Russian Federation: Market for Copper Bars, Rods and Profiles 2024

Market Size for Copper Bars, Rods and Profiles in the Russian Federation

The Russian market for copper bars, rods and profiles dropped modestly to $X in 2022, declining by -3.3% against the previous year. In general, consumption continues to indicate a perceptible decline. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Production of Copper Bars, Rods and Profiles in the Russian Federation

In value terms, copper bar, rod and profile production declined to $X in 2022 estimated in export price. In general, production continues to indicate a pronounced shrinkage. The pace of growth was the most pronounced in 2018 when the production volume increased by 24%. Copper bar, rod and profile production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Exports of Copper Bars, Rods and Profiles

Exports from the Russian Federation

In 2022, copper bar, rod and profile exports from Russia reduced modestly to X tons, shrinking by -4.5% against the year before. In general, exports recorded a dramatic descent. The most prominent rate of growth was recorded in 2013 with an increase of 79% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, copper bar, rod and profile exports shrank dramatically to $X in 2022. Overall, exports saw a significant decrease. The most prominent rate of growth was recorded in 2013 with an increase of 80% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Italy (X tons), Belarus (X tons) and Germany (X tons) were the main destinations of copper bar, rod and profile exports from Russia, together comprising 66% of total exports. Canada, Sweden, the Netherlands and Kazakhstan lagged somewhat behind, together comprising a further 26%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Canada (with a CAGR of +1,190.1%), while the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Belarus ($X) and Germany ($X) were the largest markets for copper bar, rod and profile exported from Russia worldwide, with a combined 67% share of total exports. Sweden, Kazakhstan, the Netherlands and Canada lagged somewhat behind, together accounting for a further 24%.

Among the main countries of destination, Canada, with a CAGR of +1,040.6%, recorded the highest growth rate of 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, rods and profiles stood at $X per ton in 2022, reducing by -18% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 61% against the previous year. As a result, the export price reached the peak level of $X per ton, and then declined sharply in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Canada ($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 Japan (+27.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper Bars, Rods and Profiles

Imports into the Russian Federation

In 2022, purchases abroad of copper bars, rods and profiles decreased by -5.4% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports continue to indicate a abrupt contraction. The pace of growth was the most pronounced in 2020 with an increase of 25%. Over the period under review, imports attained the maximum at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, copper bar, rod and profile imports dropped to $X in 2022. In general, imports showed a deep downturn. The pace of growth was the most pronounced in 2020 when imports increased by 31% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Italy (X tons), China (X tons) and South Korea (X tons) were the main suppliers of copper bar, rod and profile imports to Russia, together accounting for 57% of total imports. Kazakhstan, Finland, Ukraine, Spain, Germany, Bulgaria, Poland and France lagged somewhat behind, together comprising a further 42%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Kazakhstan (with a CAGR of +139.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Kazakhstan ($X) and Spain ($X) constituted the largest copper bar, rod and profile suppliers to Russia, together comprising 56% of total imports.

In terms of the main suppliers, Kazakhstan, with a CAGR of +154.2%, saw the highest rates of growth with regard to 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

In 2022, the average import price for copper bars, rods and profiles amounted to $X per ton, reducing by -4.2% against the previous year. In general, import price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +4.8% 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 +78.3% against 2016 indices. The growth pace was the most rapid in 2017 an increase of 23%. The import price peaked at $X per ton in 2021, and then shrank modestly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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