U.S.: Market for Copper Bars, Rods and Profiles 2024

Market Size for Copper Bars, Rods and Profiles in the U.S.

The U.S. market for copper bars, rods and profiles totaled $X in 2022, with an increase of 7.4% against the previous year. In general, consumption, however, saw a relatively flat trend pattern. Copper bar, rod and profile consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Production of Copper Bars, Rods and Profiles in the U.S.

In value terms, copper bar, rod and profile production amounted to $X in 2022. Overall, production, however, continues to indicate a slight shrinkage. The pace of growth appeared the most rapid in 2020 when the production volume increased by 19%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Exports of Copper Bars, Rods and Profiles

Exports from the U.S.

Copper bar, rod and profile exports from the United States shrank to X tons in 2022, waning by -12.1% on the previous year's figure. Overall, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 19% against the previous year. As a result, the exports reached the peak of X tons, and then fell in the following year.

In value terms, copper bar, rod and profile exports expanded remarkably to $X in 2022. Over the period under review, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 38% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Canada (X tons), Mexico (X tons) and Germany (X tons) were the main destinations of copper bar, rod and profile exports from the United States, together accounting for 85% of total exports. China and Brazil lagged somewhat behind, together comprising a further 3.3%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Brazil (with a CAGR of +14.9%), while the other leaders experienced more modest paces of growth.

In value terms, Canada ($X), Mexico ($X) and Germany ($X) appeared to be the largest markets for copper bar, rod and profile exported from the United States worldwide, together accounting for 75% of total exports. China and Brazil lagged somewhat behind, together comprising a further 5%.

Brazil, with a CAGR of +13.3%, saw 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

In 2022, the average export price for copper bars, rods and profiles amounted to $X per ton, with an increase of 21% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+3.8%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Copper Bars, Rods and Profiles

Imports into the U.S.

In 2022, overseas purchases of copper bars, rods and profiles increased by 14% to X tons, rising for the second consecutive year after two years of decline. In general, imports, however, saw a mild curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 21% against the previous year. Over the period under review, imports reached the maximum at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, copper bar, rod and profile imports soared to $X in 2022. Overall, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 56%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

Peru (X tons), Brazil (X tons) and Mexico (X tons) were the main suppliers of copper bar, rod and profile imports to the United States, with a combined 44% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Brazil (with a CAGR of +23.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest copper bar, rod and profile suppliers to the United States were Peru ($X), Mexico ($X) and Brazil ($X), with a combined 41% share of total imports.

Brazil, with a CAGR of +22.3%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for copper bars, rods and profiles amounted to $X per ton, with an increase of 8.8% against the previous year. Over the last decade, it increased at an average annual rate of +1.8%. The most prominent rate of growth was recorded in 2021 an increase of 29% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for South Africa ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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