The import of refined copper and copper alloys to Sweden showed significant fluctuations from 2013 to 2023. The most notable change occurred in 2014 with a dramatic drop of 64.24% year-on-year. Despite a temporary recovery in 2015 and 2018 with increases of 151.38% and 82.82% respectively, the general trend over the last decade has been downward. In 2023, the imports stood at 41.068 million USD, reflecting a decline of 13.03% from the previous year and a five-year CAGR of -14.44%.
Looking ahead, the forecast for the next five years shows a continuing downward trend with a projected CAGR of -23.63%. By 2028, imports are expected to decline to 8.9155 million USD, marking a 74.01% reduction from 2023.
Future trends to watch for:
- Potential shifts in global copper market dynamics affecting prices and supply chain.
- Technological advancements reducing reliance on refined copper and copper alloys.
- Swedish government policies on raw material imports and sustainability efforts.
- Global economic conditions influencing import demands and trade relations.
