Ukraine: Market for Copper Bars, Rods and Profiles 2024

Market Size for Copper Bars, Rods and Profiles in Ukraine

The Ukrainian market for copper bars, rods and profiles was finally on the rise to reach $X in 2022, after three years of decline. Overall, consumption, however, recorded a perceptible decline. Copper bar, rod and profile consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Copper Bars, Rods and Profiles in Ukraine

In value terms, copper bar, rod and profile production amounted to $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 96% against the previous year. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Exports of Copper Bars, Rods and Profiles

Exports from Ukraine

In 2022, after six years of growth, there was significant decline in shipments abroad of copper bars, rods and profiles, when their volume decreased by -29.9% to X tons. Overall, exports, however, showed a remarkable increase. The pace of growth appeared the most rapid in 2017 with an increase of 277%. The exports peaked at X tons in 2021, and then dropped rapidly in the following year.

In value terms, copper bar, rod and profile exports shrank significantly to $X in 2022. Over the period under review, exports, however, saw a notable expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 295%. Over the period under review, the exports reached the maximum at $X in 2021, and then contracted significantly in the following year.

Exports by Country

Poland (X tons), the United States (X tons) and Italy (X tons) were the main destinations of copper bar, rod and profile exports from Ukraine, with a combined 75% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +110.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for copper bar, rod and profile exported from Ukraine were Poland ($X), the United States ($X) and Italy ($X), with a combined 75% share of total exports.

Poland, with a CAGR of +116.2%, recorded the highest growth rate of the value of exports, among the main countries of destination 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, therefore, remained relatively stable against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average export price increased by 42% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to China ($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 Italy (+9.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper Bars, Rods and Profiles

Imports into Ukraine

For the third year in a row, Ukraine recorded decline in purchases abroad of copper bars, rods and profiles, which decreased by -48.9% to X tons in 2022. In general, imports faced a abrupt slump. The pace of growth appeared the most rapid in 2017 with an increase of 25%. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, copper bar, rod and profile imports reduced notably to $X in 2022. Over the period under review, imports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2017 with an increase of 74%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Poland (X tons) constituted the largest supplier of copper bar, rod and profile to Ukraine, with a 57% share of total imports. Moreover, copper bar, rod and profile imports from Poland exceeded the figures recorded by the second-largest supplier, Bulgaria (X tons), fourfold. The third position in this ranking was held by Germany (X tons), with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Poland totaled -8.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Bulgaria (-4.6% per year) and Germany (-14.4% per year).

In value terms, Poland ($X) constituted the largest supplier of copper bars, rods and profiles to Ukraine, comprising 56% of total imports. The second position in the ranking was taken by Bulgaria ($X), with a 16% share of total imports. It was followed by Germany, with a 13% share.

From 2012 to 2022, the average annual growth rate of value from Poland stood at -7.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Bulgaria (-3.2% per year) and Germany (-13.9% per year).

Import Prices by Country

In 2022, the average import price for copper bars, rods and profiles amounted to $X per ton, increasing by 7% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average import price increased by 39%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (+1.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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