Slovakia: Copper Powder Market 2024

Copper Powder Market Size in Slovakia

In 2021, the Slovak copper powder market was finally on the rise to reach $X after two years of decline. Overall, consumption, however, showed a deep contraction. Copper powder consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Copper Powder Production in Slovakia

In value terms, copper powder production rose markedly to $X in 2021 estimated in export price. In general, production, however, saw a noticeable decrease. The pace of growth appeared the most rapid in 2017 with an increase of 42%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Copper Powder Exports

Exports from Slovakia

Copper powder exports from Slovakia surged to X tons in 2021, with an increase of 42% compared with the previous year's figure. Overall, exports posted a moderate expansion. The most prominent rate of growth was recorded in 2015 with an increase of 111% against the previous year. As a result, the exports attained the peak of X tons. From 2016 to 2021, the growth of the exports failed to regain momentum.

In value terms, copper powder exports surged to $X in 2021. In general, exports showed a strong expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The UK (X tons) was the main destination for copper powder exports from Slovakia, with a 75% share of total exports. Moreover, copper powder exports to the UK exceeded the volume sent to the second major destination, Italy (X tons), sixfold. Germany (X tons) ranked third in terms of total exports with a 7.9% share.

From 2012 to 2021, the average annual growth rate of volume to the UK amounted to +36.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-16.1% per year) and Germany (+9.6% per year).

In value terms, the UK ($X) emerged as the key foreign market for copper powders and flakes exports from Slovakia, comprising 75% of total exports. The second position in the ranking was held by Italy ($X), with a 13% share of total exports. It was followed by Germany, with a 6.9% share.

From 2012 to 2021, the average annual growth rate of value to the UK amounted to +38.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-12.0% per year) and Germany (+12.0% per year).

Export Prices by Country

In 2021, the average copper powder export price amounted to $X per ton, jumping by 65% against the previous year. Over the period under review, export price indicated notable growth from 2012 to 2021: its price increased at an average annual rate of +4.3% over the last nine-year period. 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.

Average prices varied somewhat for the major export markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Spain ($X per ton) and Italy ($X per ton), while the average price for exports to Germany ($X per ton) and the UK ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+5.0%), while the prices for the other major destinations experienced more modest paces of growth.

Copper Powder Imports

Imports into Slovakia

In 2021, purchases abroad of copper powders and flakes was finally on the rise to reach X tons after four years of decline. Over the period under review, imports, however, recorded a drastic downturn. The pace of growth appeared the most rapid in 2015 with an increase of 139%. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, copper powder imports surged to $X in 2021. In general, imports, however, recorded a abrupt descent. Imports peaked at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

The Czech Republic (X tons), Germany (X tons) and Poland (X tons) were the main suppliers of copper powder imports to Slovakia, with a combined 91% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +71.7%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the Czech Republic ($X), Germany ($X) and Italy ($X) constituted the largest copper powder suppliers to Slovakia, together accounting for 92% of total imports. These countries were followed by Poland and the UK, which together accounted for a further 7%.

In terms of the main suppliers, Poland, with a CAGR of +56.3%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average copper powder import price stood at $X per ton in 2021, jumping by 28% against the previous year. Over the period under review, import price indicated modest growth from 2012 to 2021: its price increased at an average annual rate of +1.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, copper powder import price increased by +95.0% against 2016 indices. The growth pace was the most rapid in 2017 an increase of 31%. The import price peaked in 2021 and is expected to retain growth in the near future.

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 Italy ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+15.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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