Report Update: May 1, 2024

Serbia - Refined Copper - Market Analysis, Forecast, Size, Trends And Insights

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Copper Price in Serbia - 2023

Copper Price in Serbia (FOB) - 2023

In November 2023, the average copper export price amounted to $8,210 per ton, growing by 2.6% against the previous month. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2023 an increase of 13% month-to-month. Over the period under review, the average export prices reached the maximum at $8,970 per ton in April 2023; however, from May 2023 to November 2023, the export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In November 2023, the countries with the highest prices were Bulgaria ($8,330 per ton) and Turkey ($8,249 per ton), while the average price for exports to China ($8,113 per ton) and Germany ($8,206 per ton) were amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+1.0%), while the prices for the other major destinations experienced a decline.

Copper Price in Serbia (CIF) - 2022

In 2022, the average copper import price amounted to $8,319 per ton, waning by -13.3% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 52% against the previous year. As a result, import price reached the peak level of $9,595 per ton, and then reduced in the following year.

As there is only one major supplying country, the average price level is determined by prices for Bulgaria.

From 2012 to 2022, the rate of growth in terms of prices for Bulgaria amounted to +0.4% per year.

Copper Exports in Serbia

For the third year in a row, Serbia recorded decline in overseas shipments of refined copper, which decreased by -62.5% to 19K tons in 2022. Overall, exports faced a dramatic shrinkage. The smallest decline of -10.5% was in 2021.

In value terms, copper exports dropped markedly to $185M in 2022. In general, exports continue to indicate a sharp curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 36% against the previous year. As a result, the exports attained the peak of $470M, and then reduced sharply in the following year.

Export of Copper in Serbia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	264	228	326	133	-20.4%
Bulgaria	43.2	37.6	125	29.9	-11.5%
France	10.1	7.9	10.6	13.6	10.4%
Germany	9.0	N/A	1.3	8.8	-0.7%
Croatia	54.0	49.2	N/A	N/A	-8.9%
Italy	32.2	0.3	N/A	N/A	-99.1%
Turkey	21.2	17.5	N/A	N/A	-17.5%
Others	4.7	4.6	6.8	N/A	20.3%
Total	438	345	470	185	-25.0%

Top Export Markets for Copper from Serbia in 2022:

China (13.2K tons)
Bulgaria (3.0K tons)
France (1.4K tons)
Germany (1.1K tons)

Copper Imports in Serbia

After two years of decline, supplies from abroad of refined copper increased by 2,267% to 11K tons in 2022. Overall, imports saw a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, copper imports skyrocketed to $95M in 2022. In general, imports showed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Copper in Serbia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Bulgaria	18.1	7.8	3.1	94.3	73.4%
Others	1.0	0.2	1.5	0.5	-20.6%
Total	19.1	8.1	4.6	94.8	70.6%

Top Suppliers of Copper to Serbia in 2022:

Bulgaria (11.3K tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the copper market in Serbia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 24441330 - Unwrought unalloyed refined copper (excluding rolled, e xtruded or forged sintered products)

Country coverage:

Serbia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Serbia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023