Southern Asia: Market for Copper Bars, Rods and Profiles 2024

Market Size for Copper Bars, Rods and Profiles in Southern Asia

The South Asian market for copper bars, rods and profiles totaled $X in 2022, almost unchanged from the previous year. The market value increased at an average annual rate of +1.6% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 9% against the previous year. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Copper Bars, Rods and Profiles in Southern Asia

In value terms, copper bar, rod and profile production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.1% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when the production volume increased by 11%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Copper Bars, Rods and Profiles

Exports in Southern Asia

Copper bar, rod and profile exports dropped sharply to X tons in 2022, with a decrease of -25.1% compared with the previous year. Over the period under review, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 39% against the previous year. The volume of export peaked at X tons in 2021, and then declined sharply in the following year.

In value terms, copper bar, rod and profile exports contracted to $X in 2022. Overall, exports, however, showed a moderate increase. The most prominent rate of growth was recorded in 2021 with an increase of 47%. As a result, the exports attained the peak of $X, and then contracted in the following year.

Exports by Country

In 2022, India (X tons) was the key exporter of copper bars, rods and profiles, making up 78% of total exports. It was distantly followed by Pakistan (X tons), creating a 22% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to copper bar, rod and profile exports from India stood at -1.5%. At the same time, Pakistan (+57.6%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of +57.6% from 2012-2022. Pakistan (+22 p.p.) significantly strengthened its position in terms of the total exports, while India saw its share reduced by -18.3% from 2012 to 2022, respectively.

In value terms, India ($X) remains the largest copper bar, rod and profile supplier in Southern Asia, comprising 84% of total exports. The second position in the ranking was taken by Pakistan ($X), with a 16% share of total exports.

In India, copper bar, rod and profile exports expanded at an average annual rate of +1.2% over the period from 2012-2022.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2022, picking up by 27% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.9%. 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 2022, amid the top suppliers, the country with the highest price was India ($X per ton), while Pakistan amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+6.1%).

Imports of Copper Bars, Rods and Profiles

Imports in Southern Asia

In 2022, purchases abroad of copper bars, rods and profiles increased by 2.4% to X tons, rising for the second consecutive year after seven years of decline. Overall, imports, however, saw a deep downturn. The pace of growth was the most pronounced in 2013 when imports increased by 29% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, copper bar, rod and profile imports rose significantly to $X in 2022. In general, imports, however, showed a abrupt decline. The most prominent rate of growth was recorded in 2021 when imports increased by 42% against the previous year. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

India was the major importing country with an import of about X tons, which reached 74% of total imports. Bangladesh (X tons) took a 13% share (based on physical terms) of total imports, which put it in second place, followed by Pakistan (9.7%). Sri Lanka (X tons) took a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to copper bar, rod and profile imports into India stood at -10.3%. At the same time, Bangladesh (+7.4%) and Sri Lanka (+3.4%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +7.4% from 2012-2022. Pakistan experienced a relatively flat trend pattern. From 2012 to 2022, the share of Bangladesh, Pakistan and Sri Lanka increased by +10, +5.2 and +1.9 percentage points, respectively.

In value terms, India ($X) constitutes the largest market for imported copper bars, rods and profiles in Southern Asia, comprising 76% of total imports. The second position in the ranking was held by Pakistan ($X), with a 10% share of total imports. It was followed by Bangladesh, with a 10% share.

From 2012 to 2022, the average annual growth rate of value in India totaled -8.4%. In the other countries, the average annual rates were as follows: Pakistan (+1.5% per year) and Bangladesh (+6.2% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2022, rising by 6.4% against the previous year. Import price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.8% 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 +45.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 36%. Over the period under review, import prices hit record highs in 2022 and is likely to see gradual growth in the near future.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Pakistan ($X per ton) and Sri Lanka ($X per ton), while Bangladesh ($X per ton) and India ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+2.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :