Argentina: Copper Ore Market 2020

Copper Ore Market Size in Argentina

The revenue of the copper ore market in Argentina amounted to $X in 2017, going up by X% against the previous year. In general, copper ore consumption continues to indicate an outstanding increase. The growth pace was the most rapid in 2008, when it surged by X% year-to-year. Over the period under review, the copper ore market attained its maximum level in 2017, and is expected to retain its growth in the immediate term.

Copper Ore Production in Argentina

In 2017, approx. X tons of copper ores and concentrates were produced in Argentina; standing approx. at the previous year. The total output volume increased an average annual rate of +X% from 2007 to 2017; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2012, when the output figure increased by X% year-to-year. Over the period under review, the copper ore production attained its peak figure volume in 2017, and is likely to continue its growth in the near future.

Copper Ore Exports from Argentina

In 2017, the amount of copper ores and concentrates exported from Argentina amounted to X tons, coming down by -X% against the previous year. In general, copper ore exports continue to indicate an abrupt setback. The pace of growth appeared the most rapid in 2016, when exports increased by X% year-to-year. Argentina exports peaked of X tons in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

In value terms, copper ore exports amounted to $X in 2017. In general, copper ore exports continue to indicate an abrupt reduction. Argentina exports peaked of $X in 2012; however, from 2013 to 2017, it failed to regain its momentum.

Copper Ore Exports by Country from Argentina

In 2017, Chile (X tons), distantly followed by Peru (X tons), Australia (X tons) and Canada (X tons) were the main exporters of copper ores and concentrates, together creating X% of total exports. The following exporters - Mexico (X tons), Mongolia (X tons), Brazil (X tons), Spain (X tons), Indonesia (X tons), Kazakhstan (X tons), the U.S. (X tons) and Namibia (X tons) together made up X% of total exports.

From 2007 to 2017, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Mexico (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the largest copper ore markets worldwide were Chile ($X), Peru ($X) and Australia ($X), with a combined X% share of total exports. These countries were followed by Indonesia, Canada, Brazil, Spain, Mexico, the U.S., Mongolia, Kazakhstan, Argentina and Namibia, which together accounted for a further X%.

Mexico (+X% per year) experienced the highest growth rate of exports, among the main exporting countries over the last decade, while the other leaders experienced more modest paces of growth.

Copper Ore Export Prices by Country in Argentina

The copper ore export price in Argentina stood at $X per ton in 2017, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2009, an increase of X% year-to-year. Over the period under review, the export prices for copper ores and concentrates reached its peak figure level of $X per ton in 2011; however, from 2012 to 2017, it failed to regain its momentum.

Export prices varied noticeably by the country of destination; the country with the highest export price was Indonesia ($X per ton), while Namibia ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Chile (+X% per year), while the other leaders experienced more modest paces of growth.

Copper Ore Imports into Argentina

Copper ore imports into Argentina amounted to X tons in 2017, reducing by -X% against the previous year. Overall, copper ore imports continue to indicate a drastic contraction. The most prominent rate of growth was recorded in 2015, when it surged by X% against the previous year. Over the period under review, the copper ore imports reached its maximum volume of X tons in 2007; however, from 2008 to 2017, it failed to regain its momentum.

In value terms, copper ore imports stood at $X in 2017. Overall, copper ore imports continue to indicate a precipitous descent. Over the period under review, the copper ore imports reached its maximum level of $X in 2007; however, from 2008 to 2017, it failed to regain its momentum.

Copper Ore Imports by Country into Argentina

China was the key importer of copper ores and concentrates in the world, with the volume of imports finishing at X tons, which was near X% of total imports in 2017. It was distantly followed by the Philippines (X tons), Japan (X tons) and Spain (X tons), together creating X% share of total imports. South Korea (X tons), India (X tons), Germany (X tons), Bulgaria (X tons), Taiwan, Chinese (X tons) and Zambia (X tons) held the slight share of total imports.

Imports into China increased at an average annual rate of +X% from 2007 to 2017. At the same time, the Philippines (+X%), Zambia (+X%), Taiwan, Chinese (+X%), Spain (+X%), Bulgaria (+X%) and South Korea (+X%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest growing importer in the world, with a CAGR of +X% from 2007-2017. Germany and Japan experienced a relatively flat trend pattern. By contrast, India (-X%) illustrated a downward trend over the same period. While the share of India (X%) increased significantly in terms of the global imports from 2007-2017, the share of Taiwan, Chinese (-X%), Zambia (-X%), Spain (-X%), the Philippines (-X%) and China (-X%) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported copper ores and concentrates into Argentina, making up X% of global imports. The second position in the ranking was occupied by Japan ($X), with a X% share of global imports. It was followed by India, with a X% share.

In China, copper ore imports expanded at an average annual rate of +X% over the period from 2007-2017. In the other countries, the average annual rates were as follows: Japan (-X% per year) and India (-X% per year).

Copper Ore Import Prices by Country in Argentina

The copper ore import price in Argentina stood at $X per ton in 2017, increasing by X% against the previous year. Overall, copper ore import price continues to indicate a deep slump. The pace of growth was the most pronounced in 2009, when it surged by X% against the previous year. In that year, the import prices for copper ores and concentrates attained their peak level of $X per ton. From 2010 to 2017, growth of the import prices for copper ores and concentrates stood at a somewhat lower level.

Import prices varied noticeably by the country of destination; the country with the highest import price was India ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by India (+X% per year), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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