Central Asia: Market for Copper Bars, Wire And Plates 2024

Market Size for Copper Bars, Wire And Plates in Central Asia

The Central Asian market for copper bars, wire and plates reached $X in 2021, growing by 3.8% against the previous year. In general, consumption, however, continues to indicate a perceptible contraction. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Copper Bars, Wire And Plates in Central Asia

In value terms, copper bars, wire and plates production expanded significantly to $X in 2021 estimated in export price. Over the period under review, production, however, saw a slight descent. The most prominent rate of growth was recorded in 2017 with an increase of 28% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2021, production growth failed to regain momentum.

Exports of Copper Bars, Wire And Plates

Exports in Central Asia

In 2021, the amount of copper bars, wire and plates exported in Central Asia skyrocketed to X tons, growing by 93% compared with the previous year's figure. In general, exports enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2017 when exports increased by 4,897% against the previous year. The volume of export peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, copper bars, wire and plates exports skyrocketed to $X in 2021. Over the period under review, exports enjoyed a strong increase. The growth pace was the most rapid in 2017 when exports increased by 4,278%. Over the period under review, the exports reached the maximum in 2021 and are likely to continue growth in the near future.

Exports by Country

Uzbekistan dominates exports structure, accounting for X tons, which was approx. 97% of total exports in 2021. Kazakhstan (X tons) followed a long way behind the leaders.

Uzbekistan was also the fastest-growing in terms of the copper bars, wire and plates exports, with a CAGR of +2.9% from 2012 to 2021. Kazakhstan (-28.4%) illustrated a downward trend over the same period. While the share of Uzbekistan (+97 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Kazakhstan (-96.8 p.p.) displayed negative dynamics.

In value terms, Uzbekistan ($X) remains the largest copper bars, wire and plates supplier in Central Asia, comprising 98% of total exports. The second position in the ranking was held by Kazakhstan ($X), with a 2.2% share of total exports.

In Uzbekistan, copper bars, wire and plates exports increased at an average annual rate of +14.8% over the period from 2012-2021.

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2021, growing by 63% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.4%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Uzbekistan ($X per ton), while Kazakhstan stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uzbekistan (+11.5%).

Imports of Copper Bars, Wire And Plates

Imports in Central Asia

In 2021, the amount of copper bars, wire and plates imported in Central Asia surged to X tons, with an increase of 71% compared with 2020 figures. In general, imports showed a strong expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, copper bars, wire and plates imports skyrocketed to $X in 2021. Over the period under review, imports showed a remarkable increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Kazakhstan (X tons) was the major importer of copper bars, wire and plates, achieving 64% of total imports. It was distantly followed by Uzbekistan (X tons) and Kyrgyzstan (X tons), together achieving a 34% share of total imports. Turkmenistan (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to copper bars, wire and plates imports into Kazakhstan stood at +5.1%. At the same time, Uzbekistan (+169.0%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of +169.0% from 2012-2021. Kyrgyzstan experienced a relatively flat trend pattern. By contrast, Turkmenistan (-7.3%) illustrated a downward trend over the same period. Uzbekistan (+26 p.p.) significantly strengthened its position in terms of the total imports, while Turkmenistan, Kyrgyzstan and Kazakhstan saw its share reduced by -4.3%, -6.1% and -13.5% from 2012 to 2021, respectively.

In value terms, Kazakhstan ($X) constitutes the largest market for imported copper bars, wire and plates in Central Asia, comprising 65% of total imports. The second position in the ranking was taken by Uzbekistan ($X), with a 28% share of total imports. It was followed by Kyrgyzstan, with a 4.2% share.

In Kazakhstan, copper bars, wire and plates imports increased at an average annual rate of +4.7% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Uzbekistan (+139.8% per year) and Kyrgyzstan (-4.4% per year).

Import Prices by Country

In 2021, the import price in Central Asia amounted to $X per ton, picking up by 19% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. Over the period under review, import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Uzbekistan ($X per ton), while Kyrgyzstan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkmenistan (-0.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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