Italy: Market for Copper Bars, Wire And Plates 2024

Market Size for Copper Bars, Wire And Plates in Italy

After two years of decline, the Italian market for copper bars, wire and plates increased by 36% to $X in 2021. Over the period under review, consumption, however, continues to indicate a mild reduction. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Production of Copper Bars, Wire And Plates in Italy

In value terms, copper bars, wire and plates production skyrocketed to $X in 2021 estimated in export price. In general, production, however, showed a perceptible descent. Copper bars, wire and plates production peaked at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Exports of Copper Bars, Wire And Plates

Exports from Italy

In 2021, after three years of decline, there was significant growth in shipments abroad of copper bars, wire and plates, when their volume increased by 35% to X tons. The total export volume increased at an average annual rate of +1.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The exports peaked 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 surged to $X in 2021. Over the period under review, total exports indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +2.5% 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

Germany (X tons), Tunisia (X tons) and France (X tons) were the main destinations of copper bars, wire and plates exports from Italy, together accounting for 48% of total exports. These countries were followed by Spain, Switzerland, Slovenia, the Czech Republic, Slovakia, Croatia, Austria, Bosnia and Herzegovina, Poland and the UK, which together accounted for a further 36%.

From 2012 to 2021, the biggest increases were recorded for Bosnia and Herzegovina (with a CAGR of +78.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Tunisia ($X) and France ($X) were the largest markets for copper bars, wire and plates exported from Italy worldwide, with a combined 48% share of total exports. These countries were followed by Spain, Switzerland, Slovenia, the Czech Republic, Slovakia, Croatia, Bosnia and Herzegovina, Austria, Poland and the UK, which together accounted for a further 36%.

Bosnia and Herzegovina, with a CAGR of +79.7%, saw the highest rates of growth with regard to the value of exports, among 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

In 2021, the average export price for copper bars, wire and plates amounted to $X per ton, jumping by 37% against the previous year. Overall, the export price saw slight growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major external markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Croatia ($X per ton) and Bosnia and Herzegovina ($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 2021, the most notable rate of growth in terms of prices was recorded for supplies to France (+1.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper Bars, Wire And Plates

Imports into Italy

In 2021, copper bars, wire and plates imports into Italy was estimated at X tons, increasing by 7.6% on the year before. The total import volume increased at an average annual rate of +2.3% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2016 with an increase of 16% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, copper bars, wire and plates imports skyrocketed to $X in 2021. Over the period under review, total imports indicated tangible growth from 2012 to 2021: its value increased at an average annual rate of +4.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +38.0% against 2018 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X tons) constituted the largest copper bars, wire and plates supplier to Italy, accounting for a 45% share of total imports. Moreover, copper bars, wire and plates imports from Germany exceeded the figures recorded by the second-largest supplier, Spain (X tons), threefold. Turkey (X tons) ranked third in terms of total imports with an 8.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany amounted to +2.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+1.6% per year) and Turkey (+3.4% per year).

In value terms, Germany ($X) constituted the largest supplier of copper bars, wire and plates to Italy, comprising 46% of total imports. The second position in the ranking was taken by Spain ($X), with a 14% share of total imports. It was followed by Turkey, with an 8.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany totaled +4.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+3.8% per year) and Turkey (+4.5% per year).

Import Prices by Country

In 2021, the average import price for copper bars, wire and plates amounted to $X per ton, increasing by 40% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.8%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Turkey ($X per ton) and France ($X per ton), while the price for Sweden ($X per ton) and Spain ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+2.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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