Benelux: Copper Foil Market 2024

Copper Foil Market Size in Benelux

In 2022, the Benelux copper foil market increased by 144% to $X, rising for the fourth consecutive year after three years of decline. Overall, consumption saw prominent growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Copper Foil Production in Benelux

In value terms, copper foil production declined to $X in 2022 estimated in export price. Over the period under review, production recorded a mild curtailment. The growth pace was the most rapid in 2018 with an increase of 62%. Over the period under review, production attained the peak level at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Copper Foil Exports

Exports in Benelux

Copper foil exports fell to X tons in 2022, reducing by -14.3% on 2021 figures. Total exports indicated noticeable growth from 2012 to 2022: its volume increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -24.2% against 2018 indices. The pace of growth appeared the most rapid in 2014 with an increase of 104% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, copper foil exports declined to $X in 2022. Total exports indicated notable growth from 2012 to 2022: its value 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, exports increased by +3.7% against 2020 indices. The growth pace was the most rapid in 2014 when exports increased by 65%. The level of export peaked at $X in 2021, and then contracted in the following year.

Exports by Country

The Netherlands represented the largest exporter of copper foil in Benelux, with the volume of exports amounting to X tons, which was approx. 59% of total exports in 2022. It was distantly followed by Luxembourg (X tons), mixing up a 38% share of total exports. Belgium (X tons) took a relatively small share of total exports.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +4.8%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, the largest copper foil supplying countries in Benelux were Luxembourg ($X), the Netherlands ($X) and Belgium ($X).

In terms of the main exporting countries, the Netherlands, with a CAGR of +6.8%, 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 export price in Benelux stood at $X per ton in 2022, leveling off at the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.4%. The most prominent rate of growth was recorded in 2021 when the export price increased by 19% against the previous year. As a result, the export price attained the peak level of $X per ton, leveling off in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, 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 (+2.2%), while the other leaders experienced more modest paces of growth.

Copper Foil Imports

Imports in Benelux

In 2022, the amount of copper foil imported in Benelux surged to X tons, jumping by 125% against 2021. Overall, imports continue to indicate a significant expansion. The growth pace was the most rapid in 2014 when imports increased by 642%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, copper foil imports surged to $X in 2022. Over the period under review, imports saw a prominent increase. The most prominent rate of growth was recorded in 2014 with an increase of 266% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

The Netherlands was the largest importer of copper foil in Benelux, with the volume of imports recording X tons, which was near 84% of total imports in 2022. It was distantly followed by Belgium (X tons), constituting a 15% share of total imports.

The Netherlands was also the fastest-growing in terms of the copper foil imports, with a CAGR of +39.5% from 2012 to 2022. At the same time, Belgium (+14.6%) displayed positive paces of growth. The Netherlands (+43 p.p.) significantly strengthened its position in terms of the total imports, while Belgium saw its share reduced by -38% from 2012 to 2022, respectively.

In value terms, the Netherlands ($X) constitutes the largest market for imported copper foil in Benelux, comprising 69% of total imports. The second position in the ranking was held by Belgium ($X), with a 22% share of total imports.

In the Netherlands, copper foil imports increased at an average annual rate of +32.3% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in Benelux amounted to $X per ton, reducing by -20% against the previous year. Overall, the import price saw a deep contraction. The most prominent rate of growth was recorded in 2015 an increase of 196% against the previous year. As a result, import price attained the peak level of $X per ton. From 2016 to 2022, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices 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 totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (-3.9%).

Source: IndexBox Platform