EU: Copper Matte Market 2024

Copper Matte Market Size in the EU

The EU copper matte market totaled $X in 2022, increasing by X% against the previous year. Over the period under review, consumption, however, recorded a abrupt slump. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Copper Matte Production in the EU

In value terms, copper matte production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, production attained the peak level in 2022 and is likely to see steady growth in the immediate term.

Copper Matte Exports

Exports in the EU

In 2022, shipments abroad of copper mattes and cement copper decreased by X% to X tons, falling for the second year in a row after four years of growth. In general, exports, however, continue to indicate resilient growth. The pace of growth appeared the most rapid in 2018 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, copper matte exports soared to $X in 2022. Overall, exports, however, continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. The level of export peaked in 2022 and is likely to see gradual growth in the near future.

Exports by Country

Finland represented the major exporter of copper mattes and cement copper in the European Union, with the volume of exports reaching X tons, which was near X% of total exports in 2022. Belgium (X tons) held the second position in the ranking, distantly followed by the Netherlands (X tons) and Germany (X tons). All these countries together held approx. X% share of total exports. Bulgaria (X tons) and Poland (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to copper matte exports from Finland stood at X%. At the same time, the Netherlands (X%), Germany (X%), Belgium (X%) and Poland (X%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in the European Union, with a CAGR of X% from 2012-2022. By contrast, Bulgaria (X%) illustrated a downward trend over the same period. While the share of the Netherlands (X p.p.), Finland (X p.p.) and Germany (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Bulgaria (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Finland ($X) remains the largest copper matte supplier in the European Union, comprising X% of total exports. The second position in the ranking was held by Belgium ($X), with a X% share of total exports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Finland totaled X%. In the other countries, the average annual rates were as follows: Belgium (X% per year) and Germany (X% per year).

Export Prices by Country

The export price in the European Union stood at $X per ton in 2022, picking up by X% against the previous year. In general, the export price posted a prominent increase. The growth pace was the most rapid in 2021 when the export price increased by X%. Over the period under review, the export prices reached the peak figure in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Finland ($X per ton), while Bulgaria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (X%), while the other leaders experienced more modest paces of growth.

Copper Matte Imports

Imports in the EU

In 2022, approx. X tons of copper mattes and cement copper were imported in the European Union; picking up by X% against 2021. Overall, imports, however, continue to indicate a mild slump. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, copper matte imports soared to $X in 2022. In general, imports, however, continue to indicate a pronounced reduction. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Belgium was the major importer of copper mattes and cement copper in the European Union, with the volume of imports accounting for X tons, which was approx. X% of total imports in 2022. Finland (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Bulgaria (X%). Spain (X tons) followed a long way behind the leaders.

Imports into Belgium decreased at an average annual rate of X% from 2012 to 2022. At the same time, Bulgaria (X%) and Finland (X%) displayed positive paces of growth. Moreover, Bulgaria emerged as the fastest-growing importer imported in the European Union, with a CAGR of X% from 2012-2022. By contrast, Spain (X%) illustrated a downward trend over the same period. While the share of Finland (X p.p.) and Bulgaria (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Belgium (X p.p.) and Spain (X p.p.) displayed negative dynamics.

In value terms, Belgium ($X) constitutes the largest market for imported copper mattes and cement copper in the European Union, comprising X% of total imports. The second position in the ranking was held by Finland ($X), with a X% share of total imports. It was followed by Bulgaria, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Belgium totaled X%. In the other countries, the average annual rates were as follows: Finland (X% per year) and Bulgaria (X% per year).

Import Prices by Country

The import price in the European Union stood at $X per ton in 2022, increasing by X% against the previous year. In general, the import price, however, recorded a noticeable decrease. The most prominent rate of growth was recorded in 2021 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Finland ($X per ton), while Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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