Report Update Nov 1, 2024

Philippines - Copper; bars, rods and profiles - Market Analysis, Forecast, Size, Trends and Insights

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Philippines: Market for Copper Bars, Rods and Profiles 2024

Market Size for Copper Bars, Rods and Profiles in the Philippines

In 2022, the Philippine market for copper bars, rods and profiles increased by 66% to $X for the first time since 2017, thus ending a four-year declining trend. Over the period under review, consumption, however, showed a slight downturn. Copper bar, rod and profile consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Exports of Copper Bars, Rods and Profiles

Exports from the Philippines

In 2022, overseas shipments of copper bars, rods and profiles increased by 1,647% to X tons, rising for the second year in a row after two years of decline. In general, exports, however, recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 3,972%. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, copper bar, rod and profile exports skyrocketed to $X in 2022. Overall, exports continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 15,237% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Malaysia (X tons) was the main destination for copper bar, rod and profile exports from the Philippines, accounting for a approx. 99.9% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Malaysia amounted to +8.3%.

In value terms, Malaysia ($X) emerged as the key foreign market for copper bars, rods and profiles exports from the Philippines.

From 2012 to 2022, the average annual growth rate of value to Malaysia stood at +26.5%.

Export Prices by Country

In 2022, the average export price for copper bars, rods and profiles amounted to $X per ton, shrinking by -45.9% against the previous year. Overall, the export price, however, recorded a significant increase. The most prominent rate of growth was recorded in 2021 when the average export price increased by 277%. As a result, the export price attained the peak level of $X per ton, and then declined significantly in the following year.

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

From 2012 to 2022, the rate of growth in terms of prices for Thailand amounted to +26.3% per year.

Imports of Copper Bars, Rods and Profiles

Imports into the Philippines

In 2022, purchases abroad of copper bars, rods and profiles was finally on the rise to reach X tons for the first time since 2016, thus ending a five-year declining trend. In general, imports, however, saw a pronounced descent. The pace of growth was the most pronounced in 2016 when imports increased by 110%. As a result, imports reached the peak of X tons. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, copper bar, rod and profile imports soared to $X in 2022. Over the period under review, imports, however, continue to indicate a mild setback. The pace of growth appeared the most rapid in 2016 when imports increased by 103%. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

South Korea (X tons), China (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of copper bar, rod and profile imports to the Philippines, with a combined 82% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +53.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), Taiwan (Chinese) ($X) and China ($X) appeared to be the largest copper bar, rod and profile suppliers to the Philippines, together comprising 74% of total imports.

China, with a CAGR of +53.6%, saw the highest growth rate of the value of imports, among the main suppliers 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, declining by -17.1% against the previous year. In general, the import price, however, showed a measured increase. The pace of growth was the most pronounced in 2017 an increase of 40% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2021, and then reduced dramatically in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Thailand ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+21.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for copper; bars, rods and profiles in the world?

The country with the largest volume of copper; bars, rods and profiles consumption was China, accounting for 22% of total volume. Moreover, copper; bars, rods and profiles consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. India ranked third in terms of total consumption with an 8.9% share.

What are the largest producers of copper; bars, rods and profiles in the world?

China remains the largest copper; bars, rods and profiles producing country worldwide, accounting for 21% of total volume. Moreover, copper; bars, rods and profiles production in China exceeded the figures recorded by the second-largest producer, the United States, twofold. India ranked third in terms of total production with an 8.5% share.

What are the leading suppliers of copper; bars, rods and profiles to the Philippines?

In value terms, the largest copper; bars, rods and profiles suppliers to the Philippines were Taiwan Chinese), the United Arab Emirates and China, together accounting for 67% of total imports.

What are the leading importers of copper; bars, rods and profiles from the Philippines?

In value terms, the United States remains the key foreign market for copper; bars, rods and profiles exports from the Philippines, comprising 99% of total exports. The second position in the ranking was occupied by Singapore, with a 1.3% share of total exports.

What is the average export price for copper; bars, rods and profiles in the Philippines?

The average export price for copper; bars, rods and profiles stood at $85,437 per ton in 2021, growing by 1,453% against the previous year.

What is the average import price for copper; bars, rods and profiles in the Philippines?

The average import price for copper; bars, rods and profiles stood at $5,885 per ton in 2021, with a decrease of -9.7% against the previous year.

This report provides an in-depth analysis of the market for copper bar, rod and profile in the Philippines. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 24442200 - Copper and copper alloy bars, rods, profiles and hollow profiles (excluding bars and rods obtained by casting or sintering, copper wire rod in coils)

Country coverage:

Philippines

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the Philippines
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023