Southern Asia: Copper Stranded Wire Market 2024

Copper Stranded Wire Market Size in Southern Asia

The South Asian copper stranded wire market expanded significantly to $X in 2022, picking up by X% against the previous year. The total consumption indicated strong growth from 2012 to 2022: its value 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, consumption decreased by X% against 2020 indices. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Copper Stranded Wire Production in Southern Asia

In value terms, copper stranded wire production stood at $X in 2022 estimated in export price. In general, production continues to indicate resilient growth. The pace of growth appeared the most rapid in 2020 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

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Copper Stranded Wire Exports

Exports in Southern Asia

Copper stranded wire exports skyrocketed to X tons in 2022, rising by X% compared with 2021. Overall, exports, however, continue to indicate a pronounced decline. The pace of growth appeared the most rapid in 2018 with an increase of X%. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, copper stranded wire exports skyrocketed to $X in 2022. Over the period under review, exports, however, showed a perceptible decline. The pace of growth appeared the most rapid in 2018 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The shipments of the one major exporters of copper stranded wire, cables and plaited bands, namely India, represented more than two-thirds of total export.

India 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. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest copper stranded wire supplier in Southern Asia.

In India, copper stranded wire exports plunged by an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per ton, increasing by X% against the previous year. In general, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to X% per year.

Copper Stranded Wire Imports

Imports in Southern Asia

In 2022, approx. X tons of copper stranded wire, cables and plaited bands were imported in Southern Asia; which is down by X% compared with the year before. Overall, imports, however, enjoyed a resilient expansion. The pace of growth was the most pronounced in 2017 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 stranded wire imports dropped to $X in 2022. Over the period under review, imports, however, continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

India represented the major importer of copper stranded wire, cables and plaited bands in Southern Asia, with the volume of imports accounting for X tons, which was approx. X% of total imports in 2022. It was distantly followed by Bangladesh (X tons), generating a X% share of total imports. Afghanistan (X tons) and Pakistan (X tons) followed a long way behind the leaders.

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

In value terms, India ($X) constitutes the largest market for imported copper stranded wire, cables and plaited bands in Southern Asia, comprising X% of total imports. The second position in the ranking was held by Bangladesh ($X), with a X% share of total imports. It was followed by Afghanistan, with a X% share.

In India, copper stranded wire imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Bangladesh (X% per year) and Afghanistan (X% per year).

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per ton, almost unchanged from the previous year. Overall, the import price recorded a mild shrinkage. The growth pace was the most rapid in 2021 when the import price increased by X%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 India ($X per ton), while Afghanistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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