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

Market Size for Copper Bars, Wire And Plates

The global market for copper bars, wire and plates expanded modestly to $X in 2023, rising by X% against the previous year. Overall, consumption, however, recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2022 to 2023, the growth of the global market remained at a somewhat lower figure.

Production of Copper Bars, Wire And Plates

In value terms, copper bars, wire and plates 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; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2022 to 2023, global production growth failed to regain momentum.

Exports of Copper Bars, Wire And Plates

Exports

In 2023, global copper bars, wire and plates exports rose to X tons, increasing by X% against the year before. Overall, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the global exports attained the maximum at X tons in 2018; however, from 2019 to 2023, the exports stood at a somewhat lower figure.

In value terms, copper bars, wire and plates exports rose slightly to $X in 2023. In general, total exports indicated a slight expansion from 2012 to 2023: its value 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, exports decreased by X% against 2021 indices. The growth pace was the most rapid 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 global exports remained at a somewhat lower figure.

Exports by Country

In 2023, Germany (X tons), distantly followed by the United States (X tons), the United Arab Emirates (X tons), Belgium (X tons) and China (X tons) were the largest exporters of copper bars, wire and plates, together mixing up X% of total exports. Canada (X tons), Italy (X tons), Poland (X tons), Spain (X tons), South Korea (X tons), Thailand (X tons), France (X tons) and Japan (X tons) held a little share of total exports.

Germany experienced a relatively flat trend pattern with regard to volume of exports of copper bars, wire and plates. At the same time, China (X%), Thailand (X%), the United Arab Emirates (X%), Canada (X%), Belgium (X%), Poland (X%) and Spain (X%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2023. Japan, the United States, South Korea and Italy experienced a relatively flat trend pattern. By contrast, France (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of China, Thailand and the United Arab Emirates increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2023, the average annual growth rate of value in Germany totaled 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

In 2023, the average export price for copper bars, wire and plates amounted to $X per ton, leveling off at the previous year. In general, export price indicated modest growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, copper bars, wire and plates export price increased by X% against 2019 indices. The pace of growth was the most pronounced in 2021 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2022, and then contracted in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Japan ($X per ton), while Thailand ($X per ton) was amongst the lowest.

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

Imports of Copper Bars, Wire And Plates

Imports

In 2023, global copper bars, wire and plates imports declined modestly to X tons, remaining constant against the previous year. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Over the period under review, global imports attained the maximum at X tons in 2018; however, from 2019 to 2023, imports remained at a lower figure.

In value terms, copper bars, wire and plates imports reduced slightly to $X in 2023. Overall, total imports indicated a modest expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2022 to 2023, the growth of global imports failed to regain momentum.

Imports by Country

The countries with the highest levels of copper bars, wire and plates imports in 2023 were the United States (X tons), Italy (X tons), China (X tons), Germany (X tons), Mexico (X tons), France (X tons), India (X tons), the Czech Republic (X tons), Vietnam (X tons), Turkey (X tons), Morocco (X tons) and Thailand (X tons), together accounting for X% of total import. Belgium (X tons) held a minor share of total imports.

From 2012 to 2023, 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 ($X), Italy ($X) and China ($X), together accounting for X% of global imports. Germany, Mexico, France, India, the Czech Republic, Vietnam, Turkey, Thailand, Morocco and Belgium lagged somewhat behind, together comprising a further X%.

In terms of 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

The average import price for copper bars, wire and plates stood at $X per ton in 2023, which is down by X% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2022, and then fell modestly in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was China ($X per ton), while Belgium ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform