Between 2013 and 2023, South Korea's import of unwrought copper billets has demonstrated a decreasing trend. After peaking in 2014, there has been a consistent decline, with 2023 imports standing at 1.9713 million kilograms. Notably, 2021 was an exception, showing a brief 13.05% increase. Over the last five years, the average annual decline is captured by a CAGR of -5.42%. The future forecast indicates a continued decrease, with an average annual decline projected at -7.54%, leading to a significant cumulative decrease of 32.41% by 2028.

Key trends to watch for:

The impact of global copper demand fluctuations on South Korea's imports.
Technological advancements in copper recycling potentially reducing the need for unwrought copper imports.
Any shifts in South Korea's industrial policies affecting material imports.