In 2023, India imported 17.16 million kilograms of backed foil of refined copper. From 2024 to 2028, forecast data shows a consistent upward trend in the import volume, increasing from 17.82 million kilograms in 2024 to 20.485 million kilograms in 2028. The year-on-year growth rate from 2024 to 2028 averages around 3.57%, indicating a steady rise in demand. The compound annual growth rate (CAGR) over this five-year period is approximately 3.61%, reflecting robust market growth.
Future trends to watch for include:
- Increases in copper demand due to technological advancements.
- Potential impacts of global supply chain changes on import volumes.
- Fluctuations in international copper prices and trade policies affecting import dynamics.