The import of refined copper and copper alloys to Germany from 2013 to 2023 has shown a fluctuating trend. In 2013, the import value stood at $5.4124 billion, followed by a significant decline in the subsequent years, reaching the lowest point in 2016 at $3.6179 billion. It saw a recovery in 2017 and fluctuated around the $4.5 billion mark from 2018 to 2023. The value in 2023 was $4.5741 billion, with a minimal year-on-year increase of 0.59%. Over the last five years, the compound annual growth rate (CAGR) has been -0.21%, indicating a slight overall decline.
Forecasts from 2024 to 2028 predict a modest but steady increase in import values, maintaining a CAGR of 0.48% over the five-year span, culminating in a value of $4.7145 billion by 2028. This indicates a stable yet slow growth trajectory for the import of refined copper and copper alloys to Germany.
Future trends to watch for include potential impacts of technological advancements in alternative materials, changes in global copper production and supply chains, fluctuations in international trade policies, as well as economic developments within the EU that could influence demand for copper and copper alloys in Germany.
