Spain: Market for Copper Bars, Rods and Profiles 2024

Market Size for Copper Bars, Rods and Profiles in Spain

The Spanish market for copper bars, rods and profiles fell to $X in 2022, which is down by -13.9% against the previous year. Over the period under review, consumption showed a noticeable setback. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Production of Copper Bars, Rods and Profiles in Spain

In value terms, copper bar, rod and profile production surged to $X in 2022 estimated in export price. Overall, production recorded a slight decrease. Over the period under review, production attained 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 from Spain

Copper bar, rod and profile exports from Spain rose rapidly to X tons in 2022, picking up by 8% compared with the previous year. In general, exports showed moderate growth. The pace of growth appeared the most rapid in 2021 when exports increased by 51% 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 totaled $X in 2022. Over the period under review, exports showed a remarkable increase. The growth pace was the most rapid in 2021 when exports increased by 95% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Italy (X tons) was the main destination for copper bar, rod and profile exports from Spain, accounting for a 39% share of total exports. Moreover, copper bar, rod and profile exports to Italy exceeded the volume sent to the second major destination, France (X tons), threefold. Portugal (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Italy amounted to +3.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+21.5% per year) and Portugal (+8.6% per year).

In value terms, Italy ($X), France ($X) and Portugal ($X) appeared to be the largest markets for copper bar, rod and profile exported from Spain worldwide, together comprising 65% of total exports. Poland, Morocco, Slovakia, Germany, Slovenia, Denmark, Finland and the Czech Republic lagged somewhat behind, together comprising a further 23%.

In terms of the main countries of destination, Slovakia, with a CAGR of +32.3%, saw the highest rates of growth with regard to the value of exports, 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, increasing by 2.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.3%. The pace of growth was the most pronounced in 2016 an increase of 35% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Denmark ($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 Slovakia (+4.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper Bars, Rods and Profiles

Imports into Spain

In 2022, the amount of copper bars, rods and profiles imported into Spain contracted to X tons, falling by -8.1% on 2021 figures. Overall, total imports indicated a prominent increase from 2012 to 2022: its volume increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +11.8% against 2020 indices. The pace of growth was the most pronounced in 2015 when imports increased by 30% against the previous year. Imports peaked at X tons in 2021, and then declined in the following year.

In value terms, copper bar, rod and profile imports shrank to $X in 2022. In general, total imports indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +55.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 62%. As a result, imports attained the peak of $X, and then fell in the following year.

Imports by Country

In 2022, Italy (X tons) constituted the largest copper bar, rod and profile supplier to Spain, with a 41% share of total imports. Moreover, copper bar, rod and profile imports from Italy exceeded the figures recorded by the second-largest supplier, France (X tons), twofold. Germany (X tons) ranked third in terms of total imports with a 15% share.

From 2012 to 2022, the average annual growth rate of volume from Italy amounted to +10.5%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+0.9% per year) and Germany (-1.6% per year).

In value terms, Italy ($X) constituted the largest supplier of copper bars, rods and profiles to Spain, comprising 37% of total imports. The second position in the ranking was held by France ($X), with a 16% share of total imports. It was followed by Bulgaria, with a 14% share.

From 2012 to 2022, the average annual growth rate of value from Italy amounted to +6.4%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+0.1% per year) and Bulgaria (+26.6% per year).

Import Prices by Country

The average import price for copper bars, rods and profiles stood at $X per ton in 2022, growing by 4.3% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average import price increased by 33% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Bulgaria ($X per ton), while the price for Portugal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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