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 reached $X in 2023, stabilizing at the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2018; however, from 2019 to 2023, consumption stood at a somewhat lower figure.

Production of Copper Bars, Rods and Profiles in CIS

In value terms, copper bar, rod and profile production rose to $X in 2023 estimated in export price. In general, production, however, continues to indicate a slight decrease. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2023, production failed to regain momentum.

Exports of Copper Bars, Rods and Profiles

Exports in CIS

In 2023, the amount of copper bars, rods and profiles exported in the CIS surged to X tons, with an increase of X% on the year before. Over the period under review, exports, however, showed a sharp reduction. The growth pace was the most rapid in 2019 when exports increased by X%. The volume of export peaked at X tons in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

In value terms, copper bar, rod and profile exports skyrocketed to $X in 2023. Overall, exports, however, recorded a dramatic shrinkage. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Uzbekistan (X tons) and Russia (X tons) represented the major exporters of copper bars, rods and profiles in 2023, accounting for approx. X% and X% of total exports, respectively. It was distantly followed by Azerbaijan (X tons), achieving a X% share of total exports.

From 2012 to 2023, the biggest increases were recorded for Uzbekistan (with a CAGR of X%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, the largest copper bar, rod and profile supplying countries in the CIS were Russia ($X), Uzbekistan ($X) and Azerbaijan ($X), with a combined X% share of total exports.

In terms of the main exporting countries, Azerbaijan, 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

The export price in the CIS stood at $X per ton in 2023, declining by X% against the previous year. In general, the export price continues to indicate a slight downturn. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2022 to 2023, the export prices remained at a lower figure.

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 2023, 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 2023, overseas purchases of copper bars, rods and profiles were finally on the rise to reach X tons after two years of decline. Overall, imports, however, showed a abrupt decline. The pace of growth appeared the most rapid in 2015 when imports increased by X%. As a result, imports reached the peak of X tons. From 2016 to 2023, the growth of imports remained at a lower figure.

In value terms, copper bar, rod and profile imports soared to $X in 2023. Over the period under review, imports, however, showed a abrupt descent. The pace of growth appeared the most rapid in 2015 with an increase of X%. As a result, imports reached the peak of $X. From 2016 to 2023, the growth of imports remained at a lower figure.

Imports by Country

In 2023, Belarus (X tons), distantly followed by Russia (X tons), Kazakhstan (X tons) and Uzbekistan (X tons) represented the main importers of copper bars, rods and profiles, together achieving X% of total imports. Azerbaijan (X tons) held a little share of total imports.

From 2012 to 2023, the biggest increases were recorded for Uzbekistan (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest copper bar, rod and profile importing markets in the CIS were Russia ($X), Belarus ($X) and Kazakhstan ($X), with a combined X% share of total imports. Uzbekistan and Azerbaijan lagged somewhat behind, together comprising a further X%.

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

Import Prices by Country

The import price in the CIS stood at $X per ton in 2023, declining by X% against the previous year. Import price indicated a modest expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, copper bar, rod and profile import price increased by X% against 2019 indices. The pace of growth was the most pronounced in 2016 an increase of X%. The level of import peaked at $X per ton in 2022, and then contracted in the following year.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Russia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform