The UK's copper wire market has seen fluctuations over the last decade. From 2012 to 2016, the market experienced minor variations but remained fairly stable. However, starting in 2017, the market saw significant declines, notably a 10.67% drop in 2018 and a 19.61% drop in 2020. The recent years show some recovery with a 16.85% increase in 2021, although 2022 saw another decrease of 3.04%. Future trends suggest potential for growth as markets recover and new technologies drive demand for copper wire.
Future trends to watch for:
- Rising demand from the renewable energy sector.
- Technological advancements in electric vehicles (EVs) and the expansion of EV charging infrastructure.
- Increased investments in infrastructure projects post-pandemic.
- Fluctuations in copper prices impacting market stability.
| # | 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% | |
| 6 | 6 Austria | 54,318,000 | 2023 | +1.35% | -1.56% | View data |
| 7 | 7 Hungary | 48,173,000 | 2023 | -0.08% | -0.41% | View data |