The import of refined copper bar, rod, profiles to Singapore has shown significant yearly fluctuations over the past decade. In 2023, the value stood at 94.6 million USD, marking a slight decrease of 0.53% compared to the previous year. Year-on-year variations have been notable, ranging from a high of 19.82% growth in 2021 to a decline of 31.1% in 2015. The CAGR over the last five years leading up to 2023 was -1.32%, signaling a minor downward trend.

The forecast from 2024 to 2028 suggests a continued gradual decline, with a forecasted CAGR of -0.45% and an overall forecasted growth rate of -2.21% over these five years. This indicates a sustained but slow decline in imports.

Future trends to watch for:

Global copper prices and their impact on import volumes.
Singapore’s industrial demand for copper-related products.
Alternative materials and technologies potentially reducing the reliance on refined copper.
Local and regional economic policies affecting trade and industry dynamics.