South-Eastern Asia: Copper Stranded Wire Market 2024

Copper Stranded Wire Market Size in South-Eastern Asia

In 2022, after five years of growth, there was decline in the Southeast Asian copper stranded wire market, when its value decreased by X% to $X. Overall, consumption enjoyed resilient growth. Over the period under review, the market attained the maximum level at $X in 2021, and then reduced slightly in the following year.

Copper Stranded Wire Production in South-Eastern Asia

In value terms, copper stranded wire production contracted slightly to $X in 2022 estimated in export price. Overall, production enjoyed strong growth. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

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Copper Stranded Wire Exports

Exports in South-Eastern Asia

In 2022, approx. X tons of copper stranded wire, cables and plaited bands were exported in South-Eastern Asia; increasing by X% on the previous year. In general, exports showed strong growth. The most prominent rate of growth was recorded in 2018 with an increase of X%. The volume of export peaked in 2022 and is likely to see gradual growth in the immediate term.

In value terms, copper stranded wire exports rose remarkably to $X in 2022. Overall, exports recorded buoyant growth. The pace of growth appeared the most rapid in 2018 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

Vietnam was the major exporter of copper stranded wire, cables and plaited bands in South-Eastern Asia, with the volume of exports amounting to X tons, which was approx. X% of total exports in 2022. Thailand (X tons) ranks second in terms of the total exports with a X% share, followed by Malaysia (X%).

Vietnam was also the fastest-growing in terms of the copper stranded wire, cables and plaited bands exports, with a CAGR of X% from 2012 to 2022. At the same time, Thailand (X%) and Malaysia (X%) displayed positive paces of growth. While the share of Vietnam (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Malaysia (X p.p.) and Thailand (X p.p.) displayed negative dynamics.

In value terms, Vietnam ($X) remains the largest copper stranded wire supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Thailand ($X), with a X% share of total exports.

In Vietnam, copper stranded wire exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Thailand (X% per year) and Malaysia (X% per year).

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, rising by X% against the previous year. Export price indicated temperate growth 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 stranded wire export price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2017 when the export price increased by X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while Thailand ($X per ton) was amongst the lowest.

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

Copper Stranded Wire Imports

Imports in South-Eastern Asia

In 2022, the amount of copper stranded wire, cables and plaited bands imported in South-Eastern Asia shrank slightly to X tons, which is down by X% on the year before. In general, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, copper stranded wire imports shrank to $X in 2022. Over the period under review, imports showed a slight slump. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

The Philippines represented the major importing country with an import of about X tons, which finished at X% of total imports. Vietnam (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Indonesia (X%) and Thailand (X%). The following importers - Cambodia (X tons), Singapore (X tons) and Malaysia (X tons) - each finished at a X% share of total imports.

The Philippines was also the fastest-growing in terms of the copper stranded wire, cables and plaited bands imports, with a CAGR of X% from 2012 to 2022. At the same time, Cambodia (X%) and Thailand (X%) displayed positive paces of growth. By contrast, Malaysia (X%), Indonesia (X%), Singapore (X%) and Vietnam (X%) illustrated a downward trend over the same period. The Philippines (X p.p.), Thailand (X p.p.) and Cambodia (X p.p.) significantly strengthened its position in terms of the total imports, while Indonesia, Singapore and Vietnam saw its share reduced by 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, the Philippines ($X) constitutes the largest market for imported copper stranded wire, cables and plaited bands in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by Vietnam ($X), with a X% share of total imports. It was followed by Thailand, with an X% share.

In the Philippines, copper stranded wire imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Vietnam (X% per year) and Thailand (X% per year).

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per ton, falling by X% against the previous year. In general, the import price saw a mild curtailment. The most prominent rate of growth was recorded in 2017 when the import price increased by X%. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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