Austria: Market for Copper Bars, Rods and Profiles 2024

Market Size for Copper Bars, Rods and Profiles in Austria

In 2022, the Austrian market for copper bars, rods and profiles increased by 20% to $X, rising for the second year in a row after five years of decline. The market value increased at an average annual rate of +1.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Copper Bars, Rods and Profiles in Austria

In value terms, copper bar, rod and profile production expanded to $X in 2022 estimated in export price. Overall, production, however, recorded a perceptible contraction. The most prominent rate of growth was recorded in 2015 with an increase of 86%. As a result, production reached the peak level of $X. From 2016 to 2022, production growth remained at a lower figure.

Exports of Copper Bars, Rods and Profiles

Exports from Austria

In 2022, approx. X tons of copper bars, rods and profiles were exported from Austria; with a decrease of -1.9% compared with the previous year's figure. Over the period under review, exports recorded a mild decrease. The pace of growth was the most pronounced in 2021 with an increase of 20%. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, copper bar, rod and profile exports amounted to $X in 2022. In general, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 45%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X tons) was the main destination for copper bar, rod and profile exports from Austria, accounting for a 62% share of total exports. Moreover, copper bar, rod and profile exports to Germany exceeded the volume sent to the second major destination, Switzerland (X tons), eightfold. Italy (X tons) ranked third in terms of total exports with a 6.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany amounted to -1.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (-0.7% per year) and Italy (+0.1% per year).

In value terms, Germany ($X) remains the key foreign market for copper bars, rods and profiles exports from Austria, comprising 60% of total exports. The second position in the ranking was taken by Switzerland ($X), with an 8.8% share of total exports. It was followed by Italy, with a 6.3% share.

From 2012 to 2022, the average annual growth rate of value to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (+2.0% per year) and Italy (+1.7% per year).

Export Prices by Country

The average export price for copper bars, rods and profiles stood at $X per ton in 2022, rising by 3.3% against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. The pace of growth was the most pronounced in 2021 when the average export price increased by 20% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Bosnia and Herzegovina ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+4.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper Bars, Rods and Profiles

Imports into Austria

In 2022, supplies from abroad of copper bars, rods and profiles increased by 1.7% to X tons, rising for the second year in a row after four years of decline. The total import volume increased at an average annual rate of +1.3% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 25%. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in the immediate term.

In value terms, copper bar, rod and profile imports expanded rapidly to $X in 2022. Overall, total imports indicated modest growth from 2012 to 2022: its value increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +77.1% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 55% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

Germany (X tons), Italy (X tons) and Bulgaria (X tons) were the main suppliers of copper bar, rod and profile imports to Austria, together accounting for 90% of total imports.

From 2012 to 2022, the biggest increases were recorded for Bulgaria (with a CAGR of +43.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of copper bars, rods and profiles to Austria, comprising 58% of total imports. The second position in the ranking was taken by Italy ($X), with a 23% share of total imports. It was followed by Bulgaria, with a 4.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+12.3% per year) and Bulgaria (+38.5% per year).

Import Prices by Country

In 2022, the average import price for copper bars, rods and profiles amounted to $X per ton, rising by 12% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average import price increased by 24%. The import price peaked in 2022 and is likely to see gradual growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+14.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :