Between 2013 and 2023, the copper wire market in the Netherlands experienced fluctuating growth. From 2013 to 2016, the market's volume saw moderate increases, followed by a more significant surge in 2017 and 2018. However, in 2019, the volume dropped noticeably and reached a notable low in 2020. Recovery ensued in 2021 with a substantial increase, stabilizing from 2022 to 2023. In 2023, the market stood at 40.863 million kilograms.
The year-on-year variation over the last two years showed modest growth rates of 0.19% each for both 2022 and 2023. Over the past five years, the CAGR was slightly negative at -1.04%.
Future trends to watch for include a forecasted stable growth rate with an estimated 5-year CAGR of 0.15%, leading to a total market volume of 41.261 million kilograms by 2028. This points to a steady but slow increase in market volume, suggesting potential opportunities for gradual market expansion and demand stabilization moving forward.
