Germany: Copper Wire Market 2024

Copper Wire Market Size in Germany

In 2021, the German copper wire market increased by 32% to $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption, however, saw a pronounced slump. Copper wire consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Copper Wire Production in Germany

In value terms, copper wire production skyrocketed to $X in 2021 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. Copper wire production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Copper Wire Exports

Exports from Germany

Copper wire exports from Germany fell modestly to X tons in 2021, with a decrease of -4% on the previous year's figure. The total export volume increased at an average annual rate of +1.3% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2020 when exports increased by 16%. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, copper wire exports soared to $X in 2021. Over the period under review, total exports indicated a noticeable increase from 2012 to 2021: its value increased at an average annual rate of +2.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +62.7% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Poland (X tons), Romania (X tons) and Italy (X tons) were the main destinations of copper wire exports from Germany, together comprising 37% of total exports. These countries were followed by Austria, Serbia, the Czech Republic, Finland, Switzerland, the Netherlands, France, Slovakia, Belgium and Spain, which together accounted for a further 44%.

From 2012 to 2021, the biggest increases were recorded for Serbia (with a CAGR of +52.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Romania ($X), Poland ($X) and Italy ($X) constituted the largest markets for copper wire exported from Germany worldwide, with a combined 36% share of total exports. Austria, the Czech Republic, Serbia, Switzerland, Finland, the Netherlands, France, Slovakia, Belgium and Spain lagged somewhat behind, together accounting for a further 44%.

In terms of the main countries of destination, Serbia, with a CAGR of +54.6%, 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

In 2021, the average copper wire export price amounted to $X per ton, rising by 46% against the previous year. Overall, export price indicated a slight increase from 2012 to 2021: its price increased at an average annual rate of +1.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, copper wire export price increased by +46.5% against 2019 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major overseas markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Switzerland ($X per ton) and Spain ($X per ton), while the average price for exports to Poland ($X per ton) and the Netherlands ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+3.2%), while the prices for the other major destinations experienced more modest paces of growth.

Copper Wire Imports

Imports into Germany

In 2021, supplies from abroad of copper wire increased by 16% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports, however, showed a perceptible downturn. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, copper wire imports surged to $X in 2021. In general, imports, however, showed a pronounced contraction. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Belgium (X tons), Poland (X tons) and Sweden (X tons) were the main suppliers of copper wire imports to Germany, together comprising 54% of total imports. These countries were followed by Italy, Spain, France, Austria, Turkey, the UK and Russia, which together accounted for a further 36%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +34.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), Poland ($X) and Sweden ($X) constituted the largest copper wire suppliers to Germany, together comprising 51% of total imports. Italy, Spain, France, Austria, Turkey, the UK and Russia lagged somewhat behind, together comprising a further 38%.

In terms of the main suppliers, Spain, with a CAGR of +36.9%, 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

The average copper wire import price stood at $X per ton in 2021, surging by 46% against the previous year. Overall, import price indicated measured growth from 2012 to 2021: its price increased at an average annual rate of +2.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, copper wire import price increased by +39.7% against 2018 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Russia ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+9.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform