Peru: Market for Copper Bars, Wire And Plates 2024

Market Size for Copper Bars, Wire And Plates in Peru

The Peruvian market for copper bars, wire and plates fell to $X in 2021, waning by -10.6% against the previous year. Overall, consumption showed a perceptible descent. The most prominent rate of growth was recorded in 2017 with an increase of 8.1%. Copper bars, wire and plates consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Copper Bars, Wire And Plates in Peru

In value terms, copper bars, wire and plates production reduced slightly to $X in 2021 estimated in export price. Overall, production continues to indicate a noticeable decline. The most prominent rate of growth was recorded in 2017 with an increase of 12% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Copper Bars, Wire And Plates

Exports from Peru

In 2021, overseas shipments of copper bars, wire and plates were finally on the rise to reach X tons after three years of decline. The total export volume increased at an average annual rate of +1.5% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. Over the period under review, the exports attained the maximum at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, copper bars, wire and plates exports surged to $X in 2021. In general, total exports indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +3.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Colombia (X tons), the United States (X tons) and Ecuador (X tons) were the main destinations of copper bars, wire and plates exports from Peru, together comprising 78% of total exports. These countries were followed by Venezuela, Brazil, Taiwan (Chinese), Mexico and Argentina, which together accounted for a further 15%.

From 2012 to 2021, the biggest increases were recorded for Brazil (with a CAGR of +9.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for copper bars, wire and plates exported from Peru were Colombia ($X), the United States ($X) and Ecuador ($X), with a combined 79% share of total exports. Venezuela, Brazil, Taiwan (Chinese), Mexico and Argentina lagged somewhat behind, together accounting for a further 15%.

Brazil, with a CAGR of +12.2%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for copper bars, wire and plates stood at $X per ton in 2021, growing by 42% against the previous year. In general, export price indicated mild growth from 2012 to 2021: its price increased at an average annual rate of +1.5% 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 export price increased by +37.0% against 2018 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major overseas markets. In 2021, amid the top suppliers, the highest price was recorded for prices to the United States ($X per ton) and Taiwan (Chinese) ($X per ton), while the average price for exports to Argentina ($X per ton) and Ecuador ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+2.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper Bars, Wire And Plates

Imports into Peru

In 2021, imports of copper bars, wire and plates into Peru soared to X tons, jumping by 41% against the previous year. Overall, imports, however, showed a noticeable decline. The pace of growth was the most pronounced in 2018 with an increase of 186%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, copper bars, wire and plates imports surged to $X in 2021. In general, imports, however, recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 when imports increased by 154%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Brazil (X tons) constituted the largest supplier of copper bars, wire and plates to Peru, accounting for a 54% share of total imports. Moreover, copper bars, wire and plates imports from Brazil exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), fivefold. Italy (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Brazil stood at +36.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+14.6% per year) and Italy (+39.9% per year).

In value terms, Brazil ($X) constituted the largest supplier of copper bars, wire and plates to Peru, comprising 49% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 14% share of total imports. It was followed by Italy, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Brazil stood at +33.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+17.7% per year) and Italy (+42.7% per year).

Import Prices by Country

In 2021, the average import price for copper bars, wire and plates amounted to $X per ton, surging by 23% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Chile ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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