In 2023, China led global imports of copper and copper alloy waste or scrap, significantly outpacing other countries. The United States noted the highest year-on-year import increase at 3.08%, whereas Russia marked a notable increase of 5.78%. Emerging markets like India, Spain, and Poland also showcased strong growth rates, indicating increased industrial activities. Conversely, the Netherlands observed a decline in imports, possibly due to shifting industry demands or local economic factors.
Looking ahead, the demand for copper and copper alloy waste or scrap is likely to rise in fast-developing economies due to escalating infrastructure projects and technological advancement. Environmental regulations may drive increased recycling efforts, further impacting the global trade dynamics. China's dominance in the copper scrap market is anticipated to continue, yet investments in recycling infrastructure in other regions may gradually alter this landscape.
Top countries in Import of Copper and Copper Alloy Waste or Scrap by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 9,628,100,000 | 2023 | +0.97% | +0.54% | View data |
| 2 | 2 Germany | 3,033,100,000 | 2023 | +1.12% | +0.6% | View data |
| 3 | 3 South Korea | 2,147,100,000 | 2023 | +2.44% | +1.54% | View data |
| 4 | 4 Japan | 1,375,100,000 | 2023 | +2.58% | +0.66% | View data |
| 5 | 5 Belgium | 1,250,200,000 | 2023 | +0.73% | +0.2% | View data |
| 6 | 6 Italy | 1,009,700,000 | 2023 | +2.12% | +0.61% | View data |
| 7 | 7 India | 991,310,000 | 2023 | +2.44% | +1.97% | View data |
| 8 | 8 United States | 896,300,000 | 2023 | +3.21% | +3.08% | View data |
| 9 | 9 Spain | 553,670,000 | 2023 | +2.52% | +1.97% | View data |
| 10 | 10 Poland | 534,030,000 | 2023 | +4.06% | +4.87% | View data |
