Between 2019 and 2024, the total global trade values of Copper and Aluminum both increased, although Copper grew faster and more strongly. Copper’s trade value rose from about USD 212 million to nearly USD 348 million, supported by a higher CAGR of 10.4%, while Aluminum increased from around USD 203 million to approximately USD 276 million with a CAGR of 6.4%. Copper reached both its lowest and highest levels at the beginning and end of the period, respectively, whereas Aluminum experienced its minimum in 2020 and peaked earlier, in 2022. Trend analysis shows that Copper followed mostly upward movements with moderate changes, while Aluminum displayed milder shifts with lower volatility. Overall, Copper showed conventional volatility, Aluminum remained more stable, and both markets moved closely together, reflecting a very good and positive correlation throughout the period.
Copper Wirerod Maintains a Higher Standing in Global Trade
Overall, Copper Wirerod consistently played a stronger and more influential role in global trade than Aluminum Wirerod, both in terms of positioning and share within their respective value chains.
