The import of Copper and Articles Thereof to India showed significant fluctuations over the years. In 2023, imports stood at $6.1546 billion. From 2013 to 2023, the market showed an average variation per year with a CAGR of 3.68%. Notably, substantial year-on-year growth appeared in 2017 (30.55%) and 2021 (26.23%). However, there were notable declines, such as in 2020 (-12.75%). Future imports are expected to grow, with forecasts indicating a 5-year CAGR of 2.99% till 2028, translating to a 15.88% growth rate over this forecast period.
Future trends to watch for:
- Global economic conditions influencing copper demand and prices.
- Technological advancements and their impact on copper usage.
- Sustainability initiatives promoting recycling and alternative materials.
