The copper market in Italy has exhibited a volatile trend over the past decade. From 2012 to 2022, the market saw fluctuations with a notable peak of 12.42 billion euros in 2013 followed by a persistent decline. The year-on-year variations illustrate significant downturns in 2015 and subsequent years, with a compound annual growth rate (CAGR) of -3.17% from 2015 to 2016, reaching a minimum CAGR of -5.86% from 2018 to 2017, and gradually moving to a -3.81% CAGR by 2022.
Recent years have been characterized by a continuous decrease in market value, with the copper market shrinking year-on-year by 2.66% in 2022. In 2023, the market value stood approximately at 7.82 billion euros, the lowest in this examined period, showcasing the sustained downturn in the past decade.
Future trends to watch for include potential recovery driven by advancements in sustainable technologies and increased demand for copper in green energy projects. Monitoring regulatory changes and global copper price fluctuations will be crucial for understanding long-term market prospects.
How does Italy 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% | |
| 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 |
