In 2023, the import of copper and articles thereof to the US stood at an estimated 11.437 billion US dollars. The forecast for 2024 indicates an increase to 11.611 billion, reflecting a moderate year-on-year growth. The projected yearly increases from 2025 to 2028 are consistent, leading to an estimated 12.319 billion by 2028, averaging a compound annual growth rate (CAGR) of approximately 1.5% over the five years from 2024 to 2028.

Future trends to watch for:

Economic developments affecting construction and electronics sectors could impact copper demand.
Technological advancements in electric vehicles and renewable energy may drive further demand for copper.
Geopolitical factors and regulatory changes could influence trade dynamics.