In 2023, the import value of copper oxides and hydroxides to China was recorded at approximately $54 million. From 2024 onwards, the forecast indicates a steady downward trend, with values decreasing from $53.496 million in 2024 to $51.497 million by 2028. The year-on-year percentage decrease averages around 0.95%, suggesting a slight but consistent decline over the forecast period. The compound annual growth rate (CAGR) over five years is projected to be negative, reflecting this gradual reduction in import values.
Future trends to watch in the copper oxides and hydroxides market include potential impacts from global geopolitical shifts, advancements in alternative materials, and domestic production capacities in China, which could further influence import levels. Additionally, shifts in industrial demand, particularly from the electronics and renewable energy sectors, might alter this forecast.
