The copper trade balance in Germany has shown significant fluctuations over the past decade. By 2023, the trade balance stood at approximately 0.99812 million metric tons, reflecting a gradual but noticeable decline from its peak value of 1.25 in 2018. Over the last two years, there was a slight decrease of 1.38% followed by a more pronounced forecasted decline with a Compound Annual Growth Rate (CAGR) of -1.1% from 2024 to 2028.
Future trends to watch for include:
- Further decline in trade balance due to environmental regulations and increased domestic production constraints.
- Potential stabilization or minor increases in trade balance driven by advancements in recycling technologies and increased demand for sustainable raw materials.
- Influences of global market volatility and geopolitical tensions on copper trade dynamics.