The import of copper bars, rods, and profiles to Singapore has shown variability over the last decade. After peaking in 2014 at 155.94 million USD, there was a notable decline until 2016. Following this period, imports increased slightly and stabilized around 123 million USD from 2019 onwards. As of 2023, imports stood at 124.13 million USD.
Year-on-year variations highlight significant fluctuations, with notable decreases in 2015 and 2016, followed by gradual stabilization. The last two years saw minimal variation, indicating a more stable import trend.
The 5-year Compound Annual Growth Rate (CAGR) shows an average decrease of 0.63% per year, suggesting a slight downward trend.
Future trends to watch for include potential fluctuations due to changing global copper prices, supply chain disruptions, and shifts in local manufacturing demand. Monitoring these factors will be crucial for understanding future import trajectories.
