In 2023, Japan's copper refinery production stood at 1.6190 million metric tons. Forecasted data shows a steady increase, with production expected to reach 1.6278 million metric tons in 2024, representing a 0.54% year-on-year increase. By 2025, the production is anticipated to rise to 1.6377 million metric tons, marking a 0.61% increase from 2024. For 2026, the forecast predicts a production of 1.6474 million metric tons, a 0.59% rise from the previous year. In 2027, production is expected to climb to 1.6569 million metric tons, a 0.58% increase from 2026. Finally, in 2028, the production is forecasted to reach 1.6662 million metric tons, reflecting a 0.56% increase from the prior year.
Overall, the Compound Annual Growth Rate (CAGR) from 2024 to 2028 is 0.58% per year, illustrating a stable and gradually increasing trend in Japan's copper refinery production.
Future trends to watch for include potential impacts from advancements in copper extraction technologies, changes in global demand for copper driven by electric vehicle production and renewable energy projects, and fluctuations in raw material supply chains due to geopolitical factors.
