Pakistan: Market for Copper Bars, Rods and Profiles 2024

Market Size for Copper Bars, Rods and Profiles in Pakistan

The Pakistani market for copper bars, rods and profiles rose markedly to $X in 2022, picking up by 12% against the previous year. Over the period under review, the total consumption indicated slight growth from 2012 to 2022: its value increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -5.1% against 2020 indices. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Production of Copper Bars, Rods and Profiles in Pakistan

In value terms, copper bar, rod and profile production rose remarkably to $X in 2022 estimated in export price. Overall, the total production indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -7.5% against 2020 indices. The most prominent rate of growth was recorded in 2016 with an increase of 64%. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

Exports of Copper Bars, Rods and Profiles

Exports from Pakistan

After five years of growth, shipments abroad of copper bars, rods and profiles decreased by -70.6% to X tons in 2022. Over the period under review, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2017 with an increase of 766% against the previous year. The exports peaked at X tons in 2021, and then contracted sharply in the following year.

In value terms, copper bar, rod and profile exports dropped markedly to $X in 2022. Overall, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2017 when exports increased by 707%. Over the period under review, the exports hit record highs at $X in 2021, and then reduced remarkably in the following year.

Exports by Country

China (X tons) was the main destination for copper bar, rod and profile exports from Pakistan, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to China stood at +118.3%.

In value terms, China ($X) also remains the key foreign market for copper bars, rods and profiles exports from Pakistan.

From 2012 to 2022, the average annual rate of growth in terms of value to China stood at +129.6%.

Export Prices by Country

The average export price for copper bars, rods and profiles stood at $X per ton in 2022, increasing by 18% against the previous year. Over the last decade, it increased at an average annual rate of +6.1%. The most prominent rate of growth was recorded in 2013 an increase of 41%. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to see steady growth in the near future.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for Hong Kong SAR amounted to +19.8% per year.

Imports of Copper Bars, Rods and Profiles

Imports into Pakistan

In 2022, overseas purchases of copper bars, rods and profiles increased by 18% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports, however, showed a slight contraction. The most prominent rate of growth was recorded in 2021 with an increase of 86%. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, copper bar, rod and profile imports soared to $X in 2022. In general, imports recorded a mild increase. The most prominent rate of growth was recorded in 2021 when imports increased by 151% against the previous year. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Malaysia (X tons), Japan (X tons) and the United States (X tons) were the main suppliers of copper bar, rod and profile imports to Pakistan, together accounting for 79% of total imports. The United Arab Emirates, Indonesia, Taiwan (Chinese) and China lagged somewhat behind, together accounting for a further 16%.

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of +123.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), Japan ($X) and the United States ($X) appeared to be the largest copper bar, rod and profile suppliers to Pakistan, with a combined 81% share of total imports. The United Arab Emirates, Indonesia, China and Taiwan (Chinese) lagged somewhat behind, together comprising a further 13%.

Among the main suppliers, Indonesia, with a CAGR of +118.7%, 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 average import price for copper bars, rods and profiles amounted to $X per ton, rising by 6.2% against the previous year. Over the period under review, import price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, copper bar, rod and profile import price increased by +43.5% against 2020 indices. The pace of growth was the most pronounced in 2017 when the average import price increased by 45%. The import price peaked in 2022 and is likely to see steady growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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