In 2023, the import value of plate, sheet, strip of refined copper in coils to the US was $197 million. The forecast for 2024 shows an increment of approximately 1.78% from the previous year. Following this, a steady annual rise is projected through 2028, culminating at $212.8 million. This consistent upward trend reflects a compound annual growth rate (CAGR) of approximately 1.52% over the five-year period from 2024 to 2028.
Future trends to watch for include:
- Potential shifts in global copper supply and pricing that could affect import volumes and costs.
- Technological advancements and sustainability considerations in the domestic market that may impact demand for refined copper.
- Trade policies and international relations that could influence import conditions and tariffs.