Ukraine: Market for Copper Bars, Wire And Plates 2024

Market Size for Copper Bars, Wire And Plates in Ukraine

In 2021, the Ukrainian market for copper bars, wire and plates decreased by -61.3% to $X, falling for the third consecutive year after three years of growth. Overall, consumption showed a significant contraction. Copper bars, wire and plates consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Copper Bars, Wire And Plates in Ukraine

In value terms, copper bars, wire and plates production totaled $X in 2021 estimated in export price. Overall, production, however, recorded a deep setback. The growth pace was the most rapid in 2017 with an increase of 92%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Copper Bars, Wire And Plates

Exports from Ukraine

In 2021, the amount of copper bars, wire and plates exported from Ukraine surged to X tons, jumping by 58% on 2020. Overall, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 98%. Over the period under review, the exports reached the peak figure at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, copper bars, wire and plates exports skyrocketed to $X in 2021. Over the period under review, exports showed modest growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Canada (X tons), Belarus (X tons) and Lithuania (X tons) were the main destinations of copper bars, wire and plates exports from Ukraine, with a combined 62% share of total exports. The United States, Poland, Italy, Russia, Latvia, France, Germany and Turkey lagged somewhat behind, together accounting for a further 33%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of +75.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for copper bars, wire and plates exported from Ukraine were Belarus ($X), Canada ($X) and Lithuania ($X), together comprising 62% of total exports. These countries were followed by the United States, Poland, Italy, Latvia, Russia, France, Germany and Turkey, which together accounted for a further 32%.

Poland, with a CAGR of +76.6%, recorded the highest growth rate of the value of exports, in terms of 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

In 2021, the average export price for copper bars, wire and plates amounted to $X per ton, jumping by 47% against the previous year. In general, the export price recorded a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belarus ($X per ton), while the average price for exports to Canada ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to France (+3.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper Bars, Wire And Plates

Imports into Ukraine

In 2021, the amount of copper bars, wire and plates imported into Ukraine fell remarkably to X tons, reducing by -23.2% on the previous year's figure. In general, imports saw a abrupt decline. The pace of growth appeared the most rapid in 2016 with an increase of 32% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, copper bars, wire and plates imports rose to $X in 2021. Over the period under review, imports recorded a deep contraction. The pace of growth was the most pronounced in 2017 when imports increased by 23%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Russia (X tons), Uzbekistan (X tons) and Poland (X tons) were the main suppliers of copper bars, wire and plates imports to Ukraine, together comprising 70% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Uzbekistan (with a CAGR of +439.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest copper bars, wire and plates suppliers to Ukraine were Russia ($X), Uzbekistan ($X) and Poland ($X), with a combined 69% share of total imports.

Uzbekistan, with a CAGR of +609.5%, 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

The average import price for copper bars, wire and plates stood at $X per ton in 2021, picking up by 36% against the previous year. Over the last nine years, it increased at an average annual rate of +1.4%. 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 Bulgaria ($X per ton) and Germany ($X per ton), while the price for Russia ($X per ton) and Turkey ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uzbekistan (+31.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :