Benelux: Market for Copper Bars, Wire And Plates 2024

Market Size for Copper Bars, Wire And Plates in Benelux

In 2021, after two years of decline, there was significant growth in the Benelux market for copper bars, wire and plates, when its value increased by 10% to $X. The market value increased at an average annual rate of +1.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Production of Copper Bars, Wire And Plates in Benelux

In value terms, copper bars, wire and plates production expanded rapidly to $X in 2021 estimated in export price. In general, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 18% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2021, production growth remained at a lower figure.

Exports of Copper Bars, Wire And Plates

Exports in Benelux

In 2021, after two years of decline, there was significant growth in overseas shipments of copper bars, wire and plates, when their volume increased by 11% to X tons. The total export volume increased at an average annual rate of +1.6% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2013 when exports increased by 15% against the previous year. The volume of export peaked at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, copper bars, wire and plates exports surged to $X in 2021. Total exports indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +3.1% over the last nine-year period. 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

Belgium represented the key exporter of copper bars, wire and plates in Benelux, with the volume of exports reaching X tons, which was approx. 88% of total exports in 2021. It was distantly followed by the Netherlands (X tons), comprising a 12% share of total exports.

Belgium was also the fastest-growing in terms of the copper bars, wire and plates exports, with a CAGR of +2.3% from 2012 to 2021. The Netherlands (-2.5%) illustrated a downward trend over the same period. While the share of Belgium (+5.4 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of the Netherlands (-5.4 p.p.) displayed negative dynamics.

In value terms, Belgium ($X) remains the largest copper bars, wire and plates supplier in Benelux, comprising 90% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 10% share of total exports.

In Belgium, copper bars, wire and plates exports increased at an average annual rate of +3.6% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Benelux amounted to $X per ton, rising by 44% against the previous year. Export price indicated a slight expansion from 2012 to 2021: its price increased at an average annual rate of +1.5% 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 amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the Netherlands stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+1.8%).

Imports of Copper Bars, Wire And Plates

Imports in Benelux

After two years of decline, overseas purchases of copper bars, wire and plates increased by 26% to X tons in 2021. The total import volume increased at an average annual rate of +2.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 37% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, copper bars, wire and plates imports soared to $X in 2021. Total imports indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +2.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +12.6% against 2018 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The Netherlands (X tons) and Belgium (X tons) dominates imports structure, together creating 98% of total imports. Luxembourg (X tons) took a little share of total imports.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +2.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Belgium ($X) and Luxembourg ($X) appeared to be the countries with the highest levels of imports in 2021.

The Netherlands, with a CAGR of +3.7%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Benelux stood at $X per ton in 2021, increasing by 15% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 20%. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while Luxembourg ($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 (+1.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform