Slovakia: Refined Copper Market 2025

Refined Copper Market Size in Slovakia

The Slovak refined copper market contracted sharply to $X in 2022, with a decrease of -23.1% against the previous year. Overall, consumption continues to indicate a pronounced descent. Refined copper consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Refined Copper Production in Slovakia

In value terms, refined copper production reduced to $X in 2022 estimated in export price. Overall, production saw a deep contraction. The pace of growth appeared the most rapid in 2021 when the production volume increased by 30%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Refined Copper Exports

Exports from Slovakia

In 2022, shipments abroad of refined copper (unwrought, not alloyed) increased by 1,292% to X tons, rising for the third year in a row after five years of decline. Over the period under review, exports, however, continue to indicate a sharp decline. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, refined copper exports soared to $X in 2022. Overall, exports, however, showed a abrupt contraction. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Austria (X tons) was the main destination for refined copper exports from Slovakia, accounting for a 90% share of total exports. Moreover, refined copper exports to Austria exceeded the volume sent to the second major destination, Germany (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Austria stood at +105.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-33.9% per year) and the Czech Republic (-48.2% per year).

In value terms, Austria ($X) emerged as the key foreign market for refined copper (unwrought, not alloyed) exports from Slovakia, comprising 97% of total exports. The second position in the ranking was held by Germany ($X), with a 1.8% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Austria totaled +45.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-41.7% per year) and the Czech Republic (-47.2% per year).

Export Prices by Country

In 2022, the average refined copper export price amounted to $X per ton, growing by 208% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 232% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while the average price for exports to Germany ($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 the Czech Republic (+1.8%), while the prices for the other major destinations experienced a decline.

Refined Copper Imports

Imports into Slovakia

In 2022, overseas purchases of refined copper (unwrought, not alloyed) decreased by -34% to X tons, falling for the second year in a row after three years of growth. Overall, imports, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2013 with an increase of 94%. Over the period under review, imports reached the maximum at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, refined copper imports shrank rapidly to $X in 2022. In general, imports showed a abrupt setback. The most prominent rate of growth was recorded in 2014 with an increase of 58% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Poland (X tons) constituted the largest refined copper supplier to Slovakia, with a 62% share of total imports. Moreover, refined copper imports from Poland exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. Hungary (X tons) ranked third in terms of total imports with a 6.4% share.

From 2012 to 2022, the average annual growth rate of volume from Poland amounted to +16.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+10.6% per year) and Hungary (+67.7% per year).

In value terms, Poland ($X) constituted the largest supplier of refined copper (unwrought, not alloyed) to Slovakia, comprising 60% of total imports. The second position in the ranking was taken by Germany ($X), with a 20% share of total imports. It was followed by Hungary, with a 6.5% share.

From 2012 to 2022, the average annual growth rate of value from Poland amounted to +16.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+12.8% per year) and Hungary (+87.9% per year).

Import Prices by Country

In 2022, the average refined copper import price amounted to $X per ton, rising by 14% against the previous year. Over the period under review, the import price, however, continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when the average import price increased by 53%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Germany ($X per ton) and Italy ($X per ton), while the price for the Czech Republic ($X per ton) and Poland ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+12.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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