Turkey: Market for Copper Bars, Rods and Profiles 2024

Market Size for Copper Bars, Rods and Profiles in Turkey

The Turkish market for copper bars, rods and profiles declined to $X in 2022, shrinking by -13.6% against the previous year. Over the period under review, consumption recorded a pronounced contraction. Copper bar, rod and profile consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Production of Copper Bars, Rods and Profiles in Turkey

In value terms, copper bar, rod and profile production fell remarkably to $X in 2022 estimated in export price. Overall, production, however, showed a perceptible expansion. The pace of growth was the most pronounced in 2017 with an increase of 102%. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Copper Bars, Rods and Profiles

Exports from Turkey

In 2022, the amount of copper bars, rods and profiles exported from Turkey surged to X tons, rising by 27% compared with 2021. Overall, total exports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of +7.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +85.4% against 2019 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 45% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, copper bar, rod and profile exports skyrocketed to $X in 2022. In general, exports saw a resilient expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 98% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in the immediate term.

Exports by Country

Italy (X tons), Bulgaria (X tons) and Germany (X tons) were the main destinations of copper bar, rod and profile exports from Turkey, together accounting for 60% of total exports. Spain, Poland, Finland, China, the Czech Republic, Denmark, France, Serbia, Israel and Sweden lagged somewhat behind, together comprising a further 27%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of +102.2%), while the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Germany ($X) and Bulgaria ($X) were the largest markets for copper bar, rod and profile exported from Turkey worldwide, together comprising 59% of total exports. Spain, Finland, Poland, the Czech Republic, France, Denmark, China, Israel, Serbia and Sweden lagged somewhat behind, together comprising a further 26%.

Among the main countries of destination, China, with a CAGR of +94.9%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for copper bars, rods and profiles stood at $X per ton in 2022, growing by 8.6% against the previous year. Overall, export price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, copper bar, rod and profile export price increased by +48.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by 36%. The export price peaked in 2022 and is likely to see steady growth in years to come.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Israel ($X per ton), while the average price for exports to China ($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 Israel (+4.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper Bars, Rods and Profiles

Imports into Turkey

After four years of growth, supplies from abroad of copper bars, rods and profiles decreased by -30.6% to X tons in 2022. In general, imports, however, showed a strong increase. The pace of growth appeared the most rapid in 2015 with an increase of 72%. Imports peaked at X tons in 2021, and then fell markedly in the following year.

In value terms, copper bar, rod and profile imports contracted markedly to $X in 2022. Over the period under review, imports, however, showed a prominent increase. The most prominent rate of growth was recorded in 2015 when imports increased by 47% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then fell notably in the following year.

Imports by Country

Iran (X tons), Uzbekistan (X tons) and Italy (X tons) were the main suppliers of copper bar, rod and profile imports to Turkey, with a combined 44% share of total imports. Japan, Greece, the Czech Republic, France, Indonesia, Bulgaria, Germany and Ukraine lagged somewhat behind, together comprising a further 49%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Indonesia (with a CAGR of +358.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest copper bar, rod and profile suppliers to Turkey were Iran ($X), Japan ($X) and Italy ($X), together accounting for 43% of total imports. Uzbekistan, Indonesia, France, Greece, Bulgaria, the Czech Republic, Germany and Ukraine lagged somewhat behind, together accounting for a further 48%.

Among the main suppliers, Indonesia, with a CAGR of +297.2%, 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

The average import price for copper bars, rods and profiles stood at $X per ton in 2022, picking up by 15% against the previous year. Over the last decade, it increased at an average annual rate of +1.7%. The most prominent rate of growth was recorded in 2017 an increase of 26%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Free Zones (+21.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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