Austria: Refined Copper Market 2022

Refined Copper Market Size in Austria

In 2021, after two years of decline, there was significant growth in the Austrian refined copper market, when its value increased by 54% to $X. Over the period under review, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Refined Copper Production in Austria

In value terms, refined copper production reached $X in 2021 estimated in export price. Overall, production, however, continues to indicate a pronounced curtailment. The pace of growth was the most pronounced in 2017 when the production volume increased by 44%. Refined copper production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Refined Copper Exports

Exports from Austria

In 2021, overseas shipments of refined copper (unwrought, not alloyed) decreased by -26% to X tons for the first time since 2014, thus ending a six-year rising trend. Over the period under review, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 when exports increased by 21%. Over the period under review, the exports attained the peak figure at X tons in 2020, and then fell rapidly in the following year.

In value terms, refined copper exports surged to $X in 2021. In general, total exports indicated a mild expansion from 2012 to 2021: its value increased at an average annual rate of +1.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +123.6% against 2016 indices. The growth pace was the most rapid in 2017 with an increase of 40% against the previous year. The exports peaked in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

Italy (X tons), Germany (X tons) and France (X tons) were the main destinations of refined copper exports from Austria, together accounting for 89% of total exports. Poland and Slovakia lagged somewhat behind, together comprising a further 4.8%.

From 2012 to 2021, the biggest increases were in Poland (with a CAGR of +33.4%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for refined copper exported from Austria were Italy ($X), Germany ($X) and France ($X), with a combined 89% share of total exports. Poland and Slovakia lagged somewhat behind, together comprising a further 4.9%.

Poland, with a CAGR of +34.5%, 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

In 2021, the average refined copper export price amounted to $X per ton, jumping by 68% against the previous year. Over the period under review, the export price saw slight growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major export markets. In 2021, the highest price was recorded for prices to Slovakia ($X per ton) and Germany ($X per ton), while the average price for exports to Italy ($X per ton) and France ($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 (+1.6%), while the prices for the other major destinations experienced more modest paces of growth.

Refined Copper Imports

Imports into Austria

In 2021, overseas purchases of refined copper (unwrought, not alloyed) increased by 9.3% to X tons, rising for the third year in a row after two years of decline. Over the period under review, imports continue to indicate significant growth. The growth pace was the most rapid in 2015 when imports increased by 199%. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, refined copper imports surged to $X in 2021. In general, imports saw significant growth. The pace of growth was the most pronounced in 2019 when imports increased by 156% against the previous year. Imports peaked in 2021 and are likely to continue growth in the near future.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of refined copper to Austria, accounting for a 77% share of total imports. Moreover, refined copper imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X tons), sixfold. The third position in this ranking was held by Poland (X tons), with a 2.9% share.

From 2012 to 2021, the average annual growth rate of volume from Germany amounted to +32.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+23.9% per year) and Poland (-7.6% per year).

In value terms, Germany ($X) constituted the largest supplier of refined copper to Austria, comprising 79% of total imports. The second position in the ranking was held by Italy ($X), with an 11% share of total imports. It was followed by Poland, with a 2.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany amounted to +35.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+25.2% per year) and Poland (-6.8% per year).

Import Prices by Country

In 2021, the average refined copper import price amounted to $X per ton, jumping by 61% against the previous year. Overall, import price indicated slight growth from 2012 to 2021: its price increased at an average annual rate of +1.7% 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.

Average prices varied noticeably amongst the major supplying countries. In 2021, the highest price was recorded for prices from Germany ($X per ton) and Poland ($X per ton), while the price for France ($X per ton) and Italy ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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