The import of refined copper and copper alloys to Denmark has shown fluctuations between 2013 and 2023, with significant year-on-year variations. Initially, there was a downward trend from 2013 to 2016; however, 2017 and 2018 saw a notable recovery. Despite a decline in 2019 and 2020, the trend slightly reversed in 2021 before stabilizing from 2022 onwards. In 2023, the import value stood at 13.941 million US dollars. Over the past five years, the Compound Annual Growth Rate (CAGR) was -3.64%, highlighting an overall decrease in imports.
Looking forward, the forecast from 2024 to 2028 predicts a gradual and slight decline, with a forecasted 5-year CAGR of -0.05% and an average annual growth rate of -0.26%. This indicates that imports are expected to stabilize at slightly lower levels than observed in recent years.
Future trends to watch for include:
- Fluctuations in global copper prices which might impact import values
- Changes in Denmark's industrial demand and economic conditions
- Potential shifts towards alternative materials or recycling advancements
- Trade policies and geopolitical factors influencing copper supply chains
