Scandinavia: Market for Copper Bars, Rods and Profiles 2024

Market Size for Copper Bars, Rods and Profiles in Scandinavia

In 2022, the Scandinavia market for copper bars, rods and profiles increased by 9% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Production of Copper Bars, Rods and Profiles in Scandinavia

In value terms, copper bar, rod and profile production soared to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the production volume increased by 32% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Copper Bars, Rods and Profiles

Exports in Scandinavia

After two years of growth, overseas shipments of copper bars, rods and profiles decreased by -5.5% to X tons in 2022. Total exports indicated a notable increase from 2012 to 2022: its volume increased at an average annual rate of +2.5% 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 +64.6% against 2014 indices. The growth pace was the most rapid in 2021 with an increase of 24% against the previous year. As a result, the exports attained the peak of X tons, and then declined in the following year.

In value terms, copper bar, rod and profile exports expanded significantly to $X in 2022. Total exports indicated a modest increase from 2012 to 2022: its value increased at an average annual rate of +1.4% 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 +63.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 53% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in the near future.

Exports by Country

Sweden represented the major exporter of copper bars, rods and profiles in Scandinavia, with the volume of exports reaching X tons, which was near 68% of total exports in 2022. It was distantly followed by Finland (X tons), mixing up a 31% share of total exports.

Sweden was also the fastest-growing in terms of the copper bars, rods and profiles exports, with a CAGR of +4.5% from 2012 to 2022. Finland experienced a relatively flat trend pattern. From 2012 to 2022, the share of Sweden increased by +12 percentage points.

In value terms, Finland ($X) and Sweden ($X) appeared to be the countries with the highest levels of exports in 2022.

In terms of the main exporting countries, Sweden, with a CAGR of +1.9%, saw the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

In 2022, the export price in Scandinavia amounted to $X per ton, growing by 13% against the previous year. Overall, the export price, however, saw a mild decline. The most prominent rate of growth was recorded in 2021 an increase of 24% against the previous year. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Finland ($X per ton), while Sweden stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+1.6%).

Imports of Copper Bars, Rods and Profiles

Imports in Scandinavia

In 2022, purchases abroad of copper bars, rods and profiles increased by 0.6% to X tons, rising for the second year in a row after three years of decline. The total import volume increased at an average annual rate of +2.2% over the period 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 2021 when imports increased by 24%. Over the period under review, imports attained the maximum at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, copper bar, rod and profile imports dropped slightly to $X in 2022. The total import value increased at an average annual rate of +1.3% 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 appeared the most rapid in 2021 with an increase of 51%. As a result, imports reached the peak of $X, and then shrank in the following year.

Imports by Country

Norway represented the main importer of copper bars, rods and profiles in Scandinavia, with the volume of imports amounting to X tons, which was near 57% of total imports in 2022. Sweden (X tons) ranks second in terms of the total imports with a 28% share, followed by Finland (15%).

Imports into Norway increased at an average annual rate of +2.3% from 2012 to 2022. At the same time, Sweden (+3.2%) displayed positive paces of growth. Moreover, Sweden emerged as the fastest-growing importer imported in Scandinavia, with a CAGR of +3.2% from 2012-2022. Finland experienced a relatively flat trend pattern. Sweden (+2.6 p.p.) significantly strengthened its position in terms of the total imports, while Finland saw its share reduced by -3.1% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Norway ($X), Sweden ($X) and Finland ($X) appeared to be the countries with the highest levels of imports in 2022.

In terms of the main importing countries, Sweden, with a CAGR of +4.2%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in Scandinavia amounted to $X per ton, which is down by -1.8% against the previous year. In general, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the import price increased by 21% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Sweden ($X per ton), while Norway ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+1.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform