In 2023, the European copper domestic extraction was dominated by Sweden and Bulgaria, both extracting around 26 thousand metric tons. Following these leaders, Poland and Serbia contributed significantly with 16 and 14.42 thousand metric tons, respectively. Spain and Portugal maintained moderate levels of extraction, while countries like Romania, Macedonia, and Albania produced smaller amounts. Notably, Italy's copper extraction was minimal at 0.00043 thousand metric tons.
Year-on-year variations showed positive growth in Sweden, Bulgaria, Serbia, Spain, Romania, and Albania, while Poland and most of the smaller extractors experienced declines, notably Cyprus with over a 12% reduction. The compounded annual growth rate for the sector consistently highlighted the fluctuating dynamics of the European copper market.
Looking ahead, European copper extraction is expected to see shifts driven by technological advancements, environmental policies, and geopolitical tensions. Key trends to watch include the investment in renewable energy sources and the potential for increased extractions in less developed mining regions, balancing economic gains with sustainability efforts.
Top countries in Copper Domestic Extraction Share by Country (Thousand Metric Tons)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Sweden | 25.99 | 2023 | +1.23% | +2.04% | View data |
| 2 | 2 Bulgaria | 25.02 | 2023 | +1.27% | +1.2% | View data |
| 3 | 3 Poland | 16 | 2023 | -0.041% | -0.46% | View data |
| 4 | 4 Serbia | 14.42 | 2023 | +2.66% | +3.68% | View data |
| 5 | 5 Spain | 10.65 | 2023 | +5.45% | +3.53% | View data |
| 6 | 6 Portugal | 3.42 | 2023 | -6.05% | -6.84% | View data |
| 7 | 7 Romania | 2.88 | 2023 | +2.47% | +5.84% | View data |
| 8 | 8 Macedonia | 0.67 | 2023 | +0.18% | -2.6% | View data |
| 9 | 9 Albania | 0.28 | 2023 | +0.0086% | +9.37% | View data |
| 10 | 10 Cyprus | 0.16 | 2023 | -13.46% | -12.62% | View data |
