Spain: Market for Copper Bars, Wire And Plates 2024

Market Size for Copper Bars, Wire And Plates in Spain

In 2021, the Spanish market for copper bars, wire and plates decreased by -1.9% to $X, falling for the fourth consecutive year after two years of growth. In general, consumption showed a perceptible reduction. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Production of Copper Bars, Wire And Plates in Spain

In value terms, copper bars, wire and plates production reached $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a perceptible shrinkage. The most prominent rate of growth was recorded in 2017 when the production volume increased by 26%. As a result, production reached the peak level of $X. From 2018 to 2021, production growth failed to regain momentum.

Exports of Copper Bars, Wire And Plates

Exports from Spain

In 2021, overseas shipments of copper bars, wire and plates were finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by 16%. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports remained at a lower figure.

In value terms, copper bars, wire and plates exports skyrocketed to $X in 2021. Overall, total exports indicated perceptible growth from 2012 to 2021: its value increased at an average annual rate of +2.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Italy (X tons), Morocco (X tons) and Portugal (X tons) were the main destinations of copper bars, wire and plates exports from Spain, with a combined 65% share of total exports. France, Germany, Tunisia, the UK and Algeria lagged somewhat behind, together comprising a further 20%.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +8.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Morocco ($X), Italy ($X) and Portugal ($X) were the largest markets for copper bars, wire and plates exported from Spain worldwide, with a combined 64% share of total exports. France, Germany, Tunisia, the UK and Algeria lagged somewhat behind, together comprising a further 20%.

Germany, with a CAGR of +12.8%, saw 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, wire and plates stood at $X per ton in 2021, picking up by 44% against the previous year. Overall, export price indicated slight growth from 2012 to 2021: its price increased at an average annual rate of +1.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, copper bars, wire and plates export price increased by +36.7% against 2018 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major overseas markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Algeria ($X per ton) and Germany ($X per ton), while the average price for exports to Italy ($X per ton) and the UK ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+3.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper Bars, Wire And Plates

Imports into Spain

In 2021, supplies from abroad of copper bars, wire and plates increased by 3% to X tons for the first time since 2018, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +3.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 28%. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, copper bars, wire and plates imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +2.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

Italy (X tons), Germany (X tons) and France (X tons) were the main suppliers of copper bars, wire and plates imports to Spain, together accounting for 82% of total imports. Bulgaria, Belgium, Finland and the Netherlands lagged somewhat behind, together accounting for a further 11%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +32.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Germany ($X) and France ($X) appeared to be the largest copper bars, wire and plates suppliers to Spain, with a combined 77% share of total imports. These countries were followed by Bulgaria, Finland, Belgium and the Netherlands, which together accounted for a further 14%.

Among the main suppliers, the Netherlands, with a CAGR of +34.2%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for copper bars, wire and plates stood at $X per ton in 2021, increasing by 28% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 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 Finland ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bulgaria (+2.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :