Greece: Market for Copper Bars, Rods and Profiles 2024

Market Size for Copper Bars, Rods and Profiles in Greece

The Greek market for copper bars, rods and profiles was estimated at $X in 2022, almost unchanged from the previous year. Over the period under review, consumption, however, showed a abrupt setback. The growth pace was the most rapid in 2016 with an increase of 7.1%. Copper bar, rod and profile consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Copper Bars, Rods and Profiles in Greece

In value terms, copper bar, rod and profile production reduced to $X in 2022 estimated in export price. In general, production, however, continues to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2021 with an increase of 4.5% against the previous year. Copper bar, rod and profile production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Copper Bars, Rods and Profiles

Exports from Greece

In 2022, approx. X tons of copper bars, rods and profiles were exported from Greece; approximately reflecting the year before. Over the period under review, total exports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +41.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 40% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, copper bar, rod and profile exports rose sharply to $X in 2022. In general, exports showed a strong expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 122%. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Italy (X tons) was the main destination for copper bar, rod and profile exports from Greece, accounting for a 48% share of total exports. Moreover, copper bar, rod and profile exports to Italy exceeded the volume sent to the second major destination, Germany (X tons), twofold. South Korea (X tons) ranked third in terms of total exports with an 8.2% share.

From 2012 to 2022, the average annual growth rate of volume to Italy amounted to +12.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+1.3% per year) and South Korea (+39.2% per year).

In value terms, Italy ($X) remains the key foreign market for copper bars, rods and profiles exports from Greece, comprising 46% of total exports. The second position in the ranking was taken by Germany ($X), with a 22% share of total exports. It was followed by South Korea, with an 8.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Italy amounted to +15.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+4.0% per year) and South Korea (+45.7% per year).

Export Prices by Country

The average export price for copper bars, rods and profiles stood at $X per ton in 2022, picking up by 14% against the previous year. Over the period under review, the export price enjoyed a tangible expansion. The most prominent rate of growth was recorded in 2021 when the average export price increased by 59% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to France ($X per ton) and Bulgaria ($X per ton), while the average price for exports to Turkey ($X per ton) and Italy ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+26.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper Bars, Rods and Profiles

Imports into Greece

In 2022, overseas purchases of copper bars, rods and profiles increased by 5% to X tons, rising for the second year in a row after two years of decline. Over the period under review, total imports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of +9.6% 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 +34.3% against 2020 indices. The pace of growth appeared the most rapid in 2014 when imports increased by 32%. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in the near future.

In value terms, copper bar, rod and profile imports expanded significantly to $X in 2022. In general, total imports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +7.8% 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 +43.3% against 2020 indices. The pace of growth appeared the most rapid in 2013 when imports increased by 48%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Italy (X tons) constituted the largest copper bar, rod and profile supplier to Greece, with a 77% share of total imports. Moreover, copper bar, rod and profile imports from Italy exceeded the figures recorded by the second-largest supplier, Turkey (X tons), eightfold. The third position in this ranking was held by Germany (X tons), with a 4.2% share.

From 2012 to 2022, the average annual growth rate of volume from Italy stood at +15.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+66.0% per year) and Germany (-0.6% per year).

In value terms, Italy ($X) constituted the largest supplier of copper bars, rods and profiles to Greece, comprising 48% of total imports. The second position in the ranking was taken by Turkey ($X), with an 18% share of total imports. It was followed by Germany, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Italy totaled +9.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+68.2% per year) and Germany (+2.3% per year).

Import Prices by Country

In 2022, the average import price for copper bars, rods and profiles amounted to $X per ton, approximately mirroring the previous year. Over the period under review, the import price, however, continues to indicate a mild contraction. The pace of growth appeared the most rapid in 2013 an increase of 23% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+35.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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