SADC: Market for Copper Bars, Wire And Plates 2024

Market Size for Copper Bars, Wire And Plates in SADC

The SADC market for copper bars, wire and plates rose remarkably to $X in 2022, picking up by X% against the previous year. Overall, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X; afterwards, it flattened through to 2022.

Production of Copper Bars, Wire And Plates in SADC

In value terms, copper bars, wire and plates production rose markedly to $X in 2022 estimated in export price. In general, production, however, recorded a slight curtailment. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Copper Bars, Wire And Plates

Exports in SADC

In 2022, overseas shipments of copper bars, wire and plates decreased by X% to X tons, falling for the fifth consecutive year after three years of growth. Overall, exports showed a abrupt descent. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, copper bars, wire and plates exports fell notably to $X in 2022. Over the period under review, exports recorded a deep reduction. The pace of growth appeared the most rapid in 2015 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

South Africa (X tons) and Zambia (X tons) were the largest exporters of copper bars, wire and plates in 2022, reaching approx. X% and X% of total exports, respectively. Tanzania (X tons) held the next position in the ranking, followed by Botswana (X tons) and Angola (X tons). All these countries together held approx. X% share of total exports.

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

In value terms, the largest copper bars, wire and plates supplying countries in SADC were Zambia ($X), South Africa ($X) and Tanzania ($X), together accounting for X% of total exports. Botswana and Angola lagged somewhat behind, together accounting for a further X%.

In terms of the main exporting countries, Angola, with a CAGR of X%, recorded the highest growth rate of 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 SADC amounted to $X per ton, increasing by X% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of X%. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Zambia ($X per ton), while Angola ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Zambia (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Copper Bars, Wire And Plates

Imports in SADC

In 2022, the amount of copper bars, wire and plates imported in SADC declined to X tons, shrinking by X% compared with the previous year. In general, imports, however, posted a strong increase. The pace of growth was the most pronounced in 2015 when imports increased by X%. Over the period under review, imports attained the peak figure at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, copper bars, wire and plates imports reduced to $X in 2022. Overall, imports, however, showed a prominent increase. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports attained the peak of $X, and then shrank in the following year.

Imports by Country

South Africa dominates imports structure, recording X tons, which was approx. X% of total imports in 2022. It was distantly followed by Tanzania (X tons), generating an X% share of total imports. Botswana (X tons) and Angola (X tons) took a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to copper bars, wire and plates imports into South Africa stood at X%. At the same time, Tanzania (X%) and Botswana (X%) displayed positive paces of growth. Moreover, Tanzania emerged as the fastest-growing importer imported in SADC, with a CAGR of X% from 2012-2022. By contrast, Angola (X%) illustrated a downward trend over the same period. While the share of Tanzania (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Angola (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported copper bars, wire and plates in SADC, comprising X% of total imports. The second position in the ranking was held by Tanzania ($X), with an X% share of total imports. It was followed by Botswana, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in South Africa totaled X%. In the other countries, the average annual rates were as follows: Tanzania (X% per year) and Botswana (X% per year).

Import Prices by Country

In 2022, the import price in SADC amounted to $X per ton, with a decrease of X% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the import price increased by X%. As a result, import price reached the peak level of $X per ton, and then contracted slightly in the following year.

Average prices varied noticeably amongst the major importing countries. In 2022, major importing countries recorded the following prices: in South Africa ($X per ton) and Tanzania ($X per ton), while Botswana ($X per ton) and Angola ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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