Turkey: Market for Copper Bars, Wire And Plates 2024

Market Size for Copper Bars, Wire And Plates in Turkey

The Turkish market for copper bars, wire and plates skyrocketed to $X in 2021, rising by 27% against the previous year. In general, the total consumption indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +3.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -7.8% against 2019 indices. Copper bars, wire and plates consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Production of Copper Bars, Wire And Plates in Turkey

In value terms, copper bars, wire and plates production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production continues to indicate buoyant growth. The most prominent rate of growth was recorded in 2017 when the production volume increased by 96%. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Exports of Copper Bars, Wire And Plates

Exports from Turkey

In 2021, copper bars, wire and plates exports from Turkey skyrocketed to X tons, rising by 26% on the previous year. In general, total exports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +6.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +18.1% against 2018 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, copper bars, wire and plates exports skyrocketed to $X in 2021. Overall, exports showed a strong expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Bulgaria (X tons), Italy (X tons) and Germany (X tons) were the main destinations of copper bars, wire and plates exports from Turkey, together accounting for 39% of total exports. Israel, the UK, France, the United States, Slovakia, Ireland, Bosnia and Herzegovina, Romania, Egypt and Poland lagged somewhat behind, together comprising a further 38%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ireland (with a CAGR of +27.1%), while the other leaders experienced more modest paces of growth.

In value terms, Bulgaria ($X), Italy ($X) and Germany ($X) were the largest markets for copper bars, wire and plates exported from Turkey worldwide, with a combined 38% share of total exports. These countries were followed by Israel, the UK, France, the United States, Slovakia, Ireland, Romania, Bosnia and Herzegovina, Poland and Egypt, which together accounted for a further 39%.

Among the main countries of destination, Ireland, with a CAGR of +28.3%, recorded the highest growth rate of 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

In 2021, the average export price for copper bars, wire and plates amounted to $X per ton, growing by 43% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.6%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major external markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Slovakia ($X per ton) and the United States ($X per ton), while the average price for exports to Bosnia and Herzegovina ($X per ton) and Bulgaria ($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 Bulgaria (+2.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper Bars, Wire And Plates

Imports into Turkey

For the third consecutive year, Turkey recorded growth in purchases abroad of copper bars, wire and plates, which increased by 41% to X tons in 2021. The total import volume increased at an average annual rate of +2.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, copper bars, wire and plates imports soared to $X in 2021. Overall, imports posted a temperate increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Uzbekistan (X tons), Russia (X tons) and Iran (X tons) were the main suppliers of copper bars, wire and plates imports to Turkey, together accounting for 61% of total imports. France, Egypt, Germany and Bulgaria lagged somewhat behind, together accounting for a further 25%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Egypt (with a CAGR of +13.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Uzbekistan ($X), Russia ($X) and Iran ($X) were the largest copper bars, wire and plates suppliers to Turkey, together accounting for 61% of total imports. These countries were followed by France, Egypt, Germany and Bulgaria, which together accounted for a further 25%.

Egypt, with a CAGR of +15.6%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for copper bars, wire and plates amounted to $X per ton, picking up by 42% against the previous year. Over the last nine years, it increased at an average annual rate of +1.2%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Germany ($X per ton) and Egypt ($X per ton), while the price for France ($X per ton) and Uzbekistan ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Egypt (+1.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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