In 2023, Switzerland's copper trade balance stood at 12.55 thousand metric tons. Forecasted values for the subsequent years predict a steady decline. By 2024, the value is expected to fall to 11.28 thousand metric tons, representing a year-on-year decrease of 10.13%. The trend continues with a 11.07% decline in 2025 to 10.03, followed by a 11.46% drop in 2026 to 8.79, a 14.02% decrease in 2027 to 7.55, and a further 16.33% decline in 2028 to 6.32 thousand metric tons.
Future trends to watch for include:
- Potential impacts of global economic conditions on copper demand and supply.
- Technological advancements in alternative materials or recycling that could affect copper trade dynamics.
- Geopolitical developments and their effects on trade policies and tariffs.
- Environmental regulations that may influence copper production and trade.