In 2023, Germany led the European copper turnover with 15.96 billion Euros, despite a slight decline of 0.9% year-on-year. Spain, with a turnover of 5.27 billion Euros, saw a modest increase of 0.88%, while Belgium and Serbia experienced significant growth of 1.73% and 7.53% respectively. Conversely, Italy and the United Kingdom faced notable declines of 6.55% and 4.85% respectively. France saw a dramatic drop of 22.35%, and Romania experienced the highest decline at 49.27%. Overall, there were mixed trends across the continent.
Future trends to watch for include potential recovery in countries like France and Romania, where turnover witnessed severe declines. Additionally, monitoring the growth trajectory in Serbia and Belgium could provide insights into emerging markets in Europe. A close eye on Germany's performance will be crucial, given its dominant position in the market. Factors such as global economic conditions, technological advancements, and green energy policies might significantly impact future copper turnovers.
Top countries in Copper Turnover by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 15,960 | 2023 | +1.32% | -0.9% | View data |
| 2 | 2 Spain | 5,270 | 2023 | +1.36% | +0.88% | View data |
| 3 | 3 Belgium | 3,920 | 2023 | +2.25% | +1.73% | View data |
| 4 | 4 Italy | 2,960 | 2023 | -5.09% | -6.55% | View data |
| 5 | 5 Austria | 1,060 | 2023 | +0.25% | -0.76% | View data |
| 6 | 6 Serbia | 1,000 | 2023 | +9.1% | +7.53% | View data |
| 7 | 7 Finland | 907.8 | 2023 | +1.34% | -0.27% | View data |
| 8 | 8 United Kingdom | 508.3 | 2023 | -5.03% | -4.85% | View data |
| 9 | 9 France | 287 | 2023 | -28.02% | -22.35% | View data |
| 10 | 10 Hungary | 49.3 | 2023 | +4.89% | -0.75% | View data |
