In 2023, India imported an estimated 3.4 million kilograms of plate, sheet, and strip of refined copper in coils. Based on the forecasted data for the upcoming years, there is a consistent increase in import volumes. In 2024, an increase of approximately 3.44% from the previous year is expected. Similar year-on-year growth is anticipated in 2025 (3.27%), 2026 (3.10%), 2027 (2.96%), and 2028 (2.81%). Over the five-year period, the compound annual growth rate (CAGR) is projected at approximately 3.11%.
Future trends to watch include potential fluctuations due to international copper prices, increased domestic production capacities, and changes in trade policies with copper-exporting countries. Monitoring these variables will be crucial for anticipating future import needs.
