The import volume of backed foil of refined copper to South Korea saw variations over the last decade with significant fluctuations. In 2023, the volume stood at 52.585 million kilograms. The year-on-year variation from 2022 to 2023 was 2.44%. Notably, over the last two years, the import volume increased by 2.55% in 2022 and 2.44% in 2023. From 2018 to 2023, the compound annual growth rate (CAGR) was 3.33%, indicating a moderate yet consistent increase over this period. Future forecasts predict a CAGR of 1.84% from 2024 to 2028, suggesting a steady but slower growth rate.
Future trends to watch for include:
- Potential supply chain disruptions or enhancements impacting imports.
- Technological advancements in the applications of copper foil impacting demand.
- Economic shifts and trade policies affecting global copper markets.
