ASEAN: Copper Wire Market 2024

Copper Wire Market Size in ASEAN

The ASEAN copper wire market rose slightly to $X in 2023, growing by X% against the previous year. Over the period under review, consumption, however, saw a relatively flat trend pattern. The level of consumption peaked at $X in 2021; however, from 2022 to 2023, consumption remained at a lower figure.

Copper Wire Production in ASEAN

In value terms, copper wire production rose remarkably to $X in 2023 estimated in export price. Overall, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

Copper Wire Exports

Exports in ASEAN

In 2023, overseas shipments of copper wire increased by X% to X tons, rising for the third consecutive year after two years of decline. Total exports indicated a strong expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2023 and are expected to retain growth in the immediate term.

In value terms, copper wire exports dropped modestly to $X in 2023. Over the period under review, exports posted a prominent increase. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2022, and then reduced in the following year.

Exports by Country

In 2023, Thailand (X tons), Malaysia (X tons) and Indonesia (X tons) represented the major exporter of copper wire in ASEAN, constituting X% of total export. It was distantly followed by Vietnam (X tons), mixing up a X% share of total exports.

From 2012 to 2023, the biggest increases were recorded for Thailand (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest copper wire supplying countries in ASEAN were Thailand ($X), Malaysia ($X) and Indonesia ($X), together accounting for X% of total exports.

In terms of the main exporting countries, Thailand, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2023, dropping by X% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of X%. Over the period under review, the export prices hit record highs at $X per ton in 2022, and then contracted in the following year.

Average prices varied somewhat amongst the major exporting countries. In 2023, major exporting countries recorded the following prices: in Indonesia ($X per ton) and Vietnam ($X per ton), while Thailand ($X per ton) and Malaysia ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the other leaders experienced mixed trends in the export price figures.

Copper Wire Imports

Imports in ASEAN

In 2023, supplies from abroad of copper wire decreased by X% to X tons, falling for the second year in a row after two years of growth. Total imports indicated a resilient expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2022 to 2023, the growth of imports remained at a lower figure.

In value terms, copper wire imports declined to $X in 2023. Over the period under review, imports, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports reached the peak of $X. From 2022 to 2023, the growth of imports failed to regain momentum.

Imports by Country

The purchases of the six major importers of copper wire, namely Vietnam, the Philippines, Thailand, Singapore, Malaysia and Indonesia, represented more than two-thirds of total import. Cambodia (X tons) held a minor share of total imports.

From 2012 to 2023, the biggest increases were recorded for Cambodia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest copper wire importing markets in ASEAN were Vietnam ($X), the Philippines ($X) and Thailand ($X), with a combined X% share of total imports. Malaysia, Singapore, Indonesia and Cambodia lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Cambodia, with a CAGR of X%, saw the highest growth rate of 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 import price in ASEAN stood at $X per ton in 2023, shrinking by X% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of X%. Over the period under review, import prices hit record highs at $X per ton in 2022, and then shrank in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Thailand ($X per ton), while Singapore ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform