Puerto Rico: Market for Copper Bars, Wire And Plates 2024

Market Size for Copper Bars, Wire And Plates in Puerto Rico

The Puerto Rican market for copper bars, wire and plates was finally on the rise to reach $X in 2021, after five years of decline. Overall, consumption, however, continues to indicate a noticeable slump. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Copper Bars, Wire And Plates in Puerto Rico

In value terms, copper bars, wire and plates production reached $X in 2021 estimated in export price. In general, production, however, showed a deep slump. The growth pace was the most rapid in 2015 with an increase of 34%. As a result, production reached the peak level of $X. From 2016 to 2021, production growth failed to regain momentum.

Exports of Copper Bars, Wire And Plates

Exports from Puerto Rico

In 2021, the amount of copper bars, wire and plates exported from Puerto Rico amounted to less than X kg, stabilizing at the year before. Over the period under review, exports recorded a relatively flat trend pattern.

In value terms, copper bars, wire and plates exports stood at less than $X in 2021. In general, exports saw a relatively flat trend pattern.

Exports by Country

In 2021, Germany (X tons), distantly followed by the United Arab Emirates (X tons), Italy (X tons), the United States (X tons), Russia (X tons) and Belgium (X tons) represented the key exporters of copper bars, wire and plates, together comprising 42% of total exports. The following exporters - South Korea (X tons), Poland (X tons), Japan (X tons), Canada (X tons), France (X tons), China (X tons) and Spain (X tons) - each amounted to a 27% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to copper bars, wire and plates exports from Germany stood at +1.3%. At the same time, China (+14.1%), the United Arab Emirates (+7.5%), Canada (+4.1%), Japan (+3.2%), Poland (+2.7%), Belgium (+2.3%) and Italy (+1.5%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing exporter exported in the world, with a CAGR of +14.1% from 2012-2021. Spain, South Korea, the United States and France experienced a relatively flat trend pattern. By contrast, Russia (-7.1%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China and the United Arab Emirates increased by +2.4 and +2.4 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) remains the largest copper bars, wire and plates supplier from Puerto Rico, comprising 18% of global exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 5.9% share of global exports. It was followed by Japan, with a 5.4% share.

From 2012 to 2021, the average annual growth rate of value in Germany stood at +2.6%. In the other countries, the average annual rates were as follows: the United Arab Emirates (+9.8% per year) and Japan (+3.6% per year).

Export Prices by Country

In 2021, the export price in Puerto Rico amounted to less than $X per ton, leveling off at the previous year. Overall, the export price saw a relatively flat trend pattern.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+2.2%), while the other leaders experienced more modest paces of growth.

Imports of Copper Bars, Wire And Plates

Imports into Puerto Rico

Copper bars, wire and plates imports into Puerto Rico totaled less than X kg in 2021, leveling off at the previous year's figure. In general, imports saw a relatively flat trend pattern.

In value terms, copper bars, wire and plates imports totaled less than $X in 2021. Over the period under review, imports recorded a relatively flat trend pattern.

Imports by Country

The countries with the highest levels of copper bars, wire and plates imports in 2021 were the United States (X tons), China (X tons), Italy (X tons), Germany (X tons), France (X tons), Mexico (X tons), India (X tons), the Czech Republic (X tons), Thailand (X tons), Vietnam (X tons), Saudi Arabia (X tons) and Poland (X tons), together amounting to 49% of total import. Turkey (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +14.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), China ($X) and Italy ($X) constituted the countries with the highest levels of imports in 2021, with a combined 21% share of total imports. These countries were followed by Germany, France, Mexico, Thailand, India, the Czech Republic, Vietnam, Saudi Arabia, Turkey and Poland, which together accounted for a further 31%.

Vietnam, with a CAGR of +15.4%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Puerto Rico stood at less than $X per ton in 2021, standing approx. at the previous year. Overall, the import price saw a relatively flat trend pattern.

Average prices varied noticeably amongst the major importing countries. In 2021, major importing countries recorded the following prices: in China ($X per ton) and Thailand ($X per ton), while Italy ($X per ton) and France ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+1.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :