Copper Powder Market

The global copper powder market is expected to experience growth over the next eight years, with a forecasted CAGR of +1.2% in volume and +3.6% in value from 2022 to 2030. Key consuming countries include China, Democratic Republic of the Congo, and India, while Malaysia leads in production and exports. Import/export data shows steady growth, with Malaysia and China seeing significant increases in both imports and exports. Price fluctuations have been observed, with the average export price dropping in 2022. Overall, the market is projected to show a positive trend in the coming years.

Market Forecast

Driven by rising demand for copper powder worldwide, the market is expected to start an upward consumption trend over the next eight-year period. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +1.2% for the period from 2022 to 2030, which is projected to bring the market volume to 481K tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +3.6% for the period from 2022 to 2030, which is projected to bring the market value to $5B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Copper Powders And Flakes

In 2022, after three years of decline, there was growth in consumption of copper powders and flakes, when its volume increased by 2.3% to 436K tons. Overall, consumption, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the consumption volume increased by 4.5%. Global consumption peaked at 506K tons in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

The global copper powder market revenue declined modestly to $3.8B in 2022, reducing by -2.3% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, continues to indicate a noticeable setback. The pace of growth was the most pronounced in 2017 with an increase of 9.1% against the previous year. Global consumption peaked at $4.8B in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were China (79K tons), Democratic Republic of the Congo (68K tons) and India (55K tons), with a combined 46% share of global consumption. Malaysia, Russia, Brazil, Mexico, Germany, Turkey, the United States, Italy, Thailand and Japan lagged somewhat behind, together comprising a further 39%.

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the key consuming countries, was attained by Malaysia (with a CAGR of +21.2%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, China ($907M), Democratic Republic of the Congo ($483M) and India ($355M) constituted the countries with the highest levels of market value in 2022, together accounting for 46% of the global market. Malaysia, Russia, Brazil, Germany, Mexico, Japan, the United States, Italy, Turkey and Thailand lagged somewhat behind, together accounting for a further 36%.

Malaysia, with a CAGR of +18.6%, recorded the highest growth rate of market size among the main consuming countries over the period under review, while market for the other global leaders experienced more modest paces of growth.

The countries with the highest levels of copper powder per capita consumption in 2022 were Malaysia (1,332 kg per 1000 persons), Democratic Republic of the Congo (718 kg per 1000 persons) and Italy (173 kg per 1000 persons).

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of +19.7%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World Production of Copper Powders And Flakes

In 2022, global production of copper powders and flakes reduced to 600K tons, declining by -8.4% against the previous year. The total output volume increased at an average annual rate of +1.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 20%. Global production peaked at 662K tons in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

In value terms, copper powder production shrank slightly to $4.3B in 2022 estimated in export price. In general, production recorded a mild shrinkage. The most prominent rate of growth was recorded in 2021 when the production volume increased by 16%. Over the period under review, global production hit record highs at $5.4B in 2018; however, from 2019 to 2022, production remained at a lower figure.

Production By Country

Malaysia (157K tons) constituted the country with the largest volume of copper powder production, comprising approx. 26% of total volume. Moreover, copper powder production in Malaysia exceeded the figures recorded by the second-largest producer, Democratic Republic of the Congo (69K tons), twofold. The third position in this ranking was taken by China (65K tons), with an 11% share.

From 2012 to 2022, the average annual growth rate of volume in Malaysia stood at +31.0%. The remaining producing countries recorded the following average annual rates of production growth: Democratic Republic of the Congo (+2.6% per year) and China (-6.0% per year).

Imports

World Imports of Copper Powders And Flakes

In 2022, approx. 174K tons of copper powders and flakes were imported worldwide; increasing by 155% against 2021 figures. In general, imports continue to indicate a strong expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, copper powder imports surged to $1B in 2022. Overall, imports showed a perceptible expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 66% against the previous year. Global imports peaked in 2022 and are likely to see steady growth in the immediate term.

Imports By Country

Malaysia prevails in imports structure, amounting to 113K tons, which was approx. 65% of total imports in 2022. It was distantly followed by China (17K tons), committing a 9.8% share of total imports. Germany (7K tons), Italy (4.2K tons) and the United States (2.9K tons) followed a long way behind the leaders.

Malaysia was also the fastest-growing in terms of the copper powders and flakes imports, with a CAGR of +73.0% from 2012 to 2022. At the same time, China (+20.2%) and Italy (+3.2%) displayed positive paces of growth. By contrast, the United States (-2.3%) and Germany (-2.8%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Malaysia and China increased by +64 and +5.7 percentage points, respectively.

In value terms, the largest copper powder importing markets worldwide were China ($279M), Malaysia ($223M) and Germany ($82M), together accounting for 56% of global imports.

Malaysia, with a CAGR of +57.3%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Imports By Type

In 2022, copper; powders of lamellar structure, flakes (121K tons) represented the major type of copper powders and flakes, comprising 70% of total imports. It was distantly followed by copper; powders of non-lamellar structure (53K tons), committing a 30% share of total imports.

Copper; powders of lamellar structure, flakes was also the fastest-growing in terms of imports, with a CAGR of +25.6% from 2012 to 2022. Copper; powders of non-lamellar structure experienced a relatively flat trend pattern. From 2012 to 2022, the share of copper; powders of lamellar structure, flakes increased by +49 percentage points.

In value terms, copper; powders of non-lamellar structure ($702M) constitutes the largest type of copper powders and flakes imported worldwide, comprising 68% of global imports. The second position in the ranking was taken by copper; powders of lamellar structure, flakes ($334M), with a 32% share of global imports.

From 2012 to 2022, the average annual rate of growth in terms of the value of copper; powders of non-lamellar structure imports stood at +3.3%.

Import Prices By Type

The average copper powder import price stood at $5,937 per ton in 2022, dropping by -52% against the previous year. Over the period under review, the import price recorded a noticeable decline. The most prominent rate of growth was recorded in 2021 an increase of 74%. As a result, import price reached the peak level of $12,376 per ton, and then reduced markedly in the following year.

Prices varied noticeably by the product type; the product with the highest price was copper; powders of non-lamellar structure ($13,231 per ton), while the price for copper; powders of lamellar structure, flakes stood at $2,750 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by copper; powders of non-lamellar structure (+2.5%).

Import Prices By Country

In 2022, the average copper powder import price amounted to $5,937 per ton, falling by -52% against the previous year. In general, the import price showed a noticeable decline. The pace of growth was the most pronounced in 2021 an increase of 74%. As a result, import price attained the peak level of $12,376 per ton, and then shrank dramatically in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($16,363 per ton), while Malaysia ($1,968 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+2.4%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Copper Powders And Flakes

For the seventh consecutive year, the global market recorded growth in overseas shipments of copper powders and flakes, which increased by 14% to 339K tons in 2022. Overall, exports showed a resilient expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 47%. The global exports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, copper powder exports rose rapidly to $1.6B in 2022. Over the period under review, exports posted a prominent expansion. The pace of growth was the most pronounced in 2017 when exports increased by 41%. The global exports peaked in 2022 and are expected to retain growth in the near future.

Exports By Country

Malaysia dominates exports structure, amounting to 227K tons, which was approx. 67% of total exports in 2022. It was distantly followed by the United States (24K tons), constituting a 7% share of total exports. Russia (10K tons), Singapore (9.5K tons), Germany (9.1K tons), Canada (8.2K tons), the UK (6.7K tons) and Italy (6.4K tons) held a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to copper powder exports from Malaysia stood at +47.7%. At the same time, Singapore (+56.0%), Canada (+55.8%), the United States (+10.8%), the UK (+5.5%) and Russia (+3.4%) displayed positive paces of growth. Moreover, Singapore emerged as the fastest-growing exporter exported in the world, with a CAGR of +56.0% from 2012-2022. Italy experienced a relatively flat trend pattern. By contrast, Germany (-1.4%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Malaysia, Singapore and Canada increased by +62, +2.7 and +2.3 percentage points, respectively.

In value terms, Malaysia ($677M) remains the largest copper powder supplier worldwide, comprising 43% of global exports. The second position in the ranking was held by the United States ($155M), with a 9.7% share of global exports. It was followed by Germany, with an 8.4% share.

In Malaysia, copper powder exports increased at an average annual rate of +43.0% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the United States (+6.7% per year) and Germany (-0.3% per year).

Exports By Type

In 2022, copper; powders of lamellar structure, flakes (215K tons) represented the largest type of copper powders and flakes, committing 63% of total exports. It was distantly followed by copper; powders of non-lamellar structure (124K tons), comprising a 37% share of total exports.

From 2012 to 2022, the biggest increases were recorded for copper; powders of lamellar structure, flakes (with a CAGR of +19.7%).

In value terms, copper; powders of lamellar structure, flakes ($874M) and copper; powders of non-lamellar structure ($719M) constituted the products with the highest levels of exports in 2022.

Copper; powders of lamellar structure, flakes, with a CAGR of +12.5%, saw the highest rates of growth with regard to the value of exports, in terms of the main exported products over the period under review.

Export Prices By Type

In 2022, the average copper powder export price amounted to $4,702 per ton, reducing by -4.9% against the previous year. In general, the export price saw a abrupt slump. The pace of growth was the most pronounced in 2021 an increase of 3.9%. Over the period under review, the average export prices hit record highs at $8,601 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exported products. In 2022, the product with the highest price was copper; powders of non-lamellar structure ($5,807 per ton), while the average price for exports of copper; powders of lamellar structure, flakes stood at $4,065 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by copper; powders of non-lamellar structure (-4.4%).

Export Prices By Country

In 2022, the average copper powder export price amounted to $4,702 per ton, declining by -4.9% against the previous year. In general, the export price saw a drastic downturn. The pace of growth appeared the most rapid in 2021 when the average export price increased by 3.9% against the previous year. The global export price peaked at $8,601 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($14,672 per ton), while Malaysia ($2,989 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+2.0%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform