China: Copper Wire Industry ranks No. 1 Accounting for 43.10% of Global Supply
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According to the report “Global and China Copper Alloy Bar and Wire Industry Report 2010-2012” China's output of copper alloy bar and wire products both ranks No. 1 in the world, accounting for 19.96% and 43.10% of the global total respectively. Presently, copper alloy bar and wire are in tight supply in the Chinese market, but the supply gap is shrinking and the supply-demand relationship tends towards balance year by year.
According to the report the industry growth rate of copper alloy bar output began to slow down from 2006 to 2010, the output CAGRs of China's copper alloy bar, precision copper alloy bar and eco-friendly copper alloy bar hit 2.47%, 16.2% and 53.8% separately. Over the same period, the output CAGRs of China's copper alloy wire and special copper alloy wire recorded 10.4% and 15.8% respectively.
The product structure of copper alloy bar and wire industry is unreasonable, the percentage of high-tech and high value-added products is small, and some products still rely on imports. In 2009, medium and high-end products made up barely 32.8% of the total output of copper alloy bar and wire products inChina. Moreover,Chinais a net importer of such medium and high-end products as precision copper alloy bar, eco-friendly copper alloy bar and special copper alloy wire.
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