Luxembourg: Market for Copper Bars, Rods and Profiles 2024

Market Size for Copper Bars, Rods and Profiles in Luxembourg

In 2022, the Luxembourg market for copper bars, rods and profiles decreased by -31.3% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, consumption saw a pronounced descent. Over the period under review, the market hit record highs at $X in 2021, and then declined markedly in the following year.

Exports of Copper Bars, Rods and Profiles

Exports from Luxembourg

In 2022, the amount of copper bars, rods and profiles exported from Luxembourg soared to X tons, rising by 37% on the previous year's figure. Over the period under review, exports continue to indicate significant growth. The pace of growth appeared the most rapid in 2018 with an increase of 3,369% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, copper bar, rod and profile exports shrank remarkably to $X in 2022. Overall, exports enjoyed significant growth. The growth pace was the most rapid in 2013 when exports increased by 3,183% against the previous year. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Italy (X tons) was the main destination for copper bar, rod and profile exports from Luxembourg, with a 72% share of total exports. Moreover, copper bar, rod and profile exports to Italy exceeded the volume sent to the second major destination, Germany (X tons), fourfold. France (X tons) ranked third in terms of total exports with a 4.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Italy amounted to -15.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+6.9% per year) and France (+33.0% per year).

In value terms, Italy ($X) emerged as the key foreign market for copper bars, rods and profiles exports from Luxembourg, comprising 59% of total exports. The second position in the ranking was held by Germany ($X), with a 14% share of total exports. It was followed by France, with a 7% share.

From 2012 to 2022, the average annual growth rate of value to Italy totaled -12.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+7.0% per year) and France (+30.8% per year).

Export Prices by Country

The average export price for copper bars, rods and profiles stood at $X per ton in 2022, shrinking by -39.8% against the previous year. Over the period under review, the export price, however, recorded perceptible growth. The pace of growth was the most pronounced in 2019 when the average export price increased by 143% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Germany ($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 Italy (+2.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper Bars, Rods and Profiles

Imports into Luxembourg

In 2022, overseas purchases of copper bars, rods and profiles decreased by -37.7% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports recorded a pronounced slump. The most prominent rate of growth was recorded in 2020 with an increase of 76% against the previous year. Imports peaked at X tons in 2021, and then fell remarkably in the following year.

In value terms, copper bar, rod and profile imports reduced sharply to $X in 2022. In general, imports showed a perceptible decline. The pace of growth appeared the most rapid in 2021 when imports increased by 47% against the previous year. As a result, imports reached the peak of $X, and then contracted dramatically in the following year.

Imports by Country

In 2022, Germany (X tons) constituted the largest copper bar, rod and profile supplier to Luxembourg, accounting for a 62% share of total imports. Moreover, copper bar, rod and profile imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X tons), threefold. The third position in this ranking was taken by Belgium (X tons), with a 12% share.

From 2012 to 2022, the average annual growth rate of volume from Germany amounted to +7.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-13.4% per year) and Belgium (+3.5% per year).

In value terms, Germany ($X) constituted the largest supplier of copper bars, rods and profiles to Luxembourg, comprising 66% of total imports. The second position in the ranking was taken by Italy ($X), with a 16% share of total imports. It was followed by Belgium, with a 14% share.

From 2012 to 2022, the average annual growth rate of value from Germany stood at +10.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-14.9% per year) and Belgium (+4.5% per year).

Import Prices by Country

The average import price for copper bars, rods and profiles stood at $X per ton in 2022, picking up by 18% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.6%. The growth pace was the most rapid in 2017 an increase of 26%. The import price peaked at $X per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+2.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :