Asia: Copper Matte Market 2024

Copper Matte Market Size in Asia

In 2022, the Asian copper matte market decreased by X% to $X for the first time since 2018, thus ending a three-year rising trend. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Copper Matte Production in Asia

In value terms, copper matte production reached $X in 2022 estimated in export price. In general, production, however, continues to indicate a mild slump. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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Copper Matte Exports

Exports in Asia

In 2022, the amount of copper mattes and cement copper exported in Asia declined remarkably to X tons, which is down by X% on 2021. Over the period under review, exports, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, copper matte exports fell markedly to $X in 2022. In general, exports, however, enjoyed a moderate expansion. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2021, and then plummeted in the following year.

Exports by Country

In 2022, Iran (X tons) was the main exporter of copper mattes and cement copper, making up X% of total exports. Indonesia (X tons) ranks second in terms of the total exports with a X% share, followed by Thailand (X%), Japan (X%), India (X%), Hong Kong SAR (X%) and South Korea (X%).

From 2012 to 2022, average annual rates of growth with regard to copper matte exports from Iran stood at X%. At the same time, Indonesia (X%), India (X%), Thailand (X%), Hong Kong SAR (X%) and Japan (X%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. By contrast, South Korea (X%) illustrated a downward trend over the same period. While the share of Indonesia (X p.p.), Thailand (X p.p.), India (X p.p.) and Hong Kong SAR (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Iran (X p.p.) and South Korea (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Iran ($X) remains the largest copper matte supplier in Asia, comprising X% of total exports. The second position in the ranking was taken by South Korea ($X), with a X% share of total exports. It was followed by India, with a X% share.

In Iran, copper matte exports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: South Korea (X% per year) and India (X% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2022, growing by X% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was South Korea ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the other leaders experienced more modest paces of growth.

Copper Matte Imports

Imports in Asia

In 2022, after two years of growth, there was significant decline in purchases abroad of copper mattes and cement copper, when their volume decreased by X% to X tons. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, copper matte imports shrank to $X in 2022. Overall, imports, however, enjoyed a temperate expansion. The pace of growth appeared the most rapid in 2017 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2021, and then shrank in the following year.

Imports by Country

South Korea was the key importer of copper mattes and cement copper in Asia, with the volume of imports reaching X tons, which was approx. X% of total imports in 2022. It was distantly followed by China (X tons), Cambodia (X tons) and Thailand (X tons), together making up a X% share of total imports. Japan (X tons) held a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to copper matte imports into South Korea stood at X%. At the same time, Cambodia (X%), Thailand (X%) and Japan (X%) displayed positive paces of growth. Moreover, Cambodia emerged as the fastest-growing importer imported in Asia, with a CAGR of X% from 2012-2022. By contrast, China (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of South Korea, Cambodia, Thailand and Japan increased by X, X, X and X percentage points, respectively.

In value terms, South Korea ($X) constitutes the largest market for imported copper mattes and cement copper in Asia, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports. It was followed by Cambodia, with a X% share.

In South Korea, copper matte imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: China (X% per year) and Cambodia (X% per year).

Import Prices by Country

The import price in Asia stood at $X per ton in 2022, increasing by X% against the previous year. Import price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, copper matte import price increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, import prices reached the peak figure in 2022 and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was South Korea ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cambodia (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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