Canada - Copper Ores And Concentrates - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Copper Ores and Concentrates in Canada - 2023
Contents:
- Price for Copper Ores and Concentrates in Canada (FOB) - 2023
- Price for Copper Ores and Concentrates in Canada (CIF) - 2022
- Exports of Copper Ores and Concentrates in Canada
- Imports of Copper Ores and Concentrates in Canada
Price for Copper Ores and Concentrates in Canada (FOB) - 2023
The average copper ores and concentrates export price stood at $6,776 per ton in June 2023, falling by -17% against the previous month. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2022 when the average export price increased by 35% against the previous month. The export price peaked at $8,506 per ton in January 2023; however, from February 2023 to June 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In June 2023, the country with the highest price was South Korea ($9,495 per ton), while the average price for exports to Finland ($2,949 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+3.0%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Copper Ores and Concentrates in Canada (CIF) - 2022
In 2022, the average copper ores and concentrates import price amounted to $14,798 per ton, surging by 11% against the previous year. Overall, the import price, however, showed a drastic downturn. The growth pace was the most rapid in 2015 when the average import price increased by 129% against the previous year. Over the period under review, average import prices attained the maximum at $72,068 per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Mexico ($38,630 per ton), while the price for Chile ($10,508 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Oman (+36.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Copper Ores and Concentrates in Canada
In 2022, overseas shipments of copper ores and concentrates decreased by -5% to 482K tons, falling for the second year in a row after two years of growth. In general, exports recorded a slight decline. The growth pace was the most rapid in 2020 when exports increased by 12%. As a result, the exports reached the peak of 556K tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, copper ores and concentrates exports reduced markedly to $3.5B in 2022. The total export value increased at an average annual rate of +7.2% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 24%. As a result, the exports reached the peak of $4.1B, and then dropped markedly in the following year.
| Export of Copper Ores and Concentrates in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 765 | 771 | 1,085 | 981 | 8.6% |
| Japan | 612 | 794 | 1,016 | 919 | 14.5% |
| South Korea | 496 | 591 | 727 | 658 | 9.9% |
| Philippines | 85.1 | 147 | 264 | 239 | 41.1% |
| Germany | 156 | 199 | 234 | 211 | 10.6% |
| India | 229 | 248 | 123 | 178 | -8.1% |
| Finland | 152 | 253 | 184 | 175 | 4.8% |
| Others | 341 | 323 | 493 | 129 | -27.7% |
| Total | 2,836 | 3,325 | 4,125 | 3,490 | 7.2% |
Top Export Markets for Copper Ores and Concentrates from Canada in 2022:
- China (122.0K tons)
- Japan (113.1K tons)
- South Korea (82.8K tons)
- Germany (33.5K tons)
- Finland (32.7K tons)
- India (29.8K tons)
- Philippines (27.8K tons)
Imports of Copper Ores and Concentrates in Canada
In 2022, approx. 67K tons of copper ores and concentrates were imported into Canada; increasing by 19% on the previous year's figure. Over the period under review, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +16.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +56.2% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 37% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.
In value terms, copper ores and concentrates imports skyrocketed to $989M in 2022. In general, imports continue to indicate a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Copper Ores and Concentrates in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 155 | 365 | 472 | 559 | 53.4% |
| Mexico | 61.7 | 57.1 | 118 | 139 | 31.1% |
| Chile | 30.9 | 19.0 | 88.1 | 104 | 49.9% |
| Saudi Arabia | 47.2 | 55.7 | 4.4 | 40.1 | -5.3% |
| Peru | 23.6 | 43.5 | 33.7 | 40.0 | 19.2% |
| Finland | 31.4 | 3.0 | 13.3 | 18.0 | -16.9% |
| Brazil | N/A | 33.0 | N/A | 12.3 | -38.9% |
| Philippines | 61.5 | N/A | N/A | N/A | 0% |
| Others | 79.6 | 30.4 | 22.3 | 76.0 | -1.5% |
| Total | 491 | 607 | 751 | 989 | 26.3% |
Top Suppliers of Copper Ores and Concentrates to Canada in 2022:
- United States (38.6K tons)
- Chile (9.9K tons)
- Peru (3.7K tons)
- Mexico (3.6K tons)
- Finland (1.4K tons)
- Brazil (1.2K tons)
- Saudi Arabia (1.1K tons)
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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- 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
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
-
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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This report provides an in-depth analysis of the market for copper ores and concentrates in Canada.
421
This report provides an in-depth analysis of the market for copper ores and concentrates in Canada.
725
This report provides an in-depth analysis of the global market for copper ores and concentrates.
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Global Copper Ore Market Report 2019. This report provides an in-depth analysis of the global market for copper ores and concentrates.
253
This report provides an in-depth analysis of the market for copper ores and concentrates in Canada.
421
This report provides an in-depth analysis of the market for copper ores and concentrates in Canada.
725
This report provides an in-depth analysis of the global market for copper ores and concentrates.
1074
Global Copper Ore Market Report 2019. This report provides an in-depth analysis of the global market for copper ores and concentrates.
2799
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.
275
In recent years, the demand for copper ores and concentrates has been steadily increasing worldwide. These materials are vital for various industries, including construction, electrical, and electronic sectors. The IndexBox market intelligence platform provides valuable insights into the top import markets for copper ores and concentrates. Here, we will explore the world's best import markets based on their import value. China, Japan, South Korea, India, Germany, Spain, Bulgaria, Taiwan, Philippines, and Finland are the top import markets for copper ores and concentrates in 2022. These countries heavily rely on copper to fuel their industrial growth and support sectors such as construction, electronics, and manufacturing. To access reliable and up-to-date market information, businesses can leverage the IndexBox market intelligence platform.
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