Thailand: Copper Wire Market 2025

Copper Wire Market Size in Thailand

The Thai copper wire market rose markedly to $X in 2021, increasing by 15% against the previous year. In general, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2012; afterwards, it flattened through to 2021.

Copper Wire Production in Thailand

In value terms, copper wire production stood at $X in 2021 estimated in export price. Over the period under review, the total production indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +3.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -5.4% against 2018 indices. The most prominent rate of growth was recorded in 2018 with an increase of 19%. As a result, production reached the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Copper Wire Exports

Exports from Thailand

After three years of decline, overseas shipments of copper wire increased by 5.3% to X tons in 2021. Over the period under review, exports showed a significant expansion. The pace of growth was the most pronounced in 2016 when exports increased by 155%. The exports 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. In general, exports saw a significant increase. The most prominent rate of growth was recorded in 2016 when exports increased by 118% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Vietnam (X tons), India (X tons) and the Philippines (X tons) were the main destinations of copper wire exports from Thailand, with a combined 79% share of total exports.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +81.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for copper wire exported from Thailand were Vietnam ($X), India ($X) and the Philippines ($X), together accounting for 79% of total exports. China, Malaysia, Indonesia and Japan lagged somewhat behind, together accounting for a further 20%.

Malaysia, with a CAGR of +90.8%, recorded the highest rates of growth with regard to 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 copper wire export price stood at $X per ton in 2021, rising by 45% against the previous year. In general, the export price recorded a mild expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major export markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Japan ($X per ton) and Malaysia ($X per ton), while the average price for exports to Indonesia ($X per ton) and India ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+15.0%), while the prices for the other major destinations experienced more modest paces of growth.

Copper Wire Imports

Imports into Thailand

In 2021, the amount of copper wire imported into Thailand soared to X tons, picking up by 70% on the year before. Overall, imports recorded noticeable growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, copper wire imports surged to $X in 2021. In general, imports recorded perceptible growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Vietnam (X tons), China (X tons) and Indonesia (X tons) were the main suppliers of copper wire imports to Thailand, together comprising 73% 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, the largest copper wire suppliers to Thailand were Vietnam ($X), China ($X) and Indonesia ($X), together accounting for 70% of total imports.

In terms of the main suppliers, Vietnam, with a CAGR of +37.7%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average copper wire import price amounted to $X per ton, picking up by 35% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.6%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Japan ($X per ton) and Malaysia ($X per ton), while the price for Vietnam ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+2.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform