Thailand: Market for Copper Bars, Wire And Plates 2024

Market Size for Copper Bars, Wire And Plates in Thailand

In 2021, the Thai market for copper bars, wire and plates increased by 0.6% to $X, rising for the second consecutive year after two years of decline. Overall, consumption showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Copper Bars, Wire And Plates in Thailand

In value terms, copper bars, wire and plates production dropped slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.1% from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when the production volume increased by 23%. As a result, production attained the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Exports of Copper Bars, Wire And Plates

Exports from Thailand

In 2021, overseas shipments of copper bars, wire and plates increased by 8.9% to X tons, rising for the second year in a row after two years of decline. In general, exports recorded prominent growth. The growth pace was the most rapid in 2016 with an increase of 59% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, copper bars, wire and plates exports skyrocketed to $X in 2021. Over the period under review, exports enjoyed resilient growth. The most prominent rate of growth was recorded in 2017 with an increase of 54%. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in the near future.

Exports by Country

Vietnam (X tons), India (X tons) and China (X tons) were the main destinations of copper bars, wire and plates exports from Thailand, together accounting for 57% of total exports.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +38.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), India ($X) and the Philippines ($X) were the largest markets for copper bars, wire and plates exported from Thailand worldwide, with a combined 56% share of total exports.

Vietnam, with a CAGR of +39.8%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for copper bars, wire and plates stood at $X per ton in 2021, surging by 40% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+1.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper Bars, Wire And Plates

Imports into Thailand

In 2021, approx. X tons of copper bars, wire and plates were imported into Thailand; with an increase of 30% compared with the previous year's figure. The total import volume increased at an average annual rate of +2.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, copper bars, wire and plates imports soared to $X in 2021. Overall, total imports indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +4.2% 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 +48.4% against 2018 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Japan (X tons), Vietnam (X tons) and China (X tons) were the main suppliers of copper bars, wire and plates imports to Thailand, together comprising 66% of total imports.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +35.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) constituted the largest supplier of copper bars, wire and plates to Thailand, comprising 34% of total imports. The second position in the ranking was taken by Vietnam ($X), with a 17% share of total imports. It was followed by China, with a 17% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Japan totaled +7.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+37.7% per year) and China (+8.1% per year).

Import Prices by Country

In 2021, the average import price for copper bars, wire and plates amounted to $X per ton, surging by 36% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.5%. 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 supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Japan ($X per ton) and Indonesia ($X per ton), while the price for South Korea ($X per ton) and Malaysia ($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 (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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