Switzerland: Market for Copper Bars, Wire And Plates 2024

Market Size for Copper Bars, Wire And Plates in Switzerland

In 2021, the Swiss market for copper bars, wire and plates was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption, however, saw a relatively flat trend pattern. Copper bars, wire and plates consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Exports of Copper Bars, Wire And Plates

Exports from Switzerland

In 2021, shipments abroad of copper bars, wire and plates increased by 51% to X tons for the first time since 2014, thus ending a six-year declining trend. Overall, exports, however, recorded a abrupt shrinkage. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, copper bars, wire and plates exports skyrocketed to $X in 2021. In general, exports, however, recorded a abrupt descent. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Germany (X tons), France (X tons) and India (X tons) were the main destinations of copper bars, wire and plates exports from Switzerland, together accounting for 62% of total exports. These countries were followed by the United States, Portugal, Italy, the UK, Austria, China, Thailand, Peru, Singapore and the Czech Republic, which together accounted for a further 28%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Peru (with a CAGR of +136.4%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for copper bars, wire and plates exports from Switzerland, comprising 35% of total exports. The second position in the ranking was held by France ($X), with a 16% share of total exports. It was followed by the United States, with a 7.4% share.

From 2012 to 2021, the average annual growth rate of value to Germany amounted to -5.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-5.7% per year) and the United States (-4.8% per year).

Export Prices by Country

In 2021, the average export price for copper bars, wire and plates amounted to $X per ton, declining by -2% against the previous year. Over the last nine years, it increased at an average annual rate of +3.0%. The most prominent rate of growth was recorded in 2018 when the average export price increased by 13% against the previous year. The export price peaked at $X per ton in 2020, and then fell modestly in the following year.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to Peru ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Austria (+5.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper Bars, Wire And Plates

Imports into Switzerland

After two years of decline, purchases abroad of copper bars, wire and plates increased by 8.1% to X tons in 2021. Overall, imports, however, saw a noticeable descent. The most prominent rate of growth was recorded in 2017 when imports increased by 12% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, copper bars, wire and plates imports skyrocketed to $X in 2021. In general, imports, however, recorded a relatively flat trend pattern. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of copper bars, wire and plates to Switzerland, with a 44% share of total imports. Moreover, copper bars, wire and plates imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X tons), threefold. The third position in this ranking was taken by Poland (X tons), with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany totaled -2.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-3.2% per year) and Poland (+1.6% per year).

In value terms, Germany ($X) constituted the largest supplier of copper bars, wire and plates to Switzerland, comprising 45% of total imports. The second position in the ranking was taken by Italy ($X), with a 12% share of total imports. It was followed by Poland, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany stood at -1.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-2.3% per year) and Poland (+3.0% per year).

Import Prices by Country

The average import price for copper bars, wire and plates stood at $X per ton in 2021, growing by 34% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.3%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Germany ($X per ton) and Bulgaria ($X per ton), while the price for Belgium ($X per ton) and Italy ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bulgaria (+1.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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