Estonia: Market for Copper Bars, Rods and Profiles 2024

Market Size for Copper Bars, Rods and Profiles in Estonia

After two years of growth, the Estonian market for copper bars, rods and profiles decreased by -7% to $X in 2022. Over the period under review, consumption showed a pronounced curtailment. Copper bar, rod and profile consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Exports of Copper Bars, Rods and Profiles

Exports from Estonia

In 2022, approx. X tons of copper bars, rods and profiles were exported from Estonia; with a decrease of -28.5% compared with the previous year. Overall, exports, however, enjoyed a mild increase. The pace of growth was the most pronounced in 2013 when exports increased by 134%. Over the period under review, the exports attained the peak figure at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, copper bar, rod and profile exports shrank to $X in 2022. In general, exports continue to indicate a mild setback. The most prominent rate of growth was recorded in 2013 with an increase of 118%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Finland (X tons) was the main destination for copper bar, rod and profile exports from Estonia, with a 72% share of total exports. Moreover, copper bar, rod and profile exports to Finland exceeded the volume sent to the second major destination, Poland (X tons), sixfold. Lithuania (X tons) ranked third in terms of total exports with a 9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Finland totaled -1.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+35.0% per year) and Lithuania (+20.3% per year).

In value terms, Finland ($X) remains the key foreign market for copper bars, rods and profiles exports from Estonia, comprising 75% of total exports. The second position in the ranking was taken by Poland ($X), with a 9.8% share of total exports. It was followed by Hungary, with a 6.7% share.

From 2012 to 2022, the average annual growth rate of value to Finland totaled -3.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+36.0% per year) and Hungary (+24.4% per year).

Export Prices by Country

The average export price for copper bars, rods and profiles stood at $X per ton in 2022, surging by 30% against the previous year. Over the period under review, the export price, however, continues to indicate a perceptible curtailment. The growth pace was the most rapid in 2015 when the average export price increased by 76% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2016 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Hungary ($X per ton), while the average price for exports to Lithuania ($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 China (+7.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper Bars, Rods and Profiles

Imports into Estonia

In 2022, after two years of growth, there was significant decline in overseas purchases of copper bars, rods and profiles, when their volume decreased by -22.7% to X tons. Over the period under review, imports showed a slight decline. The growth pace was the most rapid in 2017 when imports increased by 111% against the previous year. Over the period under review, imports reached the maximum at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, copper bar, rod and profile imports shrank to $X in 2022. Overall, imports recorded a pronounced decline. The growth pace was the most rapid in 2017 with an increase of 85% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Sweden (X tons) constituted the largest supplier of copper bar, rod and profile to Estonia, accounting for a 47% share of total imports. Moreover, copper bar, rod and profile imports from Sweden exceeded the figures recorded by the second-largest supplier, Finland (X tons), twofold. Poland (X tons) ranked third in terms of total imports with a 9.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Sweden totaled -3.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (+0.3% per year) and Poland (+5.7% per year).

In value terms, the largest copper bar, rod and profile suppliers to Estonia were Sweden ($X), Finland ($X) and Poland ($X), with a combined 75% share of total imports. Germany, Lithuania and Ukraine lagged somewhat behind, together comprising a further 14%.

Lithuania, with a CAGR of +31.2%, saw 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

In 2022, the average import price for copper bars, rods and profiles amounted to $X per ton, with an increase of 24% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 29%. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Poland ($X per ton), while the price for Lithuania ($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 (+6.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform