Czech Republic: Market for Copper Bars, Wire And Plates 2024

Market Size for Copper Bars, Wire And Plates in the Czech Republic

The Czech market for copper bars, wire and plates was finally on the rise to reach $X in 2021, after two years of decline. Overall, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Copper Bars, Wire And Plates in the Czech Republic

In value terms, copper bars, wire and plates production declined notably to $X in 2021 estimated in export price. In general, production showed a sharp slump. The most prominent rate of growth was recorded in 2019 with a decrease of -12.9% against the previous year. Copper bars, wire and plates production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Copper Bars, Wire And Plates

Exports from the Czech Republic

In 2021, overseas shipments of copper bars, wire and plates increased by 19% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports, however, continue to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2017 when exports increased by 29%. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, copper bars, wire and plates exports surged to $X in 2021. Overall, exports, however, showed a noticeable curtailment. The pace of growth appeared the most rapid in 2017 with an increase of 75%. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Germany (X tons), Italy (X tons) and Bosnia and Herzegovina (X tons) were the main destinations of copper bars, wire and plates exports from the Czech Republic, together accounting for 73% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bosnia and Herzegovina (with a CAGR of +6.9%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for copper bars, wire and plates exports from the Czech Republic, comprising 40% of total exports. The second position in the ranking was taken by Italy ($X), with a 17% share of total exports. It was followed by Switzerland, with a 7.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany amounted to +3.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+3.5% per year) and Switzerland (+4.5% per year).

Export Prices by Country

The average export price for copper bars, wire and plates stood at $X per ton in 2021, surging by 27% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.6%. The growth pace was the most rapid in 2017 when the average export price increased by 35% against the previous year. Over the period under review, the average export prices attained the maximum in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+4.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper Bars, Wire And Plates

Imports into the Czech Republic

After three years of decline, overseas purchases of copper bars, wire and plates increased by 17% to X tons in 2021. The total import volume increased at an average annual rate of +2.2% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, copper bars, wire and plates imports soared to $X in 2021. Overall, total imports indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +3.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Poland (X tons), Germany (X tons) and Italy (X tons) were the main suppliers of copper bars, wire and plates imports to the Czech Republic, with a combined 86% share of total imports. Serbia, Austria, Bulgaria and Slovakia lagged somewhat behind, together accounting for a further 9%.

From 2012 to 2021, the biggest increases were recorded for Serbia (with a CAGR of +13.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest copper bars, wire and plates suppliers to the Czech Republic were Poland ($X), Germany ($X) and Italy ($X), with a combined 85% share of total imports. These countries were followed by Serbia, Austria, Bulgaria and Slovakia, which together accounted for a further 9%.

Serbia, with a CAGR of +14.8%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for copper bars, wire and plates stood at $X per ton in 2021, rising by 38% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Slovakia ($X per ton) and Poland ($X per ton), while the price for Italy ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovakia (+1.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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