Global Copper usage declines around 3% excluding China

Published: Mar 31, 2016 10:04

Save

In 2015, world apparent usage is estimated to have remained essentially unchanged compared with that in 2014.

UNITED KINGDOM March 30 2016 10:39 PM

LONDON (Scrap Register): In 2015, world apparent usage is estimated to have remained essentially unchanged compared with that in 2014. Excluding China, world usage declined by around 3%, as per the latest figures from the International Copper Study Group.

Although Chinese apparent demand increased by around 3%, usage declined by about 2% and 7% in the EU and Japan, respectively, and by 47% in Russia (following the withdrawal of Russia’s cathode export tax in September 2014).

On a regional basis, usage is estimated to have increased by around 2% and 4% in Asia and Africa, respectively while declining by around 1.5% in the Americas, 8% in Europe and 55% in Oceania.

copper prices copper consumption

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

10 mins ago

SMM copper wire and cable enterprises' operating rate rose to 65.8%, up 3.55% MoM

This week (August 14-August 20), the operating rate of SMM copper wire and cable enterprises came in at 65.8%, up 3.55 percentage points WoW and down 3.08 percentage points YoY. Copper prices retreated from highs during the week, which briefly boosted downstream cargo pick-up willingness. However, bearish sentiment re-emerged in the later period, keeping downstream players on the sidelines. Overall orders only showed marginal recovery. The sharp rebound in the operating rate this week was also affected by the low base in the prior week.

10 mins ago

15 mins ago

July Cable Export Demand Generally Declined, Australia Still Ranked First

According to the latest data from the General Administration of Customs, demand in various countries for wire and cable exports to markets outside China generally declined in July 2026. Australia remained firmly in first place in exports, with exports up 20.94% MoM; the Philippines and Vietnam followed, down 28.92% MoM and 26.46% MoM respectively, ranking second and third among export destinations. The combined exports of these three countries accounted for 19.53% of total copper wire and cable exports.

15 mins ago

16 mins ago

China's Wire and Cable Exports in July 2026: Down MoM but Up YoY

[Latest Data from the General Administration of Customs] In July 2026, China's exports of wire and cable were 277,500 mt, down 7.43% MoM and up 6.62% YoY. The cumulative exports from January to July 2026 were 1.8464 million mt, up 9.26% YoY. Among them, exports of copper wire and cable were 133,100 mt, down 10.67% MoM and up 8.51% YoY; the cumulative exports from January to July 2026 were 915,800 mt, up 15.44% YoY.

16 mins ago