Central Asia: Copper Wire Market 2024

Copper Wire Market Size in Central Asia

The Central Asian copper wire market declined to $X in 2021, with a decrease of -11.7% against the previous year. In general, consumption showed a relatively flat trend pattern. The level of consumption peaked at $X in 2020, and then reduced in the following year.

Copper Wire Production in Central Asia

In value terms, copper wire production reduced to $X in 2021 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 36% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2021, production growth remained at a lower figure.

Copper Wire Exports

Exports in Central Asia

In 2021, approx. X tons of copper wire were exported in Central Asia; increasing by 98% on the previous year. Overall, exports continue to indicate strong growth. The pace of growth was the most pronounced in 2017 with an increase of 9,347%. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, copper wire exports soared to $X in 2021. Over the period under review, exports posted a strong increase. The most prominent rate of growth was recorded in 2017 when exports increased by 10,283%. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in the near future.

Exports by Country

Uzbekistan prevails in exports structure, finishing at X tons, which was approx. 98% 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 wire exports, with a CAGR of -1.8% from 2012 to 2021. Kazakhstan (-29.9%) illustrated a downward trend over the same period. Uzbekistan (+98 p.p.) significantly strengthened its position in terms of the total exports, while Kazakhstan saw its share reduced by -97.2% from 2012 to 2021, respectively.

In value terms, Uzbekistan ($X) remains the largest copper wire supplier in Central Asia, comprising 99% of total exports. The second position in the ranking was held by Kazakhstan ($X), with a 1.1% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Uzbekistan stood at +10.3%.

Export Prices by Country

In 2021, the export price in Central Asia amounted to $X per ton, with an increase of 58% against the previous year. Export price indicated a notable increase from 2012 to 2021: its price increased at an average annual rate of +2.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, copper wire export price increased by +63.4% against 2019 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Uzbekistan ($X per ton), while Kazakhstan totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uzbekistan (+12.4%).

Copper Wire Imports

Imports in Central Asia

For the third consecutive year, Central Asia recorded growth in purchases abroad of copper wire, which increased by 59% to X tons in 2021. Over the period under review, imports posted a significant expansion. The pace of growth appeared the most rapid in 2017 when imports increased by 1,182%. The volume of import peaked in 2021 and is likely to see gradual growth in years to come.

In value terms, copper wire imports skyrocketed to $X in 2021. In general, imports showed a significant increase. The pace of growth appeared the most rapid in 2017 with an increase of 1,209%. Over the period under review, imports reached the maximum in 2021 and are likely to continue growth in years to come.

Imports by Country

In 2021, Kazakhstan (X tons) represented the key importer of copper wire, making up 76% of total imports. It was distantly followed by Uzbekistan (X tons), mixing up an 18% share of total imports. The following importers - Kyrgyzstan (X tons) and Turkmenistan (X tons) - together made up 5.8% of total imports.

From 2012 to 2021, average annual rates of growth with regard to copper wire imports into Kazakhstan stood at +30.4%. At the same time, Uzbekistan (+101.8%) and Kyrgyzstan (+32.4%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of +101.8% from 2012-2021. Turkmenistan experienced a relatively flat trend pattern. Uzbekistan (+18 p.p.) and Kazakhstan (+3.6 p.p.) significantly strengthened its position in terms of the total imports, while Turkmenistan saw its share reduced by -14.4% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) constitutes the largest market for imported copper wire in Central Asia, comprising 76% of total imports. The second position in the ranking was taken by Uzbekistan ($X), with a 21% share of total imports. It was followed by Turkmenistan, with a 1.6% share.

In Kazakhstan, copper wire imports increased at an average annual rate of +31.2% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Uzbekistan (+95.5% per year) and Turkmenistan (+2.8% per year).

Import Prices by Country

In 2021, the import price in Central Asia amounted to $X per ton, growing by 33% against the previous year. In general, the import price showed a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 (+2.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform