U.S. Copper And Copper Alloy Products Market. Analysis And Forecast to 2030
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View PricingPrice for Copper and Copper Alloy Product in the United States - 2023
Contents:
- Price for Copper and Copper Alloy Product in the United States (CIF) - 2023
- Price for Copper and Copper Alloy Product in the United States (FOB) - 2023
- Imports of Copper and Copper Alloy Product in the United States
- Exports of Copper and Copper Alloy Product in the United States
Price for Copper and Copper Alloy Product in the United States (CIF) - 2023
In August 2023, the average import price for copper and copper alloy products amounted to $10,758 per ton, increasing by 3.1% against the previous month. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in February 2023 when the average import price increased by 3.2% against the previous month. The import price peaked at $10,850 per ton in May 2023; afterwards, it flattened through to August 2023.
Prices varied noticeably by the country of origin: the country with the highest price was France ($16,687 per ton), while the price for Brazil ($8,506 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Germany (+1.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Copper and Copper Alloy Product in the United States (FOB) - 2023
In August 2023, the average export price for copper and copper alloy products amounted to $10,332 per ton, rising by 8% against the previous month. Overall, the export price recorded a relatively flat trend pattern. The export price peaked at $11,227 per ton in February 2023; however, from March 2023 to August 2023, the export prices remained at a lower figure.
Average prices varied somewhat for the major overseas markets. In August 2023, the country with the highest price was Saudi Arabia ($12,969 per ton), while the average price for exports to Mexico ($9,311 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+1.5%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Copper and Copper Alloy Product in the United States
Copper and copper alloy product imports into the United States expanded markedly to 568K tons in 2022, surging by 11% against the previous year's figure. The total import volume increased at an average annual rate of +7.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 22% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.
In value terms, copper and copper alloy product imports soared to $6.1B in 2022. Over the period under review, imports showed a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 63%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Copper and Copper Alloy Product in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 1,317 | 1,170 | 1,960 | 2,007 | 15.1% |
| Mexico | 502 | 475 | 714 | 819 | 17.7% |
| Germany | 479 | 401 | 684 | 691 | 13.0% |
| South Korea | 172 | 186 | 347 | 390 | 31.4% |
| Thailand | 15.7 | 40.5 | 189 | 289 | 164.0% |
| Brazil | 72.0 | 79.3 | 133 | 243 | 50.0% |
| Peru | 101 | 90.7 | 189 | 243 | 34.0% |
| China | 87.8 | 54.6 | 92.7 | 160 | 22.1% |
| India | 41.6 | 32.2 | 76.1 | 146 | 52.0% |
| Bahrain | 7.9 | 16.7 | 52.5 | 111 | 141.3% |
| Vietnam | 182 | 241 | 41.3 | 52.4 | -34.0% |
| Others | 503 | 413 | 743 | 900 | 21.4% |
| Total | 3,480 | 3,199 | 5,221 | 6,052 | 20.3% |
Top Suppliers of Copper and Copper Alloy Product to the United States in 2022:
- Canada (203.2K tons)
- Mexico (75.8K tons)
- Germany (52.4K tons)
- South Korea (36.0K tons)
- Brazil (26.6K tons)
- Thailand (26.5K tons)
- Peru (23.7K tons)
- India (13.5K tons)
- China (13.1K tons)
- Bahrain (10.1K tons)
- Vietnam (3.9K tons)
Exports of Copper and Copper Alloy Product in the United States
In 2022, the amount of copper and copper alloy products exported from the United States expanded modestly to 339K tons, picking up by 1.8% compared with the year before. The total export volume increased at an average annual rate of +1.0% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 20% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in the near future.
In value terms, copper and copper alloy product exports reached $3.7B in 2022. Overall, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +10.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +57.5% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 47% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in the immediate term.
| Export of Copper and Copper Alloy Product in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 1,494 | 1,242 | 1,837 | 1,999 | 10.2% |
| Canada | 587 | 540 | 929 | 905 | 15.5% |
| Saudi Arabia | 17.4 | 20.4 | 65.3 | 120 | 90.3% |
| China | 102 | 123 | 91.6 | 100 | -0.7% |
| Others | 501 | 410 | 514 | 552 | 3.3% |
| Total | 2,702 | 2,334 | 3,437 | 3,676 | 10.8% |
Top Export Markets for Copper and Copper Alloy Product from the United States in 2022:
- Mexico (202.5K tons)
- Canada (84.8K tons)
- Saudi Arabia (9.5K tons)
- China (5.7K tons)
This report provides an in-depth analysis of the market for copper and copper alloy product in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- NAICS 331420 - Copper rolling, drawing, extruding, and alloying
Companies mentioned:
- Southwire Company
- General Cable Corporation
- Belden Inc.
- Monster
- Tensolite
- Hcl Liquidation Ltd.
- The Okonite Company
- Champlain Cable Corporation
- Rscc Wire & Cable
- Global Brass and Copper
- Cerro Flow Products
- Cerro Wire
- Aurubis Buffalo
- Alan Wire Company
- Wolverine Tube
- Heyco Inc.
- Belden Wire & Cable Company
- Gd Copper (u.s.a.)
- Alcan Corporation
- Materion Brush
- Wieland Copper Products
- Camden Wire Co
- Mueller Copper Tube Products
- Mueller Brass Co.
- International Wire Group
- Phelps Dodge Africa Cable Corporation
- Huber + Suhner (usa) Corporation
- General Cable Industries
- Global Brass and Copper Holdings
- Gbc Metals
- Mueller Brass Holding Company
- Heyco Products
- International Wire Group
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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