The US refined copper exports have experienced fluctuating trends over the past years. From 2013 to 2015, we observed a sharp fall with a significant rebound in 2016 and then a more stable yet gradual trend thereafter. Refined copper exports stood at 109.65 thousand metric tons in 2023, showing only modest annual growth rates.
Year-on-year variations saw peaks and troughs, with 2013-2014 showing an increase of 14.41%, then dropping by 31.89% in 2015, followed by a steady pattern from 2016 onward. The last two years presented minor year-on-year growth: 1.09% in 2022 and 1.06% in 2023.
The 5-year CAGR leading into 2023 is 1.13%, indicating a stable but slow growth pattern, with projections maintaining this trend through 2028 at a CAGR of 0.84%, culminating in a 4.27% growth rate over five years.
Future trends to watch include potential impacts of global copper demand shifts, technological advancements in copper recycling, and international trade policies. Focus should also be on the impact of green tech and renewable energy sectors, which may drive up demand and affect export volumes in the coming years.
