Switzerland: Market for Copper Bars, Rods and Profiles 2024

Market Size for Copper Bars, Rods and Profiles in Switzerland

In 2022, the Swiss market for copper bars, rods and profiles increased by 12% to $X, rising for the second consecutive year after two years of decline. Over the period under review, the total consumption indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +76.4% against 2020 indices. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in years to come.

Exports of Copper Bars, Rods and Profiles

Exports from Switzerland

In 2022, overseas shipments of copper bars, rods and profiles increased by 23% to X tons, rising for the second consecutive year after six years of decline. Overall, exports, however, saw a abrupt curtailment. The pace of growth was the most pronounced in 2021 with an increase of 45% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, copper bar, rod and profile exports skyrocketed to $X in 2022. Over the period under review, exports, however, recorded a deep contraction. The growth pace was the most rapid in 2021 when exports increased by 45% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

France (X tons), Germany (X tons) and the United States (X tons) were the main destinations of copper bar, rod and profile exports from Switzerland, with a combined 67% share of total exports. Portugal, China, Italy, the UK, Austria, India, Hungary and Belgium lagged somewhat behind, together comprising a further 24%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Portugal (with a CAGR of +159.6%), while the other leaders experienced a decline.

In value terms, the largest markets for copper bar, rod and profile exported from Switzerland were France ($X), Germany ($X) and the United States ($X), together comprising 64% of total exports. China, Portugal, the UK, Italy, India, Austria, Hungary and Belgium lagged somewhat behind, together accounting for a further 23%.

Portugal, with a CAGR of +146.5%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average export price for copper bars, rods and profiles stood at $X per ton in 2022, surging by 3% against the previous year. Over the last decade, it increased at an average annual rate of +3.6%. The pace of growth was the most pronounced in 2013 when the average export price increased by 21%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to Portugal ($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 Belgium (+11.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper Bars, Rods and Profiles

Imports into Switzerland

In 2022, overseas purchases of copper bars, rods and profiles increased by 10% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 46%. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, copper bar, rod and profile imports expanded markedly to $X in 2022. In general, total imports indicated a mild expansion from 2012 to 2022: its value increased at an average annual rate of +1.7% 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 +81.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 59% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of copper bar, rod and profile to Switzerland, accounting for a 66% share of total imports. Moreover, copper bar, rod and profile imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X tons), fourfold. Belgium (X tons) ranked third in terms of total imports with a 6.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+3.9% per year) and Belgium (+6.7% per year).

In value terms, Germany ($X) constituted the largest supplier of copper bars, rods and profiles to Switzerland, comprising 60% of total imports. The second position in the ranking was held by Italy ($X), with a 13% share of total imports. It was followed by France, with a 5.8% share.

From 2012 to 2022, the average annual growth rate of value from Germany totaled +1.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+6.4% per year) and France (-8.7% per year).

Import Prices by Country

In 2022, the average import price for copper bars, rods and profiles amounted to $X per ton, rising by 3.3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.6%. The growth pace was the most rapid in 2020 when the average import price increased by 13%. Over the period under review, average import prices attained the maximum in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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