The copper market in Hungary exhibited fluctuations between 2013 and 2023. The market value peaked at 679.4 million Euros in 2020, before slightly declining and stabilizing around 667.74 million Euros by 2023. Year-on-year, the largest drop occurred in 2014, while moderate growth was seen in recent years with increases of around 0.82% in 2023. The compound annual growth rate (CAGR) over the previous five years was approximately 1.32%, indicating modest growth despite annual variations.
Future trends to watch include demand fluctuations due to global copper requirements, technological advancements, and potential energy transitions that might impact Hungary's copper market dynamics.
How does Hungary rank in Copper Market Size Value?
| # | 12 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 7,664,000,000 | 2023 | -4.28% | -3.55% | View data |
| 2 | 2 Germany | 5,573,700,000 | 2023 | -3.76% | -3.55% | View data |
| 3 | 3 France | 2,334,000,000 | 2023 | -4.04% | -0.22% | View data |
| 4 | 4 United Kingdom | 1,280,400,000 | 2023 | -0.48% | +0.4% | View data |
| 5 | 5 Czech Republic | 1,196,500,000 | 2023 | +1.65% | -0.46% | View data |
| 6 | 6 Finland | 1,106,500,000 | 2023 | +0.7% | +0.16% | View data |
| 7 | 7 Romania | 870,020,000 | 2023 | +3.04% | +0.91% | View data |
| 8 | 8 Hungary | 667,740,000 | 2023 | +0.82% | +1.32% | |
| 9 | 9 Greece | 588,930,000 | 2023 | +1.63% | +4.24% | View data |
| 10 | 10 Denmark | 243,640,000 | 2023 | -0.71% | -1.52% | View data |
