The copper wire market in Hungary has experienced fluctuations between 2013 and 2023, with a slight decline from a volume of 48.546 million kilograms in 2013 to 48.173 million kilograms in 2023. Year-on-year variations indicate minor decreases particularly notable in 2016 and 2020. Over the last five years, the compound annual growth rate (CAGR) reflects a slight downward trend at -0.41%. The volume in 2023 stood at 48.173 million kilograms.
Future trends to watch for include potential impacts of technological advancements and increased demand from emerging markets, which may offset declines. Environmental regulations and recycling initiatives could also influence market dynamics. Monitoring global copper prices and local manufacturing activities will be crucial in understanding future volume shifts.
How does Hungary rank in Copper Wire Market Size Volume?
| # | 11 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 543,580,000 | 2023 | -0.98% | -4.44% | View data |
| 2 | 2 Germany | 430,500,000 | 2023 | -0.68% | -2.68% | View data |
| 3 | 3 Spain | 263,590,000 | 2023 | +1.71% | +2.24% | View data |
| 4 | 4 Czech Republic | 76,291,000 | 2023 | +0.34% | +0.023% | View data |
| 5 | 5 United Kingdom | 59,767,000 | 2023 | -3.08% | -2.33% | View data |
| 6 | 6 Austria | 54,318,000 | 2023 | +1.35% | -1.56% | View data |
| 7 | 7 Hungary | 48,173,000 | 2023 | -0.08% | -0.41% | |
| 8 | 8 Portugal | 47,824,000 | 2023 | +2.55% | +3.64% | View data |
| 9 | 9 Netherlands | 40,863,000 | 2023 | +0.19% | -1.04% | View data |
