Germany’s copper smelter production displayed significant fluctuations over the past decade. From 2013’s low output of 463.8 thousand metric tons to 2017's peak of 530.9, the industry saw notable year-on-year variations. Particularly dramatic drops occurred in 2020, followed by a strong recovery in 2021, illustrating a volatile market. The production stood at 468.16 thousand metric tons in 2023 and is forecasted to trend slightly downwards, reaching 451.15 thousand metric tons by 2028. The compound annual growth rate (CAGR) over the last five years leading to 2023 was relatively stable at -0.019%.
Key points for forecasting:
- The 2024 to 2028 period will likely see a gradual decline in production, with a forecasted annual CAGR of -0.59%.
- Future trends to watch for include technological innovations in smelting, policies affecting environmental regulations, and fluctuating demand for copper in green energy sectors.
- External market conditions, such as global supply chain dynamics and geopolitical factors, will significantly influence future production levels.
