Belgium: Market for Copper Bars, Rods and Profiles 2024

Market Size for Copper Bars, Rods and Profiles in Belgium

The Belgian market for copper bars, rods and profiles totaled $X in 2022, rising by 2.6% against the previous year. Overall, consumption, however, saw a noticeable contraction. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Production of Copper Bars, Rods and Profiles in Belgium

In value terms, copper bar, rod and profile production expanded significantly to $X in 2022 estimated in export price. The total output 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. The growth pace was the most rapid in 2013 when the production volume increased by 38% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Exports of Copper Bars, Rods and Profiles

Exports from Belgium

Copper bar, rod and profile exports from Belgium was estimated at X tons in 2022, growing by 4.9% on 2021. Overall, total exports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of +8.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +26.6% against 2020 indices. The pace of growth appeared the most rapid in 2013 when exports increased by 31%. The exports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, copper bar, rod and profile exports rose slightly to $X in 2022. In general, exports continue to indicate a prominent expansion. The pace of growth was the most pronounced in 2021 with an increase of 72% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Germany (X tons), the UK (X tons) and the Netherlands (X tons) were the main destinations of copper bar, rod and profile exports from Belgium, with a combined 59% share of total exports. Switzerland, Italy, France, Ireland, Mexico, Poland, Spain, Luxembourg, Morocco and Canada lagged somewhat behind, together comprising a further 37%.

From 2012 to 2022, the biggest increases were recorded for Mexico (with a CAGR of +140.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for copper bar, rod and profile exported from Belgium were Germany ($X), the UK ($X) and the Netherlands ($X), with a combined 57% share of total exports. Italy, Switzerland, France, Ireland, Mexico, Poland, Luxembourg, Spain, Canada and Morocco lagged somewhat behind, together accounting for a further 37%.

In terms of the main countries of destination, Mexico, with a CAGR of +149.1%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for copper bars, rods and profiles amounted to $X per ton, remaining relatively unchanged against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 42%. As a result, the export price reached the peak level of $X per ton, leveling off in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to Morocco ($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 Canada (+3.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper Bars, Rods and Profiles

Imports into Belgium

In 2022, copper bar, rod and profile imports into Belgium fell sharply to X tons, declining by -21.5% on the year before. Over the period under review, imports showed a deep downturn. The pace of growth was the most pronounced in 2021 with an increase of 20% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, copper bar, rod and profile imports dropped remarkably to $X in 2022. Overall, imports saw a abrupt shrinkage. The pace of growth was the most pronounced in 2021 when imports increased by 48% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

France (X tons), Portugal (X tons) and Bulgaria (X tons) were the main suppliers of copper bar, rod and profile imports to Belgium, with a combined 62% share of total imports. Germany, the Netherlands, Sweden, Thailand and Italy lagged somewhat behind, together accounting for a further 34%.

From 2012 to 2022, the biggest increases were recorded for Sweden (with a CAGR of +123.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Bulgaria ($X), Germany ($X) and Portugal ($X) constituted the largest copper bar, rod and profile suppliers to Belgium, together comprising 57% of total imports. The Netherlands, France, Sweden, Thailand and Italy lagged somewhat behind, together comprising a further 38%.

Sweden, with a CAGR of +110.1%, saw the highest growth rate of the value of imports, in terms of the main suppliers 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, rods and profiles stood at $X per ton in 2022, leveling off at the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 24% against the previous year. The import price peaked in 2022 and is likely to continue growth in years to come.

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 Italy ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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