Hungary: Market for Copper Bars, Wire And Plates 2024

Market Size for Copper Bars, Wire And Plates in Hungary

In 2021, the Hungarian market for copper bars, wire and plates increased by 55% to $X for the first time since 2018, thus ending a two-year declining trend. Overall, the total consumption indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +3.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Copper Bars, Wire And Plates in Hungary

In value terms, copper bars, wire and plates production declined to $X in 2021 estimated in export price. In general, production recorded a perceptible contraction. The most prominent rate of growth was recorded in 2020 when the production volume increased by 7.8% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Copper Bars, Wire And Plates

Exports from Hungary

In 2021, overseas shipments of copper bars, wire and plates increased by 21% to X tons, rising for the fourth year in a row after three years of decline. Over the period under review, exports recorded a resilient expansion. The pace of growth appeared the most rapid in 2013 with an increase of 170%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, copper bars, wire and plates exports skyrocketed to $X in 2021. Overall, exports continue to indicate a buoyant expansion. The growth pace was the most rapid in 2018 when exports increased by 181%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Germany (X tons), Poland (X tons) and Spain (X tons) were the main destinations of copper bars, wire and plates exports from Hungary, together accounting for 91% of total exports.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +231.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Poland ($X) and Spain ($X) constituted the largest markets for copper bars, wire and plates exported from Hungary worldwide, with a combined 84% share of total exports.

Among the main countries of destination, Spain, with a CAGR of +207.4%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for copper bars, wire and plates stood at $X per ton in 2021, approximately reflecting the previous year. In general, the export price showed a noticeable shrinkage. The growth pace was the most rapid in 2016 an increase of 140%. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to France (+11.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper Bars, Wire And Plates

Imports into Hungary

In 2021, purchases abroad of copper bars, wire and plates increased by 22% to X tons, rising for the fourth consecutive year after four years of decline. The total import volume increased at an average annual rate of +3.1% from 2012 to 2021; however, the trend pattern indicated some 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 skyrocketed to $X in 2021. Over the period under review, total imports indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +3.4% over the last nine years. 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

Italy (X tons), Germany (X tons) and Poland (X tons) were the main suppliers of copper bars, wire and plates imports to Hungary, together comprising 88% of total imports. These countries were followed by France, Turkey, South Korea and Russia, which together accounted for a further 6.4%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of +104.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest copper bars, wire and plates suppliers to Hungary were Italy ($X), Germany ($X) and Poland ($X), together accounting for 86% of total imports. These countries were followed by France, South Korea, Turkey and Russia, which together accounted for a further 7.2%.

In terms of the main suppliers, South Korea, with a CAGR of +72.3%, saw 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 average import price for copper bars, wire and plates stood at $X per ton in 2021, growing by 40% against the previous year. Overall, the import price saw a relatively flat trend pattern. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+3.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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