Report Update Mar 1, 2025

Belarus - Refined Copper (Unwrought, not Alloyed) - Market Analysis, Forecast, Size, Trends and Insights

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Belarus: Refined Copper Market 2025

Refined Copper Market Size in Belarus

In 2022, the Belarusian refined copper market decreased by -0.1% to $X, falling for the second consecutive year after three years of growth. Overall, consumption recorded a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Refined Copper Production in Belarus

In value terms, refined copper production reached $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 41%. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Refined Copper Exports

Exports from Belarus

In 2022, shipments abroad of refined copper (unwrought, not alloyed) was finally on the rise to reach X tons after six years of decline. Over the period under review, exports enjoyed buoyant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, refined copper exports skyrocketed to $X in 2022. In general, exports continue to indicate a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Belgium (X tons) was the main destination for refined copper exports from Belarus, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Belgium totaled +36.0%.

In value terms, Belgium ($X) emerged as the key foreign market for refined copper (unwrought, not alloyed) exports from Belarus.

From 2012 to 2022, the average annual growth rate of value to Belgium totaled +38.8%.

Export Prices by Country

In 2022, the average refined copper export price amounted to $X per ton, surging by 14% against the previous year. Overall, export price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, refined copper export price increased by +117.3% against 2016 indices. The growth pace was the most rapid in 2018 an increase of 27%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.

As there is only one major export destination, the average price level is determined by prices for Belgium.

From 2012 to 2022, the rate of growth in terms of prices for Belgium amounted to +2.0% per year.

Refined Copper Imports

Imports into Belarus

In 2022, overseas purchases of refined copper (unwrought, not alloyed) increased by 22% to X tons for the first time since 2017, thus ending a four-year declining trend. In general, imports, however, continue to indicate a abrupt slump. The pace of growth appeared the most rapid in 2015 when imports increased by 160%. 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, refined copper imports expanded slightly to $X in 2022. Over the period under review, imports, however, faced a deep slump. The pace of growth was the most pronounced in 2015 with an increase of 101% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Russia (X tons) constituted the largest refined copper supplier to Belarus, accounting for a 70% share of total imports. Moreover, refined copper imports from Russia exceeded the figures recorded by the second-largest supplier, Germany (X tons), fourfold. Kazakhstan (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Russia totaled -10.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-10.5% per year) and Kazakhstan (-6.9% per year).

In value terms, Russia ($X) constituted the largest supplier of refined copper (unwrought, not alloyed) to Belarus, comprising 69% of total imports. The second position in the ranking was held by Germany ($X), with a 16% share of total imports. It was followed by Kazakhstan, with an 11% share.

From 2012 to 2022, the average annual growth rate of value from Russia stood at -6.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-13.4% per year) and Kazakhstan (-9.1% per year).

Import Prices by Country

The average refined copper import price stood at $X per ton in 2022, reducing by -15.6% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 45%. As a result, import price attained the peak level of $X per ton, and then fell remarkably in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+13.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for refined copper (unwrought, not alloyed) in the world?

China constituted the country with the largest volume of refined copper consumption, comprising approx. 23% of total volume. Moreover, refined copper consumption in China exceeded the figures recorded by the second-largest consumer, Russia, fivefold. The third position in this ranking was occupied by the United States, with a 4% share.

What are the largest producers of refined copper (unwrought, not alloyed) in the world?

The countries with the highest volumes of in 2021 were China, Chile and Russia, with a combined 24% share of global production. These countries were followed by Japan, Pakistan, Nigeria, Indonesia, Democratic Republic of the Congo, Australia, Mexico, India, Canada and Kazakhstan, which together accounted for a further 31%.

What are the leading suppliers of refined copper (unwrought, not alloyed) to Belarus?

In value terms, Russia constituted the largest supplier of refined copper to Belarus, comprising 79% of total imports. The second position in the ranking was occupied by Germany, with a 16% share of total imports.

What is the average export price for refined copper (unwrought, not alloyed) in Belarus?

The average refined copper export price stood at $4,968 per ton in 2021, rising by 99% against the previous year.

What is the average import price for refined copper (unwrought, not alloyed) in Belarus?

The average refined copper import price stood at $9,049 per ton in 2021, increasing by 45% against the previous year.

This report provides an in-depth analysis of the refined copper market in Belarus. 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 24441330 - Unwrought unalloyed refined copper (excluding rolled, e xtruded or forged sintered products)

Country coverage:

Belarus

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Belarus
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
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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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024