United Kingdom: Copper Powder Market 2024

Copper Powder Market Size in the UK

In 2021, the UK copper powder market increased by 9% to $X for the first time since 2012, thus ending a eight-year declining trend. In general, consumption, however, saw a pronounced reduction. Copper powder consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Copper Powder Production in the UK

In value terms, copper powder production stood at $X in 2021 estimated in export price. In general, production, however, showed a pronounced reduction. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Copper Powder Exports

Exports from the UK

In 2021, overseas shipments of copper powders and flakes were finally on the rise to reach X tons after two years of decline. The total export volume increased at an average annual rate of +1.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2018 with an increase of 26% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, copper powder exports surged to $X in 2021. Over the period under review, total exports indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +3.6% 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 reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Sweden (X tons), the United States (X tons) and Italy (X tons) were the main destinations of copper powder exports from the UK, with a combined 41% share of total exports. These countries were followed by France, Norway, Denmark, Germany, Japan, India, China, South Korea, Taiwan (Chinese) and Brazil, which together accounted for a further 47%.

From 2012 to 2021, the biggest increases were recorded for Brazil (with a CAGR of +30.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Sweden ($X) and Italy ($X) constituted the largest markets for copper powder exported from the UK worldwide, together accounting for 43% of total exports. France, Germany, Norway, Denmark, Japan, India, China, South Korea, Taiwan (Chinese) and Brazil lagged somewhat behind, together comprising a further 44%.

In terms of the main countries of destination, Brazil, with a CAGR of +33.2%, saw the highest growth rate of 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 copper powder export price stood at $X per ton in 2021, picking up by 50% against the previous year. In general, export price indicated a noticeable expansion from 2012 to 2021: its price increased at an average annual rate of +2.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Norway ($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 South Korea (+7.9%), while the prices for the other major destinations experienced more modest paces of growth.

Copper Powder Imports

Imports into the UK

After seven years of decline, overseas purchases of copper powders and flakes increased by 63% to X tons in 2021. In general, imports, however, continue to indicate a abrupt decrease. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, copper powder imports skyrocketed to $X in 2021. Overall, imports, however, recorded a abrupt setback. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the United States (X tons) constituted the largest supplier of copper powder to the UK, accounting for a 38% share of total imports. Moreover, copper powder imports from the United States exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. The third position in this ranking was taken by Slovakia (X tons), with a 17% share.

From 2012 to 2021, the average annual growth rate of volume from the United States stood at +5.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-16.6% per year) and Slovakia (+31.5% per year).

In value terms, the United States ($X), Germany ($X) and Slovakia ($X) constituted the largest copper powder suppliers to the UK, with a combined 72% share of total imports. China, Italy, France, Australia and Japan lagged somewhat behind, together accounting for a further 25%.

Among the main suppliers, China, with a CAGR of +100.4%, recorded the highest growth rate of 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

In 2021, the average copper powder import price amounted to $X per ton, jumping by 28% against the previous year. Over the period under review, import price indicated a modest expansion from 2012 to 2021: its price increased at an average annual rate of +1.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was China ($X per ton), while the price for Japan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovakia (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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