Romania: Market for Copper Bars, Wire And Plates 2024

Market Size for Copper Bars, Wire And Plates in Romania

The Romanian market for copper bars, wire and plates surged to $X in 2021, increasing by 52% against the previous year. In general, the total consumption indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +6.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +47.5% against 2018 indices. 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 Romania

In value terms, copper bars, wire and plates production amounted to $X in 2021 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. Copper bars, wire and plates production peaked in 2021 and is expected to retain growth in the near future.

Exports of Copper Bars, Wire And Plates

Exports from Romania

After three years of growth, shipments abroad of copper bars, wire and plates decreased by -0.3% to X tons in 2021. Over the period under review, exports continue to indicate a perceptible reduction. The pace of growth appeared the most rapid in 2015 when exports increased by 81%. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, copper bars, wire and plates exports surged to $X in 2021. Overall, exports continue to indicate a perceptible decline. The pace of growth was the most pronounced in 2020 when exports increased by 86%. Over the period under review, the exports reached the peak figure at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

Exports by Country

Bulgaria (X tons) was the main destination for copper bars, wire and plates exports from Romania, accounting for a 44% share of total exports. Moreover, copper bars, wire and plates exports to Bulgaria exceeded the volume sent to the second major destination, Germany (X tons), threefold. Italy (X tons) ranked third in terms of total exports with an 8.1% share.

From 2012 to 2021, the average annual growth rate of volume to Bulgaria totaled +22.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+20.1% per year) and Italy (+13.2% per year).

In value terms, Bulgaria ($X) emerged as the key foreign market for copper bars, wire and plates exports from Romania, comprising 39% of total exports. The second position in the ranking was held by Germany ($X), with a 13% share of total exports. It was followed by Hungary, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Bulgaria amounted to +22.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+21.8% per year) and Hungary (-5.6% per year).

Export Prices by Country

In 2021, the average export price for copper bars, wire and plates amounted to $X per ton, jumping by 20% against the previous year. In general, export price indicated mild growth from 2012 to 2021: its price increased at an average annual rate of +1.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, copper bars, wire and plates export price increased by +74.3% against 2016 indices. The most prominent rate of growth was recorded in 2017 an increase of 23%. Over the period under review, the average export prices attained the peak figure in 2021 and is likely to continue growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hungary ($X per ton), while the average price for exports to Spain ($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 Hungary (+3.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper Bars, Wire And Plates

Imports into Romania

In 2021, the amount of copper bars, wire and plates imported into Romania stood at X tons, picking up by 14% on 2020 figures. The total import volume increased at an average annual rate of +4.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 with an increase of 18% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, copper bars, wire and plates imports surged to $X in 2021. Over the period under review, total imports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +6.9% 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 +60.9% against 2018 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X tons), Belgium (X tons) and Greece (X tons) were the main suppliers of copper bars, wire and plates imports to Romania, with a combined 75% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +70.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Belgium ($X) and Greece ($X) constituted the largest copper bars, wire and plates suppliers to Romania, together accounting for 75% of total imports.

Belgium, with a CAGR of +74.1%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers 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, rising by 47% against the previous year. Over the period under review, import price indicated a measured expansion from 2012 to 2021: its price increased at an average annual rate of +2.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, copper bars, wire and plates import price increased by +34.9% against 2018 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from France ($X per ton) and Turkey ($X per ton), while the price for Poland ($X per ton) and Belgium ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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