Czech Republic: Market for Copper Bars, Rods and Profiles 2024

Market Size for Copper Bars, Rods and Profiles in the Czech Republic

In 2022, the Czech market for copper bars, rods and profiles increased by 4.3% to $X, rising for the second consecutive year after three years of decline. The market value increased at an average annual rate of +2.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Copper bar, rod and profile consumption peaked in 2022 and is likely to see gradual growth in the immediate term.

Production of Copper Bars, Rods and Profiles in the Czech Republic

In value terms, copper bar, rod and profile production shrank notably to $X in 2022 estimated in export price. Over the period under review, production showed a precipitous curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 63% against the previous year. Copper bar, rod and profile production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Copper Bars, Rods and Profiles

Exports from the Czech Republic

In 2022, approx. X tons of copper bars, rods and profiles were exported from the Czech Republic; with an increase of 21% on the year before. Overall, exports, however, saw a abrupt setback. The pace of growth was the most pronounced in 2013 with an increase of 25% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, copper bar, rod and profile exports totaled $X in 2022. In general, exports, however, saw a deep slump. The most prominent rate of growth was recorded in 2013 with an increase of 39% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Germany (X tons) was the main destination for copper bar, rod and profile exports from the Czech Republic, accounting for a 59% share of total exports. Moreover, copper bar, rod and profile exports to Germany exceeded the volume sent to the second major destination, Turkey (X tons), threefold. The third position in this ranking was taken by Slovakia (X tons), with an 8.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany stood at -5.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+257.7% per year) and Slovakia (-17.8% per year).

In value terms, Germany ($X) remains the key foreign market for copper bars, rods and profiles exports from the Czech Republic, comprising 48% of total exports. The second position in the ranking was held by Turkey ($X), with a 21% share of total exports. It was followed by Slovakia, with a 14% share.

From 2012 to 2022, the average annual growth rate of value to Germany totaled -7.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+228.3% per year) and Slovakia (-14.3% per year).

Export Prices by Country

In 2022, the average export price for copper bars, rods and profiles amounted to $X per ton, which is down by -7.6% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 24%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Hungary ($X per ton), while the average price for exports to Italy ($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 Hungary (+5.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Copper Bars, Rods and Profiles

Imports into the Czech Republic

In 2022, purchases abroad of copper bars, rods and profiles increased by 6% to X tons, rising for the second year in a row after three years of decline. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 38%. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, copper bar, rod and profile imports expanded remarkably to $X in 2022. Overall, total imports indicated notable growth from 2012 to 2022: its value 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, imports increased by +57.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 46%. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of copper bar, rod and profile to the Czech Republic, with a 36% share of total imports. Moreover, copper bar, rod and profile imports from Germany exceeded the figures recorded by the second-largest supplier, Poland (X tons), threefold. The third position in this ranking was held by Slovakia (X tons), with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany amounted to -4.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (-0.4% per year) and Slovakia (+7.8% per year).

In value terms, Germany ($X) constituted the largest supplier of copper bars, rods and profiles to the Czech Republic, comprising 37% of total imports. The second position in the ranking was held by Poland ($X), with a 14% share of total imports. It was followed by Slovakia, with an 8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany totaled -1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+1.9% per year) and Slovakia (+4.0% per year).

Import Prices by Country

In 2022, the average import price for copper bars, rods and profiles amounted to $X per ton, therefore, remained relatively stable against the previous year. Over the period under review, import price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, copper bar, rod and profile import price increased by +71.5% against 2017 indices. The most prominent rate of growth was recorded in 2021 an increase of 31%. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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