Southern Asia: Copper Wire Market 2024

Copper Wire Market Size in Southern Asia

In 2021, the South Asian copper wire market decreased by -2.1% to $X, falling for the second consecutive year after three years of growth. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Copper Wire Production in Southern Asia

In value terms, copper wire production reduced to $X in 2021 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 10% against the previous year. Over the period under review, production reached the peak level at $X in 2020, and then shrank slightly in the following year.

Copper Wire Exports

Exports in Southern Asia

In 2021, overseas shipments of copper wire increased by 45% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports continue to indicate a notable expansion. The most prominent rate of growth was recorded in 2015 with an increase of 93%. The volume of export peaked at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, copper wire exports soared to $X in 2021. Overall, exports enjoyed a strong increase. The most prominent rate of growth was recorded in 2017 when exports increased by 80%. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

India was the main exporting country with an export of around X tons, which resulted at 71% of total exports. Bangladesh (X tons) took an 18% share (based on physical terms) of total exports, which put it in second place, followed by Pakistan (6.1%) and Sri Lanka (4.8%).

From 2012 to 2021, average annual rates of growth with regard to copper wire exports from India stood at +7.5%. At the same time, Bangladesh (+18.7%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of +18.7% from 2012-2021. Pakistan experienced a relatively flat trend pattern. By contrast, Sri Lanka (-1.8%) illustrated a downward trend over the same period. From 2012 to 2021, the share of India and Bangladesh increased by +22 and +13 percentage points, respectively.

In value terms, India ($X) remains the largest copper wire supplier in Southern Asia, comprising 75% of total exports. The second position in the ranking was taken by Bangladesh ($X), with a 16% share of total exports. It was followed by Pakistan, with a 4.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value in India amounted to +9.8%. The remaining exporting countries recorded the following average annual rates of exports growth: Bangladesh (+19.0% per year) and Pakistan (+4.7% per year).

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2021, rising by 24% against the previous year. Export price indicated notable growth from 2012 to 2021: its price increased at an average annual rate of +3.1% 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 +65.7% against 2016 indices. The most prominent rate of growth was recorded in 2013 an increase of 44%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in India ($X per ton) and Bangladesh ($X per ton), while Sri Lanka ($X per ton) and Pakistan ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Pakistan (+4.2%), while the other leaders experienced more modest paces of growth.

Copper Wire Imports

Imports in Southern Asia

After two years of decline, purchases abroad of copper wire increased by 22% to X tons in 2021. Overall, imports posted strong growth. The most prominent rate of growth was recorded in 2013 with an increase of 45% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, copper wire imports skyrocketed to $X in 2021. Over the period under review, imports saw a strong increase. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

India prevails in imports structure, recording X tons, which was approx. 84% of total imports in 2021. Sri Lanka (X tons) took the second position in the ranking, followed by Nepal (X tons). All these countries together took approx. 12% share of total imports. Bangladesh (X tons) and Pakistan (X tons) followed a long way behind the leaders.

Imports into India increased at an average annual rate of +11.3% from 2012 to 2021. At the same time, Pakistan (+21.1%) and Nepal (+9.4%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +21.1% from 2012-2021. Bangladesh and Sri Lanka experienced a relatively flat trend pattern. While the share of India (+16 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Bangladesh (-2.8 p.p.) and Sri Lanka (-7.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported copper wire in Southern Asia, comprising 83% of total imports. The second position in the ranking was held by Sri Lanka ($X), with a 7.5% share of total imports. It was followed by Nepal, with a 5.2% share.

From 2012 to 2021, the average annual growth rate of value in India totaled +12.1%. The remaining importing countries recorded the following average annual rates of imports growth: Sri Lanka (+2.4% per year) and Nepal (+10.4% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2021, growing by 36% against the previous year. Over the last nine years, it increased at an average annual rate of +1.0%. As a result, import price reached 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 Sri Lanka ($X per ton) and Pakistan ($X per ton), while Bangladesh ($X per ton) and India ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform