The global import landscape for refined copper and copper alloys in 2024 is led by China, accounting for a significant portion of the market with a value of $27.966 billion. The United States follows with $5.4072 billion, and Germany with $4.5741 billion. Key highlights include a 1.75% increase for China, a modest 1.28% for the United States, and a slight decline of 0.21% for Germany year-on-year. Other notable changes include a 12.18% surge in Russia, while Slovenia and Ukraine faced considerable declines at -19.5% and -7.6% respectively.
The long-term trends are driven by:- **Industrial Growth:** Emerging economies like Indonesia (3.34%) and Azerbaijan's remarkable 83.68% increase indicate strong industrial growth.- **Technological Advancements:** Countries like Singapore and Qatar show significant spikes, highlighting the increasing importance of technological advancements.- **Regional Economic Stability:** Stable or increasing imports in countries like Egypt (0.2%) and Belgium (-0.024%) reflect regional economic stability, despite minor fluctuations.
Future trends to watch include the impact of global industrial policies on copper demand, the role of technological installation in boosting imports, and geopolitical influences that may alter supply chains and import levels across different regions.
Top countries in Import of Refined Copper and Copper Alloys by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 27,966,000,000 | 2023 | +2.63% | +1.75% | View data |
| 2 | 2 United States | 5,407,200,000 | 2023 | +1.56% | +1.28% | View data |
| 3 | 3 Germany | 4,574,100,000 | 2023 | +0.59% | -0.21% | View data |
| 4 | 4 Italy | 3,724,600,000 | 2023 | +0.22% | -0.42% | View data |
| 5 | 5 Thailand | 2,907,200,000 | 2023 | +3% | +2.62% | View data |
| 6 | 6 United Arab Emirates | 2,461,400,000 | 2023 | +1.19% | -0.87% | View data |
| 7 | 7 Malaysia | 2,291,100,000 | 2023 | +1.83% | +2.16% | View data |
| 8 | 8 South Korea | 1,815,100,000 | 2023 | -1.18% | -0.79% | View data |
| 9 | 9 Brazil | 1,273,300,000 | 2023 | +0.29% | -0.96% | View data |
| 10 | 10 France | 1,220,300,000 | 2023 | -2% | -3.03% | View data |
