Russian Federation: Market for Copper Bars, Wire And Plates 2024

Market Size for Copper Bars, Wire And Plates in the Russian Federation

After two years of growth, the Russian market for copper bars, wire and plates decreased by -6.2% to $X in 2021. In general, consumption showed a pronounced shrinkage. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Copper Bars, Wire And Plates in the Russian Federation

In value terms, copper bars, wire and plates production shrank modestly to $X in 2021 estimated in export price. Overall, production showed a perceptible descent. The most prominent rate of growth was recorded in 2017 when the production volume increased by 23% against the previous year. Over the period under review, production reached the maximum level 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 the Russian Federation

In 2021, copper bars, wire and plates exports from Russia soared to X tons, increasing by 45% against the previous year's figure. Overall, exports, however, saw a abrupt curtailment. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, copper bars, wire and plates exports surged to $X in 2021. Over the period under review, exports, however, showed a deep setback. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons), Kuwait (X tons) and Egypt (X tons) were the main destinations of copper bars, wire and plates exports from Russia, with a combined 63% share of total exports. The United States, Saudi Arabia, Belarus, Qatar, Turkey, Germany, the Netherlands and the United Arab Emirates lagged somewhat behind, together accounting for a further 32%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Qatar (with a CAGR of +1,905.7%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X), Kuwait ($X) and the United States ($X) were the largest markets for copper bars, wire and plates exported from Russia worldwide, with a combined 63% share of total exports. These countries were followed by Egypt, Saudi Arabia, Belarus, Qatar, Turkey, Germany, the Netherlands and the United Arab Emirates, which together accounted for a further 32%.

Among the main countries of destination, Qatar, with a CAGR of +2,338.1%, 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, wire and plates stood at $X per ton in 2021, picking up by 54% against the previous year. In general, export price indicated modest growth from 2012 to 2021: its price increased at an average annual rate of +1.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price attained 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 the United Arab Emirates ($X per ton), while the average price for exports to Kuwait ($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 the United Arab Emirates (+21.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper Bars, Wire And Plates

Imports into the Russian Federation

In 2021, supplies from abroad of copper bars, wire and plates decreased by -5.2% to X tons, falling for the third consecutive year after two years of growth. In general, imports faced a abrupt slump. The most prominent rate of growth was recorded in 2017 with an increase of 38% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, copper bars, wire and plates imports surged to $X in 2021. Over the period under review, imports faced a drastic downturn. The growth pace was the most rapid in 2017 when imports increased by 62% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Germany (X tons), China (X tons) and Uzbekistan (X tons) were the main suppliers of copper bars, wire and plates imports to Russia, together accounting for 42% of total imports.

From 2012 to 2021, the biggest increases were recorded for Uzbekistan (with a CAGR of +16.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), China ($X) and Kazakhstan ($X) appeared to be the largest copper bars, wire and plates suppliers to Russia, with a combined 42% share of total imports. These countries were followed by Finland, Uzbekistan, Austria, Italy, Belarus, Ukraine, Serbia, Poland, France and Bulgaria, which together accounted for a further 48%.

Uzbekistan, with a CAGR of +18.3%, recorded the highest growth rate of 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

In 2021, the average import price for copper bars, wire and plates amounted to $X per ton, with an increase of 25% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.7%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Austria ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bulgaria (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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