Brazil: Market for Copper Bars, Wire And Plates 2024

Market Size for Copper Bars, Wire And Plates in Brazil

The Brazilian market for copper bars, wire and plates expanded to $X in 2023, increasing by X% against the previous year. In general, consumption showed a noticeable descent. Copper bars, wire and plates consumption peaked at $X in 2012; however, from 2013 to 2023, consumption remained at a lower figure.

Production of Copper Bars, Wire And Plates in Brazil

In value terms, copper bars, wire and plates production stood at $X in 2023 estimated in export price. Over the period under review, production saw a noticeable downturn. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. Copper bars, wire and plates production peaked at $X in 2012; however, from 2013 to 2023, production stood at a somewhat lower figure.

Exports of Copper Bars, Wire And Plates

Exports from Brazil

Copper bars, wire and plates exports from Brazil fell to X tons in 2023, waning by X% compared with the year before. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of X%. As a result, the exports reached the peak of X tons. From 2020 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, copper bars, wire and plates exports shrank remarkably 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-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The exports peaked at $X in 2019; however, from 2020 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Argentina (X tons), the United States (X tons) and Mexico (X tons) were the main destinations of copper bars, wire and plates exports from Brazil, together accounting for X% of total exports. Paraguay, Uruguay, Bolivia, Italy, Colombia and Ecuador lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ecuador (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Argentina ($X), the United States ($X) and Paraguay ($X) were the largest markets for copper bars, wire and plates exported from Brazil worldwide, with a combined X% share of total exports. Mexico, Uruguay, Bolivia, Italy, Colombia and Ecuador lagged somewhat behind, together comprising a further X%.

Ecuador, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for copper bars, wire and plates stood at $X per ton in 2023, dropping by X% against the previous year. In general, the export price, however, saw 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, the average export prices hit record highs at $X per ton in 2022, and then reduced modestly in the following year.

Average prices varied somewhat for the major external markets. In 2023, amid the top suppliers, the highest price was recorded for prices to Italy ($X per ton) and Argentina ($X per ton), while the average price for exports to Colombia ($X per ton) and Mexico ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper Bars, Wire And Plates

Imports into Brazil

In 2023, purchases abroad of copper bars, wire and plates decreased by X% to X tons, falling for the second year in a row after two years of growth. Overall, imports showed a abrupt curtailment. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2023, the growth of imports remained at a lower figure.

In value terms, copper bars, wire and plates imports dropped notably to $X in 2023. In general, imports showed a deep setback. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, Chile (X tons) constituted the largest supplier of copper bars, wire and plates to Brazil, accounting for a X% share of total imports. Moreover, copper bars, wire and plates imports from Chile exceeded the figures recorded by the second-largest supplier, the United States (X tons), fivefold. Germany (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from Chile totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Germany (X% per year).

In value terms, Chile ($X) constituted the largest supplier of copper bars, wire and plates to Brazil, comprising X% of total imports. The second position in the ranking was held by the United States ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from Chile stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Germany (X% per year).

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. In general, import price indicated a tangible increase 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 import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2022, and then dropped modestly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform