The exports of copper products from China have shown significant fluctuations historically. From a decline in 2013 through 2016, the market began a gradual recovery in 2017 and 2018. A major increase was recorded in 2020 with a 42% year-on-year rise, marking the beginning of stable growth, which maintained a CAGR of 11.08% over the last five years up to 2023. By 2023, the export volume stood at 862.42 thousand metric tons. The export forecast from 2024 to 2028 projects a steady growth at a forecasted CAGR of 3.16%.
Key trends and considerations for the future of China's copper products export market include:
- Global demand for copper driven by the expansion of green technologies and renewable energy sectors
- Potential impacts of international trade policies and tariffs
- China's domestic policies particularly related to industrial production and sustainability initiatives
- Fluctuations in global copper prices affecting export revenues