Germany: Refined Copper Market 2025

Refined Copper Market Size in Germany

In 2022, after three years of growth, there was decline in the German refined copper market, when its value decreased by -0.4% to $X. Overall, consumption, however, continues to indicate a abrupt shrinkage. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Refined Copper Production in Germany

In value terms, refined copper production rose rapidly to $X in 2022 estimated in export price. Over the period under review, production, however, faced a deep setback. The pace of growth was the most pronounced in 2019 with an increase of 150% against the previous year. Refined copper production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Refined Copper Exports

Exports from Germany

In 2022, exports of refined copper (unwrought, not alloyed) from Germany rose significantly to X tons, with an increase of 7.2% on 2021. Over the period under review, exports, however, recorded a noticeable reduction. The most prominent rate of growth was recorded in 2019 with an increase of 25%. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, refined copper exports expanded rapidly to $X in 2022. In general, exports, however, saw a mild setback. The growth pace was the most rapid in 2021 when exports increased by 47% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Austria (X tons), Italy (X tons) and France (X tons) were the main destinations of refined copper exports from Germany, together accounting for 52% of total exports. Poland, Turkey, China, South Korea, the Czech Republic, Taiwan (Chinese), the Netherlands, Hungary, Belgium and the UK lagged somewhat behind, together accounting for a further 39%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Taiwan (Chinese) (with a CAGR of +73.9%), while the other leaders experienced more modest paces of growth.

In value terms, Austria ($X), Italy ($X) and France ($X) constituted the largest markets for refined copper exported from Germany worldwide, with a combined 52% share of total exports. Poland, Turkey, China, the Czech Republic, South Korea, Taiwan (Chinese), the Netherlands, Hungary, Belgium and the UK lagged somewhat behind, together accounting for a further 39%.

Among the main countries of destination, Taiwan (Chinese), with a CAGR of +74.4%, 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 2022, the average refined copper export price amounted to $X per ton, remaining relatively unchanged against the previous year. In general, export price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, refined copper export price increased by +48.0% against 2019 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by 48%. As a result, the export price attained the peak level of $X per ton, and then reduced slightly in the following year.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the UK ($X per ton) and Turkey ($X per ton), while the average price for exports to the Netherlands ($X per ton) and Hungary ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+2.3%), while the prices for the other major destinations experienced more modest paces of growth.

Refined Copper Imports

Imports into Germany

In 2022, the amount of refined copper (unwrought, not alloyed) imported into Germany declined to X tons, stabilizing at the year before. In general, imports recorded a slight downturn. The pace of growth appeared the most rapid in 2016 when imports increased by 7.7% against the previous year. As a result, imports reached the peak of X tons. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, refined copper imports declined slightly to $X in 2022. Overall, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 33% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Belgium (X tons), Poland (X tons) and Russia (X tons) were the main suppliers of refined copper imports to Germany, with a combined 55% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of +14.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest refined copper suppliers to Germany were Belgium ($X), Russia ($X) and Poland ($X), with a combined 55% share of total imports.

Belgium, with a CAGR of +15.8%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average refined copper import price stood at $X per ton in 2022, with a decrease of -3% against the previous year. Over the period under review, import price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, refined copper import price increased by +48.2% against 2019 indices. The pace of growth was the most pronounced in 2021 an increase of 48% against the previous year. As a result, import price attained the peak level of $X per ton, and then declined modestly in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Russia ($X per ton) and France ($X per ton), while the price for Chile ($X per ton) and Democratic Republic of the Congo ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+1.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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