Benelux: Market for Copper Bars, Rods and Profiles 2024

Market Size for Copper Bars, Rods and Profiles in Benelux

The Benelux market for copper bars, rods and profiles fell to $X in 2023, dropping by X% against the previous year. Overall, consumption, however, recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2018; however, from 2019 to 2023, consumption stood at a somewhat lower figure.

Production of Copper Bars, Rods and Profiles in Benelux

In value terms, copper bar, rod and profile production dropped to $X in 2023 estimated in export price. In general, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2023, production failed to regain momentum.

Exports of Copper Bars, Rods and Profiles

Exports in Benelux

In 2023, approx. X tons of copper bars, rods and profiles were exported in Benelux; waning by X% on 2022. Overall, exports continue to indicate a pronounced contraction. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2023, the exports failed to regain momentum.

In value terms, copper bar, rod and profile exports stood at $X in 2023. In general, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Belgium represented the largest exporter of copper bars, rods and profiles in Benelux, with the volume of exports resulting at X tons, which was approx. X% of total exports in 2023. It was distantly followed by the Netherlands (X tons), mixing up a X% share of total exports.

Belgium was also the fastest-growing in terms of the copper bars, rods and profiles exports, with a CAGR of X% from 2012 to 2023. The Netherlands (X%) illustrated a downward trend over the same period. Belgium (X p.p.) significantly strengthened its position in terms of the total exports, while the Netherlands saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, Belgium ($X) remains the largest copper bar, rod and profile supplier in Benelux, comprising X% of total exports. The second position in the ranking was held by the Netherlands ($X), with a X% share of total exports.

In Belgium, copper bar, rod and profile exports expanded at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

The export price in Benelux stood at $X per ton in 2023, surging by X% against the previous year. Export price indicated moderate growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, copper bar, rod and profile export price increased by X% against 2016 indices. The growth pace was the most rapid in 2021 an increase of X% against the previous year. Over the period under review, the export prices hit record highs in 2023 and is expected to retain growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while Belgium totaled $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (X%).

Imports of Copper Bars, Rods and Profiles

Imports in Benelux

In 2023, supplies from abroad of copper bars, rods and profiles decreased by X% to X tons for the first time since 2019, thus ending a three-year rising trend. Total imports indicated a mild increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2022 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons, and then dropped sharply in the following year.

In value terms, copper bar, rod and profile imports declined to $X in 2023. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of import peaked at $X in 2022, and then dropped in the following year.

Imports by Country

In 2023, the Netherlands (X tons) was the largest importer of copper bars, rods and profiles, constituting X% of total imports. Belgium (X tons) held an X% share (based on physical terms) of total imports, which put it in second place, followed by Luxembourg (X%).

The Netherlands was also the fastest-growing in terms of the copper bars, rods and profiles imports, with a CAGR of X% from 2012 to 2023. Luxembourg (X%) and Belgium (X%) illustrated a downward trend over the same period. While the share of the Netherlands (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Luxembourg (X p.p.) and Belgium (X p.p.) displayed negative dynamics.

In value terms, the Netherlands ($X) constitutes the largest market for imported copper bars, rods and profiles in Benelux, comprising X% of total imports. The second position in the ranking was taken by Belgium ($X), with a X% share of total imports.

In the Netherlands, copper bar, rod and profile imports expanded at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Belgium (X% per year) and Luxembourg (X% per year).

Import Prices by Country

In 2023, the import price in Benelux amounted to $X per ton, increasing by X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2023, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Belgium ($X per ton), while the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Luxembourg (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform