In 2023, the import value of refined copper and copper alloys to South Africa stood at 75.4 million US Dollars. The forecasted data from 2024 to 2028 indicates a declining trend in the import values, decreasing year-on-year: 74.288 million USD in 2024, 73.195 million USD in 2025, 72.123 million USD in 2026, 71.073 million USD in 2027, and 70.045 million USD in 2028. Compared to 2023, the year-on-year variation shows a continual reduction with percentages as follows:
• 2024: -1.47%
• 2025: -1.47%
• 2026: -1.47%
• 2027: -1.46%
• 2028: -1.45%
The Compound Annual Growth Rate (CAGR) over the five-year period from 2024 to 2028 is -1.46%, highlighting a consistent annual decline.
Future trends to watch for include the potential impacts of global supply chain disruptions, changes in copper prices, and domestic industrial demand shifts. Monitoring these factors will be crucial, as they can significantly alter import dynamics and market conditions. Additionally, developments in sustainable energy technologies and recycling practices may influence the demand and importation patterns of refined copper and copper alloys in South Africa.
