The copper market in Portugal has experienced a consistent decline in volume over the past decade. In 2023, the market volume stood at 59.745 million kilograms, marking a year-on-year decrease of 4.4%, continuing a downward trend seen in previous years. From its high in 2013, the market has contracted significantly, as evidenced by a compound annual growth rate (CAGR) of -3.4% over the past five years. This reduction reflects broader market conditions and possibly sector-specific challenges affecting demand.
Future trends to watch for include:
- Potential shifts in global copper prices and how this affects local consumption and production.
- Advancements in green technologies and renewable energy, which may alter demand dynamics due to copper's role in these industries.
- Economic policies in Portugal that could influence industrial usage and innovation dependent on copper.
- Sustainability trends that might either constrain or revive traditional uses of copper.
How does Portugal rank in Copper Market Size Volume?
| # | 13 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 2,040,700,000 | 2023 | -0.8% | -2.1% | View data |
| 2 | 2 Germany | 1,391,200,000 | 2023 | -1.47% | -5.44% | View data |
| 3 | 3 France | 322,180,000 | 2023 | -1.05% | -1.47% | View data |
| 4 | 4 Spain | 247,190,000 | 2023 | -0.97% | -0.75% | View data |
| 5 | 5 Finland | 171,800,000 | 2023 | +2.91% | +2.03% | View data |
| 8 | 8 Romania | 114,440,000 | 2023 | +2.91% | +2.19% | View data |
| 9 | 9 Hungary | 82,597,000 | 2023 | +1.45% | +1.53% | View data |
| 10 | 10 Portugal | 59,745,000 | 2023 | -4.4% | -3.4% | |
| 11 | 11 Denmark | 29,233,000 | 2023 | -0.65% | -0.7% | View data |
| 12 | 12 Croatia | 24,776,000 | 2023 | +4.62% | +3.17% | View data |
