Ireland: Market for Copper Bars, Wire And Plates 2024

Market Size for Copper Bars, Wire And Plates in Ireland

The Irish market for copper bars, wire and plates skyrocketed to $X in 2023, increasing by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated a moderate expansion from 2012 to 2023: its value 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, consumption decreased by X% against 2021 indices. As a result, consumption attained the peak level of $X. From 2019 to 2023, the growth of the market failed to regain momentum.

Exports of Copper Bars, Wire And Plates

Exports from Ireland

After two years of growth, overseas shipments of copper bars, wire and plates decreased by X% to X tons in 2023. Overall, exports, however, recorded a buoyant expansion. The growth pace was the most rapid in 2017 when exports increased by X%. The exports peaked at X tons in 2022, and then fell rapidly in the following year.

In value terms, copper bars, wire and plates exports declined rapidly to $X in 2023. In general, exports, however, recorded a strong increase. The pace of growth appeared the most rapid in 2022 with an increase of X% against the previous year. As a result, the exports attained the peak of $X, and then dropped notably in the following year.

Exports by Country

The UK (X tons) was the main destination for copper bars, wire and plates exports from Ireland, accounting for a X% share of total exports. It was followed by the United States (X tons), with a X% share of total exports. Germany (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to the UK totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Germany (X% per year).

In value terms, the UK ($X) remains the key foreign market for copper bars, wire and plates exports from Ireland, comprising X% of total exports. The second position in the ranking was taken by the United States ($X), with a X% share of total exports. It was followed by Germany, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to the UK amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Germany (X% per year).

Export Prices by Country

In 2023, the average export price for copper bars, wire and plates amounted to $X per ton, increasing by X% against the previous year. Overall, the export price, however, recorded a abrupt contraction. The pace of growth appeared the most rapid in 2018 when the average export price increased by X%. The export price peaked at $X per ton in 2013; however, from 2014 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to the UK ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (X%), while the prices for the other major destinations experienced a decline.

Imports of Copper Bars, Wire And Plates

Imports into Ireland

In 2023, approx. X tons of copper bars, wire and plates were imported into Ireland; picking up by X% on the year before. Over the period under review, imports recorded a strong increase. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports attained the peak of X tons. From 2022 to 2023, the growth of imports remained at a lower figure.

In value terms, copper bars, wire and plates imports expanded notably to $X in 2023. In general, total imports indicated a temperate expansion from 2012 to 2023: its value 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, imports increased by X% against 2021 indices. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2023, the UK (X tons) constituted the largest supplier of copper bars, wire and plates to Ireland, with a X% share of total imports. Moreover, copper bars, wire and plates imports from the UK exceeded the figures recorded by the second-largest supplier, Turkey (X tons), fivefold. The third position in this ranking was held by Germany (X tons), with a X% share.

From 2012 to 2023, the average annual growth rate of volume from the UK stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and Germany (X% per year).

In value terms, the largest copper bars, wire and plates suppliers to Ireland were the UK ($X), Turkey ($X) and the United States ($X), together accounting for X% of total imports. France, Germany and Spain lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Spain, 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

The average import price for copper bars, wire and plates stood at $X per ton in 2023, which is down by X% against the previous year. Over the period under review, the import price showed a slight decrease. The most prominent rate of growth was recorded in 2022 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform