Hungary: Market for Copper Bars, Rods and Profiles 2024

Market Size for Copper Bars, Rods and Profiles in Hungary

After three years of growth, the Hungarian market for copper bars, rods and profiles decreased by -12.9% to $X in 2022. Overall, consumption, however, recorded prominent growth. Over the period under review, the market attained the peak level at $X in 2021, and then declined in the following year.

Production of Copper Bars, Rods and Profiles in Hungary

In value terms, copper bar, rod and profile production dropped to $X in 2022 estimated in export price. Over the period under review, production, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 32% against the previous year. As a result, production attained the peak level of $X, and then contracted in the following year.

Exports of Copper Bars, Rods and Profiles

Exports from Hungary

In 2022, overseas shipments of copper bars, rods and profiles increased by 23% to X tons, rising for the fifth year in a row after two years of decline. Over the period under review, exports posted buoyant growth. The most prominent rate of growth was recorded in 2018 with an increase of 132%. The exports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, copper bar, rod and profile exports rose rapidly to $X in 2022. The total export value increased at an average annual rate of +1.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when exports increased by 69% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Germany (X tons) was the main destination for copper bar, rod and profile exports from Hungary, with a 94% share of total exports. It was followed by Romania (X tons), with a 2.5% share of total exports. Poland (X tons) ranked third in terms of total exports with a 0.9% share.

From 2012 to 2022, the average annual growth rate of volume to Germany amounted to +26.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+1.0% per year) and Poland (-11.7% per year).

In value terms, Germany ($X) remains the key foreign market for copper bars, rods and profiles exports from Hungary, comprising 85% of total exports. The second position in the ranking was held by Romania ($X), with a 3.5% share of total exports. It was followed by Poland, with a 1.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany stood at +14.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (-2.9% per year) and Poland (-11.1% per year).

Export Prices by Country

In 2022, the average export price for copper bars, rods and profiles amounted to $X per ton, dropping by -10.9% against the previous year. In general, the export price showed a drastic downturn. The growth pace was the most rapid in 2016 when the average export price increased by 92%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Germany ($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 France (+7.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper Bars, Rods and Profiles

Imports into Hungary

After three years of growth, supplies from abroad of copper bars, rods and profiles decreased by -9.5% to X tons in 2022. Overall, imports, however, continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 149%. Over the period under review, imports reached the peak figure at X tons in 2021, and then dropped in the following year.

In value terms, copper bar, rod and profile imports fell to $X in 2022. Over the period under review, total imports indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +4.8% 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 most prominent rate of growth was recorded in 2021 when imports increased by 60%. As a result, imports attained the peak of $X, and then reduced in the following year.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of copper bar, rod and profile to Hungary, with a 49% share of total imports. Moreover, copper bar, rod and profile imports from Germany exceeded the figures recorded by the second-largest supplier, France (X tons), threefold. Italy (X tons) ranked third in terms of total imports with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany amounted to +6.9%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+5.6% per year) and Italy (+7.7% per year).

In value terms, Germany ($X) constituted the largest supplier of copper bars, rods and profiles to Hungary, comprising 51% of total imports. The second position in the ranking was taken by Italy ($X), with an 11% share of total imports. It was followed by France, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany amounted to +5.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+5.2% per year) and France (+1.4% per year).

Import Prices by Country

In 2022, the average import price for copper bars, rods and profiles amounted to $X per ton, approximately reflecting the previous year. Overall, the import price saw a slight shrinkage. The most prominent rate of growth was recorded in 2017 an increase of 60%. Over the period under review, average import prices reached the maximum at $X per ton in 2018; however, from 2019 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 Austria ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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