Key Market Indicators
Copper imports to the UK are expected to drop slightly over the next five years, from $2 billion in 2021 to around $2 billion in 2026. This would represent a 0.3% decrease annually over that period. Since 1998, demand for copper in the UK has increased by an average of 2.1% each year. In 2021, the UK was the 17th biggest importer of copper, behind Spain's $2.04 billion. Germany, the US and Italy were the second, third and fourth largest importers. UK copper exports are also forecast to fall slightly over the next five years, from $1.79 billion in 2021 to around $1.73 billion in 2026. This would represent a 0.6% decrease annually. Since 1998, UK supply of copper has increased by an average of 1.4% each year. In 2021, the UK was the 26th biggest exporter of copper, behind India's $1.79 billion. Germany, the US and Japan were the second, third and fourth largest exporters.
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