The import of copper ores and concentrates to Germany has shown a fluctuating trend over the past decade. Since 2013, the import value ranged from a high of 2.5784 billion USD in 2014 to a low of 1.6352 billion USD in 2016. The most recent actual figure, for 2023, stands at 2.4046 billion USD, marking a modest year-on-year increase of 1.23%. Over the last two years, growth has been minimal, with an average year-on-year variation around 1.25%. Looking at the Compound Annual Growth Rate (CAGR) over the last five years from 2018 to 2023, it is estimated at approximately 0.84%, indicating a slow but steady growth.
Forecast data suggests a consistent upward trend, projecting an import value of 2.5578 billion USD by 2028. The forecasted CAGR over the next five years is 0.97%, representing an overall growth of 4.96% from 2023 to 2028.
Future trends to watch for include potential impacts of global supply chain disruptions, changes in environmental policies affecting mining and trade, and technological advancements in copper utilization and recycling. Additionally, shifts in demand from key industries like electronics and automotive sectors, particularly the transition to electric vehicles, could drive significant changes in import volumes and values.
