Overview of the Market for Copper And Copper Alloy Product in the USA
In value terms, copper and copper alloy product production contracted to $ in 2019. In general, production faced a deep downturn. The pace of growth appeared the most rapid in 2014 when the production volume increased by % y-o-y. As a result, production attained the peak level of $. From 2015 to 2019, production growth remained at a lower figure.
The value of the market for copper and copper alloy products in the U.S. declined to $ in 2019, waning 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). Overall, consumption showed a abrupt curtailment. The most prominent rate of growth was recorded in 2014 with an increase of % against the previous year. As a result, consumption reached the peak level of $. From 2015 to 2019, the growth of the market failed to regain the momentum.