Uzbekistan: Market for Copper Bars, Wire And Plates 2024

Market Size for Copper Bars, Wire And Plates in Uzbekistan

The Uzbek market for copper bars, wire and plates shrank modestly to $X in 2021, reducing by -2.3% against the previous year. Over the period under review, consumption saw a pronounced setback. Copper bars, wire and plates consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Copper Bars, Wire And Plates in Uzbekistan

In value terms, copper bars, wire and plates production expanded notably to $X in 2021 estimated in export price. In general, production, however, continues to indicate a mild shrinkage. The pace of growth appeared the most rapid in 2017 with an increase of 17% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2021, production growth failed to regain momentum.

Exports of Copper Bars, Wire And Plates

Exports from Uzbekistan

In 2021, approx. X tons of copper bars, wire and plates were exported from Uzbekistan; surging by 96% on 2020 figures. Overall, exports recorded temperate growth. 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 soared to $X in 2021. In general, exports enjoyed a strong expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey (X tons) was the main destination for copper bars, wire and plates exports from Uzbekistan, with a 79% share of total exports. Moreover, copper bars, wire and plates exports to Turkey exceeded the volume sent to the second major destination, Qatar (X tons), more than tenfold. Georgia (X tons) ranked third in terms of total exports with a 4.2% share.

From 2017 to 2021, the average annual rate of growth in terms of volume to Turkey stood at -2.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (+106.5% per year) and Georgia (+64.1% per year).

In value terms, Turkey ($X) remains the key foreign market for copper bars, wire and plates exports from Uzbekistan, comprising 79% of total exports. The second position in the ranking was taken by Qatar ($X), with a 5.6% share of total exports. It was followed by Georgia, with a 4.4% share.

From 2017 to 2021, the average annual rate of growth in terms of value to Turkey stood at +9.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (+121.5% per year) and Georgia (+83.5% per year).

Export Prices by Country

In 2021, the average export price for copper bars, wire and plates amounted to $X per ton, jumping by 65% against the previous year. Overall, export price indicated a buoyant expansion from 2017 to 2021: its price increased at an average annual rate of +11.5% over the last four years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major export markets. In 2021, amid the top suppliers, the countries with the highest prices were the United States ($X per ton) and Georgia ($X per ton), while the average price for exports to Qatar ($X per ton) and Turkey ($X per ton) were amongst the lowest.

From 2017 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+15.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper Bars, Wire And Plates

Imports into Uzbekistan

In 2021, overseas purchases of copper bars, wire and plates were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports saw significant growth. The most prominent rate of growth was recorded in 2017 when imports increased by 590,676% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, copper bars, wire and plates imports surged to $X in 2021. Overall, imports recorded significant growth. The growth pace was the most rapid in 2017 with an increase of 151,052% against the previous year. Imports peaked in 2021 and are likely to see steady growth in years to come.

Imports by Country

In 2021, Turkey (X tons) constituted the largest supplier of copper bars, wire and plates to Uzbekistan, accounting for a 56% share of total imports. Moreover, copper bars, wire and plates imports from Turkey exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. South Korea (X tons) ranked third in terms of total imports with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Turkey amounted to +177.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+322.9% per year) and South Korea (+54.1% per year).

In value terms, Turkey ($X) constituted the largest supplier of copper bars, wire and plates to Uzbekistan, comprising 63% of total imports. The second position in the ranking was taken by China ($X), with a 20% share of total imports. It was followed by Russia, with an 8.5% share.

From 2012 to 2021, the average annual growth rate of value from Turkey amounted to +204.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+420.4% per year) and Russia (+82.4% per year).

Import Prices by Country

In 2021, the average import price for copper bars, wire and plates amounted to $X per ton, surging by 30% against the previous year. Over the period under review, the import price, however, recorded a deep downturn. The pace of growth was the most pronounced in 2014 an increase of 66% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Russia ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+23.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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