In 2023, Japan's actual copper smelter production stood at 1.5525 million metric tons. The forecasted production figures from 2024 to 2028 indicate a steady increase. Specifically, production is expected to rise from 1.5548 million metric tons in 2024 to 1.5635 million metric tons by 2028. The year-on-year growth percentages are modest but consistent, suggesting a stable upward trend:
- 2024: 0.15%
- 2025: 0.14%
- 2026: 0.14%
- 2027: 0.14%
- 2028: 0.13%
The Compound Annual Growth Rate (CAGR) for the period from 2024 to 2028 is calculated to be around 0.14%, reflecting a slow yet steady growth over the five-year period.
Future trends to watch for include potential impacts from advancements in green technologies, which could influence copper demand, and geopolitical factors affecting raw material supply chains. Additionally, shifts in global market demand and domestic industrial policies could play significant roles in shaping Japan's copper production landscape.
