The import of copper ores and concentrates to China has shown a consistent increase from 2013 to 2023, where it stood at $39.213 billion. From 2013 to 2023, the most notable growth happened between 2017 and 2018 with a year-on-year variation of 21.68%. The average annual growth rate over the last five years (CAGR) was 3.68%. The past two years, 2022 and 2023, saw a 4.52% and 4.23% increase respectively. Forecasted data from 2024 onwards suggest a steady annual growth, achieving a CAGR of 3.02% over the next five years, culminating at $47.534 billion in 2028.
Future trends to watch for include potential impacts of geopolitical tensions, technological advancements in extraction and processing, and shifts in global demand for copper driven by the electric vehicle market and renewable energy sector. Tracking these factors will be crucial in understanding the dynamics of copper ore imports to China over the next decade.
