Belarus: Market for Copper Bars, Rods and Profiles 2024

Market Size for Copper Bars, Rods and Profiles in Belarus

In 2022, the Belarusian market for copper bars, rods and profiles decreased by -23.1% to $X for the first time since 2018, thus ending a three-year rising trend. In general, consumption recorded a perceptible decrease. Copper bar, rod and profile consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Exports of Copper Bars, Rods and Profiles

Exports from Belarus

In 2022, exports of copper bars, rods and profiles from Belarus soared to X tons, growing by 30% against the previous year. In general, exports saw a significant expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 770% against the previous year. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, copper bar, rod and profile exports rose to $X in 2022. Overall, exports showed significant growth. The pace of growth appeared the most rapid in 2016 when exports increased by 273% against the previous year. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Ukraine (X tons) was the main destination for copper bar, rod and profile exports from Belarus, accounting for a 75% share of total exports. Moreover, copper bar, rod and profile exports to Ukraine exceeded the volume sent to the second major destination, Russia (X tons), fourfold.

From 2012 to 2022, the average annual growth rate of volume to Ukraine amounted to +3.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+13.9% per year) and Lithuania (+0.3% per year).

In value terms, Ukraine ($X) remains the key foreign market for copper bars, rods and profiles exports from Belarus, comprising 82% of total exports. The second position in the ranking was held by Russia ($X), with a 12% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Ukraine stood at +4.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+2.6% per year) and Lithuania (+2.0% per year).

Export Prices by Country

The average export price for copper bars, rods and profiles stood at $X per ton in 2022, reducing by -21.7% against the previous year. In general, the export price continues to indicate a noticeable curtailment. The pace of growth appeared the most rapid in 2015 when the average export price increased by 49%. As a result, the export price attained the peak level of $X per ton. From 2016 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Lithuania ($X per ton), while the average price for exports to Russia ($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 Lithuania (+1.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper Bars, Rods and Profiles

Imports into Belarus

In 2022, the amount of copper bars, rods and profiles imported into Belarus contracted to X tons, reducing by -6.3% compared with the year before. Over the period under review, imports saw a noticeable contraction. The most prominent rate of growth was recorded in 2016 when imports increased by 29% against the previous year. Over the period under review, imports reached the maximum at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, copper bar, rod and profile imports shrank dramatically to $X in 2022. Overall, imports continue to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2016 when imports increased by 37%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Russia (X tons) constituted the largest copper bar, rod and profile supplier to Belarus, accounting for a 86% share of total imports. Moreover, copper bar, rod and profile imports from Russia exceeded the figures recorded by the second-largest supplier, Ukraine (X tons), more than tenfold. The third position in this ranking was taken by China (X tons), with a 4.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Russia totaled -1.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (-12.0% per year) and China (+62.7% per year).

In value terms, Russia ($X) constituted the largest supplier of copper bars, rods and profiles to Belarus, comprising 78% of total imports. The second position in the ranking was taken by China ($X), with a 13% share of total imports. It was followed by Ukraine, with a 5.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Russia totaled -3.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+65.5% per year) and Ukraine (-15.5% per year).

Import Prices by Country

In 2022, the average import price for copper bars, rods and profiles amounted to $X per ton, falling by -21.3% against the previous year. In general, the import price recorded a mild descent. The pace of growth appeared the most rapid in 2021 an increase of 31%. As a result, import price reached the peak level of $X per ton, and then declined markedly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+1.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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