Belgium: Market for Copper Bars, Wire And Plates 2024

Market Size for Copper Bars, Wire And Plates in Belgium

The Belgian market for copper bars, wire and plates skyrocketed to $X in 2021, picking up by 18% against the previous year. The market value increased at an average annual rate of +1.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Production of Copper Bars, Wire And Plates in Belgium

In value terms, copper bars, wire and plates production rose significantly to $X in 2021 estimated in export price. In general, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 20% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Exports of Copper Bars, Wire And Plates

Exports from Belgium

In 2021, after two years of decline, there was significant growth in shipments abroad of copper bars, wire and plates, when their volume increased by 14% to X tons. The total export volume increased at an average annual rate of +2.3% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, copper bars, wire and plates exports skyrocketed to $X in 2021. In general, total exports indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +3.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The UK (X tons), Romania (X tons) and France (X tons) were the main destinations of copper bars, wire and plates exports from Belgium, with a combined 43% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Romania (with a CAGR of +198.2%), while the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), Romania ($X) and France ($X) were the largest markets for copper bars, wire and plates exported from Belgium worldwide, with a combined 43% share of total exports.

Among the main countries of destination, Romania, with a CAGR of +182.6%, recorded 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

The average export price for copper bars, wire and plates stood at $X per ton in 2021, surging by 45% against the previous year. Overall, export price indicated a modest expansion from 2012 to 2021: its price increased at an average annual rate of +1.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, copper bars, wire and plates export price increased by +47.9% against 2019 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major foreign markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Austria ($X per ton) and France ($X per ton), while the average price for exports to Morocco ($X per ton) and the UK ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Austria (+3.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper Bars, Wire And Plates

Imports into Belgium

In 2021, imports of copper bars, wire and plates into Belgium skyrocketed to X tons, rising by 52% on 2020 figures. Over the period under review, total imports indicated a tangible expansion from 2012 to 2021: its volume increased at an average annual rate of +2.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +86.2% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, copper bars, wire and plates imports soared to $X in 2021. In general, imports showed a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

France (X tons), Germany (X tons) and Spain (X tons) were the main suppliers of copper bars, wire and plates imports to Belgium, with a combined 92% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +20.1%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest copper bars, wire and plates suppliers to Belgium were Germany ($X), France ($X) and Spain ($X), together comprising 87% of total imports.

Spain, with a CAGR of +17.7%, saw the highest rates of growth with regard to 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

In 2021, the average import price for copper bars, wire and plates amounted to $X per ton, falling by -3.5% against the previous year. Overall, the import price saw a noticeable reduction. The pace of growth was the most pronounced in 2017 when the average import price increased by 20% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+6.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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