Key Market Indicators
Hungary's copper imports are expected to hit around $930 million by 2026, up from $850 million in 2021, according to a new report. The country's copper demand has seen an average annual growth rate of 7.4% since 1997. In 2021, Russia was the largest importer of copper, with imports of $850 million, followed by Germany, the United States and Italy. Exports of copper from Hungary are projected to reach $320 million by 2026, rising from $291 million in 2021. The country's copper supply has grown by an average of 7.1% annually since 1997. Hungary ranked 43rd in 2021, with Laos taking the lead at $291 million. Germany, the United States and Japan were the second, third and fourth largest exporters respectively.
