Eastern Europe: Copper Wire Market 2024

Copper Wire Market Size in Eastern Europe

In 2021, after three years of decline, there was significant growth in the East European copper wire market, when its value increased by 9.1% to $X. In general, consumption showed a pronounced reduction. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Copper Wire Production in Eastern Europe

In value terms, copper wire production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a perceptible reduction. The pace of growth was the most pronounced in 2017 when the production volume increased by 35% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Copper Wire Exports

Exports in Eastern Europe

In 2021, the amount of copper wire exported in Eastern Europe soared to X tons, picking up by 33% compared with 2020. Over the period under review, exports, however, showed a noticeable curtailment. The volume of export peaked at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, copper wire exports soared to $X in 2021. Overall, exports, however, showed a mild decline. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Russia (X tons) and Poland (X tons) represented roughly 97% of total exports in 2021.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Poland (with a CAGR of +1.9%).

In value terms, Russia ($X) and Poland ($X) constituted the countries with the highest levels of exports in 2021.

Poland, with a CAGR of +4.0%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review.

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2021, rising by 51% against the previous year. Export price indicated a modest expansion from 2012 to 2021: its price increased at an average annual rate of +1.8% over the last nine-year period. 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 noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Poland ($X per ton), while Russia totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+2.1%).

Copper Wire Imports

Imports in Eastern Europe

In 2021, approx. X tons of copper wire were imported in Eastern Europe; increasing by 12% compared with the previous year. The total import volume increased at an average annual rate of +2.9% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, copper wire imports surged to $X in 2021. Total imports indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +4.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +67.0% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Romania (X tons), the Czech Republic (X tons), Poland (X tons) and Hungary (X tons) represented roughly 82% of total imports in 2021. It was distantly followed by Slovakia (X tons) and Bulgaria (X tons), together creating a 9.4% share of total imports. Belarus (X tons) held a relatively small share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Bulgaria (with a CAGR of +18.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest copper wire importing markets in Eastern Europe were Romania ($X), the Czech Republic ($X) and Poland ($X), with a combined 66% share of total imports. These countries were followed by Hungary, Slovakia, Bulgaria and Belarus, which together accounted for a further 29%.

Among the main importing countries, Bulgaria, with a CAGR of +20.6%, 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

The import price in Eastern Europe stood at $X per ton in 2021, growing by 46% against the previous year. Import price indicated a mild expansion from 2012 to 2021: its price increased at an average annual rate of +1.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, copper wire import price increased by +47.6% against 2019 indices. As a result, import price attained 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 ($X per ton) and Bulgaria ($X per ton), while Hungary ($X per ton) and the Czech Republic ($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 (+2.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform