Slovakia: Market for Copper Bars, Wire And Plates 2024

Market Size for Copper Bars, Wire And Plates in Slovakia

The Slovak market for copper bars, wire and plates skyrocketed to $X in 2021, increasing by 41% against the previous year. The market value increased at an average annual rate of +3.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. 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 Slovakia

In value terms, copper bars, wire and plates production fell significantly to $X in 2021 estimated in export price. In general, production recorded a sharp reduction. Copper bars, wire and plates production peaked at $X in 2020, and then fell significantly in the following year.

Exports of Copper Bars, Wire And Plates

Exports from Slovakia

In 2021, overseas shipments of copper bars, wire and plates were finally on the rise to reach X tons for the first time since 2016, thus ending a four-year declining trend. Overall, exports, however, recorded a perceptible contraction. The growth pace was the most rapid in 2013 when exports increased by 33%. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, copper bars, wire and plates exports surged to $X in 2021. In general, exports, however, showed a perceptible curtailment. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

The Czech Republic (X tons) was the main destination for copper bars, wire and plates exports from Slovakia, accounting for a 52% share of total exports. Moreover, copper bars, wire and plates exports to the Czech Republic exceeded the volume sent to the second major destination, Poland (X tons), threefold. Hungary (X tons) ranked third in terms of total exports with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the Czech Republic was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+4.6% per year) and Hungary (-9.7% per year).

In value terms, the Czech Republic ($X) remains the key foreign market for copper bars, wire and plates exports from Slovakia, comprising 50% of total exports. The second position in the ranking was taken by Poland ($X), with a 19% share of total exports. It was followed by Hungary, with an 8.9% share.

From 2012 to 2021, the average annual growth rate of value to the Czech Republic was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+7.1% per year) and Hungary (-8.0% per year).

Export Prices by Country

The average export price for copper bars, wire and plates stood at $X per ton in 2021, surging by 30% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. As a result, the export price reached 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 Italy ($X per ton), while the average price for exports to Hungary ($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 Italy (+4.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper Bars, Wire And Plates

Imports into Slovakia

In 2021, imports of copper bars, wire and plates into Slovakia stood at X tons, increasing by 12% on 2020. The total import volume increased at an average annual rate of +2.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 with an increase of 38% against the previous year. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, copper bars, wire and plates imports soared to $X in 2021. Overall, total imports indicated a modest increase from 2012 to 2021: its value 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, imports increased by +60.0% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of copper bars, wire and plates to Slovakia, accounting for a 41% share of total imports. Moreover, copper bars, wire and plates imports from Germany exceeded the figures recorded by the second-largest supplier, Turkey (X tons), threefold. Poland (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from Germany totaled +3.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+18.8% per year) and Poland (+3.5% per year).

In value terms, Germany ($X) constituted the largest supplier of copper bars, wire and plates to Slovakia, comprising 43% of total imports. The second position in the ranking was taken by Turkey ($X), with a 14% share of total imports. It was followed by Poland, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from Germany totaled +5.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+19.7% per year) and Poland (+5.4% per year).

Import Prices by Country

In 2021, the average import price for copper bars, wire and plates amounted to $X per ton, increasing by 36% against the previous year. Over the period under review, the import price, however, continues to indicate a mild descent. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Turkey ($X per ton) and Finland ($X per ton), while the price for Italy ($X per ton) and France ($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 (+2.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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