Denmark: Market for Copper Bars, Rods and Profiles 2024

Market Size for Copper Bars, Rods and Profiles in Denmark

In 2022, after two years of growth, there was significant decline in the Danish market for copper bars, rods and profiles, when its value decreased by -9.5% to $X. In general, the total consumption indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +48.4% against 2019 indices. As a result, consumption attained the peak level of $X, and then shrank in the following year.

Production of Copper Bars, Rods and Profiles in Denmark

In value terms, copper bar, rod and profile production surged to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a pronounced decrease. Copper bar, rod and profile production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Exports of Copper Bars, Rods and Profiles

Exports from Denmark

Copper bar, rod and profile exports from Denmark reduced to X tons in 2022, which is down by -10.7% on the previous year's figure. Overall, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when exports increased by 29% against the previous year. Over the period under review, the exports reached the maximum 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 contracted to $X in 2022. In general, exports, however, posted a buoyant expansion. The growth pace was the most rapid in 2021 with an increase of 38%. As a result, the exports attained the peak of $X, and then fell modestly in the following year.

Exports by Country

Sweden (X tons), Norway (X tons) and Poland (X tons) were the main destinations of copper bar, rod and profile exports from Denmark, together comprising 76% of total exports.

From 2012 to 2022, the biggest increases were recorded for Norway (with a CAGR of +18.0%), while shipments for the other leaders experienced a decline.

In value terms, Norway ($X), Sweden ($X) and Poland ($X) constituted the largest markets for copper bar, rod and profile exported from Denmark worldwide, with a combined 75% share of total exports.

Norway, with a CAGR of +30.6%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination 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 export price for copper bars, rods and profiles amounted to $X per ton, surging by 8.9% against the previous year. In general, export price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +7.0% 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 +55.7% against 2019 indices. The growth pace was the most rapid in 2013 an increase of 50%. The export price peaked in 2022 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to Finland ($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 Norway (+10.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper Bars, Rods and Profiles

Imports into Denmark

In 2022, the amount of copper bars, rods and profiles imported into Denmark contracted significantly to X tons, declining by -17.6% on 2021. The total import volume increased at an average annual rate of +1.5% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 30%. As a result, imports attained the peak of X tons, and then contracted markedly in the following year.

In value terms, copper bar, rod and profile imports reduced to $X in 2022. Over the period under review, total imports indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +3.2% 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 +54.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 65% against the previous year. As a result, imports attained the peak of $X, and then shrank in the following year.

Imports by Country

Germany (X tons), Sweden (X tons) and France (X tons) were the main suppliers of copper bar, rod and profile imports to Denmark, with a combined 74% share of total imports. Bulgaria, Poland, Finland, Italy and the Netherlands lagged somewhat behind, together comprising a further 19%.

From 2012 to 2022, the biggest increases were recorded for Bulgaria (with a CAGR of +86.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest copper bar, rod and profile suppliers to Denmark were Germany ($X), Sweden ($X) and France ($X), with a combined 67% share of total imports. Bulgaria, Finland, Poland, Italy and the Netherlands lagged somewhat behind, together accounting for a further 23%.

In terms of the main suppliers, Bulgaria, with a CAGR of +91.5%, recorded the highest rates of growth with regard to 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

The average import price for copper bars, rods and profiles stood at $X per ton in 2022, picking up by 14% against the previous year. Over the last decade, it increased at an average annual rate of +1.8%. The pace of growth appeared the most rapid in 2021 when the average import price increased by 27% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: 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 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+8.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :