EU: Market for Copper Bars, Wire And Plates 2024

Market Size for Copper Bars, Wire And Plates in the EU

In 2023, the EU market for copper bars, wire and plates increased by X% to $X, rising for the third consecutive year after two years of decline. In general, consumption continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2013; afterwards, it flattened through to 2023.

Production of Copper Bars, Wire And Plates in the EU

In value terms, copper bars, wire and plates production fell to $X in 2023 estimated in export price. Overall, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2022, and then fell slightly in the following year.

Exports of Copper Bars, Wire And Plates

Exports in the EU

In 2023, copper bars, wire and plates exports in the European Union fell to X tons, declining by X% compared with the year before. In general, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, the exports attained the maximum at X tons in 2018; however, from 2019 to 2023, the exports stood at a somewhat lower figure.

In value terms, copper bars, wire and plates exports shrank modestly to $X in 2023. Total exports indicated a slight increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports decreased by X% against 2021 indices. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2022 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Germany was the major exporting country with an export of about X tons, which amounted to X% of total exports. Belgium (X tons) held an X% share (based on physical terms) of total exports, which put it in second place, followed by Italy (X%), Poland (X%), Spain (X%), France (X%) and Bulgaria (X%).

Germany experienced a relatively flat trend pattern with regard to volume of exports of copper bars, wire and plates. At the same time, Bulgaria (X%), Belgium (X%), Poland (X%) and Spain (X%) displayed positive paces of growth. Moreover, Bulgaria emerged as the fastest-growing exporter exported in the European Union, with a CAGR of X% from 2012-2023. Italy experienced a relatively flat trend pattern. By contrast, France (X%) illustrated a downward trend over the same period. Bulgaria (X p.p.), Belgium (X p.p.) and Poland (X p.p.) significantly strengthened its position in terms of the total exports, while Germany saw its share reduced by X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) remains the largest copper bars, wire and plates supplier in the European Union, comprising X% of total exports. The second position in the ranking was held by Belgium ($X), with an X% share of total exports. It was followed by Poland, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Germany amounted to X%. In the other countries, the average annual rates were as follows: Belgium (X% per year) and Poland (X% per year).

Export Prices by Country

The export price in the European Union stood at $X per ton in 2023, with an increase of X% against the previous year. Export price indicated mild growth 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 bars, wire and plates export price increased by X% against 2018 indices. The growth pace was the most rapid in 2021 an increase of X% against the previous year. The level of export peaked in 2023 and is likely to see gradual growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2023, major exporting countries recorded the following prices: in Bulgaria ($X per ton) and Germany ($X per ton), while Spain ($X per ton) and Italy ($X per ton) were amongst the lowest.

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

Imports of Copper Bars, Wire And Plates

Imports in the EU

In 2023, purchases abroad of copper bars, wire and plates decreased by X% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, imports, however, recorded a mild expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports reached the peak of X tons; afterwards, it flattened through to 2023.

In value terms, copper bars, wire and plates imports dropped slightly to $X in 2023. Total imports indicated a temperate expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2022, and then shrank in the following year.

Imports by Country

Italy (X tons), Germany (X tons), France (X tons), the Czech Republic (X tons), Belgium (X tons), Poland (X tons), Austria (X tons), Spain (X tons), Hungary (X tons), Romania (X tons), Portugal (X tons) and the Netherlands (X tons) represented roughly X% of total imports in 2023.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Belgium (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Germany ($X) and France ($X) constituted the countries with the highest levels of imports in 2023, with a combined X% share of total imports. The Czech Republic, Poland, Romania, Austria, Hungary, Spain, Portugal, the Netherlands and Belgium lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Poland, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in the European Union amounted to $X per ton, therefore, remained relatively stable against the previous year. Import price indicated a mild 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 bars, wire and plates import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. Over the period under review, import prices attained the peak figure in 2023 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Romania ($X per ton), while Belgium ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform