Australia - Copper Bars, Wire And Plates - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Copper Bars, Wire and Plates in Australia - 2023
Contents:
- Price for Copper Bars, Wire and Plates in Australia (CIF) - 2022
- Price for Copper Bars, Wire and Plates in Australia (FOB) - 2023
- Imports of Copper Bars, Wire and Plates in Australia
- Exports of Copper Bars, Wire and Plates in Australia
Price for Copper Bars, Wire and Plates in Australia (CIF) - 2022
In 2022, the average import price for copper bars, wire and plates amounted to $9,569 per ton, remaining stable against the previous year. Overall, import price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, copper bars, wire and plates import price increased by +36.5% against 2018 indices. The pace of growth appeared the most rapid in 2021 an increase of 44% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Taiwan (Chinese) ($12,506 per ton) and South Korea ($11,622 per ton), while the price for Indonesia ($8,510 per ton) and the United Arab Emirates ($9,120 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+16.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Copper Bars, Wire and Plates in Australia (FOB) - 2023
The average export price for copper bars, wire and plates stood at $4,928 per ton in August 2023, falling by -20.1% against the previous month. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2023 when the average export price increased by 120% month-to-month. As a result, the export price attained the peak level of $14,906 per ton. From February 2023 to August 2023, the the average export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was New Zealand ($11,346 per ton), while the average price for exports to Thailand ($2,124 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to New Zealand (+2.8%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Copper Bars, Wire and Plates in Australia
In 2022, approx. 50K tons of copper bars, wire and plates were imported into Australia; falling by -8.1% against 2021 figures. Over the period under review, imports recorded a pronounced shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 7.3%.
In value terms, copper bars, wire and plates imports dropped to $482M in 2022. Overall, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +9.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +43.6% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 54%. As a result, imports attained the peak of $518M, and then fell in the following year.
| Import of Copper Bars, Wire and Plates in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 115 | 55.7 | 92.9 | 210 | 22.2% |
| United Arab Emirates | 81.4 | 95.5 | 247 | 133 | 17.8% |
| South Korea | 44.7 | 44.5 | 56.7 | 37.0 | -6.1% |
| Thailand | 19.1 | 18.3 | 31.7 | 32.5 | 19.4% |
| Indonesia | 18.4 | 12.7 | 1.7 | 12.8 | -11.4% |
| Germany | 9.9 | 9.0 | 10.5 | 12.8 | 8.9% |
| China | 52.7 | 59.9 | 20.1 | 7.3 | -48.3% |
| Others | 30.7 | 40.2 | 57.8 | 36.7 | 6.1% |
| Total | 372 | 336 | 518 | 482 | 9.0% |
Top Suppliers of Copper Bars, Wire and Plates to Australia in 2022:
- Malaysia (22.7K tons)
- United Arab Emirates (14.6K tons)
- Thailand (3.2K tons)
- South Korea (3.2K tons)
- Indonesia (1.5K tons)
- Germany (1.2K tons)
- China (0.7K tons)
Exports of Copper Bars, Wire and Plates in Australia
In 2022, approx. 2.5K tons of copper bars, wire and plates were exported from Australia; dropping by -32.4% on 2021 figures. In general, exports continue to indicate a deep setback. The growth pace was the most rapid in 2021 when exports increased by 104%. As a result, the exports reached the peak of 3.7K tons, and then fell markedly in the following year.
In value terms, copper bars, wire and plates exports contracted notably to $16M in 2022. Over the period under review, exports saw a pronounced decrease. The most prominent rate of growth was recorded in 2021 with an increase of 95%. As a result, the exports reached the peak of $23M, and then declined significantly in the following year.
| Export of Copper Bars, Wire and Plates in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 9.7 | 8.3 | 11.9 | 9.1 | -2.1% |
| Malaysia | 4.0 | 0.7 | 4.2 | 2.7 | -12.3% |
| Thailand | 0.3 | 0.6 | 2.9 | 0.9 | 44.2% |
| China | 1.1 | 0.8 | 1.7 | 0.8 | -10.1% |
| India | N/A | 0.1 | 0.2 | 0.5 | 123.6% |
| New Caledonia | N/A | N/A | N/A | 0.4 | 0% |
| Others | 3.3 | 1.4 | 2.2 | 1.7 | -19.8% |
| Total | 18.5 | 11.9 | 23.1 | 16.1 | -4.5% |
Top Export Markets for Copper Bars, Wire and Plates from Australia in 2022:
- New Zealand (1007.6 tons)
- Malaysia (978.4 tons)
- Thailand (211.9 tons)
- India (142.3 tons)
- China (63.1 tons)
- New Caledonia (44.1 tons)
This report provides an in-depth analysis of the market for copper bars, wire and plates in Australia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 24442200 - Copper and copper alloy bars, rods, profiles and hollow profiles (excluding bars and rods obtained by casting or sintering, copper wire rod in coils)
- Prodcom 24442330 - Copper wire, refined (transv. section > 6 mm), of copper alloy
- Prodcom 24442350 - Copper wire with cross-sectional dimension > 0,5 mm, . 6 mm (excluding twine or cord reinforced with wire, stranded wire and cables)
- Prodcom 24442370 - Copper wire with cross-sectional dimension . 0,5 mm (excluding twine or cord reinforced with wire, stranded wire and cables)
- Prodcom 24442400 - Copper and copper alloy plates, sheets and strip of a thickness > 0,15 mm (excluding expanded copper metal, i nsulated electric strip)
Country coverage:
- Australia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Australia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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In value terms, copper bars, rods and profiles imports totaled $X in 2016. Overall, copper bars, rods and profiles imports continue to indicate a deep descent. Over the period under review, global ...
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