Asia-Pacific: Market for Copper Bars, Rods and Profiles 2024

Market Size for Copper Bars, Rods and Profiles in Asia-Pacific

The Asia-Pacific market for copper bars, rods and profiles amounted to $X in 2023, with an increase of X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2021; however, from 2022 to 2023, consumption failed to regain momentum.

Production of Copper Bars, Rods and Profiles in Asia-Pacific

In value terms, copper bar, rod and profile production amounted to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

Exports of Copper Bars, Rods and Profiles

Exports in Asia-Pacific

In 2023, overseas shipments of copper bars, rods and profiles decreased by X% to X tons, falling for the second consecutive year after two years of growth. In general, exports saw a pronounced contraction. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2016 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, copper bar, rod and profile exports contracted to $X in 2023. Over the period under review, exports showed a mild slump. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2022 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2023, South Korea (X tons), distantly followed by Taiwan (Chinese) (X tons), Thailand (X tons), China (X tons), Malaysia (X tons), Japan (X tons) and Indonesia (X tons) were the largest exporters of copper bars, rods and profiles, together mixing up X% of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by China (with a CAGR of X%), while the other leaders experienced mixed trends in the exports figures.

In value terms, the largest copper bar, rod and profile supplying countries in Asia-Pacific were South Korea ($X), China ($X) and Taiwan (Chinese) ($X), together accounting for X% of total exports.

China, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2023, remaining relatively unchanged against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 an increase of X%. The level of export peaked at $X per ton in 2022, and then reduced in the following year.

Average prices varied somewhat amongst the major exporting countries. In 2023, major exporting countries recorded the following prices: in China ($X per ton) and Japan ($X per ton), while South Korea ($X per ton) and Malaysia ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the other leaders experienced more modest paces of growth.

Imports of Copper Bars, Rods and Profiles

Imports in Asia-Pacific

In 2023, approx. X tons of copper bars, rods and profiles were imported in Asia-Pacific; which is down by X% on the previous year. Overall, imports recorded a pronounced downturn. The pace of growth appeared the most rapid in 2013 when imports increased by X%. As a result, imports attained the peak of X tons. From 2014 to 2023, the growth of imports failed to regain momentum.

In value terms, copper bar, rod and profile imports declined rapidly to $X in 2023. In general, imports saw a pronounced downturn. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, China (X tons), distantly followed by Taiwan (Chinese) (X tons), the Philippines (X tons), India (X tons), Vietnam (X tons), Thailand (X tons), Australia (X tons), Malaysia (X tons) and Japan (X tons) represented the largest importers of copper bars, rods and profiles, together making up X% of total imports.

From 2012 to 2023, average annual rates of growth with regard to copper bar, rod and profile imports into China stood at X%. At the same time, Vietnam (X%), Australia (X%), Taiwan (Chinese) (X%) and Japan (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of X% from 2012-2023. Thailand experienced a relatively flat trend pattern. By contrast, the Philippines (X%), India (X%) and Malaysia (X%) illustrated a downward trend over the same period. Vietnam (X p.p.), Taiwan (Chinese) (X p.p.), Australia (X p.p.), Japan (X p.p.) and Thailand (X p.p.) significantly strengthened its position in terms of the total imports, while China, India and Malaysia saw its share reduced by X%, X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest copper bar, rod and profile importing markets in Asia-Pacific were China ($X), Taiwan (Chinese) ($X) and India ($X), with a combined X% share of total imports. Australia, the Philippines, Vietnam, Japan, Thailand and Malaysia lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Vietnam, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in Asia-Pacific amounted to $X per ton, with a decrease of X% against the previous year. Import price indicated a modest expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, copper bar, rod and profile import price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when the import price increased by X%. Over the period under review, import prices reached the peak figure at $X per ton in 2022, and then dropped modestly in the following year.

Average prices varied somewhat amongst the major importing countries. In 2023, major importing countries recorded the following prices: in Japan ($X per ton) and Taiwan (Chinese) ($X per ton), while the Philippines ($X per ton) and Malaysia ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform