The copper market in Germany has shown significant fluctuations over the past decade. The market size experienced a notable decline from 2014 to 2015, with the most substantial drop of 17.53% in 2014. After this decline, slight recoveries were seen in the following years, but the market still experienced periodic decreases with a Compound Annual Growth Rate (CAGR) of -1.35% over the last five years. By 2021, the market size stood at 6.7487 billion euros before dipping again to 6.5019 billion euros in 2022, indicating a reduction of 3.66%.
The market has seen slight positive variations in some years, specifically in 2020 and 2021, where it showed modest growth of 4.76% and 4.54%, respectively. However, the overall trend since 2012 has been negative, with the CAGR reflecting a decrease. As of 2023, the market size stable around 6.5 billion euros.
Future trends to watch for include advancements in green technology and renewable energy, which may drive copper demand due to its use in electrical components. Additionally, market dynamics such as geopolitical factors, supply chain disruptions, and innovations in copper alternatives could significantly impact future market sizes.
| # | 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% | |
| 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 |
