Copper: refined, unwrought, wire-bars

In 2024, copper: refined, unwrought, wire-bars trade exhibited strong growth, with global flows reaching $64,058,822 and a three-year compound annual growth rate of -23.0% (five-year: +12.9%). The all-time peak of $284,009,292 was recorded in 1995; the current level is 77% below that high-water mark.

Over the 30-year observation window (1995–2024), 48% of years recorded positive growth, indicating significant cyclicality with frequent contractions. Trend momentum is decelerating (-14.4% acceleration).

The World Trade Flows Characterization classifies copper: refined, unwrought, wire-bars as "One-way trade" in the medium price range price segment, providing additional context for market positioning and competitive dynamics.

The supply side is diversified (Herfindahl-Hirschman Index 0.143). The three largest exporters — Sudan ($67.0M), United States ($23.9M), and Russia ($23.5M) — collectively dominate supply flows.

On the demand side, importer concentration is moderately concentrated (HHI 0.150). The three largest import markets are Canada ($18.6M), Saudi Arabia ($10.5M), and China ($9.1M). The largest importing market sources from 4 different supplying countries.

Estimated substitution elasticity: -35.90. Buyers are highly price-sensitive and can switch between suppliers relatively easily.

The dominant trade corridor is United States → Canada at $18.4M, representing 99.3% of the importer's total demand.

The volatility score for copper: refined, unwrought, wire-bars is 14 out of 100, classified as low. Trade flows are relatively stable compared to other HS6 products, suggesting mature supply chains and predictable demand.

For market entrants, strong demand tailwinds create a favourable entry environment. The diversified supply landscape means many competitors but also multiple entry points and buyer relationships to target.

Data confidence is rated "High" based on reporting coverage and consistency across OECD member and partner countries.