As with most primary industries, statistics on copper production are readily available, while accurate demand statistics are much harder to find.
This is why the International Copper Association (ICA), in close collaboration with the International Wrought Copper Council, has been developing the copper end-use dataset since 2006. The dataset provides a perspective on how 18 of the most common copper products are used in 16 end-use markets worldwide. Within this combination of products and markets, there are 288 total possible uses for copper products, although only the most common 116 uses are explored in the dataset.
Covering 116 product/end-use combinations, in 15 geographies over nine years, the dataset provides a comprehensive 15,660 datapoints on copper use.
The full dataset is an ICA member-only service. An annual summary covering global copper use is publicly available from the Copper Alliance website: https://copperalliance.org/wp-content/uploads/2021/09/Global-2021-Semis-End-Use-Data-Set.xlsx
The end-use dataset is one of ICA's flagship intelligence projects. It demonstrates how interwoven copper is with economic activities, to the extent that analysts regularly refer to copper demand as a barometer of economic health ("Dr Copper").
Mega trends, such as the energy transition, digitalisation and sustainable development, are expected to result in significant demand growth for copper. A global copper industry of 500 copper mines, 200 smelters/refiners and thousands of fabricators is in place to meet these expectations.
Last update: October 12, 2022