Key Market Indicators
Singapore is set to increase copper exports from $1.3 billion in 2021 to $1.4 billion by 2026, growing 1.7% annually on average. The country has seen a 3.5% increase in supply since 1994. In 2021, Singapore placed 32nd in the ranking, falling behind Finland's $1.3 billion. The top three were Germany, the US, and Japan. Meanwhile, Singaporean copper imports are expected to decrease from $1.1 billion in 2021 to $1.0 billion by 2026, a 0.7% fall year on year. Since 1994, Singaporean demand has dropped 8.8% annually. In 2021, the country was 25th in the ranking, behind Namibia's $1.1 billion. Germany, the US, and Italy made up the top three.
