Between 2012 and 2022, the copper market in Denmark exhibited fluctuations with periods of growth and decline. Starting at 30.238 million kilograms in 2012, it reached a peak of 32.728 million kilograms in 2016. However, from 2017 onward, the market experienced a general downward trend, finishing at 26.79 million kilograms in 2022. The most notable decline came in 2019 with an 11.99% year-on-year decrease. In analyzing the five-year Compounded Annual Growth Rate (CAGR) up to 2022, the market has averaged an annual decrease of 2.52%.
Future trends to watch for include:
- The impact of global copper supply constraints or surpluses on Denmark’s imports and consumption levels.
- Technological advancements that could either increase efficiency in copper usage or introduce alternatives, potentially impacting demand.
- Economic policies and sustainability trends within Denmark and the EU that encourage recycling and the use of green energy solutions, affecting copper consumption patterns.
How does Denmark 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 |
| 9 | 9 Hungary | 82,597,000 | 2023 | +1.45% | +1.53% | View data |
| 10 | 10 Portugal | 59,745,000 | 2023 | -4.4% | -3.4% | View data |
| 11 | 11 Denmark | 29,233,000 | 2023 | -0.65% | -0.7% | |
| 12 | 12 Croatia | 24,776,000 | 2023 | +4.62% | +3.17% | View data |
| 13 | 13 Ireland | 23,302,000 | 2023 | +5.35% | +5.88% | View data |
