tons), mixing up a 30% share of total imports.

The United States experienced a relatively flat trend pattern with regard to volume of imports of copper bars, rods and profiles. Canada experienced a relatively flat trend pattern. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported copper bars, rods and profiles in Northern America, comprising 74% of total imports. The second position in the ranking was held by Canada ($X), with a 26% share of total imports.

In the United States, copper bar, rod and profile imports remained relatively stable over the period from 2012-2022.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2022, growing by 15% against the previous year. Over the last decade, it increased at an average annual rate of +1.4%. The most prominent rate of growth was recorded in 2021 when the import price increased by 27%. Over the period under review, import prices hit record highs in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while Canada stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+1.8%).

Source: IndexBox Platform

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