Belgium: Copper Foil Market 2024

Copper Foil Market Size in Belgium

The Belgian copper foil market soared to $X in 2022, growing by 122% 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, however, showed a mild reduction. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Copper Foil Exports

Exports from Belgium

In 2022, after two years of growth, there was significant decline in shipments abroad of copper foil, when their volume decreased by -18.9% to X tons. Overall, total exports indicated noticeable growth from 2012 to 2022: its volume increased at an average annual rate of +2.8% 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 +33.0% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 32%. Over the period under review, the exports attained the maximum at X tons in 2021, and then declined markedly in the following year.

In value terms, copper foil exports declined rapidly to $X in 2022. In general, total exports indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 36% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2021, and then shrank markedly in the following year.

Exports by Country

France (X tons) was the main destination for copper foil exports from Belgium, accounting for a 31% share of total exports. Moreover, copper foil exports to France exceeded the volume sent to the second major destination, the UK (X tons), twofold. The third position in this ranking was held by Germany (X tons), with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to France stood at +11.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+13.9% per year) and Germany (-2.6% per year).

In value terms, the largest markets for copper foil exported from Belgium were Taiwan (Chinese) ($X), France ($X) and Germany ($X), with a combined 63% share of total exports. China, the UK, Switzerland, Norway, Mexico and Hong Kong SAR lagged somewhat behind, together accounting for a further 22%.

Among the main countries of destination, Mexico, with a CAGR of +121.1%, saw the highest growth rate of 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 copper foil export price amounted to $X per ton, leveling off at the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 22% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

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 Taiwan (Chinese) ($X per ton), while the average price for exports to Norway ($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 Taiwan (Chinese) (+14.2%), while the prices for the other major destinations experienced more modest paces of growth.

Copper Foil Imports

Imports into Belgium

In 2022, the amount of copper foil imported into Belgium soared to X tons, with an increase of 56% compared with the previous year's figure. Over the period under review, imports recorded prominent growth. The most prominent rate of growth was recorded in 2016 with an increase of 109%. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in years to come.

In value terms, copper foil imports skyrocketed to $X in 2022. In general, total imports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +10.1% 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 +40.4% against 2019 indices. The most prominent rate of growth was recorded in 2016 when imports increased by 47% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, France (X tons) constituted the largest copper foil supplier to Belgium, accounting for a 49% share of total imports. Moreover, copper foil imports from France exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. The third position in this ranking was held by Sweden (X tons), with a 6.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from France totaled +36.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+8.8% per year) and Sweden (+79.5% per year).

In value terms, France ($X), the United States ($X) and Luxembourg ($X) appeared to be the largest copper foil suppliers to Belgium, together accounting for 65% of total imports. Germany, Sweden, Austria and Italy lagged somewhat behind, together accounting for a further 28%.

Among the main suppliers, Austria, with a CAGR of +115.1%, recorded the highest growth rate of 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

In 2022, the average copper foil import price amounted to $X per ton, reducing by -20.2% against the previous year. In general, the import price recorded a pronounced downturn. The most prominent rate of growth was recorded in 2017 an increase of 21%. Over the period under review, average import prices hit record highs at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform