Benelux: Market for Copper Bars, Rods and Profiles 2024

Market Size for Copper Bars, Rods and Profiles in Benelux

For the third consecutive year, the Benelux market for copper bars, rods and profiles recorded growth in sales value, which increased by 0.9% to $X in 2022. Overall, consumption showed a relatively flat trend pattern. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Production of Copper Bars, Rods and Profiles in Benelux

In value terms, copper bar, rod and profile production totaled $X in 2022 estimated in export price. In general, production, however, continues to indicate a mild slump. The most prominent rate of growth was recorded in 2013 when the production volume increased by 21%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Exports of Copper Bars, Rods and Profiles

Exports in Benelux

In 2022, after three years of decline, there was growth in overseas shipments of copper bars, rods and profiles, when their volume increased by 0.3% to X tons. Overall, exports, however, showed a perceptible shrinkage. The pace of growth was the most pronounced in 2013 with an increase of 23% against the previous year. The volume of export 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 totaled $X in 2022. In general, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 when exports increased by 21%. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Belgium (X tons) was the main exporter of copper bars, rods and profiles, generating 84% of total exports. It was distantly followed by the Netherlands (X tons), constituting a 15% share of total exports.

Belgium was also the fastest-growing in terms of the copper bars, rods and profiles exports, with a CAGR of +8.4% from 2012 to 2022. The Netherlands (-16.2%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Belgium increased by +55 percentage points.

In value terms, Belgium ($X) remains the largest copper bar, rod and profile supplier in Benelux, comprising 82% of total exports. The second position in the ranking was held by the Netherlands ($X), with an 18% share of total exports.

In Belgium, copper bar, rod and profile exports increased at an average annual rate of +8.6% over the period from 2012-2022.

Export Prices by Country

The export price in Benelux stood at $X per ton in 2022, approximately mirroring the previous year. Export price indicated noticeable growth from 2012 to 2022: its price 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, copper bar, rod and profile export price increased by +93.5% against 2016 indices. The pace of growth was the most pronounced in 2021 when the export price increased by 48%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while Belgium stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+5.4%).

Imports of Copper Bars, Rods and Profiles

Imports in Benelux

For the third year in a row, Benelux recorded growth in overseas purchases of copper bars, rods and profiles, which increased by 29% to X tons in 2022. Total imports indicated a pronounced increase from 2012 to 2022: its volume increased at an average annual rate of +3.8% 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 +82.4% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, copper bar, rod and profile imports expanded modestly to $X in 2022. Total imports indicated a mild increase from 2012 to 2022: its value increased at an average annual rate of +1.3% 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 +67.9% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 48% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

The Netherlands dominates imports structure, accounting for X tons, which was approx. 90% of total imports in 2022. It was distantly followed by Belgium (X tons), mixing up a 6.1% share of total imports. Luxembourg (X tons) took a little share of total imports.

The Netherlands was also the fastest-growing in terms of the copper bars, rods and profiles imports, with a CAGR of +8.7% from 2012 to 2022. Luxembourg (-3.8%) and Belgium (-12.8%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the Netherlands increased by +33 percentage points.

In value terms, the Netherlands ($X) constitutes the largest market for imported copper bars, rods and profiles in Benelux, comprising 87% of total imports. The second position in the ranking was taken by Belgium ($X), with an 8.5% share of total imports.

In the Netherlands, copper bar, rod and profile imports increased at an average annual rate of +5.9% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Belgium (-12.7% per year) and Luxembourg (-2.2% per year).

Import Prices by Country

The import price in Benelux stood at $X per ton in 2022, declining by -21.4% against the previous year. Overall, the import price saw a perceptible setback. The growth pace was the most rapid in 2021 when the import price increased by 22% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Belgium ($X per ton), while the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Luxembourg (+1.6%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform