Italy: Market for Copper Bars, Rods and Profiles 2024

Market Size for Copper Bars, Rods and Profiles in Italy

In 2022, the Italian market for copper bars, rods and profiles increased by 28% to $X, rising for the second year in a row after two years of decline. Overall, the total consumption indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +83.1% against 2020 indices. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the immediate term.

Production of Copper Bars, Rods and Profiles in Italy

In value terms, copper bar, rod and profile production surged to $X in 2022 estimated in export price. Overall, the total production indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +94.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the production volume increased by 61% against the previous year. Over the period under review, production hit record highs in 2022 and is expected to retain growth in the near future.

Exports of Copper Bars, Rods and Profiles

Exports from Italy

In 2022, overseas shipments of copper bars, rods and profiles increased by 0.8% to X tons, rising for the second consecutive year after three years of decline. Overall, total exports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of +5.8% 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 +45.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 45% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, copper bar, rod and profile exports rose significantly to $X in 2022. In general, exports posted buoyant growth. The growth pace was the most rapid in 2021 when exports increased by 99%. The exports peaked in 2022 and are likely to continue growth in the near future.

Exports by Country

Tunisia (X tons), Germany (X tons) and France (X tons) were the main destinations of copper bar, rod and profile exports from Italy, together accounting for 62% of total exports. Spain, Slovenia, Poland, Austria, the Czech Republic, the UK, Sweden and Switzerland lagged somewhat behind, together accounting for a further 28%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Sweden (with a CAGR of +52.4%), while the other leaders experienced more modest paces of growth.

In value terms, Tunisia ($X), Germany ($X) and France ($X) appeared to be the largest markets for copper bar, rod and profile exported from Italy worldwide, with a combined 63% share of total exports. Spain, Slovenia, Poland, Austria, the Czech Republic, the UK, Sweden and Switzerland lagged somewhat behind, together comprising a further 27%.

Sweden, with a CAGR of +47.3%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination 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, picking up by 5.5% against the previous year. In general, export price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, copper bar, rod and profile export price increased by +45.0% against 2020 indices. The pace of growth was the most pronounced in 2021 when the average export price increased by 37% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in the immediate term.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Tunisia ($X per ton) and Switzerland ($X per ton), while the average price for exports to Slovenia ($X per ton) and Austria ($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 Poland (+3.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper Bars, Rods and Profiles

Imports into Italy

In 2022, imports of copper bars, rods and profiles into Italy declined modestly to X tons, which is down by -3.7% compared with the previous year. The total import volume increased at an average annual rate of +3.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 when imports increased by 12%. 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, copper bar, rod and profile imports amounted to $X in 2022. Overall, total imports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +5.3% 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 +55.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 51% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

Imports by Country

In 2022, Germany (X tons) constituted the largest copper bar, rod and profile supplier to Italy, accounting for a 37% share of total imports. Moreover, copper bar, rod and profile imports from Germany exceeded the figures recorded by the second-largest supplier, Spain (X tons), twofold. Greece (X tons) ranked third in terms of total imports with a 9.4% share.

From 2012 to 2022, the average annual growth rate of volume from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+5.7% per year) and Greece (+14.8% per year).

In value terms, Germany ($X) constituted the largest supplier of copper bars, rods and profiles to Italy, comprising 34% of total imports. The second position in the ranking was held by Spain ($X), with a 14% share of total imports. It was followed by France, with a 9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany amounted to +2.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+8.5% per year) and France (+0.3% per year).

Import Prices by Country

The average import price for copper bars, rods and profiles stood at $X per ton in 2022, with an increase of 7.2% against the previous year. Over the period under review, import price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, copper bar, rod and profile import price increased by +46.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 36% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the near future.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from France ($X per ton) and Belgium ($X per ton), while the price for Ukraine ($X per ton) and Spain ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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