Market Survey on Copper - Indian Bureau of Mines

Table-6.3: Internal Apparent Demand Forecast of Copper 2010-11 to 2024-25
(Base Year 2008-09demand of 496 thousand tonnes)
Year Apparent Demand
at CAGR 12.2%
(In ‘000 tonnes)
Apparent Demand at
GDP 9%
2009-10 556 541
2010-11 624 590
2011-12 700 643
2012-13 785 701
2013-14 881 764
2014-15 988 833
2015-16 1109 908
2016-17 1244 990
2017-18 1396 1079
2018-19 1566 1176
2019-20 1757 1282
2020-21 1971 1397
2021-22 2211 1523
2022-23 2481 1660
2023-24 2784 1809
2024-25 3124 1972
From the above discussion it will be seen that the demand forecast
attempted by different methods gives different results. In the year 2024-25, the
demand forecast considering CAGR of 12.2% comes to about 3.1 million
tonnes and applying GDP growth of 9% as forecasted in 12 th plan the demand
comes to about 2.0 million tonnes.
2) Demand Projection Based on Sector wise Growth
With the liberalised policies of the Government, the Indian copper sector
has registered a quantum rise in production. The present installed capacity of
refined copper has reached at around ten lakh tonnes per year. India's position
has shifted from being a net importer of copper to a net exporter. The main
demand for refined copper is in the electrical and electronic sectors,
construction sector, consumer durables and transport sector. The per capita
consumption of copper in the country is low at about 0.5 kg compared to the
usage of 10 kg copper in developed countries, 4.6 kgs in China and 2.4 kgs in
the entire world. It has been forecasted that there will be an increase in
consumption of copper and in 2025, the per capita consumption in India will be
98