Copper Production in the UK Industry Market Research Report now updated by IBISWorld

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The Copper Production industry is expected to generate revenue of about £981.2 million in 2012-13, compared with £1.08 billion in 2007-08 (yielding an annual decline of 1.8%). The five-year period has been characterised by large swings in industry revenue, reflecting both sharp swings in US dollar prices for copper and substantial variations in the value of the British pound. Lower production levels have resulted in the industry's profit margin falling over the period. Industry revenue is expected to fall by 4.2% in 2012-13 as the price of copper slides in both US dollars and British pounds. The industry's main product is copper wire, which is used in a large variety of electrical applications. Its other main products are copper pipes and pipefittings. Firms reprocess scrap copper and copper alloys, but no primary refining of copper occurs in the United Kingdom. Both exports and competing imports are large, outstripping both the value of local output and the size of the local market. The substantial trade flows reflect re-exports. The size of the local market is estimated at £751.2 million in 2012-13. Industry performance is expected to improve over the five years through 2017-18, reflecting generally strong copper prices in US dollars and improving demand conditions. Price gains for copper in British pounds will be constrained by the expected appreciation of the currency against the US dollar. For these reasons, industry research firm IBISWorld has updated its report on the Copper Production industry.

IBISWorld Market Research

IBISWorld Market Research

Rising construction activity will boost demand for copper products

The Copper Production industry is expected to generate revenue of about £981.2 million in 2012-13, compared with £1.08 billion in 2007-08 (yielding an annual decline of 1.8%). According to IBISWorld industry analyst Angela Kidson, “the five-year period has been characterised by large swings in industry revenue, reflecting both sharp swings in US dollar prices for copper and substantial variations in the value of the British pound”. Lower production levels have resulted in the industry's profit margin falling over the period. Industry revenue is expected to fall by 4.2% in 2012-13 as the price of copper slides in both US dollars and British pounds.

The industry's main product is copper wire, which is used in a large variety of electrical applications. Its other main products are copper pipes and pipefittings. Firms reprocess scrap copper and copper alloys, but no primary refining of copper occurs in the United Kingdom. Both exports and competing imports are large, outstripping both the value of local output and the size of the local market. The substantial trade flows reflect re-exports. The size of the local market is estimated at £751.2 million in 2012-13. Kidson adds, “industry performance is expected to improve over the five years through 2017-18, reflecting generally strong copper prices in US dollars and improving demand conditions”. Price gains for copper in British pounds will be constrained by the expected appreciation of the currency against the US dollar.
The Copper Production industry has a high level of market share concentration, reflecting the large minimum efficient size for producing copper semi-fabrications. The four major players generate about 78.5% of industry revenue, while the next tier of four firms represents most of the remaining industry activity. Major companies include KME Yorkshire, Prysmian Cables & Systems, Pegler Yorkshire and Mueller Europe.

For more information on the Copper Production industry, including latest industry trends, statistics, analysis and market share information, purchase the full report from IBISWorld, the nation’s largest publisher of industry research.

IBISWorld industry Report Key Topics

Firms in this industry produce copper alloys, semi-manufacture copper and copper alloys into products like tubes, and draw copper wire.

Industry Performance
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
Products & Markets
Supply Chain
Products & Services
Major Markets
Globalisation & Trade
Business Locations
Competitive Landscape
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
Major Companies
Operating Conditions
Capital Intensity
Key Statistics
Industry Data
Annual Change
Key Ratios

About IBISWorld
Recognised as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on many UK industries. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in London, IBISWorld serves a range of business, professional service and government organisations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.co.uk or call (020) 3008 6568.

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Gavin Smith
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