India Refined Copper HS7403 Import Data 2025 April Overview

India Refined Copper (HS 7403) 2025 April Import: Key Takeaways

India’s Refined Copper imports under HS Code 7403 in April 2025 reveal a market dominated by Japan, supplying 85.80% of value and 92.55% of weight, indicating bulk, low-cost industrial-grade material at ~41 USD/kg. Higher-grade options from Africa (e.g., Congo at 148 USD/kg) cater to specialized needs, while Europe offers competitive mid-tier volumes. Importers must balance cost efficiency with quality, factoring in India’s 24.49% landed duty costs. This analysis, covering April 2025, is based on processed Customs data from the yTrade database.

India Refined Copper (HS 7403) 2025 April Import Background

What is HS Code 7403?

HS Code 7403 covers refined copper and copper alloys, unwrought, including cathodes, billets, and wire-bars. This product is critical for industries like electrical manufacturing, construction, and automotive due to its high conductivity and durability. Global demand remains stable, driven by infrastructure development and renewable energy projects.

Current Context and Strategic Position

India’s import duty structure for HS Code 7403 in April 2025 includes a 5% basic customs duty, 18% IGST, and a 10% social welfare surcharge, totaling ~24.49% [Cybex]. No major policy changes were reported, but compliance with existing regulations remains mandatory. India’s reliance on refined copper imports underscores its strategic role in meeting domestic industrial demand, necessitating close market monitoring for India Refined Copper HS Code 7403 Import 2025 April.

India Refined Copper (HS 7403) 2025 April Import: Trend Summary

Key Observations

In April 2025, India's imports of Refined Copper under HS Code 7403 surged to 314.57 million USD in value with a volume of 7.13 million kg, marking the highest monthly performance in the year and reflecting robust demand in the base metals sector.

Price and Volume Dynamics

The sequential growth from January to April 2025 shows a dramatic increase, with value rising from 8.16 million USD in January to 314.57 million USD in April, while volume climbed from negligible levels to 7.13 million kg. This upward trend aligns with typical seasonal patterns in the copper industry, where Q2 often sees heightened import activity due to post-monsoon construction and manufacturing rebounds, driving stock replenishment. The month-over-month comparison from March to April shows a value increase of over 21%, despite a slight volume dip, suggesting possible price firmness or shifts in product mix within the HS Code 7403 category.

External Context and Outlook

The stability in India's import policy for Refined Copper, with no changes to the duty structure in April 2025 as confirmed by cybex.in, provided a predictable environment that likely encouraged this import surge. Looking ahead, sustained industrial demand from sectors like infrastructure and electronics, coupled with consistent tariff rates, should support steady import flows, though global price volatility remains a watch point for future trends.

India Refined Copper (HS 7403) 2025 April Import: HS Code Breakdown

Product Specialization and Concentration

In April 2025, India's imports of Refined Copper under HS Code 7403 were heavily concentrated in cathodes, according to yTrade data. The sub-code 74031100 for refined copper cathodes and sections held a 97% value share with a unit price of 45.49 USD per kilogram, indicating its role as the primary import product. An anomaly is present in sub-code 74032900 for other copper alloys, which showed an extremely high unit price of 372.36 USD per kilogram but minimal volume, and it is isolated from the main analysis due to its outlier nature.

Value-Chain Structure and Grade Analysis

The non-anomalous imports can be grouped into two categories based on form and grade. First, raw refined copper includes cathodes (74031100), billets (74031300), and other unwrought forms (74031900), with unit prices ranging from 18 to 45 USD per kilogram, suggesting a trade in fungible bulk commodities often linked to global indices. Second, copper alloys such as brass (74032100) and bronze (74032290/74032210) have higher unit prices of 31 to 69 USD per kilogram, indicating more differentiated, value-added goods with specific industrial applications.

Strategic Implication and Pricing Power

For market players in India Refined Copper HS Code 7403 Import 2025 April, pricing power is limited for raw copper due to its commodity nature, but stronger for alloy products where differentiation allows for better margins. The stable import duty structure, including a 5% basic duty and total levies around 24.49% as noted in [Cybex], supports cost predictability, urging importers to focus on high-value alloys for strategic advantage.

Check Detailed HS 7403 Breakdown

India Refined Copper (HS 7403) 2025 April Import: Market Concentration

Geographic Concentration and Dominant Role

In April 2025, India's import of Refined Copper under HS Code 7403 was highly concentrated, with Japan dominating at 85.80% of value and 92.55% of weight. The lower value ratio compared to weight ratio suggests Japan supplies lower-grade copper at a lower unit price, around 41 USD/kg, indicating it is the primary source for bulk, industrial use.

Partner Countries Clusters and Underlying Causes

Two main clusters emerge: Japan serves as the bulk, low-cost supplier for mass consumption. Congo and Zambia, with higher value per weight (e.g., Congo's unit price near 148 USD/kg), likely provide higher-grade or specialized copper from African mining regions. European countries like Austria and Germany offer moderate volumes at competitive prices, while Italy's high frequency but low volume points to frequent, small shipments for specific alloy needs.

Forward Strategy and Supply Chain Implications

Importers should prioritize cost-effective bulk sourcing from Japan for general use, but explore higher-grade options from Africa for quality-sensitive applications. The import duty structure, with basic duty of 5% and additional taxes totaling around 24.49%, increases landed costs and should be factored into supplier selection [seair.co.in]. Diversifying sources can mitigate supply risks for India Refined Copper HS Code 7403 Import 2025 April.

Table: India Refined Copper (HS 7403) Top Partner Countries (Source: yTrade)

Get Complete Partner Countries Profile

India Refined Copper (HS 7403) 2025 April Import: Action Plan for Refined Copper Market Expansion

Strategic Supply Chain Overview

India Refined Copper Import 2025 April under HS Code 7403 is a commodity-driven market. Price is set by global supply and grade differences. Japan dominates with low-cost bulk supply, creating reliance risk. High-value alloys offer better margins but are niche. Large, frequent buyers control most volume, making demand vulnerable to their shifts. The stable import duty near 24.49% adds fixed cost but allows planning certainty. Supply chain focus must be on securing bulk flows while diversifying for grade and risk.

Action Plan: Data-Driven Steps for Refined Copper Market Execution

• Diversify sourcing beyond Japan using trade data to identify alternative bulk suppliers like European or African partners. This reduces supply concentration risk and may improve grade options.
• Shift import mix toward higher-value alloys like brass or bronze by analyzing HS sub-code demand trends. This increases margin potential in a commodity market.
• Use buyer frequency data to target infrequent large buyers with tailored bulk offers. This captures project-based demand and reduces reliance on routine high-volume clients.
• Monitor real-time customs duty updates for HS Code 7403 to adjust landed cost calculations promptly. This avoids cost surprises and maintains pricing competitiveness.
• Track seasonal or project-based demand spikes using import volume timelines to optimize inventory and avoid overstock. This aligns supply with actual consumption patterns.

Take Action Now —— Explore India Refined Copper Import Data

Frequently Asked Questions

Q1. What is driving the recent changes in India Refined Copper Import 2025 April?

India's refined copper imports surged to 314.57 million USD in April 2025, the highest monthly value of the year, driven by post-monsoon industrial demand and stable import policies. The growth reflects seasonal stock replenishment in construction and manufacturing sectors.

Q2. Who are the main partner countries in this India Refined Copper Import 2025 April?

Japan dominated with 85.80% of import value, supplying bulk, lower-grade copper. Congo and Zambia contributed smaller shares but offered higher-grade copper, while European countries like Austria and Germany provided moderate volumes at competitive prices.

Q3. Why does the unit price differ across India Refined Copper Import 2025 April partner countries?

Price differences stem from product specialization: Japan supplies raw cathodes (74031100) at ~41 USD/kg for bulk use, while Congo’s higher-grade copper (likely alloys like 74032100) commands ~148 USD/kg for specialized applications.

Q4. What should importers in India focus on when buying Refined Copper?

Importers should prioritize cost-effective bulk sourcing from Japan for general use but explore high-grade alloys from Africa for quality-sensitive needs. Diversifying suppliers mitigates reliance on a single dominant source.

Q5. What does this India Refined Copper import pattern mean for overseas suppliers?

Suppliers like Japan benefit from steady high-volume demand, while African and European exporters can target niche markets for premium alloys. The stable duty structure (5% basic + 24.49% total levies) ensures predictable costs.

Q6. How is Refined Copper typically used in this trade flow?

Refined copper is primarily used in industrial applications like infrastructure, electronics, and manufacturing, with bulk-grade cathodes for general use and specialized alloys for high-performance components.