Uzbekistan: Market for Copper Bars, Rods and Profiles 2024

Market Size for Copper Bars, Rods and Profiles in Uzbekistan

In 2022, after two years of growth, there was significant decline in the Uzbek market for copper bars, rods and profiles, when its value decreased by -14.5% to $X. Over the period under review, consumption recorded tangible growth. As a result, consumption reached the peak level of $X, and then reduced in the following year.

Production of Copper Bars, Rods and Profiles in Uzbekistan

In value terms, copper bar, rod and profile production totaled $X in 2022 estimated in export price. Over the period under review, production, however, saw a slight downturn. The pace of growth appeared the most rapid in 2020 with an increase of 58%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Exports of Copper Bars, Rods and Profiles

Exports from Uzbekistan

For the sixth year in a row, Uzbekistan recorded growth in shipments abroad of copper bars, rods and profiles, which increased by 2.8% to X tons in 2022. Over the period under review, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 580%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in the near future.

In value terms, copper bar, rod and profile exports dropped remarkably to $X in 2022. Overall, exports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 495%. The exports peaked at $X in 2021, and then reduced markedly in the following year.

Exports by Country

China (X tons), Turkey (X tons) and Lithuania (X tons) were the main destinations of copper bar, rod and profile exports from Uzbekistan, together accounting for 97% of total exports.

From 2017 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 +262.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for copper bar, rod and profile exported from Uzbekistan were China ($X), Turkey ($X) and Lithuania ($X), together comprising 96% of total exports.

China, with a CAGR of +441.7%, saw the highest rates of growth with regard to 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

In 2022, the average export price for copper bars, rods and profiles amounted to $X per ton, dropping by -25% against the previous year. Overall, the export price, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2021 an increase of 103%. As a result, the export price reached the peak level of $X per ton, and then shrank markedly in the following year.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Belarus ($X per ton) and Lithuania ($X per ton), while the average price for exports to Turkey ($X per ton) and China ($X per ton) were amongst the lowest.

From 2017 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+49.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper Bars, Rods and Profiles

Imports into Uzbekistan

In 2022, after two years of decline, there was significant growth in overseas purchases of copper bars, rods and profiles, when their volume increased by 99% to X tons. Over the period under review, imports recorded a resilient increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, copper bar, rod and profile imports surged to $X in 2022. Overall, imports enjoyed a strong expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest copper bar, rod and profile supplier to Uzbekistan, with a 76% share of total imports. Moreover, copper bar, rod and profile imports from China exceeded the figures recorded by the second-largest supplier, Russia (X tons), fourfold.

From 2017 to 2022, the average annual rate of growth in terms of volume from China amounted to +674.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (-13.8% per year) and Turkey (-18.3% per year).

In value terms, China ($X), Russia ($X) and Turkey ($X) were the largest copper bar, rod and profile suppliers to Uzbekistan, together comprising 92% of total imports.

China, with a CAGR of +513.2%, 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 a decline.

Import Prices by Country

The average import price for copper bars, rods and profiles stood at $X per ton in 2022, reducing by -21.2% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 61% against the previous year. The import price peaked at $X per ton in 2021, and then fell markedly in the following year.

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 Russia ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2017 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+59.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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