CIS: Market for Copper Bars, Rods and Profiles 2024

Market Size for Copper Bars, Rods and Profiles in CIS

The CIS market for copper bars, rods and profiles dropped slightly to $X in 2022, which is down by X% against the previous year. Over the period under review, consumption saw a slight curtailment. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Production of Copper Bars, Rods and Profiles in CIS

In value terms, copper bar, rod and profile production declined modestly to $X in 2022 estimated in export price. In general, production recorded a noticeable decrease. The growth pace was the most rapid in 2014 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Exports of Copper Bars, Rods and Profiles

Exports in CIS

In 2022, the amount of copper bars, rods and profiles exported in the CIS declined sharply to X tons, which is down by X% against the previous year. In general, exports continue to indicate a significant curtailment. The pace of growth appeared the most rapid in 2019 when exports increased by X%. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, copper bar, rod and profile exports dropped markedly to $X in 2022. Overall, exports recorded a dramatic slump. The most prominent rate of growth was recorded in 2019 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Uzbekistan represented the major exporter of copper bars, rods and profiles in the CIS, with the volume of exports recording X tons, which was approx. X% of total exports in 2022. It was distantly followed by Russia (X tons), achieving a X% share of total exports. Azerbaijan (X tons) took a relatively small share of total exports.

Uzbekistan was also the fastest-growing in terms of the copper bars, rods and profiles exports, with a CAGR of X% from 2012 to 2022. At the same time, Azerbaijan (X%) displayed positive paces of growth. By contrast, Russia (X%) illustrated a downward trend over the same period. Uzbekistan (X p.p.) and Azerbaijan (X p.p.) significantly strengthened its position in terms of the total exports, while Russia saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Uzbekistan ($X), Russia ($X) and Azerbaijan ($X) constituted the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

Among the main exporting countries, Uzbekistan, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in the CIS amounted to $X per ton, with a decrease of X% against the previous year. Overall, the export price saw a slight decline. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton, and then fell rapidly in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Russia ($X per ton), while Azerbaijan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Azerbaijan (X%), while the other leaders experienced more modest paces of growth.

Imports of Copper Bars, Rods and Profiles

Imports in CIS

In 2022, supplies from abroad of copper bars, rods and profiles decreased by X% to X tons, falling for the second year in a row after two years of growth. In general, imports saw a abrupt shrinkage. The pace of growth was the most pronounced in 2015 when imports increased by X%. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, copper bar, rod and profile imports contracted to $X in 2022. Overall, imports saw a abrupt downturn. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Belarus was the key importer of copper bars, rods and profiles in the CIS, with the volume of imports amounting to X tons, which was approx. X% of total imports in 2022. Russia (X tons) ranks second in terms of the total imports with a X% share, followed by Kazakhstan (X%). Uzbekistan (X tons) and Armenia (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to copper bar, rod and profile imports into Belarus stood at X%. At the same time, Uzbekistan (X%) and Kazakhstan (X%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in the CIS, with a CAGR of X% from 2012-2022. By contrast, Armenia (X%) and Russia (X%) illustrated a downward trend over the same period. Belarus (X p.p.), Kazakhstan (X p.p.) and Uzbekistan (X p.p.) significantly strengthened its position in terms of the total imports, while Russia saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X), Belarus ($X) and Kazakhstan ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Uzbekistan and Armenia lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Uzbekistan, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in the CIS amounted to $X per ton, remaining relatively unchanged against the previous year. Import price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, copper bar, rod and profile import price increased by X% against 2015 indices. The pace of growth appeared the most rapid in 2016 when the import price increased by X%. Over the period under review, import prices hit record highs in 2022 and is likely to see gradual growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Russia ($X per ton), while Armenia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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