As of 2023, the UK imported copper bars, rods, and profiles at an approximate volume of 117.4 million kilograms. The forecast for 2024 anticipates an increase to 122.1 million kilograms, marking a year-on-year growth of 4%. This positive trend is expected to continue, with volumes rising to 128.11 million kilograms in 2025, 134.0 million in 2026, 139.77 million in 2027, and reaching 145.43 million kilograms by 2028. Over these five years, the compound annual growth rate (CAGR) averages around 4.7%.
Future trends to watch for include:
- Global economic conditions affecting copper demand.
- Changes in trade policies or tariffs impacting imports.
- Technological advancements or shifts in key industries affecting copper usage.
