Eastern Europe: Market for Copper Bars, Rods and Profiles 2024

Market Size for Copper Bars, Rods and Profiles in Eastern Europe

In 2022, the East European market for copper bars, rods and profiles increased by 0.8% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption continues to indicate a noticeable downturn. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Production of Copper Bars, Rods and Profiles in Eastern Europe

In value terms, copper bar, rod and profile production declined to $X in 2022 estimated in export price. Overall, production saw a pronounced descent. The pace of growth appeared the most rapid in 2018 when the production volume increased by 21%. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Exports of Copper Bars, Rods and Profiles

Exports in Eastern Europe

After two years of growth, shipments abroad of copper bars, rods and profiles decreased by -8.3% to X tons in 2022. In general, exports saw a perceptible curtailment. The pace of growth appeared the most rapid in 2013 with an increase of 55%. As a result, the exports reached 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 shrank to $X in 2022. Over the period under review, exports recorded a slight shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 64%. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Bulgaria (X tons), distantly followed by Poland (X tons), Ukraine (X tons), Russia (X tons) and the Czech Republic (X tons) were the major exporters of copper bars, rods and profiles, together creating 93% of total exports. The following exporters - Slovakia (X tons) and Hungary (X tons) - each recorded a 4% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Hungary (with a CAGR of +8.6%), while the other leaders experienced more modest paces of growth.

In value terms, Bulgaria ($X), Poland ($X) and Ukraine ($X) constituted the countries with the highest levels of exports in 2022, with a combined 85% share of total exports.

Poland, with a CAGR of +7.0%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per ton, picking up by 2.9% against the previous year. Export price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.6% 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 export price increased by +33.4% against 2018 indices. The growth pace was the most rapid in 2021 when the export price increased by 42% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Bulgaria ($X per ton), while Hungary ($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 (+2.9%), while the other leaders experienced mixed trends in the export price figures.

Imports of Copper Bars, Rods and Profiles

Imports in Eastern Europe

After two years of growth, supplies from abroad of copper bars, rods and profiles decreased by -3.3% to X tons in 2022. The total import volume increased at an average annual rate of +1.8% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when imports increased by 18% against the previous year. Over the period under review, imports reached the maximum at X tons in 2021, and then declined in the following year.

In value terms, copper bar, rod and profile imports expanded slightly to $X in 2022. Total imports indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +2.7% 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 +57.5% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 51%. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in the immediate term.

Imports by Country

Poland (X tons) and the Czech Republic (X tons) represented roughly 60% of total imports in 2022. Hungary (X tons) ranks next in terms of the total imports with a 16% share, followed by Slovakia (6.9%) and Bulgaria (6.5%). Romania (X tons) and Belarus (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Slovakia (with a CAGR of +8.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), the Czech Republic ($X) and Hungary ($X) were the countries with the highest levels of imports in 2022, together comprising 74% of total imports.

Poland, with a CAGR of +8.4%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Eastern Europe amounted to $X per ton, increasing by 8% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 30%. The level of import peaked in 2022 and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Poland ($X per ton), while Hungary ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (+2.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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