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Pakistan - Copper - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPakistan: Copper Market 2024
Copper Market Size in Pakistan
For the fifth year in a row, the Pakistani copper market recorded decline in sales value, which decreased by -67% to $X in 2022. Overall, consumption continues to indicate a significant decline. The growth pace was the most rapid in 2017 with an increase of 1.8% against the previous year. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.
Copper Production in Pakistan
In value terms, copper production expanded to $X in 2022 estimated in export price. Over the period under review, production saw a deep setback. The most prominent rate of growth was recorded in 2019 when the production volume increased by 46%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.
Copper Exports
Exports from Pakistan
After ten years of growth, overseas shipments of copper decreased by -25.5% to X tons in 2022. In general, exports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2014 when exports increased by 755%. The exports peaked at X tons in 2021, and then declined significantly in the following year.
In value terms, copper exports reduced modestly to $X in 2022. Overall, exports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2014 with an increase of 768% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then fell in the following year.
Exports by Country
China (X tons) was the main destination for copper exports from Pakistan, accounting for a 81% share of total exports. Moreover, copper exports to China exceeded the volume sent to the second major destination, Belgium (X tons), eightfold. The third position in this ranking was held by Hong Kong SAR (X tons), with a 5.8% share.
From 2012 to 2022, the average annual rate of growth in terms of volume to China amounted to +113.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+122.1% per year) and Hong Kong SAR (+128.0% per year).
In value terms, China ($X) remains the key foreign market for copper exports from Pakistan, comprising 75% of total exports. The second position in the ranking was held by Belgium ($X), with a 17% share of total exports. It was followed by Japan, with a 4.7% share.
From 2012 to 2022, the average annual rate of growth in terms of value to China amounted to +123.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+150.3% per year) and Japan (+75.5% per year).
Export Prices by Country
The average copper export price stood at $X per ton in 2022, increasing by 30% against the previous year. Overall, the export price enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2021 when the average export price increased by 33%. The export price peaked in 2022 and is likely to see gradual growth in years to come.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to Hong Kong SAR ($X per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+25.1%), while the prices for the other major destinations experienced more modest paces of growth.
Copper Imports
Imports into Pakistan
Copper imports into Pakistan rose sharply to X tons in 2022, with an increase of 14% on the previous year's figure. In general, imports, however, continue to indicate a deep setback. The growth pace was the most rapid in 2017 with an increase of 573% against the previous year. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.
In value terms, copper imports soared to $X in 2022. Over the period under review, imports saw a slight increase. The most prominent rate of growth was recorded in 2020 when imports increased by 938%. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports failed to regain momentum.
Imports by Country
Malaysia (X tons), Kuwait (X tons) and Singapore (X tons) were the main suppliers of copper imports to Pakistan, with a combined 69% share of total imports.
From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Singapore (with a CAGR of +52.2%), while imports for the other leaders experienced more modest paces of growth.
In value terms, Singapore ($X) constituted the largest supplier of copper to Pakistan, comprising 50% of total imports. The second position in the ranking was held by Malaysia ($X), with a 22% share of total imports. It was followed by the United States, with an 11% share.
From 2012 to 2022, the average annual rate of growth in terms of value from Singapore amounted to +56.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+21.2% per year) and the United States (+20.6% per year).
Import Prices by Country
The average copper import price stood at $X per ton in 2022, increasing by 14% against the previous year. In general, the import price posted a significant increase. The most prominent rate of growth was recorded in 2020 when the average import price increased by 113% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($X per ton), while the price for Kuwait ($X per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+17.1%), while the prices for the other major suppliers experienced more modest paces of growth.
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Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the copper market in Pakistan. 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:
- Prodcom 24441200 - Unrefined copper, copper anodes for electrolytic refining (including blister copper) (excluding electrocopper-plating, e lectroplating anodes)
Country coverage:
- Pakistan
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Pakistan
- 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
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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
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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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