Germany: Market for Copper Bars, Rods and Profiles 2024

Market Size for Copper Bars, Rods and Profiles in Germany

In 2022, the German market for copper bars, rods and profiles increased by 7.4% to $X, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of +2.5% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Copper bar, rod and profile consumption peaked in 2022 and is expected to retain growth in years to come.

Production of Copper Bars, Rods and Profiles in Germany

In value terms, copper bar, rod and profile production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.6% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 31% against the previous year. Over the period under review, production reached the peak level in 2022 and is expected to retain growth in the immediate term.

Exports of Copper Bars, Rods and Profiles

Exports from Germany

In 2022, exports of copper bars, rods and profiles from Germany shrank notably to X tons, with a decrease of -15.4% against 2021 figures. In general, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 6.7% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, copper bar, rod and profile exports dropped to $X in 2022. The total export value increased at an average annual rate of +1.1% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 38% against the previous year. As a result, the exports attained the peak of $X, and then contracted in the following year.

Exports by Country

Italy (X tons), France (X tons) and Norway (X tons) were the main destinations of copper bar, rod and profile exports from Germany, with a combined 38% share of total exports. Austria, Switzerland, the UK, the Netherlands, Poland, the United States, Hungary, the Czech Republic, Spain and Denmark lagged somewhat behind, together accounting for a further 53%.

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of +6.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for copper bar, rod and profile exported from Germany were Italy ($X), France ($X) and Austria ($X), with a combined 38% share of total exports. Switzerland, the UK, the United States, the Netherlands, Poland, the Czech Republic, Norway, Spain, Hungary and Denmark lagged somewhat behind, together comprising a further 50%.

In terms of the main countries of destination, the United States, with a CAGR of +5.1%, 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, rods and profiles stood at $X per ton in 2022, rising by 8.7% against the previous year. Over the last decade, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2021 an increase of 31% against the previous year. The export price peaked in 2022 and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Norway ($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 Denmark (+2.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper Bars, Rods and Profiles

Imports into Germany

Copper bar, rod and profile imports into Germany fell to X tons in 2022, which is down by -4.7% on 2021. The total import volume increased at an average annual rate of +1.2% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 37%. As a result, imports reached the peak of X tons, and then contracted modestly in the following year.

In value terms, copper bar, rod and profile imports fell modestly to $X in 2022. Overall, total imports indicated a mild expansion from 2012 to 2022: its value increased at an average annual rate of +1.8% 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 +74.7% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 81%. As a result, imports attained the peak of $X, and then reduced in the following year.

Imports by Country

In 2022, Italy (X tons) constituted the largest supplier of copper bar, rod and profile to Germany, with a 30% share of total imports. Moreover, copper bar, rod and profile imports from Italy exceeded the figures recorded by the second-largest supplier, France (X tons), threefold. Bulgaria (X tons) ranked third in terms of total imports with a 9.2% share.

From 2012 to 2022, the average annual growth rate of volume from Italy totaled +3.6%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-3.1% per year) and Bulgaria (+7.8% per year).

In value terms, Italy ($X) constituted the largest supplier of copper bars, rods and profiles to Germany, comprising 24% of total imports. The second position in the ranking was taken by Bulgaria ($X), with an 11% share of total imports. It was followed by France, with a 9.8% share.

From 2012 to 2022, the average annual growth rate of value from Italy amounted to +4.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Bulgaria (+8.8% per year) and France (-3.0% per year).

Import Prices by Country

The average import price for copper bars, rods and profiles stood at $X per ton in 2022, remaining stable against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 33% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Portugal ($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 (+10.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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