The Copper Market in Spain has observed fluctuations over the past decade. From 2012 to 2017, the market experienced various degrees of contraction and growth with the largest decline in 2013 by -8.21%. Post-2017, the market saw some stabilization, though 2020 marked a significant drop of -17.83%, influenced likely by the COVID-19 pandemic. A notable rebound occurred in 2021 with a 19.29% increase, though 2022 saw a slight decline of -0.98%. The Compounded Annual Growth Rate (CAGR) from 2014 to 2022 varied, peaking at 1.46% in 2018, but reflecting negative growth in subsequent years, reaching -2.14% by 2022.
Future trends to watch for include potential impacts of economic recovery post-pandemic, advancements in copper recycling technologies, and the influence of renewable energy projects which rely heavily on copper. Regulatory changes within the EU might also affect market dynamics as environmental policies tighten.
How does Spain 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% | |
| 5 | 5 Finland | 171,800,000 | 2023 | +2.91% | +2.03% | View data |
| 6 | 6 Czech Republic | 147,610,000 | 2023 | +2.99% | -0.075% | View data |
