Industry Analysis & Industry Trends
Revenue in the Copper Production industry is expected to decline at a compound annual rate of 13.4% over the five years through 2016-17 to £525.4 million. The performance of the industry is closely tied to the world price of copper, which fell precipitously over the period owing to stagnant growth in the construction sectors of the world's most developed countries. Slowing growth in China has also contributed to the recent decline in prices. In 2014, the price of copper slid 6.4%, building on the 7.9% decline that occurred in 2013. Prices fell a further 19.7% over 2015, a result of low demand from emerging markets. IBISWorld expects dampened demand and rising supply to push prices down another 15.1% in 2016. In 2016-17, industry revenue is forecast to shrink by 7.1%... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The industry is in the decline phase of its economic life cycle. This is calculated by comparing industry value added (IVA) with GDP growth over the same 10-year period. Value added, which measures the industry's contribution to the wider economy, is expected to fall at a compound annual rate of 3.4% over the 10 years through 2021-22. In contrast, GDP is forecast to grow at a compound annual rate of 2.3% over the same period. Declining enterprise figures, stagnant product development and medium technological change indicate that the industry is in the decline stage of its life cycle.
After the economic downturn, highly volatile global copper prices and weak commodity demand affected industry revenue as markets struggled to return to equilibrium. Ent.. purchase to read more