The import of unrefined copper, copper anodes, and electrolytic refining to India has shown a general increasing trend over the years, with fluctuations. In 2023, the import value stood at 1153.4 million USD. Despite minor declines in some years, the import figures displayed a consistent upward trajectory.
From 2013 to 2023, the import values increased remarkably, demonstrating periods of rapid growth, especially noticeable between 2014 and 2016. However, there were slight contractions in 2018 and 2020. Over the past two years, the values grew steadily with year-on-year variations of 5.57% in 2022 and 5.17% in 2023. The 5-year CAGR leading up to 2023 was at 6.36%, indicating stable annual growth.
Future trends to watch for:- Anticipated continual increase in import values, with a forecast of 3.58% CAGR over the next five years.- Projected 19.26% overall growth from 2024 to 2028.- Potential influences of global market conditions, trade policies, and technological advancements on copper import dynamics.
