Lithuania: Market for Copper Bars, Rods and Profiles 2024

Market Size for Copper Bars, Rods and Profiles in Lithuania

The Lithuanian market for copper bars, rods and profiles contracted to $X in 2022, which is down by -3.7% against the previous year. Over the period under review, consumption saw a abrupt slump. Copper bar, rod and profile consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Copper Bars, Rods and Profiles in Lithuania

In value terms, copper bar, rod and profile production declined to $X in 2022 estimated in export price. In general, production recorded a abrupt descent. The most prominent rate of growth was recorded in 2016 with an increase of 20%. Copper bar, rod and profile production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Copper Bars, Rods and Profiles

Exports from Lithuania

In 2022, the amount of copper bars, rods and profiles exported from Lithuania dropped to X tons, which is down by -8.4% on the year before. Overall, exports, however, posted a strong increase. The pace of growth appeared the most rapid in 2013 with an increase of 1,514%. The exports peaked 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 amounted to $X in 2022. In general, exports, however, recorded prominent growth. The growth pace was the most rapid in 2013 when exports increased by 920%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Russia (X tons), Latvia (X tons) and Poland (X tons) were the main destinations of copper bar, rod and profile exports from Lithuania, together accounting for 81% of total exports. Germany, Estonia and Kazakhstan lagged somewhat behind, together comprising a further 12%.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +28.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) remains the key foreign market for copper bars, rods and profiles exports from Lithuania, comprising 46% of total exports. The second position in the ranking was taken by Latvia ($X), with a 19% share of total exports. It was followed by Germany, with an 11% share.

From 2012 to 2022, the average annual growth rate of value to Russia stood at +12.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Latvia (+20.8% per year) and Germany (+23.1% per year).

Export Prices by Country

The average export price for copper bars, rods and profiles stood at $X per ton in 2022, increasing by 10% against the previous year. Overall, the export price posted tangible growth. The pace of growth was the most pronounced in 2015 when the average export price increased by 129% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Poland ($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 Austria (+22.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper Bars, Rods and Profiles

Imports into Lithuania

In 2022, the amount of copper bars, rods and profiles imported into Lithuania expanded remarkably to X tons, surging by 6.1% against the previous year. Over the period under review, imports enjoyed a measured expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 149% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, copper bar, rod and profile imports reached $X in 2022. In general, imports enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2013 with an increase of 108% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Poland (X tons) constituted the largest copper bar, rod and profile supplier to Lithuania, accounting for a 68% share of total imports. Moreover, copper bar, rod and profile imports from Poland exceeded the figures recorded by the second-largest supplier, Italy (X tons), sevenfold. Germany (X tons) ranked third in terms of total imports with an 8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Poland totaled +5.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+25.3% per year) and Germany (+7.3% per year).

In value terms, Poland ($X) constituted the largest supplier of copper bars, rods and profiles to Lithuania, comprising 63% of total imports. The second position in the ranking was taken by Italy ($X), with a 13% share of total imports. It was followed by Germany, with a 10% share.

From 2012 to 2022, the average annual growth rate of value from Poland stood at +7.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+15.6% per year) and Germany (+9.9% per year).

Import Prices by Country

In 2022, the average import price for copper bars, rods and profiles amounted to $X per ton, surging by 5.2% against the previous year. Over the period under review, import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, copper bar, rod and profile import price increased by +87.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 78% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Latvia (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform