Singapore - Copper Bars, Wire And Plates - Market Analysis, Forecast, Size, Trends and Insights
Report Update: May 1, 2024

Singapore - Copper Bars, Wire And Plates - Market Analysis, Forecast, Size, Trends and Insights

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Price for Copper Bars, Wire and Plates in Singapore - 2022

Contents:

  1. Price for Copper Bars, Wire and Plates in Singapore (CIF) - 2022
  2. Price for Copper Bars, Wire and Plates in Singapore (FOB) - 2022
  3. Imports of Copper Bars, Wire and Plates in Singapore
  4. Exports of Copper Bars, Wire and Plates in Singapore

Price for Copper Bars, Wire and Plates in Singapore (CIF) - 2022

In September 2022, the average import price for copper bars, wire and plates amounted to $14,076 per ton, flattening at the previous month. In general, import price indicated a moderate increase from September 2021 to September 2022: its price increased at an average monthly rate of +4.1% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2022 figures, copper bars, wire and plates import price increased by +8.3% against July 2022 indices. The pace of growth was the most pronounced in January 2022 an increase of 54% month-to-month. The import price peaked at $15,287 per ton in May 2022; however, from June 2022 to September 2022, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Japan ($17,505 per ton), while the price for South Korea ($10,589 per ton) was amongst the lowest.

From September 2021 to September 2022, the most notable rate of growth in terms of prices was attained by China (+3.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Copper Bars, Wire and Plates in Singapore (FOB) - 2022

In 2022, the average export price for copper bars, wire and plates amounted to $18,442 per ton, picking up by 52% against the previous year. Overall, the export price showed a buoyant increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($23,128 per ton), while the average price for exports to India ($9,404 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 Indonesia (+13.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper Bars, Wire and Plates in Singapore

In 2022, copper bars, wire and plates imports into Singapore surged to 75K tons, growing by 16% compared with the previous year's figure. Over the period under review, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +10.6% 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 +47.5% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 27%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, copper bars, wire and plates imports soared to $942M in 2022. In general, imports recorded a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 73%. Imports peaked in 2022 and are expected to retain growth in the near future.

Import of Copper Bars, Wire and Plates in Singapore (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Malaysia13711919327426.0%
Germany80.099.818327050.0%
Japan55.651.089.913133.1%
China22.224.241.562.841.4%
South Korea23.215.934.543.323.1%
Thailand14.28.117.930.328.7%
Belgium7.17.39.527.456.9%
Indonesia12.65.211.823.422.9%
Others42.532.448.780.923.9%
Total39536363094233.6%

Top Suppliers of Copper Bars, Wire and Plates to Singapore in 2022:

  1. Malaysia (26.2K tons)
  2. Germany (16.6K tons)
  3. Japan (7.4K tons)
  4. China (4.8K tons)
  5. South Korea (4.1K tons)
  6. Belgium (3.8K tons)
  7. Thailand (2.1K tons)
  8. Indonesia (2.0K tons)

Exports of Copper Bars, Wire and Plates in Singapore

In 2022, after three years of growth, there was significant decline in overseas shipments of copper bars, wire and plates, when their volume decreased by -10.5% to 25K tons. The total export volume increased at an average annual rate of +1.3% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 8.1%. As a result, the exports attained the peak of 28K tons, and then shrank in the following year.

In value terms, copper bars, wire and plates exports surged to $470M in 2022. In general, exports, however, continue to indicate significant growth. The growth pace was the most rapid in 2021 with an increase of 41% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.

Export of Copper Bars, Wire and Plates in Singapore (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Malaysia82.190.498.614922.0%
China51.846.258.794.522.2%
Taiwan (Chinese)17.721.640.862.552.3%
Indonesia19.623.834.753.039.3%
Hong Kong SAR7.813.921.336.166.6%
India2.027.755.122.9125.4%
Japan4.74.412.119.259.9%
Others15.617.425.132.127.2%
Total20124534647032.7%

Top Export Markets for Copper Bars, Wire and Plates from Singapore in 2022:

  1. Malaysia (8.3K tons)
  2. China (4.7K tons)
  3. Taiwan (Chinese) (2.9K tons)
  4. India (2.4K tons)
  5. Indonesia (2.3K tons)
  6. Hong Kong SAR (1.8K tons)
  7. Japan (0.9K tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for copper bars, wire and plates in Singapore. 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:

  • Singapore

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Singapore
  • 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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
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