Asia-Pacific: Market for Copper Bars, Rods and Profiles 2024

Market Size for Copper Bars, Rods and Profiles in Asia-Pacific

The Asia-Pacific market for copper bars, rods and profiles declined to $X in 2022, approximately mirroring the previous year. Over the period under review, consumption saw a relatively flat trend pattern. The level of consumption peaked 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-Pacific

In value terms, copper bar, rod and profile production declined to $X in 2022 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Exports of Copper Bars, Rods and Profiles

Exports in Asia-Pacific

In 2022, overseas shipments 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. Overall, exports saw a perceptible contraction. The most prominent rate of growth was recorded in 2015 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, copper bar, rod and profile exports dropped to $X in 2022. In general, exports saw a mild decrease. The pace of growth appeared the most rapid 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), China (X tons) and Indonesia (X tons) were the major exporters of copper bars, rods and profiles, together committing X% of total exports.

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

In value terms, South Korea ($X), Japan ($X) and Malaysia ($X) appeared to be the countries with the highest levels of exports in 2022, together accounting for X% of total exports. China, Thailand, Taiwan (Chinese) and Indonesia lagged somewhat behind, together accounting for a further X%.

China, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries 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 Asia-Pacific stood at $X per ton in 2022, growing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: 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-Pacific

In 2022, after two years of growth, there was significant decline in purchases abroad of copper bars, rods and profiles, when their volume decreased by X% to X tons. Over the period under review, imports saw a noticeable downturn. The most prominent rate of growth was recorded in 2021 when imports increased by X%. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, copper bar, rod and profile imports fell slightly to $X in 2022. In general, imports showed a perceptible downturn. 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) were the major importers of copper bars, rods and profiles, together creating X% of total imports. Australia (X tons) took a little share of total imports.

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%), Taiwan (Chinese) (X%), Japan (X%), Thailand (X%) and Australia (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of X% from 2012-2022. By contrast, the Philippines (X%), Singapore (X%), Malaysia (X%) and India (X%) illustrated a downward trend over the same period. Vietnam (X p.p.), Taiwan (Chinese) (X p.p.), Thailand (X p.p.), Japan (X p.p.) and Australia (X p.p.) significantly strengthened its position in terms of the total imports, while China, Singapore, Malaysia and India saw its share reduced by X%, X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported copper bars, rods and profiles in Asia-Pacific, comprising X% of total imports. The second position in the ranking was taken by India ($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 rate of growth in terms 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

The import price in Asia-Pacific stood at $X per ton in 2022, with an increase of 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 an increase of X%. Over the period under review, import prices attained the maximum in 2022 and is expected to retain growth in the immediate term.

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

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

Source: IndexBox Platform

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