Overview of the Market for Copper And Copper Alloy Product in the USA
In value terms, copper and copper alloy product production contracted modestly to $ in . Overall, production, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the production volume increased by % year-to-year. Over the period under review, production hit record highs at $ in 2018; however, from 2019 to , production remained at a lower figure.
The size of the market for copper and copper alloy products in the U.S. contracted to $ in , reducing by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption recorded a perceptible descent. The most prominent rate of growth was recorded in 2017 with an increase of % year-to-year. Copper and copper alloy product consumption peaked at $ in 2018; however, from 2019 to , consumption failed to regain the momentum.