The import of copper and copper alloy waste or scrap to India is forecasted to increase from 1.0172 billion USD in 2024 to 1.1146 billion USD in 2028. This represents steady growth due to increasing domestic demand for copper in various industries such as electrical, automotive, and construction. From 2024 to 2025, the import value is expected to grow by 2.47%, and continue increasing at a similar pace annually, with a five-year compound annual growth rate (CAGR) of approximately 2.34%.
Future trends to watch for:
- Potential policy changes regarding recycling and imports to promote sustainability.
- Fluctuations in global copper prices affecting import costs.
- Technological advancements in recycling processes increasing domestic supply.