MERCOSUR: Copper Wire Market 2024

Copper Wire Market Size in MERCOSUR

The MERCOSUR copper wire market totaled $X in 2023, surging by X% against the previous year. In general, consumption, however, recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2022 to 2023, the growth of the market remained at a lower figure.

Copper Wire Production in MERCOSUR

In value terms, copper wire production rose remarkably to $X in 2023 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, production reached the peak level of $X. From 2022 to 2023, production growth remained at a lower figure.

Copper Wire Exports

Exports in MERCOSUR

In 2023, approx. X tons of copper wire were exported in MERCOSUR; increasing by X% compared with the year before. Overall, exports, however, recorded a slight setback. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2014; however, from 2015 to 2023, the exports remained at a lower figure.

In value terms, copper wire exports expanded rapidly to $X in 2023. In general, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by X%. The level of export peaked at $X in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Peru (X tons) and Chile (X tons) represented the key exporters of copper wire in 2023, reaching approx. X% and X% of total exports, respectively. It was distantly followed by Brazil (X tons), achieving a X% share of total exports.

From 2012 to 2023, the biggest increases were recorded for Peru (with a CAGR of X%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, Peru ($X), Chile ($X) and Brazil ($X) constituted the countries with the highest levels of exports in 2023, with a combined X% share of total exports.

Peru, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2023, the export price in MERCOSUR amounted to $X per ton, shrinking by X% against the previous year. Export price indicated a modest increase from 2012 to 2023: its price 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, copper wire export price decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2021 when the export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2022 to 2023, the export prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Peru ($X per ton), while Chile ($X per ton) was amongst the lowest.

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

Copper Wire Imports

Imports in MERCOSUR

Copper wire imports amounted to X tons in 2023, therefore, remained relatively stable against the previous year's figure. Over the period under review, imports, however, recorded a mild descent. The growth pace was the most rapid in 2021 when imports increased by X%. Over the period under review, imports reached the peak figure at X tons in 2014; however, from 2015 to 2023, imports stood at a somewhat lower figure.

In value terms, copper wire imports declined slightly to $X in 2023. In general, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2022 to 2023, the growth of imports remained at a lower figure.

Imports by Country

In 2023, Colombia (X tons) and Argentina (X tons) were the main importers of copper wire in MERCOSUR, together accounting for approx. X% of total imports. It was distantly followed by Brazil (X tons) and Ecuador (X tons), together mixing up an X% share of total imports. The following importers - Venezuela (X tons), Paraguay (X tons) and Uruguay (X tons) - each resulted at a X% share of total imports.

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

In value terms, Colombia ($X), Argentina ($X) and Brazil ($X) constituted the countries with the highest levels of imports in 2023, together accounting for X% of total imports.

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

Import Prices by Country

In 2023, the import price in MERCOSUR amounted to $X per ton, reducing by X% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. The level of import peaked at $X per ton in 2022, and then reduced modestly in the following year.

Average prices varied noticeably amongst the major importing countries. In 2023, major importing countries recorded the following prices: in Venezuela ($X per ton) and Brazil ($X per ton), while Paraguay ($X per ton) and Uruguay ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform