Did you know? Copper is one of the few metals found in nature in directly usable metallic form (native metals), and it is an important non-ferrous base metal with a broad variety of industrial applications, including defence, space exploration, railways, power cables, minting, and communications cables, among others. India, the global leader in copper scrap imports, is an essential player in the international copper market. With rising demand for copper and limited indigenous resources, the country increasingly relies on imported scrap to meet its industrial needs. But what are the nuances of copper scrap import export from India? This blog delves deeply into copper Scrap import export data, and industry trends, offering significant insights to importers and exporters.
Yes, the copper scrap business is one of the most lucrative business opportunities in India. However, the profitability of different forms of scrap materials varies according to market conditions, demand, and recycling costs. Due to their greater market values, copper, aluminium, and brass are widely regarded as more profitable metals. Other aspects to consider are local availability, competition, and processing capacity.
Several factors determine the profitability of the copper scrap business.
Overall, the copper scrap company can be profitable, but it is critical to thoroughly weigh all the considerations before making investment decisions.
“The shift towards circularity is driving investments in scrap metal recycling infrastructure and encouraging collaboration between stakeholders along the value chain”. Nick Pickens Research Director, Global Mining
Let's take a look at updated Copper Scrap import export data!
Here's a brief overview for Copper Scrap import export data :
| Trade Type | Copper Scrap import export data (USD Billion) | Share of Total Trade (%) | Top Trading Partners |
| Imports | 10 | 0.23% | Germany, United Kingdom, Saudi Arabia, United States, United Arab Emirates |
| Exports | 9 | 0.02% | China, South Korea, Malaysia, United Arab Emirates, Japan |
Let’s dive into the global copper scrap trade market!
Now, let’s briefly discuss the Copper Scrap import export data
According to copper scrap import data, copper scrap shipments in India totalled 99.6K, with 1,947 Indian importers sourcing from 6,444 suppliers.
However, India is the world's top copper scrap importer, sourcing most of it from the United States, Saudi Arabia, and the United Arab Emirates. Also, India is the leading importer of copper scrap, with 99,563 shipments, followed by Pakistan with 62,173, and Vietnam in third place with 56,978 shipments.
The top three product categories for copper scrap imports in India are:
According to copper scrap export data, copper scrap exports from India totalled 2.7K, shipped by 124 Indian exporters to 327 buyers.
Based on copper scrap exporter statistics, India exports most of its copper scrap to China, Germany, and France. The United States is the biggest exporter of copper scrap, with 144,131 shipments, followed by Vietnam with 66,314 loads, and Saudi Arabia in third place with 42,706.
Copper scrap exports from India are mostly classified into three product categories:
Let’s first analyze the chart for Copper Scrap import export data
The graphic depicts India's copper scrap imports and exports from 2018-19 to 2021-22. The blue bars reflect essences, whereas the orange bars represent exports.
India's copper scrap imports have fluctuated in previous years, with a modest increase expected in 2021-22. As per copper scrap import export data, imports peaked at 105 thousand metric tons in 2019-20 but fell to 68 thousand metric tons in 2020-21. They increased again to 91,000 metric tons in 2021-22. Copper scrap shipments have increased steadily over the last four years. Exports began at 12 thousand tonnes in 2018-19 and climbed to 21 thousand tonnes by 2021-22. It reflects a 75% increase during the four-year timeframe.
However, the gap between imports and exports is closing. In 2018–19, the difference between imports and exports was 68 thousand metric tons. This deficit was reduced to 47 thousand metric tons in 2021-22. Copper scrap import export data shows that India is more self-sufficient in copper scrap.
India is a big exporter of copper scrap and an important player in the worldwide copper recycling business. As of 2022, these are the major destinations for India's copper scrap exports:
| Copper scrap exporters | Percentage of Copper Scrap Imports (%) |
| China | 68 |
| South Korea | 10.1 |
| Japan | 7.48 |
| Spain | 3.4 |
| Germany | 3.4 |
So these are the major copper scrap exporters and major destinations for India's copper scrap exports. However, if you need an updated list of copper scrap importers or exporters, connect with Seair Exim Solutions anytime!
Now, let’s explore the top copper scrap importers in India!
Here is the updated List of Copper Scrap Importers in India
So, the list above represents India's copper scrap importers. This list gives an insight into the growing Indian copper scrap export import market. Numerous additional firms contribute to the industry's growth by offering unique product lines and addressing specific market demands. Need access for all cotton scrap exporters or importers? Connect with Seair Exim Solutions and obtain the updated list of copper scrap importers in India or copper scrap import export data by country.
To locate the most recent and accurate Copper scrap import export data by country, it is necessary to analyze copper scrap imports data, Copper scrap exports data, HS Codes, etc. Seair Exim Solutions is one of the most significant market research platforms, where you can get a global market report promptly and without any hassle. We also offer a database of over 100+ international countries, including Vietnam, the United States, Turkey, and Bangladesh.
In conclusion, copper scrap import and export is a dynamic and vital part of India's commerce business. Businesses may optimize their operations and capitalize on market opportunities by understanding the trade's trends, rules, and data. Stay educated and competitive, and make the most of the copper scrap trade in India.
To improve your chances of success, conduct market research, obtain licenses and permits, secure money, discover suppliers, and establish a network. However, if you require updated copper Scrap import export from india statistics, or the HS Code for copper scrap, our team of specialists will assist you in understanding the current market, trends, and insights and expanding your business in the global trade arena. Book a free live demo today!
FAQ's
Q1. Who is the largest exporter of copper scrap?
As per Copper scrap import export data by country, the United States exports the majority of its copper scrap to India, Pakistan, and China, and it is the world's largest exporter. The United States is the biggest exporter of copper scrap, with 144,131 shipments.
Q2. Who is the largest importer of copper scrap?
According to copper scrap import data, China imported a significant amount of copper scrap in 2022, both in terms of value and quantity.
Here are some specific figures:
Q3. Who is the largest scrap importer in India?
Sanjay Trade Corporation is a well-known scrap merchant and supplier to several Indian steel mills. It is by far the largest trader of metal scrap imported into the country, processing roughly 600,000 metric tonnes.
Q4. Which country exports the most Copper?
As per copper scrap exporters data, Chile is the world's largest copper exporter, with a value of over 22 billion US dollars in 2022. The Democratic Republic of the Congo was the second-largest copper exporter that year, with a total export value of approximately 17 billion US dollars.
Q5. Which country exports scrap copper wire?
According to copper scrap importers data, the United States is the world's top exporter of copper scrap, with the majority being shipped to India, Pakistan, and China.
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