South-Eastern Asia: Copper Wire Market 2024

Copper Wire Market Size in South-Eastern Asia

The Southeast Asian copper wire market expanded slightly to $X in 2021, increasing by 1.8% against the previous year. Over the period under review, consumption, however, continues to indicate a slight slump. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Copper Wire Production in South-Eastern Asia

In value terms, copper wire production expanded modestly to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a mild downturn. The pace of growth appeared the most rapid in 2017 when the production volume increased by 42%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Copper Wire Exports

Exports in South-Eastern Asia

In 2021, after two years of decline, there was significant growth in shipments abroad of copper wire, when their volume increased by 40% to X tons. Total exports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +7.3% 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.

In value terms, copper wire exports soared to $X in 2021. Overall, exports enjoyed a buoyant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Malaysia (X tons), Thailand (X tons) and Indonesia (X tons) represented roughly 82% of total exports in 2021. It was distantly followed by Vietnam (X tons), mixing up a 13% share of total exports. Singapore (X tons) and the Philippines (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Thailand (with a CAGR of +37.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest copper wire supplying countries in South-Eastern Asia were Malaysia ($X), Thailand ($X) and Indonesia ($X), with a combined 81% share of total exports.

Thailand, with a CAGR of +39.2%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in South-Eastern Asia amounted to $X per ton, with an increase of 39% against the previous year. Export price indicated modest growth from 2012 to 2021: its price increased at an average annual rate of +1.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, copper wire export price increased by +37.1% against 2018 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+2.4%), while the other leaders experienced more modest paces of growth.

Copper Wire Imports

Imports in South-Eastern Asia

In 2021, imports of copper wire in South-Eastern Asia skyrocketed to X tons, surging by 35% compared with the previous year's figure. Total imports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +6.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +30.3% against 2018 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, copper wire imports skyrocketed to $X in 2021. Over the period under review, imports saw a strong expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Vietnam (X tons), Thailand (X tons) and the Philippines (X tons) was the key importer of copper wire in South-Eastern Asia, committing 70% of total import. It was distantly followed by Malaysia (X tons), Singapore (X tons) and Indonesia (X tons), together making up a 26% share of total imports. Cambodia (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Cambodia (with a CAGR of +44.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest copper wire importing markets in South-Eastern Asia were Vietnam ($X), Thailand ($X) and the Philippines ($X), together comprising 72% of total imports. These countries were followed by Malaysia, Singapore, Indonesia and Cambodia, which together accounted for a further 27%.

Cambodia, with a CAGR of +44.5%, recorded the highest rates of growth with regard to 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

In 2021, the import price in South-Eastern Asia amounted to $X per ton, with an increase of 36% against the previous year. In general, the import price recorded a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Thailand ($X per ton) and Vietnam ($X per ton), while Indonesia ($X per ton) and the Philippines ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+1.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform