In 2023, the import of plate, sheet, strip of refined copper in coils to China was documented at a certain level not specified in this data. Moving forward, the forecast indicates a steady annual growth in value from $345.68 million in 2024 to $380.92 million in 2028. The year-on-year growth from 2024 to 2025 is 2.63%, followed by 2.51% from 2025 to 2026, 2.40% from 2026 to 2027, and finally 2.29% from 2027 to 2028. The compound annual growth rate (CAGR) over these five years is approximately 2.44%.
Future trends to watch for:
- China's industrial demand, particularly in the electronics and construction sectors, which heavily consume refined copper, will significantly influence import values.
- Global copper price fluctuations due to supply chain dynamics and geopolitical tensions may impact import costs.
- Technological advancements in recycling and alternative materials might alter copper demand and affect import needs.
