Australia and Oceania: Market for Copper Ores And Concentrates 2024

Market Size for Copper Ores And Concentrates in Australia and Oceania

The copper ores and concentrates market in Australia and Oceania amounted to $X in 2022, increasing by X% against the previous year. In general, consumption posted prominent growth. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Copper Ores And Concentrates in Australia and Oceania

In value terms, copper ores and concentrates production stood at $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Exports of Copper Ores And Concentrates

Exports in Australia and Oceania

Copper ores and concentrates exports reduced modestly to X tons in 2022, waning by X% on 2021 figures. Over the period under review, exports continue to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, copper ores and concentrates exports reduced to $X in 2022. Overall, exports showed a mild decrease. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Australia represented the key exporting country with an export of about X tons, which finished at X% of total exports. It was distantly followed by Papua New Guinea (X tons), making up a X% share of total exports.

Australia was also the fastest-growing in terms of the copper ores and concentrates exports, with a CAGR of X% from 2012 to 2022. Papua New Guinea (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Australia increased by X percentage points.

In value terms, Australia ($X) remains the largest copper ores and concentrates supplier in Australia and Oceania, comprising X% of total exports. The second position in the ranking was taken by Papua New Guinea ($X), with a X% share of total exports.

In Australia, copper ores and concentrates exports decreased by an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per ton, reducing by X% against the previous year. Over the period under review, the export price, however, recorded modest growth. The most prominent rate of growth was recorded in 2021 an increase of X%. As a result, the export price reached the peak level of $X per ton, and then dropped in the following year.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per ton), while Papua New Guinea totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (X%).

Imports of Copper Ores And Concentrates

Imports in Australia and Oceania

In 2022, imports of copper ores and concentrates in Australia and Oceania dropped markedly to X tons, shrinking by X% on the previous year. Over the period under review, imports, however, saw a prominent increase. The most prominent rate of growth was recorded in 2015 when imports increased by X%. The volume of import peaked at X tons in 2021, and then dropped notably in the following year.

In value terms, copper ores and concentrates imports declined to $X in 2022. In general, imports, however, showed a significant expansion. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. The level of import peaked at $X in 2021, and then declined in the following year.

Imports by Country

Papua New Guinea represented the largest importing country with an import of about X tons, which resulted at X% of total imports. Australia (X tons) ranks second in terms of the total imports with a X% share, followed by New Zealand (X%).

Imports into Papua New Guinea increased at an average annual rate of X% from 2012 to 2022. At the same time, New Zealand (X%) and Australia (X%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of X% from 2012-2022. Papua New Guinea (X p.p.) and New Zealand (X p.p.) significantly strengthened its position in terms of the total imports, while Australia saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Australia ($X) constitutes the largest market for imported copper ores and concentrates in Australia and Oceania, comprising X% of total imports. The second position in the ranking was taken by New Zealand ($X), with less than X% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Australia totaled X%. In the other countries, the average annual rates were as follows: New Zealand (X% per year) and Papua New Guinea (X% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per kg in 2022, jumping by X% against the previous year. Overall, the import price posted a significant increase. As a result, import price reached the peak level 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 Australia ($X per kg), while Papua New Guinea ($X per kg) was amongst the lowest.

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

Source: IndexBox Platform

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