Report Update Apr 1, 2024

Belarus - Copper - Market Analysis, Forecast, Size, Trends and Insights

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Belarus: Copper Market 2024

Copper Market Size in Belarus

In 2022, the Belarusian copper market decreased by -4.1% to $X for the first time since 2016, thus ending a five-year rising trend. Over the period under review, consumption, however, recorded a significant increase. Over the period under review, the market reached the peak level at $X in 2021, and then contracted modestly in the following year.

Copper Production in Belarus

In value terms, copper production totaled $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the production volume increased by 14% against the previous year. Copper production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Copper Exports

Exports from Belarus

In 2020, approx. X kg of copper were exported from Belarus; approximately mirroring 2019 figures. Overall, exports continue to indicate a significant contraction. The smallest decline of 99.9% was in 2013. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2020, the exports remained at a lower figure.

In value terms, copper exports stood at $X in 2020. Over the period under review, exports faced a dramatic setback. The smallest decline of 99.9% was in 2013. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2020, the exports remained at a lower figure.

Exports by Country

Russia (X kg) was the main destination for copper exports from Belarus, with a approx. 100% share of total exports.

From 2012 to 2020, the average annual rate of growth in terms of volume to Russia was relatively modest.

From 2012 to 2020, the average annual growth rate of value to Russia was relatively modest.

Export Prices by Country

In 2020, the average copper export price amounted to $X per ton, remaining relatively unchanged against the previous year. In general, the export price faced a abrupt setback. The most prominent rate of growth was recorded in 2013 when the average export price decreased by 99.9% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2020, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Russia.

From 2012 to 2020, the rate of growth in terms of prices for Russia amounted to 0.0% per year.

Copper Imports

Imports into Belarus

After six years of growth, overseas purchases of copper decreased by -20.7% to X tons in 2022. Overall, imports, however, recorded significant growth. The growth pace was the most rapid in 2014 when imports increased by 285% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2021, and then contracted notably in the following year.

In value terms, copper imports contracted remarkably to $X in 2022. In general, imports, however, showed significant growth. The most prominent rate of growth was recorded in 2014 when imports increased by 309% against the previous year. Imports peaked at $X in 2021, and then contracted sharply in the following year.

Imports by Country

Kazakhstan (X tons) and Russia (X tons) were the main suppliers of copper imports to Belarus.

From 2012 to 2022, the biggest increases were recorded for Russia (with a CAGR of +93.6%).

In value terms, the largest copper suppliers to Belarus were Kazakhstan ($X) and Russia ($X).

Russia, with a CAGR of +83.7%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review.

Import Prices by Country

In 2022, the average copper import price amounted to $X per ton, approximately equating the previous year. In general, the import price, however, recorded a deep downturn. The most prominent rate of growth was recorded in 2014 when the average import price increased by 6.3%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied noticeably 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 Kazakhstan amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (-5.1%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for copper in the world?

The countries with the highest volumes of consumption in 2022 were Chile, China and Peru, with a combined 49% share of global consumption. Democratic Republic of the Congo, the United States, Australia, Russia, Indonesia, Canada, Mexico, Kazakhstan, Mongolia and Brazil lagged somewhat behind, together accounting for a further 36%.

What are the largest producers of copper in the world?

Chile constituted the country with the largest volume of copper production, comprising approx. 27% of total volume. Moreover, copper production in Chile exceeded the figures recorded by the second-largest producer, Peru, threefold. The third position in this ranking was held by China, with an 8% share.

What are the leading suppliers of copper to Belarus?

In value terms, Kazakhstan and Russia appeared to be the largest copper suppliers to Belarus.

What is the average export price for copper in Belarus?

In 2020, the average copper export price amounted to $1,560 per ton, approximately reflecting the previous year.

What is the average import price for copper in Belarus?

In 2022, the average copper import price amounted to $6,906 per ton, therefore, remained relatively stable against the previous year.

This report provides an in-depth analysis of the copper market in Belarus. 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 24441200 - Unrefined copper, copper anodes for electrolytic refining (including blister copper) (excluding electrocopper-plating, e lectroplating anodes)

Country coverage:

Belarus

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Belarus
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