Italy: Copper Wire Market 2024

Copper Wire Market Size in Italy

In 2022, the Italian copper wire market increased by X% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Copper Wire Production in Italy

In value terms, copper wire production surged to $X in 2022 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. Copper wire production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

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Copper Wire Exports

Exports from Italy

Copper wire exports from Italy shrank to X tons in 2022, falling by X% on the year before. Over the period under review, exports saw a abrupt setback. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, copper wire exports declined dramatically to $X in 2022. In general, exports continue to indicate a pronounced contraction. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Spain (X tons), France (X tons) and Croatia (X tons) were the main destinations of copper wire exports from Italy, together accounting for X% of total exports. Bosnia and Herzegovina, Slovakia, Germany, Tunisia, the Czech Republic, Austria, Switzerland and Romania lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Bosnia and Herzegovina (with a CAGR of X%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for copper wire exported from Italy were Spain ($X), France ($X) and Croatia ($X), together accounting for X% of total exports. Bosnia and Herzegovina, Germany, Slovakia, Tunisia, the Czech Republic, Austria, Romania and Switzerland lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Bosnia and Herzegovina, with a CAGR of X%, saw the highest rates of growth with regard to 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

In 2022, the average copper wire export price amounted to $X per ton, leveling off at the previous year. Overall, export price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, copper wire export price increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2021 an increase of X%. As a result, the export price attained the peak level of $X per ton, and then fell modestly in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Romania ($X per ton), while the average price for exports to Austria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Romania (X%), while the prices for the other major destinations experienced more modest paces of growth.

Copper Wire Imports

Imports into Italy

Copper wire imports into Italy rose to X tons in 2022, growing by X% compared with the year before. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Over the period under review, imports reached the peak figure at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, copper wire imports reduced to $X in 2022. Overall, total imports indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then fell slightly in the following year.

Imports by Country

In 2022, Germany (X tons) constituted the largest copper wire supplier to Italy, with a X% share of total imports. Moreover, copper wire imports from Germany exceeded the figures recorded by the second-largest supplier, Spain (X tons), twofold. France (X tons) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and France (X% per year).

In value terms, Germany ($X) constituted the largest supplier of copper wire to Italy, comprising X% of total imports. The second position in the ranking was held by Spain ($X), with a X% share of total imports. It was followed by Turkey, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and Turkey (X% per year).

Import Prices by Country

The average copper wire import price stood at $X per ton in 2022, declining by X% against the previous year. Over the period under review, import price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, copper wire import price increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton, and then declined in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Turkey ($X per ton) and Bulgaria ($X per ton), while the price for France ($X per ton) and Spain ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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