Romania: Market for Copper Ores And Concentrates 2024

Market Size for Copper Ores And Concentrates in Romania

The Romanian copper ores and concentrates market contracted rapidly to $X in 2021, dropping by -98.8% against the previous year. Over the period under review, consumption recorded a abrupt curtailment. Over the period under review, the market reached the peak level at $X in 2020, and then fell sharply in the following year.

Production of Copper Ores And Concentrates in Romania

In value terms, copper ores and concentrates production rose significantly to $X in 2021 estimated in export price. In general, production, however, recorded a significant increase. The pace of growth was the most pronounced in 2018 when the production volume increased by 49% against the previous year. Over the period under review, production reached the maximum level in 2021 and is expected to retain growth in the immediate term.

Exports of Copper Ores And Concentrates

Exports from Romania

In 2021, overseas shipments of copper ores and concentrates decreased by -16.2% to X tons, falling for the second consecutive year after two years of growth. Overall, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 25% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, copper ores and concentrates exports skyrocketed to $X in 2021. In general, total exports indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +4.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +118.3% against 2016 indices. The pace of growth appeared the most rapid in 2018 when exports increased by 53% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

China (X tons), Serbia (X tons) and Montenegro (X tons) were the main destinations of copper ores and concentrates exports from Romania, with a combined 98% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Montenegro (with a CAGR of 0.0%), while the other leaders experienced a decline.

In value terms, the largest markets for copper ores and concentrates exported from Romania were China ($X), Serbia ($X) and Montenegro ($X), together accounting for 96% of total exports.

In terms of the main countries of destination, China, with a CAGR of +0.2%, 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 mixed trend patterns.

Export Prices by Country

The average copper ores and concentrates export price stood at $X per ton in 2021, rising by 42% against the previous year. Over the period under review, export price indicated noticeable growth from 2012 to 2021: its price increased at an average annual rate of +4.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, copper ores and concentrates export price increased by +135.8% against 2016 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major overseas markets. In 2021, the country with the highest price was Montenegro ($X per ton), while the average price for exports to Serbia ($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 Serbia (+25.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Copper Ores And Concentrates

Imports into Romania

In 2021, purchases abroad of copper ores and concentrates decreased by -41.4% to X tons, falling for the third consecutive year after four years of growth. Overall, imports showed a abrupt downturn. The most prominent rate of growth was recorded in 2013 when imports increased by 1,499% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, copper ores and concentrates imports stood at $X in 2021. Over the period under review, imports continue to indicate a drastic downturn. The pace of growth was the most pronounced in 2013 when imports increased by 1,411% against the previous year. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

Italy (X tons), the United States (X tons) and China (X kg) were the main suppliers of copper ores and concentrates imports to Romania.

From 2012 to 2021, the biggest increases were in the United States (with a CAGR of 0.0%), while purchases for the other leaders experienced a decline.

In value terms, Italy ($X) constituted the largest supplier of copper ores and concentrates to Romania, comprising 91% of total imports. The second position in the ranking was taken by the United States ($X), with a 6.9% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Italy amounted to -5.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (0.0% per year) and China (-11.2% per year).

Import Prices by Country

The average copper ores and concentrates import price stood at $X per ton in 2021, rising by 89% against the previous year. Over the period under review, the import price, however, showed a pronounced decline. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Italy ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (+34.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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