The import of unrefined copper and copper anodes for electrolytic refining to South Korea experienced significant fluctuations between 2013 and 2023. The highest import value was recorded in 2016, followed by a general downward trend with occasional increases. By 2023, the import value stood at $389.76 million USD. Over the last two years, the year-on-year variation showed a slight decline of approximately 1%, while the 5-year CAGR from 2018 to 2023 was 2.19%, indicating minor growth.
Looking forward, the forecasted data from 2024 to 2028 suggests a subtle but steady decline, with a projected 5-year CAGR of -0.84% and an overall drop of 4.11% by 2028. This trend indicates a potential shift in market dynamics that may affect import levels.
Future trends to watch for include global copper supply chain disruptions, changes in South Korea's industrial demand, and emerging technological advancements in copper alternatives.
