The unwrought refined copper and copper alloys market volume in Germany stood at 416.57 million kilograms in 2023. From 2024 to 2028, the market is forecasted to decline consistently, exhibiting a downward trend with a year-on-year decrease, moving from 403.89 million kilograms in 2024 to 359.83 million kilograms in 2028. The average yearly decrease, or the Compound Annual Growth Rate (CAGR), over this period is indicative of the challenges the market faces.
Future trends to watch for include:
- Technological advancements in recycling which might impact demand for unwrought materials.
- Regulatory changes aiming to increase the copper lifecycle sustainability, potentially influencing market dynamics.
- Fluctuations in demand from primary industries, such as automotive and electronics, which are key copper consumers.