Global Copper Powder Market 2023

Copper Powder Market Size

In 2021, the global copper powder market decreased by -5.7% to $X, falling for the third year in a row after two years of growth. In general, consumption recorded a perceptible decline. The pace of growth was the most pronounced in 2018 with an increase of 5.1% against the previous year. Over the period under review, the global market hit record highs at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Copper Powder Production

In value terms, copper powder production surged to $X in 2021 estimated in export price. Overall, production, however, saw a mild setback. Global production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Copper Powder Exports

Exports

Global copper powder exports was estimated at X tons in 2021, increasing by 11% against 2020. In general, exports enjoyed a buoyant expansion. The growth pace was the most rapid in 2018 when exports increased by 195%. The global exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, copper powder exports skyrocketed to $X in 2021. Overall, exports continue to indicate a strong expansion. The pace of growth was the most pronounced in 2018 when exports increased by 109% against the previous year. The global exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

Malaysia dominates exports structure, resulting at X tons, which was approx. 70% of total exports in 2021. It was distantly followed by Singapore (X tons), creating a 5.3% share of total exports. The following exporters - Germany (X tons), the United States (X tons), Italy (X tons), Japan (X tons), Russia (X tons), the UK (X tons) and France (X tons) - together made up 16% of total exports.

From 2012 to 2021, average annual rates of growth with regard to copper powder exports from Malaysia stood at +51.4%. At the same time, Singapore (+76.3%), Japan (+2.9%) and the UK (+1.1%) displayed positive paces of growth. Moreover, Singapore emerged as the fastest-growing exporter exported in the world, with a CAGR of +76.3% from 2012-2021. France, Germany, the United States and Italy experienced a relatively flat trend pattern. By contrast, Russia (-3.7%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Malaysia, Singapore and France increased by +65, +5.2 and +1.6 percentage points, respectively.

In value terms, Malaysia ($X) remains the largest copper powder supplier worldwide, comprising 39% of global exports. The second position in the ranking was held by Singapore ($X), with an 11% share of global exports. It was followed by Germany, with a 10% share.

In Malaysia, copper powder exports increased at an average annual rate of +46.0% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Singapore (+82.8% per year) and Germany (+0.8% per year).

Export Prices by Country

In 2021, the average copper powder export price amounted to $X per ton, increasing by 20% against the previous year. Overall, the export price, however, showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 when the average export price increased by 25%. The global export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Japan ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+3.7%), while the other global leaders experienced more modest paces of growth.

Copper Powder Imports

Imports

After three years of growth, purchases abroad of copper powders and flakes decreased by -46.6% to X tons in 2021. Over the period under review, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 when imports increased by 106%. As a result, imports attained the peak of X tons, and then shrank remarkably in the following year.

In value terms, copper powder imports shrank to $X in 2021. Overall, total imports indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +2.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +81.5% against 2016 indices. The pace of growth was the most pronounced in 2020 when imports increased by 65%. As a result, imports attained the peak of $X, and then declined in the following year.

Imports by Country

In 2021, Singapore (X tons), distantly followed by Germany (X tons), China (X tons), Italy (X tons) and Taiwan (Chinese) (X tons) were the largest importers of copper powders and flakes, together constituting 49% of total imports. Thailand (X tons), Canada (X tons), the United States (X tons), South Korea (X tons), France (X tons), Belgium (X tons), Malaysia (X tons) and Austria (X tons) followed a long way behind the leaders.

Singapore was also the fastest-growing in terms of the copper powders and flakes imports, with a CAGR of +21.2% from 2012 to 2021. At the same time, Malaysia (+20.4%), Belgium (+11.2%), China (+9.6%), Austria (+4.3%), Italy (+2.8%), Taiwan (Chinese) (+2.3%), Canada (+2.2%) and France (+1.9%) displayed positive paces of growth. By contrast, the United States (-2.3%), Germany (-2.6%), Thailand (-10.3%) and South Korea (-10.4%) illustrated a downward trend over the same period. While the share of Singapore (+17 p.p.), China (+4.9 p.p.), Malaysia (+2.4 p.p.) and Belgium (+2 p.p.) increased significantly in terms of the global imports from 2012-2021, the share of Germany (-2.2 p.p.), South Korea (-5.9 p.p.) and Thailand (-6.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X), Germany ($X) and China ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 38% share of global imports.

Among the main importing countries, Singapore, with a CAGR of +25.8%, saw the highest growth rate of 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

The average copper powder import price stood at $X per ton in 2021, increasing by 65% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.0%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was South Korea ($X per ton), while Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+23.9%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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