Luxembourg: Market for Copper Bars, Wire And Plates 2024

Market Size for Copper Bars, Wire And Plates in Luxembourg

The Luxembourg market for copper bars, wire and plates surged to $X in 2021, rising by 45% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated a slight expansion from 2012 to 2021: its value 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, consumption increased by +95.8% against 2019 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Exports of Copper Bars, Wire And Plates

Exports from Luxembourg

Copper bars, wire and plates exports from Luxembourg soared to X tons in 2021, with an increase of 101% compared with 2020. Overall, exports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2018 with an increase of 467%. As a result, the exports reached the peak of X tons. From 2019 to 2021, the growth of the exports remained at a lower figure.

In value terms, copper bars, wire and plates exports soared to $X in 2021. In general, exports recorded a strong expansion. The pace of growth was the most pronounced in 2018 with an increase of 355%. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Italy (X tons), France (X tons) and Germany (X tons) were the main destinations of copper bars, wire and plates exports from Luxembourg, together accounting for 86% of total exports. These countries were followed by Belgium, which accounted for a further 6%.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +20.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for copper bars, wire and plates exported from Luxembourg were France ($X), Italy ($X) and Germany ($X), with a combined 66% share of total exports. These countries were followed by Belgium, which accounted for a further 5.1%.

Belgium, with a CAGR of +16.4%, recorded the highest growth rate of 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

In 2021, the average export price for copper bars, wire and plates amounted to $X per ton, waning by -20.8% against the previous year. Over the period under review, export price indicated a moderate expansion from 2012 to 2021: its price increased at an average annual rate of +2.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2019 when the average export price increased by 69% against the previous year. The export price peaked at $X per ton in 2020, and then fell significantly in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+3.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper Bars, Wire And Plates

Imports into Luxembourg

In 2021, approx. X tons of copper bars, wire and plates were imported into Luxembourg; with an increase of 42% compared with 2020. Over the period under review, total imports indicated a noticeable expansion from 2012 to 2021: its volume increased at an average annual rate of +2.4% 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 +132.6% against 2019 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 64% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are likely to see gradual growth in the immediate term.

In value terms, copper bars, wire and plates imports skyrocketed to $X in 2021. Overall, total imports indicated slight growth from 2012 to 2021: its value increased at an average annual rate of +1.7% 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 +82.0% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X tons), Italy (X tons) and Belgium (X tons) were the main suppliers of copper bars, wire and plates imports to Luxembourg, together accounting for 96% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +10.6%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Germany ($X) constituted the largest supplier of copper bars, wire and plates to Luxembourg, comprising 54% of total imports. The second position in the ranking was taken by Italy ($X), with a 24% share of total imports. It was followed by Belgium, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany totaled +9.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-7.2% per year) and Belgium (+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, rising by 5.6% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average import price increased by 28%. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices stood at a somewhat 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 2021, the most notable rate of growth in terms of prices was attained by France (+3.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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