Malaysia: Market for Copper Bars, Wire And Plates 2024

Market Size for Copper Bars, Wire And Plates in Malaysia

The Malaysian market for copper bars, wire and plates surged to $X in 2023, increasing by X% against the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. Copper bars, wire and plates consumption peaked at $X in 2021; however, from 2022 to 2023, consumption remained at a lower figure.

Production of Copper Bars, Wire And Plates in Malaysia

In value terms, copper bars, wire and plates production skyrocketed to $X in 2023 estimated in export price. In general, the total production indicated a tangible 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, production decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2021 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2022 to 2023, production growth remained at a somewhat lower figure.

Exports of Copper Bars, Wire And Plates

Exports from Malaysia

Copper bars, wire and plates exports from Malaysia fell to X tons in 2023, with a decrease of X% compared with 2022 figures. Over the period under review, total exports indicated a perceptible expansion from 2012 to 2023: its volume 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 with an increase of X%. The exports peaked at X tons in 2019; however, from 2020 to 2023, the exports remained at a lower figure.

In value terms, copper bars, wire and plates exports fell remarkably to $X in 2023. In general, total exports indicated noticeable growth 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 decreased by X% against 2021 indices. The pace of growth appeared 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 exports failed to regain momentum.

Exports by Country

China (X tons), India (X tons) and Singapore (X tons) were the main destinations of copper bars, wire and plates exports from Malaysia, with a combined X% share of total exports. Australia, Taiwan (Chinese), Saudi Arabia, Indonesia, Thailand, Vietnam, the Philippines, Japan, New Zealand and Hong Kong SAR lagged somewhat behind, together comprising 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 Australia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X), India ($X) and Singapore ($X) constituted the largest markets for copper bars, wire and plates exported from Malaysia worldwide, with a combined X% share of total exports. Australia, Taiwan (Chinese), Saudi Arabia, Indonesia, Thailand, Vietnam, the Philippines, Japan, New Zealand and Hong Kong SAR lagged somewhat behind, together comprising a further X%.

Australia, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of 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, waning by X% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. 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 hit record highs at $X per ton in 2022, and then reduced in the following year.

There were significant differences in the average prices for the major external markets. In 2023, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

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

Imports of Copper Bars, Wire And Plates

Imports into Malaysia

In 2023, the amount of copper bars, wire and plates imported into Malaysia shrank to X tons, waning by X% against 2022. Over the period under review, imports showed a deep setback. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2021 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, copper bars, wire and plates imports dropped rapidly to $X in 2023. Overall, imports saw a noticeable shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2023, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), South Korea (X tons) and Indonesia (X tons) were the main suppliers of copper bars, wire and plates imports to Malaysia, together accounting for X% of total imports. Japan, Thailand, Taiwan (Chinese) and Singapore lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the biggest increases were recorded for Thailand (with a CAGR of X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest copper bars, wire and plates suppliers to Malaysia were China ($X), Japan ($X) and Indonesia ($X), with a combined X% share of total imports. South Korea, Thailand, Singapore and Taiwan (Chinese) lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Thailand, with a CAGR of X%, saw 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 average import price for copper bars, wire and plates amounted to $X per ton, falling by X% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X%. The import price peaked at $X per ton in 2022, and then contracted in the following year.

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

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

Source: IndexBox Platform