Denmark: Market for Copper Bars, Wire And Plates 2024

Market Size for Copper Bars, Wire And Plates in Denmark

The Danish market for copper bars, wire and plates soared to $X in 2021, surging by 51% against the previous year. The market value increased at an average annual rate of +1.8% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Copper Bars, Wire And Plates in Denmark

In value terms, copper bars, wire and plates production rose markedly to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a noticeable setback. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Exports of Copper Bars, Wire And Plates

Exports from Denmark

In 2021, shipments abroad of copper bars, wire and plates was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, total exports indicated a perceptible increase from 2012 to 2021: its volume increased at an average annual rate of +4.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -3.3% against 2018 indices. The pace of growth appeared the most rapid in 2016 when exports increased by 23%. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, copper bars, wire and plates exports soared to $X in 2021. In general, exports enjoyed resilient growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Sweden (X tons) was the main destination for copper bars, wire and plates exports from Denmark, accounting for a 39% share of total exports. Moreover, copper bars, wire and plates exports to Sweden exceeded the volume sent to the second major destination, Germany (X tons), twofold. Norway (X tons) ranked third in terms of total exports with a 19% share.

From 2012 to 2021, the average annual growth rate of volume to Sweden stood at +5.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+3.1% per year) and Norway (+17.2% per year).

In value terms, Sweden ($X), Germany ($X) and Norway ($X) were the largest markets for copper bars, wire and plates exported from Denmark worldwide, with a combined 70% share of total exports.

Among the main countries of destination, Norway, with a CAGR of +23.3%, 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 average export price for copper bars, wire and plates stood at $X per ton in 2021, jumping by 29% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.0%. The pace of growth appeared the most rapid in 2013 an increase of 33%. Over the period under review, the average export prices attained the peak figure in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hungary ($X per ton), while the average price for exports to Finland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (+8.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper Bars, Wire And Plates

Imports into Denmark

In 2021, imports of copper bars, wire and plates into Denmark skyrocketed to X tons, growing by 18% on the previous year. The total import volume increased at an average annual rate of +1.8% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, copper bars, wire and plates imports skyrocketed to $X in 2021. In general, total imports indicated a tangible increase from 2012 to 2021: its value increased at an average annual rate of +2.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +67.5% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X tons), Sweden (X tons) and France (X tons) were the main suppliers of copper bars, wire and plates imports to Denmark, together accounting for 83% of total imports. Poland, Italy, Finland, Turkey and the Netherlands lagged somewhat behind, together accounting for a further 15%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +21.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Sweden ($X) and France ($X) appeared to be the largest copper bars, wire and plates suppliers to Denmark, together accounting for 76% of total imports. Poland, Italy, Finland, Turkey and the Netherlands lagged somewhat behind, together accounting for a further 19%.

Among the main suppliers, Turkey, with a CAGR of +23.3%, 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

The average import price for copper bars, wire and plates stood at $X per ton in 2021, growing by 34% against the previous year. Overall, the import price showed a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, 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 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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