Pakistan - 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 Pakistan - 2023
Contents:
- Price for Copper Bars, Wire and Plates in Pakistan (CIF) - 2023
- Price for Copper Bars, Wire and Plates in Pakistan (FOB) - 2023
- Imports of Copper Bars, Wire and Plates in Pakistan
- Exports of Copper Bars, Wire and Plates in Pakistan
Price for Copper Bars, Wire and Plates in Pakistan (CIF) - 2023
In February 2023, the average import price for copper bars, wire and plates amounted to $8,306 per ton, falling by -10.1% against the previous month. Over the period under review, the import price recorded a pronounced shrinkage. The most prominent rate of growth was recorded in December 2022 an increase of 21% m-o-m. Over the period under review, average import prices attained the peak figure at $12,029 per ton in March 2022; however, from April 2022 to February 2023, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In February 2023, the highest price was recorded for prices from Japan ($9,695 per ton) and Taiwan (Chinese) ($9,490 per ton), while the price for South Korea ($7,040 per ton) and China ($7,628 per ton) were amongst the lowest.
From February 2022 to February 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (-0.3%), while the prices for the other major suppliers experienced a decline.
Price for Copper Bars, Wire and Plates in Pakistan (FOB) - 2023
The average export price for copper bars, wire and plates stood at $6,797 per ton in February 2023, growing by 6.5% against the previous month. Overall, export price indicated a modest increase from February 2022 to February 2023: its price increased at an average monthly rate of +1.3% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on February 2023 figures, copper bars, wire and plates export price increased by +16.0% against December 2022 indices. The most prominent rate of growth was recorded in May 2022 when the average export price increased by 120% month-to-month. As a result, the export price attained the peak level of $10,300 per ton. From June 2022 to February 2023, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In February 2023, the country with the highest price was China ($7,000 per ton), while the average price for exports to Canada ($2,642 per ton) was amongst the lowest.
From February 2022 to February 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+4.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Copper Bars, Wire and Plates in Pakistan
For the fourth year in a row, Pakistan recorded growth in overseas purchases of copper bars, wire and plates, which increased by less than 0.1% to 4.5K tons in 2022. Over the period under review, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +17.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +62.0% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 61% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
In value terms, copper bars, wire and plates imports rose notably to $46M in 2022. Overall, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 110% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in years to come.
| Import of Copper Bars, Wire and Plates in Pakistan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 3.5 | 6.0 | 14.2 | 11.9 | 50.4% |
| Malaysia | 4.3 | 3.0 | 6.6 | 8.8 | 27.0% |
| Japan | 2.7 | 0.4 | 6.3 | 8.4 | 46.0% |
| China | 4.0 | 3.9 | 5.2 | 5.7 | 12.5% |
| United States | 0.5 | 1.6 | 2.0 | 2.6 | 73.2% |
| Taiwan (Chinese) | 0.3 | 0.3 | 1.0 | 1.3 | 63.0% |
| Sri Lanka | 0.8 | 1.5 | 1.5 | 1.2 | 14.5% |
| Turkey | 0.8 | 0.5 | 1.1 | 1.0 | 7.7% |
| Indonesia | 1.0 | 0.5 | 0.5 | 0.9 | -3.5% |
| Germany | 0.8 | 0.3 | 1.1 | 0.4 | -20.6% |
| Singapore | 0.1 | 0.2 | 0.4 | 0.3 | 44.2% |
| Others | 2.6 | 2.4 | 3.5 | 3.7 | 12.5% |
| Total | 21.4 | 20.7 | 43.4 | 46.2 | 29.2% |
Top Suppliers of Copper Bars, Wire and Plates to Pakistan in 2022:
- United Arab Emirates (1017.9 tons)
- Malaysia (811.1 tons)
- China (755.2 tons)
- Japan (674.6 tons)
- United States (272.9 tons)
- Taiwan (Chinese) (155.8 tons)
- Singapore (144.3 tons)
- Turkey (123.8 tons)
- Indonesia (117.6 tons)
- Sri Lanka (108.2 tons)
- Germany (36.0 tons)
Exports of Copper Bars, Wire and Plates in Pakistan
After three years of growth, overseas shipments of copper bars, wire and plates decreased by -61.2% to 2.5K tons in 2022. Over the period under review, exports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2020 with an increase of 49% against the previous year.
In value terms, copper bars, wire and plates exports dropped rapidly to $16M in 2022. In general, exports saw a abrupt setback. The most prominent rate of growth was recorded in 2020 when exports increased by 58%.
| Export of Copper Bars, Wire and Plates in Pakistan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 18.3 | 29.4 | 29.1 | 10.4 | -17.2% |
| United States | 2.5 | 2.8 | 6.4 | 4.1 | 17.9% |
| United Kingdom | 0.5 | 0.5 | 0.7 | 0.5 | 0.0% |
| Others | 0.4 | 1.7 | 1.0 | 0.6 | 14.5% |
| Total | 21.8 | 34.5 | 37.2 | 15.5 | -10.7% |
Top Export Markets for Copper Bars, Wire and Plates from Pakistan in 2022:
- China (1503.6 tons)
- United States (785.0 tons)
- United Kingdom (84.8 tons)
This report provides an in-depth analysis of the market for copper bars, wire and plates in Pakistan. 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:
- Pakistan
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Pakistan
- 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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