Report Update Apr 1, 2024

Thailand - Copper - Market Analysis, Forecast, Size, Trends and Insights

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Thailand: Copper Market 2024

Copper Market Size in Thailand

In 2022, the Thai copper market increased by 25% to $X, rising for the second consecutive year after two years of decline. In general, consumption, however, continues to indicate a pronounced descent. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Copper Production in Thailand

In value terms, copper production totaled $X in 2022 estimated in export price. Overall, production, however, recorded a perceptible decrease. The pace of growth was the most pronounced in 2016 with an increase of 28%. As a result, production reached the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

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Copper Exports

Exports from Thailand

In 2022, overseas shipments of copper decreased by -23.9% to X tons, falling for the second consecutive year after two years of growth. Overall, exports, however, recorded a significant expansion. The pace of growth was the most pronounced in 2014 when exports increased by 106,468%. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, copper exports totaled $X in 2022. In general, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2014 when exports increased by 15,100% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons) was the main destination for copper exports from Thailand, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to China totaled +5.2%.

In value terms, China ($X) also remains the key foreign market for copper exports from Thailand.

From 2012 to 2022, the average annual growth rate of value to China totaled +21.4%.

Export Prices by Country

The average copper export price stood at $X per ton in 2022, rising by 49% against the previous year. In general, the export price continues to indicate a remarkable increase. The growth pace was the most rapid in 2013 when the average export price increased by 405% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +15.4% per year.

Copper Imports

Imports into Thailand

In 2022, supplies from abroad of copper decreased by -16.2% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, imports, however, saw a resilient increase. The growth pace was the most rapid in 2013 with an increase of 256%. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, copper imports reduced notably to $X in 2022. Over the period under review, imports, however, enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2013 when imports increased by 255% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Taiwan (Chinese) (X tons) constituted the largest supplier of copper to Thailand, with a 88% share of total imports. Moreover, copper imports from Taiwan (Chinese) exceeded the figures recorded by the second-largest supplier, China (X tons), ninefold.

From 2012 to 2022, the average annual growth rate of volume from Taiwan (Chinese) amounted to +9.4%.

In value terms, Taiwan (Chinese) ($X) constituted the largest supplier of copper to Thailand, comprising 83% of total imports. The second position in the ranking was held by China ($X), with a 16% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Taiwan (Chinese) totaled +10.7%.

Import Prices by Country

In 2022, the average copper import price amounted to $X per ton, leveling off at the previous year. Over the period under review, import price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, copper import price increased by +53.0% against 2019 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 51%. As a result, import price attained the peak level of $X per ton, leveling off in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Taiwan (Chinese) stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.1%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for copper in the world?

The countries with the highest volumes of consumption in 2022 were Chile, China and Peru, together comprising 49% of global consumption. Democratic Republic of the Congo, the United States, Australia, Russia, Indonesia, Canada, Mexico, Kazakhstan, Mongolia and Brazil lagged somewhat behind, together accounting for a further 36%.

What are the largest producers of copper in the world?

Chile remains the largest copper producing country worldwide, comprising approx. 27% of total volume. Moreover, copper production in Chile exceeded the figures recorded by the second-largest producer, Peru, threefold. The third position in this ranking was taken by China, with an 8% share.

What are the leading suppliers of copper to Thailand?

In value terms, Taiwan Chinese) constituted the largest supplier of copper to Thailand, comprising 83% of total imports. The second position in the ranking was taken by China, with a 16% share of total imports.

What are the leading importers of copper from Thailand?

In value terms, China remains the key foreign market for copper exports from Thailand.

What is the average export price for copper in Thailand?

In 2022, the average copper export price amounted to $3,121 per ton, with an increase of 49% against the previous year.

What is the average import price for copper in Thailand?

In 2022, the average copper import price amounted to $10,061 per ton, approximately mirroring the previous year.

This report provides an in-depth analysis of the copper market in Thailand. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 24441200 - Unrefined copper, copper anodes for electrolytic refining (including blister copper) (excluding electrocopper-plating, e lectroplating anodes)

Country coverage:

Thailand

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Thailand
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023