Eastern Europe: Market for Copper Bars, Wire And Plates 2024

Market Size for Copper Bars, Wire And Plates in Eastern Europe

For the third year in a row, the East European market for copper bars, wire and plates recorded growth in sales value, which increased by 1.2% to $X in 2021. Overall, consumption continues to indicate a pronounced reduction. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Copper Bars, Wire And Plates in Eastern Europe

In value terms, copper bars, wire and plates production dropped to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a noticeable downturn. The most prominent rate of growth was recorded in 2017 with an increase of 23%. The level of production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Copper Bars, Wire And Plates

Exports in Eastern Europe

In 2021, approx. X tons of copper bars, wire and plates were exported in Eastern Europe; rising by 26% on the previous year. Overall, exports, however, saw a pronounced contraction. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, copper bars, wire and plates exports soared to $X in 2021. In general, exports, however, showed a relatively flat trend pattern. The level of export peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, Russia (X tons) and Poland (X tons) were the largest exporters of copper bars, wire and plates in Eastern Europe, together recording approx. 77% of total exports. It was distantly followed by Bulgaria (X tons), generating a 15% share of total exports. Ukraine (X tons) and the Czech Republic (X tons) took a relatively small share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Bulgaria (with a CAGR of +6.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest copper bars, wire and plates supplying countries in Eastern Europe were Russia ($X), Poland ($X) and Bulgaria ($X), with a combined 93% share of total exports.

Bulgaria, with a CAGR of +8.0%, saw 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

The export price in Eastern Europe stood at $X per ton in 2021, growing by 47% against the previous year. Export price indicated a mild increase from 2012 to 2021: its price increased at an average annual rate of +1.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in the Czech Republic ($X per ton) and Bulgaria ($X per ton), while Ukraine ($X per ton) and Russia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+2.6%), while the other leaders experienced more modest paces of growth.

Imports of Copper Bars, Wire And Plates

Imports in Eastern Europe

In 2021, the amount of copper bars, wire and plates imported in Eastern Europe rose rapidly to X tons, increasing by 15% compared with the previous year's figure. The total import volume increased at an average annual rate of +2.8% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. 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 surged to $X in 2021. Total imports indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +3.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the Czech Republic (X tons), Poland (X tons), Romania (X tons) and Hungary (X tons) represented the largest importer of copper bars, wire and plates in Eastern Europe, comprising 82% of total import. Slovakia (X tons) ranks next in terms of the total imports with a 5.1% share, followed by Bulgaria (4.6%). Belarus (X tons) held a minor share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Bulgaria (with a CAGR of +11.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest copper bars, wire and plates importing markets in Eastern Europe were the Czech Republic ($X), Poland ($X) and Romania ($X), together comprising 67% of total imports. These countries were followed by Hungary, Slovakia, Bulgaria and Belarus, which together accounted for a further 28%.

Among the main importing countries, Bulgaria, with a CAGR of +13.7%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Eastern Europe amounted to $X per ton, surging by 41% against the previous year. Over the period under review, the import price continues to indicate a slight expansion. 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 importing countries. In 2021, major importing countries recorded the following prices: in Slovakia ($X per ton) and Romania ($X per ton), while Bulgaria ($X per ton) and Hungary ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+2.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :