Overview of the Global Market for Copper Bars, Wire And Plates

Market Size for Copper Bars, Wire And Plates

For the third year in a row, the global market for copper bars, wire and plates recorded growth in sales value, which increased by X% to $X in 2022. Overall, consumption recorded a relatively flat trend pattern. Global consumption peaked in 2022 and is expected to retain growth in the near future.

Production of Copper Bars, Wire And Plates

In value terms, copper bars, wire and plates production declined slightly to $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, global production attained the peak level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Copper Bars, Wire And Plates

Exports

In 2022, global exports of copper bars, wire and plates dropped to X tons, waning by X% on the year before. Overall, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. Over the period under review, the global exports reached the peak figure at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, copper bars, wire and plates exports reduced slightly to $X in 2022. Over the period under review, total exports indicated a noticeable increase 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, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of X%. As a result, the exports attained the peak of $X, and then dropped slightly in the following year.

Exports by Country

In 2022, Germany (X tons), distantly followed by the United Arab Emirates (X tons), the United States (X tons), Italy (X tons) and Belgium (X tons) represented the major exporters of copper bars, wire and plates, together committing X% of total exports. China (X tons), Poland (X tons), Canada (X tons), Spain (X tons), South Korea (X tons), Japan (X tons), France (X tons) and Thailand (X tons) followed a long way behind the leaders.

Germany experienced a relatively flat trend pattern with regard to volume of exports of copper bars, wire and plates. At the same time, Thailand (X%), China (X%), the United Arab Emirates (X%), Canada (X%), Belgium (X%), Japan (X%), Poland (X%), Spain (X%) and Italy (X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. The United States and South Korea experienced a relatively flat trend pattern. By contrast, France (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United Arab Emirates, China and Thailand increased by X, X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) remains the largest copper bars, wire and plates supplier worldwide, comprising X% of global exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of global exports. It was followed by the United States, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Germany stood at X%. In the other countries, the average annual rates were as follows: the United Arab Emirates (X% per year) and the United States (X% per year).

Export Prices by Country

The average export price for copper bars, wire and plates stood at $X per ton in 2022, approximately equating the previous year. In general, export price indicated mild 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 bars, wire and plates export price increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while Spain ($X per ton) was amongst the lowest.

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

Imports of Copper Bars, Wire And Plates

Imports

In 2022, global imports of copper bars, wire and plates reduced slightly to X tons, falling by X% against the previous year. Overall, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Global imports peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, copper bars, wire and plates imports reduced to $X in 2022. Over the period under review, total imports indicated a slight expansion 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, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of $X, leveling off in the following year.

Imports by Country

The countries with the highest levels of copper bars, wire and plates imports in 2022 were the United States (X tons), Italy (X tons), China (X tons), Germany (X tons), Mexico (X tons), France (X tons), the Czech Republic (X tons), India (X tons), Vietnam (X tons), Thailand (X tons), Turkey (X tons) and Poland (X tons), together amounting to X% of total import. The UK (X tons) held a little share of total imports.

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

In value terms, the largest copper bars, wire and plates importing markets worldwide were the United States ($X), China ($X) and Italy ($X), together accounting for X% of global imports. Germany, Mexico, France, India, Thailand, Vietnam, the Czech Republic, Turkey, Poland and the UK lagged somewhat behind, together accounting for a further X%.

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

Import Prices by Country

In 2022, the average import price for copper bars, wire and plates amounted to $X per ton, with an increase of X% against the previous year. In general, import price indicated a modest increase 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 bars, wire and plates import price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2021 an increase of X%. Global import price peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in China ($X per ton) and Thailand ($X per ton), while the Czech Republic ($X per ton) and France ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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