In 2023, China's lead in global copper ore imports further strengthened with a 3.68% increase, consolidating its dominant 55.28% share. Japan, despite a minor decline of 2.31%, maintained its position as the second-largest importer at 12.32%. Remarkably, Singapore showed the highest growth rate at 94.33%, although from a very small base. Other significant increases were seen in Austria (76.84%) and France (88.37%). The U.S. and the U.K., however, experienced declines, the latter by 7.65%.
Key global trends to watch include China's continued dominance, the potential for rapid growth in smaller markets like Singapore, and expected volatility in European markets. Sustainability and geopolitical factors will also play pivotal roles in shaping the future landscape of copper ore imports.
Top countries in Import of Copper Ores and Concentrates Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 55.28 | 2023 | +4.23% | +3.68% | View data |
| 2 | 2 Japan | 12.32 | 2023 | +0.36% | -2.31% | View data |
| 3 | 3 South Korea | 5.96 | 2023 | +1.62% | +0.84% | View data |
| 4 | 4 Spain | 5.65 | 2023 | +2.96% | +2.34% | View data |
| 5 | 5 India | 3.65 | 2023 | -2.56% | -0.33% | View data |
| 6 | 6 Germany | 3.39 | 2023 | +1.23% | +0.84% | View data |
| 7 | 7 Bulgaria | 2.93 | 2023 | +3.02% | +2.37% | View data |
| 8 | 8 Zambia | 1.69 | 2023 | +3.44% | +2.29% | View data |
| 9 | 9 Philippines | 1.43 | 2023 | +2.48% | +8.23% | View data |
| 10 | 10 Brazil | 1.04 | 2023 | -0.29% | +0.74% | View data |
