Austria: Copper Market 2025

Copper Market Size in Austria

The Austrian copper market reduced sharply to $X in 2022, with a decrease of -52.8% 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, consumption saw a pronounced setback. Copper consumption peaked at $X in 2021, and then declined dramatically in the following year.

Copper Exports

Exports from Austria

For the fourth consecutive year, Austria recorded growth in overseas shipments of copper, which increased by 5% to X tons in 2022. In general, exports recorded a perceptible expansion. The pace of growth appeared the most rapid in 2016 with an increase of 276%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, copper exports rose to $X in 2022. Overall, exports saw a buoyant increase. The pace of growth appeared the most rapid in 2021 with an increase of 409% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Italy (X tons) and Germany (X tons) were the main destinations of copper exports from Austria.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +165.4%).

In value terms, the largest markets for copper exported from Austria were Italy ($X) and Germany ($X).

Italy, with a CAGR of +172.4%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review.

Export Prices by Country

The average copper export price stood at $X per ton in 2022, shrinking by -2.9% against the previous year. Overall, export price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, copper export price increased by +33.6% against 2018 indices. The pace of growth was the most pronounced in 2021 when the average export price increased by 46%. As a result, the export price reached the peak level of $X per ton, and then dropped slightly in the following year.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Germany totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Norway (+30.7%), while the prices for the other major destinations experienced more modest paces of growth.

Copper Imports

Imports into Austria

Copper imports into Austria reduced rapidly to X tons in 2022, dropping by -50.1% on the previous year's figure. Overall, imports recorded a noticeable decrease. The pace of growth was the most pronounced in 2015 when imports increased by 51%. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, copper imports contracted significantly to $X in 2022. Over the period under review, imports recorded a noticeable setback. The most prominent rate of growth was recorded in 2021 with an increase of 57%. As a result, imports reached the peak of $X, and then fell sharply in the following year.

Imports by Country

In 2022, Slovakia (X tons) was the main supplier of copper to Austria, accounting for a approx. 98% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Slovakia stood at -3.2%.

In value terms, Slovakia ($X) constituted the largest supplier of copper to Austria.

From 2012 to 2022, the average annual rate of growth in terms of value from Slovakia totaled -2.1%.

Import Prices by Country

In 2022, the average copper import price amounted to $X per ton, shrinking by -3.6% against the previous year. In general, import price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, copper import price increased by +46.4% against 2019 indices. The most prominent rate of growth was recorded in 2021 an increase of 49%. As a result, import price attained the peak level of $X per ton, and then reduced slightly in the following year.

As there is only one major supplying country, the average price level is determined by prices for Slovakia.

From 2012 to 2022, the rate of growth in terms of prices for Slovakia amounted to +1.1% per year.

Source: IndexBox Platform

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