Europe: Market for Copper Bars, Wire And Plates 2024

Market Size for Copper Bars, Wire And Plates in Europe

In 2021, the Europe market for copper bars, wire and plates was finally on the rise to reach $X after two years of decline. In general, consumption, however, saw a mild curtailment. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Copper Bars, Wire And Plates in Europe

In value terms, copper bars, wire and plates production expanded sharply to $X in 2021 estimated in export price. In general, production, however, saw a noticeable descent. The pace of growth appeared the most rapid in 2017 with an increase of 18% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Copper Bars, Wire And Plates

Exports in Europe

In 2021, shipments abroad of copper bars, wire and plates was finally on the rise to reach X tons after two years of decline. Over the period under review, exports, however, recorded a relatively flat trend pattern. Over the period under review, the exports reached the peak figure at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, copper bars, wire and plates exports soared to $X in 2021. Total exports indicated slight growth from 2012 to 2021: its value increased at an average annual rate of +1.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Germany (X tons) represented the main exporter of copper bars, wire and plates, creating 34% of total exports. Italy (X tons) took a 9.8% share (based on physical terms) of total exports, which put it in second place, followed by Russia (9.4%), Belgium (8.9%), Poland (8.3%), France (7.1%) and Spain (6.9%).

From 2012 to 2021, average annual rates of growth with regard to copper bars, wire and plates exports from Germany stood at +1.3%. At the same time, Poland (+2.7%), Belgium (+2.3%) and Italy (+1.5%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing exporter exported in Europe, with a CAGR of +2.7% from 2012-2021. Spain and France experienced a relatively flat trend pattern. By contrast, Russia (-7.1%) illustrated a downward trend over the same period. While the share of Germany (+3.7 p.p.), Poland (+1.8 p.p.) and Belgium (+1.6 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Russia (-8.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) remains the largest copper bars, wire and plates supplier in Europe, comprising 36% of total exports. The second position in the ranking was held by Belgium ($X), with a 9.1% share of total exports. It was followed by Italy, with an 8.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Germany stood at +2.6%. In the other countries, the average annual rates were as follows: Belgium (+3.6% per year) and Italy (+2.5% per year).

Export Prices by Country

In 2021, the export price in Europe amounted to $X per ton, rising by 40% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.3%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in Germany ($X per ton) and Poland ($X per ton), while Spain ($X per ton) and Italy ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+2.0%), while the other leaders experienced more modest paces of growth.

Imports of Copper Bars, Wire And Plates

Imports in Europe

In 2021, purchases abroad of copper bars, wire and plates was finally on the rise to reach X tons after two years of decline. In general, imports showed a relatively flat trend pattern. Over the period under review, imports attained the peak figure at X tons in 2018; afterwards, it flattened through to 2021.

In value terms, copper bars, wire and plates imports soared to $X in 2021. Total imports indicated a mild increase from 2012 to 2021: its value increased at an average annual rate of +1.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The countries with the highest levels of copper bars, wire and plates imports in 2021 were Italy (X tons), Germany (X tons), France (X tons), the Czech Republic (X tons), Poland (X tons), the UK (X tons), Romania (X tons), Spain (X tons), Austria (X tons), Hungary (X tons), Switzerland (X tons) and the Netherlands (X tons), together resulting at 78% of total import. Belgium (X tons) held a minor share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Poland (with a CAGR of +5.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Germany ($X) and France ($X) constituted the countries with the highest levels of imports in 2021, together comprising 36% of total imports. These countries were followed by the Czech Republic, Poland, Romania, the UK, Switzerland, Hungary, Austria, Spain, the Netherlands and Belgium, which together accounted for a further 45%.

In terms of the main importing countries, Poland, with a CAGR of +6.9%, 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

In 2021, the import price in Europe amounted to $X per ton, with an increase of 38% against the previous year. Over the last nine years, it increased at an average annual rate of +1.1%. 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 importing countries. In 2021, amid the top importers, the country with the highest price was Switzerland ($X per ton), while Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+2.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform