The copper market size in the UK has experienced considerable fluctuations between 2012 to 2022. The market volume peaked in 2014 at 191.79 million kilograms before decreasing significantly. This has led to a declining trend over the years, reaching a low of 120.25 million kilograms in 2020. A partial recovery occurred in 2021, followed by a slight decrease in 2022. The overall compound annual growth rate (CAGR) over the last five years stands at -4.22%, indicating a downward trend in the copper market volume.
Looking forward, it will be imperative to watch for economic recovery post-pandemic and advancements in sectors like construction and green technologies, which may drive copper demand. Additionally, sustainability initiatives and copper recycling methods could play a crucial role in shaping the future market dynamics. Keep an eye on global supply chain issues and trade policies that might affect the UK's copper market size in the near term.
How does the United Kingdom 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% | View data |
| 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 |
| 7 | 7 United Kingdom | 128,860,000 | 2023 | -3.9% | -3.39% | |
| 8 | 8 Romania | 114,440,000 | 2023 | +2.91% | +2.19% | View data |
| 9 | 9 Hungary | 82,597,000 | 2023 | +1.45% | +1.53% | View data |