In 2023, the import volume of articles of copper cast, moulded, stamped, or forged to India stood at an unspecified level. The forecast for 2024 indicates an import volume of 258.31 thousand kilograms, with a consistent growth trend projected through 2028. The year-on-year variations reveal a steady increase, with 2025 and 2026 expected to grow by 5.1% and 4.8%, respectively. A CAGR of approximately 4.59% is expected from 2024 to 2028, showing a robust expansion in import volumes.
Future trends to watch for include:
- Potential impacts of global economic conditions on copper demand and pricing.
- Technological advancements that may alter the demand for copper-based products.
- Policy changes in India affecting import duties or incentives for copper products.