Germany's copper imports are projected to gradually decrease from 2.68 million metric tons in 2024 to 2.62 million metric tons by 2028. The year-on-year variations between these forecasted years indicate a slight downward trend, with the most notable changes occurring between 2025 and 2028. Compared to actual import levels in 2023, which stood at approximately 2.70 million metric tons, the Compound Annual Growth Rate (CAGR) over the next five years reflects a decreasing trend in demand for copper imports.
Future trends to watch in the German copper market include:
- The impact of rising domestic production and recycling capacities on import levels.
- Global economic conditions affecting copper prices and supply chains.
- Technological advancements in copper usage across various industries.
- Policies aimed at enhancing sustainability and reducing carbon footprints.
