Slovakia: Market for Copper Bars, Rods and Profiles 2024

Market Size for Copper Bars, Rods and Profiles in Slovakia

The Slovak market for copper bars, rods and profiles soared to $X in 2022, jumping by 137% against the previous year. Over the period under review, consumption, however, showed a pronounced setback. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Copper Bars, Rods and Profiles in Slovakia

In value terms, copper bar, rod and profile production expanded notably to $X in 2022 estimated in export price. In general, production, however, recorded a perceptible contraction. The pace of growth was the most pronounced in 2020 with an increase of 46%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Copper Bars, Rods and Profiles

Exports from Slovakia

In 2022, overseas shipments of copper bars, rods and profiles increased by 14% to X tons, rising for the second year in a row after three years of decline. Overall, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 when exports increased by 49% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, copper bar, rod and profile exports soared to $X in 2022. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 70% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The Czech Republic (X tons) was the main destination for copper bar, rod and profile exports from Slovakia, with a 92% share of total exports. It was followed by Austria (X tons), with a 2.4% share of total exports. The third position in this ranking was held by Hungary (X tons), with a 1.4% share.

From 2012 to 2022, the average annual growth rate of volume to the Czech Republic stood at +3.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (-10.2% per year) and Hungary (-18.2% per year).

In value terms, the Czech Republic ($X) remains the key foreign market for copper bars, rods and profiles exports from Slovakia, comprising 91% of total exports. The second position in the ranking was taken by Hungary ($X), with a 1.9% share of total exports. It was followed by Austria, with a 1.7% share.

From 2012 to 2022, the average annual growth rate of value to the Czech Republic totaled +1.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (-13.9% per year) and Austria (-10.6% per year).

Export Prices by Country

In 2022, the average export price for copper bars, rods and profiles amounted to $X per ton, surging by 1.9% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 45% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Austria ($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 Germany (+7.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper Bars, Rods and Profiles

Imports into Slovakia

In 2022, purchases abroad of copper bars, rods and profiles increased by 7.2% to X tons, rising for the sixth year in a row after two years of decline. In general, imports continue to indicate strong growth. The growth pace was the most rapid in 2013 with an increase of 95%. Imports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, copper bar, rod and profile imports expanded sharply to $X in 2022. Overall, imports posted a notable expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 73% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

Imports by Country

Italy (X tons), France (X tons) and Poland (X tons) were the main suppliers of copper bar, rod and profile imports to Slovakia, together comprising 57% of total imports. Germany, Sweden, Turkey and the Czech Republic lagged somewhat behind, together accounting for a further 25%.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +79.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), France ($X) and Poland ($X) were the largest copper bar, rod and profile suppliers to Slovakia, together accounting for 54% of total imports. Germany, Turkey, the Czech Republic and Sweden lagged somewhat behind, together accounting for a further 24%.

In terms of the main suppliers, Turkey, with a CAGR of +87.2%, 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, growing by 2.7% against the previous year. In general, the import price, however, saw a pronounced decline. The pace of growth was the most pronounced in 2021 when the average import price increased by 28% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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