The UK copper market has experienced considerable fluctuations from 2012 to 2022. The market size value peaked in 2012 at 1.5981 Billion Euros and saw notable declines in the subsequent years, bottoming out in 2020 at 1.0782 Billion Euros. However, this decline was followed by a recovery period, with an increase to 1.2927 Billion Euros in 2021, before stabilizing around 1.2865 Billion Euros in 2022. Year-on-year variations reflect significant swings, ranging from a high of 19.89% in 2021 to a low of -20.05% in 2020. The compound annual growth rate (CAGR) over the last five years averages at 2.39%, indicating a slow but steady recovery post-2020.
Bullet points:
- 2012-2014: Sharp decrease with significant year-on-year declines.
- 2015-2017: Continued decline with the market trying to stabilize.
- 2018-2019: Recovery phase with positive year-on-year growth.
- 2020: Major dip due to unprecedented factors, reviving in 2021.
- 2022: Market stabilizes, reflecting cautious growth.
Looking ahead, several trends could impact the UK copper market, such as advancements in recycling technologies, increased investment in renewable energy sectors which typically demand more copper, and potential fluctuations in global copper prices due to geopolitical factors. Keeping an eye on these areas will be crucial for anticipating market movements.
How does the United Kingdom rank in Copper Market Size Value?
| # | 12 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 7,664,000,000 | 2023 | -4.28% | -3.55% | View data |
| 2 | 2 Germany | 5,573,700,000 | 2023 | -3.76% | -3.55% | View data |
| 3 | 3 France | 2,334,000,000 | 2023 | -4.04% | -0.22% | View data |
| 4 | 4 United Kingdom | 1,280,400,000 | 2023 | -0.48% | +0.4% | |
| 5 | 5 Czech Republic | 1,196,500,000 | 2023 | +1.65% | -0.46% | View data |
| 6 | 6 Finland | 1,106,500,000 | 2023 | +0.7% | +0.16% | View data |