In 2023, China remained the dominant importer of refined copper, with a substantial market share of 44.96% of global imports in US dollars. The United States followed with 8.69%, while Germany and Italy witnessed slight declines, representing 7.35% and 5.99%, respectively. Notably, Thailand and Malaysia displayed strong growth, with 2.62% and 2.16% increases, respectively. Conversely, traditional European importers like the United Kingdom and Sweden saw substantial declines.
Looking forward, emerging markets such as Indonesia, which experienced a 3.34% rise, are worth monitoring. Additionally, Qatar and Azerbaijan are poised for continued growth, aligning with their significant recent surges. A pivotal focus will be how global macroeconomic shifts affect traditional European markets' import rates, while other nations may leverage their improving geopolitical ties to expand their copper importation in 2024 and beyond.
- China: Dominant at nearly half of global imports, little change.
- US: Stable position, slight positive growth expected.
- Europe: Mixed trends with some declines, watch for market adjustments.
- Emerging Markets: Increasing activity in Southeast Asia and Middle East.
- Futuristic Focus: Movement in emerging economies and geopolitical impacts.
Top countries in Import of Refined Copper and Copper Alloys Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 44.96 | 2023 | +2.63% | +1.75% | View data |
| 2 | 2 United States | 8.69 | 2023 | +1.56% | +1.28% | View data |
| 3 | 3 Germany | 7.35 | 2023 | +0.59% | -0.21% | View data |
| 4 | 4 Italy | 5.99 | 2023 | +0.22% | -0.42% | View data |
| 5 | 5 Thailand | 4.67 | 2023 | +3% | +2.62% | View data |
| 6 | 6 United Arab Emirates | 3.96 | 2023 | +1.19% | -0.87% | View data |
| 7 | 7 Malaysia | 3.68 | 2023 | +1.83% | +2.16% | View data |
| 8 | 8 South Korea | 2.92 | 2023 | -1.18% | -0.79% | View data |
| 9 | 9 Brazil | 2.05 | 2023 | +0.29% | -0.96% | View data |
| 10 | 10 France | 1.96 | 2023 | -2% | -3.03% | View data |
