The forecast for India's import of unrefined copper and copper anodes for electrolytic refining shows a steady increase from 2024 to 2028, growing from 191.95 to 228.0 million kilograms. In 2023, the actual import was recorded at approximately 185 million kilograms. The year-on-year growth rates are projected as: 2024 (3.76%), 2025 (4.84%), 2026 (4.53%), 2027 (4.23%), and 2028 (3.99%). The compound annual growth rate (CAGR) over this period is anticipated to be around 4.27%.
Future trends to watch include fluctuations in global copper prices, technological advancements in copper refining, and policy changes in India that could impact trade regulations. Additionally, rising industrial demand and green energy projects may further influence import volumes.
