EU’s Copper Imports Increase in 2024 Despite Weak Demand in Germany

EU’s Copper Imports

Refined copper imports to the EU rose by 3.2% in 2024, led by Italy and Spain, despite falling demand in Germany.

Imports Rise, But Key Markets Show Strain

EU countries imported 1.71 million tonnes of refined copper in 2024, a 3.2% increase year on year, according to customs data. Italy remained the bloc’s top importer with 543,363 tonnes, representing 32% of total EU imports.

Germany, however, experienced a 13% drop in copper imports, falling to 413,245 tonnes. This reflects persistent challenges in Germany's industrial sectors due to rising energy prices and sluggish demand. The effects of the Covid-19 aftermath and Ukraine-related energy shocks have slowed recovery across EU economies.

Spain, Sweden, and the DRC See Significant Gains

Meanwhile, Spain increased its refined copper imports by 28%, reaching 142,231 tonnes, showing resilience in its industrial sectors. Sweden saw the largest year-on-year growth, with 119% more imports, totaling 107,794 tonnes.

On the supply side, Chile remained the largest exporter, delivering 307,885 tonnes to the EU — a 21% increase from 2023. The Democratic Republic of Congo (DRC) overtook Poland as the second-largest supplier, with 200,992 tonnes, up 11%. Together, Chile, DRC, and Poland made up 40% of the EU’s total refined copper supply in 2024.

Despite an overall 2.9% rise in global copper consumption, the EU market remains fragile. According to the International Copper Study Group, weak demand from automotive and construction sectors continues to weigh on European copper use.

The Metalnomist Commentary

The EU’s rising copper imports contrast sharply with the weakening of its core manufacturing sectors. Germany’s downturn reflects broader industrial deceleration, while southern and northern Europe appear more resilient. As the energy transition accelerates, copper sourcing will remain a geopolitical and industrial priority — and import trends are the first signal to watch.