EU: Market for Copper Bars, Rods and Profiles 2024

Market Size for Copper Bars, Rods and Profiles in the EU

In 2022, the EU market for copper bars, rods and profiles increased by 12% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of +1.2% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in the immediate term.

Production of Copper Bars, Rods and Profiles in the EU

In value terms, copper bar, rod and profile production reached $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the production volume increased by 27%. Over the period under review, production reached the maximum level in 2022 and is likely to see gradual growth in years to come.

Exports of Copper Bars, Rods and Profiles

Exports in the EU

In 2022, approx. X tons of copper bars, rods and profiles were exported in the European Union; which is down by -6.3% compared with 2021 figures. The total export volume increased at an average annual rate of +1.6% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 18% against the previous year. As a result, the exports reached the peak of X tons, and then fell in the following year.

In value terms, copper bar, rod and profile exports amounted to $X in 2022. Total exports indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +3.1% 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 +58.2% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 57% against the previous year. The level of export peaked in 2022 and is likely to continue growth in years to come.

Exports by Country

In 2022, Germany (X tons) and Italy (X tons) were the main exporters of copper bars, rods and profiles in the European Union, together accounting for near 56% of total exports. France (X tons) ranks next in terms of the total exports with an 11% share, followed by Bulgaria (6.7%) and Spain (4.8%). Poland (X tons), Belgium (X tons), Greece (X tons), Sweden (X tons), Portugal (X tons) and Austria (X tons) took a little share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Belgium (with a CAGR of +8.4%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and France ($X) constituted the countries with the highest levels of exports in 2022, together comprising 67% of total exports. Bulgaria, Poland, Spain, Belgium, Greece, Austria, Portugal and Sweden lagged somewhat behind, together accounting for a further 28%.

Among the main exporting countries, Portugal, with a CAGR of +12.3%, recorded the highest growth rate of 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 the European Union stood at $X per ton in 2022, with an increase of 7.8% against the previous year. Over the last decade, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2021 when the export price increased by 33%. Over the period under review, the export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Austria ($X per ton), while Sweden ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Greece (+4.2%), while the other leaders experienced more modest paces of growth.

Imports of Copper Bars, Rods and Profiles

Imports in the EU

In 2022, copper bar, rod and profile imports in the European Union declined slightly to X tons, reducing by -2.8% against 2021 figures. The total import volume increased at an average annual rate of +2.4% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 23%. As a result, imports attained the peak of X tons, and then declined modestly in the following year.

In value terms, copper bar, rod and profile imports amounted to $X in 2022. Total imports indicated a tangible increase 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, imports increased by +62.1% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 60%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

Germany (X tons) and Italy (X tons) were the main importers of copper bars, rods and profiles in 2022, accounting for approx. 22% and 19% of total imports, respectively. It was distantly followed by France (X tons), Spain (X tons), the Netherlands (X tons), Poland (X tons) and the Czech Republic (X tons), together mixing up a 35% share of total imports. The following importers - Denmark (X tons), Austria (X tons), Hungary (X tons), Slovenia (X tons) and Sweden (X tons) - together made up 15% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by the Netherlands (with a CAGR of +8.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and France ($X) were the countries with the highest levels of imports in 2022, together comprising 51% of total imports. Poland, Spain, the Czech Republic, the Netherlands, Denmark, Austria, Hungary, Slovenia and Sweden lagged somewhat behind, together comprising a further 40%.

Among the main importing countries, Poland, with a CAGR of +8.4%, saw 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

In 2022, the import price in the European Union amounted to $X per ton, increasing by 4.3% against the previous year. Overall, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the import price increased by 30%. The level of import peaked in 2022 and is expected to retain growth in years to come.

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 Poland ($X per ton), while the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+2.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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