Norway: Market for Copper Bars, Rods and Profiles 2024

Market Size for Copper Bars, Rods and Profiles in Norway

The Norwegian market for copper bars, rods and profiles fell modestly to $X in 2022, approximately mirroring 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). In general, consumption showed a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Exports of Copper Bars, Rods and Profiles

Exports from Norway

In 2022, the amount of copper bars, rods and profiles exported from Norway soared to X tons, rising by 23% compared with the year before. Overall, exports showed a noticeable expansion. The growth pace was the most rapid in 2019 with an increase of 190% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in the near future.

In value terms, copper bar, rod and profile exports surged to $X in 2022. In general, exports recorded a prominent expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 108% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Germany (X tons), Denmark (X tons) and France (X tons) were the main destinations of copper bar, rod and profile exports from Norway, with a combined 76% share of total exports. Poland, the UK, Hungary and Sweden lagged somewhat behind, together accounting for a further 21%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Hungary (with a CAGR of +77.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for copper bar, rod and profile exported from Norway were Germany ($X), Denmark ($X) and Poland ($X), together accounting for 63% of total exports. France, Hungary, the UK and Sweden lagged somewhat behind, together accounting for a further 28%.

France, with a CAGR of +67.5%, recorded 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

The average export price for copper bars, rods and profiles stood at $X per ton in 2022, shrinking by -4.1% against the previous year. Overall, the export price, however, recorded a notable expansion. The most prominent rate of growth was recorded in 2018 an increase of 94% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Hungary ($X per ton), while the average price for exports to Germany ($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 Sweden (+14.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Copper Bars, Rods and Profiles

Imports into Norway

In 2022, purchases abroad of copper bars, rods and profiles increased by 5.7% to X tons, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of +2.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when imports increased by 22% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, copper bar, rod and profile imports shrank to $X in 2022. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by 30% against the previous year. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Germany (X tons) constituted the largest copper bar, rod and profile supplier to Norway, with a 81% share of total imports. Moreover, copper bar, rod and profile imports from Germany exceeded the figures recorded by the second-largest supplier, Sweden (X tons), tenfold. The third position in this ranking was taken by Denmark (X tons), with a 5.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany amounted to +3.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+1.6% per year) and Denmark (+17.3% per year).

In value terms, Germany ($X) constituted the largest supplier of copper bars, rods and profiles to Norway, comprising 66% of total imports. The second position in the ranking was taken by Sweden ($X), with an 11% share of total imports. It was followed by Denmark, with an 11% share.

From 2012 to 2022, the average annual growth rate of value from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+2.6% per year) and Denmark (+23.2% per year).

Import Prices by Country

In 2022, the average import price for copper bars, rods and profiles amounted to $X per ton, dropping by -6.5% against the previous year. Over the period under review, the import price showed a noticeable curtailment. The most prominent rate of growth was recorded in 2021 an increase of 7.6% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, 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 Finland ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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