Product Code: ETC008504 | Publication Date: Aug 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
India Copper Market registered a growth of 105.42% in value shipments in 2022 as compared to 2021 and an increase of 19.54% CAGR in 2022 over a period of 2017. In Copper Market India is becoming less competitive as HHI index in 2022 was 4126 while in 2017 it was 4056. Herfindahl Index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means less numbers of players or countries exporting in the market. India has reportedly relied more on imports to meet its growing demand in Copper Market.
India is unable to meet its increasing needs of this product with domestic production hence we see the trend is shifting towards import shipment to meet its demand The import factor of Copper Market in 2022 was 4.39 while in 2017 it was 1.52. Germany, China, Poland, Belgium and Italy were among the top players of the market in 2022, where Germany acquired the largest market share of 52.46% with a shipment value of 4.25 million USD in 2022 Germany also offered the product below the average market price thus having a competitive advantage over others In 2017 China had the largest market share of 59.52% with the shipment value of 0.8 million USD. The country was offering its product with an average price which is lower than the average market price offered in the country. As China price is lower than the average price, it provided a significant edge among other competitor in 2017.
The India copper market size was valued at USD 124.2 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 4.4% from 2020 to 2026. Copper is an essential metal that has been widely used in various industries for centuries due its superior properties such as electrical conductivity, thermal conductivity, ductility, malleability, corrosion resistance and toughness among others. These key properties make it the ideal material for numerous applications ranging from construction to electronics and medical devices. The utilization of copper has increased significantly over the past few decades driven by advancements in manufacturing technology and increased industrialization across many emerging economies including India which are further expected to fuel industry demand going forward during the forecast period.
• Increase in Demand for Electrical & Electronic Equipment: Growing installation of renewable energy sources coupled with rising consumer electronic products sales have propelled the demand for wiring & cables made up of copper which will drive product consumption within this segment over the coming years
• Increased Use In Construction Industry: Due to its strength & durability characteristics as well as high recyclability factor, increasing use of copper tubes & pipes within building networks especially HVAC systems have led major manufacturers towards expanding their production capacity along with exploring potential opportunities arising out of renovation activities taken place specifically in commercial buildings.
• Volatility In Prices Of Raw Materials : Fluctuating prices related to raw materials such as coke or coal may lead towards disrupting entire supply chain resulting into unavailability or shortage thus hampering overall business operations on regular basis if not monitored properly
• Increasing Adoption Of Renewable Energy Sources : Rising awareness regarding environment protection along with stringent regulations enforced by governments globally has resulted into increasing adoption of renewable energy sources such as wind turbines or solar panels thus propelling sale volumes when it comes down consuming utilized components like inverters or batteries manufactured using coper alloys
Indian Copper Limited Company , Sterlite Industries , Bharat Bijlee Ltd., RPG Cables Ltd., Jyoti Cables Pvt Ltd., Finolex Wires Pvt Ltd., Polycab Wires Pvt ltd., Havells India Limited etc .
The outbreak caused disruption across many industries worldwide leading towards unavailability/ delay associated with shipments involving raw materials / finished goods causing financial losses on large scale while affecting production.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Copper Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Copper Market Revenues & Volume, 2019 & 2026F |
3.3 India Copper Market - Industry Life Cycle |
3.4 India Copper Market - Porter's Five Forces |
3.5 India Copper Market Revenues & Volume Share, By Applications, 2019 & 2026F |
3.6 India Copper Market Revenues & Volume Share, By Product Type, 2019 & 2026F |
4 India Copper Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 India Copper Market Trends |
6 India Copper Market, By Types |
6.1 India Copper Market, By Applications |
6.1.1 Overview and Analysis |
6.1.2 India Copper Market Revenues & Volume, By Applications, 2016 - 2026F |
6.1.3 India Copper Market Revenues & Volume, By Building & Construction, 2016 - 2026F |
6.1.4 India Copper Market Revenues & Volume, By Electrical & Electronics, 2016 - 2026F |
6.1.5 India Copper Market Revenues & Volume, By Industrial Machinery & Equipment, 2016 - 2026F |
6.1.6 India Copper Market Revenues & Volume, By Transportation, 2016 - 2026F |
6.1.7 India Copper Market Revenues & Volume, By Consumer & General Products, 2016 - 2026F |
6.2 India Copper Market, By Product Type |
6.2.1 Overview and Analysis |
6.2.2 India Copper Market Revenues & Volume, By Rods and Wires, 2016 - 2026F |
6.2.3 India Copper Market Revenues & Volume, By Plates and Strips, 2016 - 2026F |
6.2.4 India Copper Market Revenues & Volume, By Tubes, 2016 - 2026F |
6.2.5 India Copper Market Revenues & Volume, By Others, 2016 - 2026F |
7 India Copper Market Import-Export Trade Statistics |
7.1 India Copper Market Export to Major Countries |
7.2 India Copper Market Imports from Major Countries |
8 India Copper Market Key Performance Indicators |
9 India Copper Market - Opportunity Assessment |
9.1 India Copper Market Opportunity Assessment, By Applications, 2019 & 2026F |
9.2 India Copper Market Opportunity Assessment, By Product Type, 2019 & 2026F |
10 India Copper Market - Competitive Landscape |
10.1 India Copper Market Revenue Share, By Companies, 2019 |
10.2 India Copper Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |