In the UK, the copper wire market has shown considerable fluctuations over the past decade. The market size, expressed in million Euros, experienced a significant decline from 2012's value of 752.87 to 2022's value of 456.01. The year-on-year variations revealed sharp declines in certain years, such as a 17.81% drop in 2013 and a 19.41% drop in 2020, indicating volatility. However, there were periods of recovery, such as a 10.4% increase in 2015 and a 16.65% rise in 2021. The compound annual growth rate (CAGR) has consistently shown negative growth, notably a -7.28% in 2016 and fluctuating around -3.66% in 2022.
Future trends to watch for:
- Potential recovery in copper wire demand with the ongoing technological advancements and infrastructure projects.
- Increasing focus on sustainable and energy-efficient solutions which could drive demand in the renewable energy sector.
- Global supply chain disruptions and market dynamics, influencing the stability and growth in the copper wire market.
How does the United Kingdom rank in Copper Wire Market Size Value?
| # | 7 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 1,335,700,000 | 2023 | -0.89% | -0.32% | View data |
| 2 | 2 Czech Republic | 556,520,000 | 2023 | -0.28% | -1.43% | View data |
| 3 | 3 United Kingdom | 441,140,000 | 2023 | -3.26% | -3.23% | |
| 4 | 4 Austria | 351,220,000 | 2023 | -0.26% | -1.92% | View data |
| 5 | 5 Hungary | 333,750,000 | 2023 | -2.09% | -3.1% | View data |