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Canada - Copper Ores And Concentrates - Market Analysis, Forecast, Size, Trends And Insights
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Article Publishing Date: Jan 17, 2023
Copper Ore and Concentrate Price in Canada Surges 38%, Averaging $8,655 per Ton
Canada Copper Ore and Concentrate Export Price in September 2022
In September 2022, the copper ores and concentrates price amounted to $8,655 per ton (FOB, Canada), picking up by 38% against the previous month. Over the period under review, export price indicated a pronounced expansion from January 2022 to September 2022: its price increased at an average monthly rate of +4.6% over the last eight-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2022 figures, copper ores and concentrates export price increased by +37.8% against August 2022 indices. Over the period under review, the average export prices reached the maximum at $10,234 per ton in April 2022; however, from May 2022 to September 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In September 2022, the country with the highest price was the United States ($10,430 per ton), while the average price for exports to Finland ($4,638 per ton) was amongst the lowest.
From January 2022 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+10.3%), while the prices for the other major destinations experienced more modest paces of growth.
Canada Exports
In September 2022, approximately 45K tons of copper ores and concentrates were exported from Canada; growing by 16% against the previous month's figure. Overall, exports posted a notable expansion. The growth pace was the most rapid in May 2022 with an increase of 182% month-to-month. The exports peaked at 51K tons in March 2022; however, from April 2022 to September 2022, the exports remained at a lower figure.
In value terms, copper ores and concentrates exports soared to $390M (IndexBox estimates) in September 2022. In general, exports saw a prominent expansion. The most prominent rate of growth was recorded in May 2022 when exports increased by 156% m-o-m. Over the period under review, the exports attained the peak figure at 474K tons in March 2022; however, from April 2022 to September 2022, the exports remained at a lower figure.
Canada Exports by Country
Japan (20K tons), China (14K tons) and Finland (9K tons) were the main destinations of copper ores and concentrates exports from Canada, together accounting for 96% of total exports. the United States and Germany lagged somewhat behind, together accounting for a further 4.1%.
From January 2022 to September 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +9.7%), while the other leaders experienced more modest paces of growth.
In value terms, Japan ($195M), China ($134M) and Finland ($42M) appeared to be the largest markets for copper ores and concentrates exported from Canada worldwide, with a combined 95% share of total exports.
Among the main countries of destination, Japan, with a CAGR of +15.8%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Factors Affecting Copper Ore and Concentrate Prices
Copper ore prices in Canada vary depending on a number of factors, including the type of ore, the location of the deposit, and the market conditions. The price of copper ore is also affected by transportation costs and the refining process.
The most common type of copper ore found in Canada is chalcopyrite, which accounts for about 80 percent of all copper deposits. Chalcopyrite is a relatively abundant mineral, and it is found in large deposits in both open-pit and underground mines. The other types of copper ore that are found in smaller quantities include native copper, cupellation, bornite, and chalcocite.
The location of a copper deposit can also affect its price. For example, deposits that are close to major population centres will typically be more expensive than those that are more remote. This is because it costs more to transport the ore to these areas. In addition, deposits that are located in politically stable countries are usually more expensive than those located in countries with unstable governments.
Finally, market conditions play a role in determining copper ore prices. Demand for copper has been increasing steadily as economies around the world continue to grow. This has led to higher prices for the metal, which is used extensively in construction and infrastructure projects. The current price environment is expected to continue in the near term, although there could be some volatility as supply and demand fundamentals shift.
This report provides an in-depth analysis of the market for copper ores and concentrates in Canada. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
• Prodcom 07291100 - Copper ores and concentrates
Country coverage:
• Canada
Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Canada
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles
Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
2.1
KEY FINDINGS
2.2
MARKET TRENDS
This Chapter is Available Only for the Professional Edition
PRO
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
9.1
EXPORTS FROM 2012–2022
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption In 2007-2022
Table 5:
Imports, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Value Terms, By Country, 2012–2022
Table 7:
Import Prices, By Country Of Origin, 2012–2022
Table 8:
Exports, In Physical Terms, By Country, 2012–2022
Table 9:
Exports, In Value Terms, By Country, 2012–2022
Table 10:
Export Prices, By Country Of Destination, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2022
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2022
Figure 5:
Trade Balance, In Physical Terms, 2007-2022
Figure 6:
Trade Balance, In Value Terms, 2007-2022
Figure 7:
Per Capita Consumption, 2007-2022
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2012–2022
Figure 21:
Production, In Value Terms, 2012–2022
Figure 22:
Imports, In Physical Terms, 2012–2022
Figure 23:
Imports, In Value Terms, 2012–2022
Figure 24:
Imports, In Physical Terms, By Country, 2022
Figure 25:
Imports, In Physical Terms, By Country, 2012–2022
Figure 26:
Imports, In Value Terms, By Country, 2012–2022
Figure 27:
Import Prices, By Country Of Origin, 2012–2022
Figure 28:
Exports, In Physical Terms, 2012–2022
Figure 29:
Exports, In Value Terms, 2012–2022
Figure 30:
Exports, In Physical Terms, By Country, 2022
Figure 31:
Exports, In Physical Terms, By Country, 2012–2022
Figure 32:
Exports, In Value Terms, By Country, 2012–2022
Figure 33:
Export Prices, By Country Of Destination, 2012–2022
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