The import of copper bars, rods, and profiles to Vietnam has shown significant variation since 2013. In 2023, the value stood at 106.12 million USD. Over the past decade, the market fluctuated with periods of both growth and decline.
Notable trends include a marked increase in 2017 with a year-on-year growth rate of 21.14%, followed by moderate stabilizations. A sharp decline occurred in 2020 by -13.43%, but was quickly recovered by a 25.35% increase in 2021. The market saw a consistent growth from 2021 to 2023, posting a 3.59% increase in 2023. The 5-year CAGR from 2018 to 2023 was 4.07%.
Looking ahead, forecasted data from 2024 to 2028 indicates a gradual increase in imports, with a 5-year CAGR of 2.62%, leading to an expected import value of 125.34 million USD by 2028.
Future Trends to Watch:
- Potential impact of global supply chain disruptions on import volumes.
- Changes in global copper prices influencing import costs and demand.
- Technological advancements in copper utilization and recycling.
- Government policies on trade and industrial growth.
