South Africa - 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 South Africa - 2023
Contents:
- Price for Copper Bars, Wire and Plates in South Africa (CIF) - 2023
- Price for Copper Bars, Wire and Plates in South Africa (FOB) - 2022
- Imports of Copper Bars, Wire and Plates in South Africa
- Exports of Copper Bars, Wire and Plates in South Africa
Price for Copper Bars, Wire and Plates in South Africa (CIF) - 2023
In July 2023, the average import price for copper bars, wire and plates amounted to $8,838 per ton, approximately mirroring the previous month. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in June 2023 when the average import price increased by 13% month-to-month. Over the period under review, average import prices hit record highs at $9,237 per ton in April 2023; however, from May 2023 to July 2023, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In July 2023, the highest price was recorded for prices from India ($11,178 per ton) and Germany ($9,555 per ton), while the price for the United Arab Emirates ($8,727 per ton) and Belgium ($8,883 per ton) were amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by India (+14.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Copper Bars, Wire and Plates in South Africa (FOB) - 2022
In 2022, the average export price for copper bars, wire and plates amounted to $8,444 per ton, picking up by 6.6% against the previous year. Overall, export price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.6% 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 export price increased by +94.9% against 2016 indices. The most prominent rate of growth was recorded in 2017 when the average export price increased by 24%. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to continue growth in years to come.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Zimbabwe ($12,050 per ton), while the average price for exports to Botswana ($6,319 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 Swaziland (+5.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Copper Bars, Wire and Plates in South Africa
In 2022, the amount of copper bars, wire and plates imported into South Africa dropped to 53K tons, falling by -11.4% compared with the previous year. Overall, imports showed a abrupt decline. The most prominent rate of growth was recorded in 2021 when imports increased by 25%.
In value terms, copper bars, wire and plates imports shrank significantly to $466M in 2022. Over the period under review, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +6.6% 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 +49.3% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 82% against the previous year. As a result, imports reached the peak of $569M, and then reduced sharply in the following year.
| Import of Copper Bars, Wire and Plates in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 112 | 43.0 | 263 | 233 | 27.7% |
| Russia | 145 | 165 | 165 | 70.0 | -21.6% |
| Belgium | 47.4 | 25.0 | 36.2 | 57.2 | 6.5% |
| Zambia | 17.5 | 13.6 | 25.1 | 21.9 | 7.8% |
| Turkey | 14.9 | 16.8 | 18.9 | 20.1 | 10.5% |
| South Korea | 5.8 | 11.8 | 20.2 | 17.7 | 45.0% |
| Germany | 23.6 | 12.5 | 15.6 | 13.7 | -16.6% |
| United States | 0.7 | 13.6 | 3.2 | 10.4 | 145.8% |
| Netherlands | 0.4 | 0.2 | 0.2 | 6.4 | 152.0% |
| Others | 17.0 | 10.9 | 21.5 | 15.8 | -2.4% |
| Total | 385 | 312 | 569 | 466 | 6.6% |
Top Suppliers of Copper Bars, Wire and Plates to South Africa in 2022:
- United Arab Emirates (25.7K tons)
- Russia (10.1K tons)
- Belgium (6.4K tons)
- Zambia (2.3K tons)
- Turkey (2.0K tons)
- South Korea (1.5K tons)
- Germany (1.4K tons)
- United States (1.0K tons)
- Netherlands (0.8K tons)
Exports of Copper Bars, Wire and Plates in South Africa
In 2022, shipments abroad of copper bars, wire and plates was finally on the rise to reach 7.3K tons after two years of decline. Over the period under review, exports, however, continue to indicate a noticeable decline.
In value terms, copper bars, wire and plates exports rose significantly to $62M in 2022. The total export value increased at an average annual rate of +8.5% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 15% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.
| Export of Copper Bars, Wire and Plates in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 11.1 | 9.7 | 23.4 | 15.5 | 11.8% |
| China | 7.8 | 12.0 | 3.5 | 8.5 | 2.9% |
| Netherlands | 0.4 | 2.4 | 4.5 | 6.4 | 152.0% |
| United Arab Emirates | 3.4 | N/A | 0.1 | 6.4 | 23.5% |
| Swaziland | 2.0 | 1.9 | 1.2 | 3.9 | 24.9% |
| Indonesia | 0.9 | 1.4 | 1.0 | 2.9 | 47.7% |
| Zimbabwe | 1.4 | 1.4 | 2.1 | 2.9 | 27.5% |
| India | 0.7 | 2.5 | 0.7 | 2.4 | 50.8% |
| Democratic Republic of the Congo | 1.7 | 1.9 | 3.2 | 2.2 | 9.0% |
| Germany | 0.7 | 1.8 | 1.3 | 1.8 | 37.0% |
| Italy | 0.7 | 0.5 | 1.4 | 1.5 | 28.9% |
| Australia | 2.1 | 1.5 | 3.7 | 1.5 | -10.6% |
| Botswana | 0.8 | 0.5 | 0.5 | 1.0 | 7.7% |
| Others | 14.8 | 11.4 | 9.7 | 5.0 | -30.4% |
| Total | 48.5 | 49.1 | 56.2 | 62.0 | 8.5% |
Top Export Markets for Copper Bars, Wire and Plates from South Africa in 2022:
- United States (1912.8 tons)
- China (1053.1 tons)
- United Arab Emirates (882.3 tons)
- Netherlands (744.2 tons)
- Swaziland (447.5 tons)
- Indonesia (361.7 tons)
- Zimbabwe (243.8 tons)
- India (229.8 tons)
- Democratic Republic of the Congo (227.2 tons)
- Germany (196.5 tons)
- Australia (185.9 tons)
- Botswana (166.1 tons)
- Italy (147.8 tons)
This report provides an in-depth analysis of the market for copper bars, wire and plates in South Africa. 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:
- South Africa
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in South Africa
- 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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This report provides an in-depth analysis of the market for copper bars, wire and plates in South Africa.
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This report provides an in-depth analysis of the market for copper bar, rod and profile in South Africa.
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This report provides an in-depth analysis of the market for copper bars, wire and plates in South Africa.
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This report provides an in-depth analysis of the market for copper bar, rod and profile in South Africa.
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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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In value terms, copper bars, rods and profiles exports stood at $X in 2016. Overall, copper bars, rods and profiles exports continue to indicate a drastic slump. Global copper bars, rods and profil...
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In value terms, copper wire exports amounted to $X in 2016. In general, copper wire exports continue to indicate a abrupt reduction. Global copper wire export peaked of $X in 2011; however, from X>
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In value terms, copper stranded wire and cables exports stood at $X in 2016. In general, copper stranded wire and cables exports continue to indicate a relatively flat trend pattern. Global copper ...
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