From 2012 to 2022, the copper tubes and pipes market in Belgium showed a steady decline in volume. The market saw a decrease from 10.066 million kilograms in 2012 to 6.3524 million kilograms in 2022. Between 2013 and 2017, the market experienced annual declines, with a notable drop of 12.87% in 2015. The trend continued, leading to a significant decrease of 19.59% in 2020, reflecting the impact of broader economic challenges. A partial recovery occurred in 2021 with a 16.68% increase, but the decrease resumed with a 3.2% drop in 2022.
Over the last five years, the Compound Annual Growth Rate (CAGR) illustrates an average yearly decline of 3.24%. In 2023, actual data revealed the market size volume was still struggling to recover fully from past trends.
Future trends to watch for include potential shifts in demand driven by advancements in technology, changes in manufacturing practices, and environmental regulations promoting the use of alternative materials. Market recovery will also depend on economic factors and global supply chain dynamics affecting raw material availability and prices.
How does Belgium rank in Copper Tubes and Pipes Market Size Volume?
| # | 10 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 93,307,000 | 2023 | -2.47% | -2.67% | View data |
| 2 | 2 Spain | 28,059,000 | 2023 | +1.19% | +0.25% | View data |
| 3 | 3 United Kingdom | 23,767,000 | 2023 | +0.37% | +0.45% | View data |
| 4 | 4 Poland | 21,305,000 | 2023 | +0.0026% | +0.52% | View data |
| 5 | 5 Czech Republic | 17,472,000 | 2023 | +0.45% | -0.65% | View data |
| 6 | 6 Netherlands | 6,799,500 | 2023 | -3.74% | -3.05% | View data |
| 7 | 7 Belgium | 6,146,900 | 2023 | -3.24% | -2.93% | |
| 8 | 8 Finland | 5,743,600 | 2023 | +2.45% | -2.27% | View data |
| 9 | 9 Sweden | 4,955,300 | 2023 | -15.38% | -11.44% | View data |
