U.S.: Copper Foil Market 2024

Copper Foil Market Size in the U.S.

In 2022, the U.S. copper foil market increased by 21% to $X, rising for the second consecutive year after three years of decline. Over the period under review, consumption, however, showed a pronounced contraction. Copper foil consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Copper Foil Production in the U.S.

In value terms, copper foil production reached $X in 2022. In general, production, however, showed a abrupt slump. The most prominent rate of growth was recorded in 2017 when the production volume increased by 15% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Copper Foil Exports

Exports from the U.S.

In 2022, exports of copper foil from the United States soared to X tons, rising by 46% on 2021. Over the period under review, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2017 with an increase of 277%. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, copper foil exports stood at $X in 2022. Overall, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 23% against the previous year. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Mexico (X tons) was the main destination for copper foil exports from the United States, with a 33% share of total exports. Moreover, copper foil exports to Mexico exceeded the volume sent to the second major destination, Malaysia (X tons), twofold. The third position in this ranking was taken by Canada (X tons), with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Mexico totaled +66.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+60.5% per year) and Canada (+45.7% per year).

In value terms, the largest markets for copper foil exported from the United States were Mexico ($X), Hong Kong SAR ($X) and China ($X), with a combined 39% share of total exports. Malaysia, Germany, Canada, Taiwan (Chinese), South Korea, Thailand, France and Israel lagged somewhat behind, together accounting for a further 42%.

Thailand, with a CAGR of +57.1%, saw the highest growth rate of the value of exports, in terms of 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 foil export price stood at $X per ton in 2022, reducing by -30.1% against the previous year. In general, the export price showed a precipitous contraction. The growth pace was the most rapid in 2020 when the average export price increased by 26%. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Mexico ($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 Jordan (+46.5%), while the prices for the other major destinations experienced a decline.

Copper Foil Imports

Imports into the U.S.

Copper foil imports into the United States skyrocketed to X tons in 2022, growing by 45% against the previous year. In general, imports enjoyed prominent growth. The pace of growth was the most pronounced in 2018 when imports increased by 46%. Imports peaked in 2022 and are likely to continue growth in years to come.

In value terms, copper foil imports soared to $X in 2022. Overall, imports enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2017 when imports increased by 57%. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in years to come.

Imports by Country

South Korea (X tons), Japan (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of copper foil imports to the United States, with a combined 62% share of total imports. China, the Netherlands, Italy, India, Germany, Luxembourg and Mexico lagged somewhat behind, together accounting for a further 35%.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +60.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), Japan ($X) and Taiwan (Chinese) ($X) were the largest copper foil suppliers to the United States, together accounting for 68% of total imports.

Among the main suppliers, South Korea, with a CAGR of +44.5%, recorded the highest rates of growth with regard to 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

The average copper foil import price stood at $X per ton in 2022, increasing by 3.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.8%. The most prominent rate of growth was recorded in 2013 an increase of 48%. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for the Netherlands ($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 (+6.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform