In 2023, Germany led European imports of stranded wire, cables, and similar items of copper, contributing significantly to the regional demand. Italy and France followed, both showing considerable shares. Austria exhibited the most substantial growth in 2023, increasing by over 30%, while Belgium also saw a notable rise of nearly 47%. Conversely, Luxembourg and Lithuania observed significant declines. The year-on-year data suggests a diversity in growth trends, with countries like Spain and Portugal seeing double-digit growth, indicating a dynamic market landscape.
Looking ahead to 2024, potential trends in European copper imports may involve increased demand from electric vehicle production and renewable energy installations, poised to drive copper consumption. Watch for the impact of economic conditions in central and eastern Europe, which may alter traditional import shares and influence growth patterns among smaller markets.
Top countries in Import of Stranded Wire, Cables, Plaited Bands and the Like of Copper Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 14.16 | 2023 | +4.5% | +1.09% | View data |
| 2 | 2 Italy | 12.95 | 2023 | +1.93% | +8.67% | View data |
| 3 | 3 France | 12.53 | 2023 | +3.32% | +5.5% | View data |
| 4 | 4 United Kingdom | 10.14 | 2023 | +3.24% | +3.43% | View data |
| 5 | 5 Austria | 8.33 | 2023 | +3.46% | +30.26% | View data |
| 6 | 6 Poland | 6.54 | 2023 | +2.53% | +4.58% | View data |
| 7 | 7 Czechia | 5.34 | 2023 | |||
| 8 | 8 Hungary | 4.76 | 2023 | -1.12% | -7.54% | View data |
| 9 | 9 Spain | 4.25 | 2023 | +4.96% | +12.07% | View data |
| 10 | 10 Slovakia | 4.02 | 2023 | +3.11% | +2.58% | View data |
