Kazakhstan: Market for Copper Bars, Wire And Plates 2024

Market Size for Copper Bars, Wire And Plates in Kazakhstan

In 2021, the Kazakh market for copper bars, wire and plates was finally on the rise to reach $X after two years of decline. In general, consumption, however, recorded a pronounced decline. Copper bars, wire and plates consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Copper Bars, Wire And Plates in Kazakhstan

In value terms, copper bars, wire and plates production rose significantly to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a pronounced slump. Copper bars, wire and plates production peaked 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 Kazakhstan

Copper bars, wire and plates exports from Kazakhstan surged to X tons in 2021, with an increase of 33% compared with the year before. Over the period under review, exports, however, showed a precipitous contraction. The pace of growth was the most pronounced in 2017 with an increase of 107% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, copper bars, wire and plates exports soared to $X in 2021. Overall, exports, however, faced a significant decrease. The pace of growth was the most pronounced in 2017 when exports increased by 105%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Russia (X tons) was the main destination for copper bars, wire and plates exports from Kazakhstan, with a 99% share of total exports. It was followed by Kyrgyzstan (X kg), with a 0.1% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Russia stood at -15.3%.

In value terms, Russia ($X) remains the key foreign market for copper bars, wire and plates exports from Kazakhstan, comprising 98% of total exports. The second position in the ranking was held by Kyrgyzstan ($X), with a 0.2% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Russia amounted to -15.6%.

Export Prices by Country

The average export price for copper bars, wire and plates stood at $X per ton in 2021, picking up by 41% against the previous year. Overall, the export price saw a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kyrgyzstan ($X per ton), while the average price for exports to Russia stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Kyrgyzstan (+13.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Copper Bars, Wire And Plates

Imports into Kazakhstan

For the third consecutive year, Kazakhstan recorded growth in supplies from abroad of copper bars, wire and plates, which increased by 31% to X tons in 2021. Overall, total imports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +5.1% 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 +124.8% against 2016 indices. The pace of growth was the most pronounced in 2017 with an increase of 44%. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the near future.

In value terms, copper bars, wire and plates imports soared to $X in 2021. In general, imports showed moderate growth. The growth pace was the most rapid in 2017 with an increase of 60%. Over the period under review, imports attained the peak figure in 2021 and are likely to see steady growth in the near future.

Imports by Country

In 2021, Russia (X tons) constituted the largest copper bars, wire and plates supplier to Kazakhstan, accounting for a 62% share of total imports. Moreover, copper bars, wire and plates imports from Russia exceeded the figures recorded by the second-largest supplier, Uzbekistan (X tons), threefold. China (X tons) ranked third in terms of total imports with an 8.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Russia stood at +4.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Uzbekistan (+42.0% per year) and China (+10.1% per year).

In value terms, Russia ($X) constituted the largest supplier of copper bars, wire and plates to Kazakhstan, comprising 60% of total imports. The second position in the ranking was taken by Uzbekistan ($X), with a 20% share of total imports. It was followed by China, with a 7.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Russia totaled +4.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Uzbekistan (+41.5% per year) and China (+7.9% per year).

Import Prices by Country

The average import price for copper bars, wire and plates stood at $X per ton in 2021, increasing by 21% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Ukraine ($X per ton) and Russia ($X per ton), while the price for China ($X per ton) and Uzbekistan ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uzbekistan (-0.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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