Asia: Market for Copper Bars, Rods and Profiles 2024

Market Size for Copper Bars, Rods and Profiles in Asia

The Asian market for copper bars, rods and profiles shrank slightly to $X in 2022, falling by X% against the previous year. In general, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Production of Copper Bars, Rods and Profiles in Asia

In value terms, copper bar, rod and profile production dropped to $X in 2022 estimated in export price. The total production indicated slight growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2020 indices. The pace of growth was the most pronounced in 2017 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

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Exports of Copper Bars, Rods and Profiles

Exports in Asia

In 2022, shipments abroad of copper bars, rods and profiles decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports showed a slight contraction. The pace of growth appeared the most rapid in 2015 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, copper bar, rod and profile exports declined to $X in 2022. Overall, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X, and then dropped in the following year.

Exports by Country

In 2022, South Korea (X tons), distantly followed by Malaysia (X tons), Japan (X tons), Thailand (X tons), Taiwan (Chinese) (X tons), Turkey (X tons), China (X tons) and Indonesia (X tons) were the largest exporters of copper bars, rods and profiles, together comprising X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by China (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest copper bar, rod and profile supplying countries in Asia were South Korea ($X), Japan ($X) and Malaysia ($X), with a combined X% share of total exports. China, Thailand, Taiwan (Chinese), Turkey and Indonesia lagged somewhat behind, together accounting for a further X%.

In terms of the main exporting countries, China, 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

In 2022, the export price in Asia amounted to $X per ton, increasing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 when the export price increased by X%. The level of export peaked in 2022 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the other leaders experienced more modest paces of growth.

Imports of Copper Bars, Rods and Profiles

Imports in Asia

In 2022, approx. X tons of copper bars, rods and profiles were imported in Asia; waning by X% against 2021 figures. In general, imports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, copper bar, rod and profile imports shrank modestly to $X in 2022. Over the period under review, imports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by X%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons), distantly followed by the Philippines (X tons), Thailand (X tons), Taiwan (Chinese) (X tons), India (X tons), Vietnam (X tons), Malaysia (X tons), Singapore (X tons) and Japan (X tons) represented the largest importers of copper bars, rods and profiles, together achieving X% of total imports. Turkey (X tons), Indonesia (X tons), the United Arab Emirates (X tons) and Kuwait (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to copper bar, rod and profile imports into China stood at X%. At the same time, Vietnam (X%), Turkey (X%), Kuwait (X%), Taiwan (Chinese) (X%), Japan (X%), Thailand (X%) and Indonesia (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in Asia, with a CAGR of X% from 2012-2022. By contrast, the Philippines (X%), the United Arab Emirates (X%), Singapore (X%), Malaysia (X%) and India (X%) illustrated a downward trend over the same period. While the share of Vietnam (X p.p.), Taiwan (Chinese) (X p.p.), Thailand (X p.p.), China (X p.p.), Japan (X p.p.), Turkey (X p.p.), Kuwait (X p.p.), the Philippines (X p.p.) and Indonesia (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Malaysia (X p.p.) and India (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported copper bars, rods and profiles in Asia, comprising X% of total imports. The second position in the ranking was taken by India ($X), with an X% share of total imports. It was followed by Taiwan (Chinese), with an X% share.

From 2012 to 2022, the average annual growth rate of value in China stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: India (X% per year) and Taiwan (Chinese) (X% per year).

Import Prices by Country

In 2022, the import price in Asia amounted to $X per ton, increasing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2021 when the import price increased by X%. The level of import peaked in 2022 and is likely to see steady growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kuwait (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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