Slovenia: Market for Copper Bars, Rods and Profiles 2024

Market Size for Copper Bars, Rods and Profiles in Slovenia

The Slovene market for copper bars, rods and profiles declined rapidly to $X in 2022, which is down by -23.2% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption showed a mild reduction. As a result, consumption attained the peak level of $X, and then reduced rapidly in the following year.

Exports of Copper Bars, Rods and Profiles

Exports from Slovenia

In 2022, after two years of growth, there was significant decline in shipments abroad of copper bars, rods and profiles, when their volume decreased by -9.6% to X tons. Overall, exports continue to indicate a pronounced downturn. The pace of growth was the most pronounced in 2021 when exports increased by 62% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, copper bar, rod and profile exports fell to $X in 2022. Over the period under review, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 100%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Bosnia and Herzegovina (X tons) was the main destination for copper bar, rod and profile exports from Slovenia, with a 71% share of total exports. Moreover, copper bar, rod and profile exports to Bosnia and Herzegovina exceeded the volume sent to the second major destination, Croatia (X tons), eightfold. The third position in this ranking was taken by Italy (X tons), with an 8.9% share.

From 2012 to 2022, the average annual growth rate of volume to Bosnia and Herzegovina totaled +9.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Croatia (+14.0% per year) and Italy (-22.0% per year).

In value terms, Bosnia and Herzegovina ($X) remains the key foreign market for copper bars, rods and profiles exports from Slovenia, comprising 74% of total exports. The second position in the ranking was held by Croatia ($X), with a 9.8% share of total exports. It was followed by Italy, with a 7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Bosnia and Herzegovina stood at +10.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Croatia (+18.9% per year) and Italy (-21.4% per year).

Export Prices by Country

In 2022, the average export price for copper bars, rods and profiles amounted to $X per ton, picking up by 5.2% against the previous year. Over the last decade, it increased at an average annual rate of +2.5%. The pace of growth appeared the most rapid in 2021 an increase of 24%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

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 Slovakia ($X per ton), while the average price for exports to Italy ($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 Slovakia (+10.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper Bars, Rods and Profiles

Imports into Slovenia

Copper bar, rod and profile imports into Slovenia dropped significantly to X tons in 2022, with a decrease of -24.9% on 2021. In general, imports showed a pronounced descent. The most prominent rate of growth was recorded in 2017 with an increase of 19%. Over the period under review, imports attained the maximum at X tons in 2021, and then dropped sharply in the following year.

In value terms, copper bar, rod and profile imports shrank remarkably to $X in 2022. Overall, imports recorded a slight descent. The growth pace was the most rapid in 2021 with an increase of 51% against the previous year. As a result, imports attained the peak of $X, and then reduced markedly in the following year.

Imports by Country

In 2022, Italy (X tons) constituted the largest supplier of copper bar, rod and profile to Slovenia, accounting for a 71% share of total imports. Moreover, copper bar, rod and profile imports from Italy exceeded the figures recorded by the second-largest supplier, Austria (X tons), ninefold. Spain (X tons) ranked third in terms of total imports with a 5.2% share.

From 2012 to 2022, the average annual growth rate of volume from Italy amounted to +1.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (-0.9% per year) and Spain (+24.4% per year).

In value terms, Italy ($X) constituted the largest supplier of copper bars, rods and profiles to Slovenia, comprising 66% of total imports. The second position in the ranking was held by Germany ($X), with an 8% share of total imports. It was followed by Austria, with a 7.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Italy totaled +3.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-15.5% per year) and Austria (+2.8% per year).

Import Prices by Country

The average import price for copper bars, rods and profiles stood at $X per ton in 2022, increasing by 10% against the previous year. Overall, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average import price increased by 32%. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+4.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform