China: Copper Wire Market 2024

Copper Wire Market Size in China

The Chinese copper wire market contracted modestly to $X in 2022, dropping by X% against the previous year. Over the period under review, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Copper Wire Production in China

In value terms, copper wire production dropped slightly to $X in 2022 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

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Copper Wire Exports

Exports from China

In 2022, after ten years of growth, there was decline in shipments abroad of copper wire, when their volume decreased by X% to X tons. Over the period under review, exports, however, enjoyed a resilient increase. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then reduced modestly in the following year.

In value terms, copper wire exports rose to $X in 2022. In general, exports, however, saw a prominent increase. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in the near future.

Exports by Country

The Philippines (X tons), Vietnam (X tons) and Thailand (X tons) were the main destinations of copper wire exports from China, with a combined X% share of total exports. Malaysia, India, Germany, Japan, South Korea, Cambodia, the United States, Indonesia and Hong Kong SAR lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Cambodia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Philippines ($X), Vietnam ($X) and Thailand ($X) constituted the largest markets for copper wire exported from China worldwide, together accounting for X% of total exports. India, Malaysia, Japan, Germany, South Korea, Cambodia, the United States, Indonesia and Hong Kong SAR lagged somewhat behind, together accounting for a further X%.

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

Export Prices by Country

In 2022, the average copper wire export price amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Hong Kong SAR ($X per ton) and the United States ($X per ton), while the average price for exports to the Philippines ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (X%), while the prices for the other major destinations experienced more modest paces of growth.

Copper Wire Imports

Imports into China

After two years of growth, purchases abroad of copper wire decreased by X% to X tons in 2022. In general, imports showed a deep downturn. The pace of growth appeared the most rapid in 2020 with an increase of X%. Over the period under review, imports attained the maximum at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, copper wire imports shrank to $X in 2022. Over the period under review, imports saw a perceptible reduction. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Indonesia (X tons) constituted the largest supplier of copper wire to China, with a X% share of total imports. Moreover, copper wire imports from Indonesia exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), twofold. The third position in this ranking was taken by Vietnam (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Indonesia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (X% per year) and Vietnam (X% per year).

In value terms, Indonesia ($X) constituted the largest supplier of copper wire to China, comprising X% of total imports. The second position in the ranking was taken by Malaysia ($X), with a X% share of total imports. It was followed by Taiwan (Chinese), with a X% share.

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

Import Prices by Country

The average copper wire import price stood at $X per ton in 2022, almost unchanged from the previous year. In general, import price indicated a slight expansion from 2012 to 2022: its price 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, copper wire import price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2021 an increase of X%. As a result, import price attained the peak level of $X per ton, and then dropped modestly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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