EU: Threaded Copper Articles Market 2024

Threaded Copper Articles Market Size in the EU

After three years of decline, the EU threaded copper articles market increased by 22% to $X in 2022. Overall, consumption, however, continues to indicate a deep contraction. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Threaded Copper Articles Production in the EU

In value terms, threaded copper articles production rose notably to $X in 2022 estimated in export price. In general, production, however, saw a slight slump. The growth pace was the most rapid in 2021 when the production volume increased by 14%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Threaded Copper Articles Exports

Exports in the EU

Threaded copper articles exports declined to X tons in 2022, remaining relatively unchanged against the previous year's figure. The total export volume increased at an average annual rate of +1.3% 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 with an increase of 25%. Over the period under review, the exports reached the maximum at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, threaded copper articles exports fell modestly to $X in 2022. Total exports indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +4.1% 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 +35.9% against 2018 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 36% against the previous year. As a result, the exports attained the peak of $X, leveling off in the following year.

Exports by Country

In 2022, Italy (X tons) and Germany (X tons) represented the main exporters of threaded articles of copper in the European Union, together recording approx. 68% of total exports. It was distantly followed by France (X tons), generating a 12% share of total exports. Poland (X tons), Austria (X tons), the Czech Republic (X tons) and Hungary (X tons) took a little share of total exports.

From 2012 to 2022, the biggest increases were recorded for the Czech Republic (with a CAGR of +8.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest threaded copper articles supplying countries in the European Union were Germany ($X), Italy ($X) and France ($X), together comprising 83% of total exports. Austria, the Czech Republic, Poland and Hungary lagged somewhat behind, together comprising a further 8.9%.

Among the main exporting countries, the Czech Republic, with a CAGR of +15.3%, saw 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 the European Union stood at $X per ton in 2022, almost unchanged from the previous year. Export price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, threaded copper articles export price increased by +62.4% against 2015 indices. The growth pace was the most rapid in 2017 an increase of 14% against the previous year. Over the period under review, the export prices hit record highs in 2022 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+8.8%), while the other leaders experienced more modest paces of growth.

Threaded Copper Articles Imports

Imports in the EU

In 2022, after two years of growth, there was decline in overseas purchases of threaded articles of copper, when their volume decreased by -1% to X tons. Overall, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by 24% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, threaded copper articles imports expanded modestly to $X in 2022. Total imports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +5.4% 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 +28.1% against 2018 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 34% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

The purchases of the twelve major importers of threaded articles of copper, namely Germany, the Czech Republic, Poland, Spain, Italy, France, Austria, Hungary, Luxembourg, the Netherlands, Romania and Sweden, represented more than two-thirds of total import.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Spain (with a CAGR of +17.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest threaded copper articles importing markets in the European Union were Germany ($X), the Czech Republic ($X) and Poland ($X), together comprising 50% of total imports. Italy, France, Hungary, Austria, Spain, Romania, Luxembourg, the Netherlands and Sweden lagged somewhat behind, together comprising a further 39%.

In terms of the main importing countries, Luxembourg, with a CAGR of +18.4%, 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 3.6% against the previous year. Import price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, threaded copper articles import price increased by +63.1% against 2015 indices. The pace of growth was the most pronounced in 2019 when the import price increased by 26%. The level of import peaked in 2022 and is likely to see steady growth in the near future.

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 Germany ($X per ton), while Spain ($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 (+15.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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