Brazil: Copper Ore Market 2020

Copper Ore Market Size in Brazil

The revenue of the copper ore market in Brazil amounted to $X in 2017, reducing by -X% against the previous year. In general, copper ore consumption continues to indicate a dramatic setback. The pace of growth was the most pronounced in 2010, with an increase of X% year-to-year. Brazil copper ore consumption peaked of $X in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

Copper Ore Production in Brazil

In 2017, the amount of copper ores and concentrates produced in Brazil totaled X tons, remaining relatively unchanged against the previous year. In general, copper ore production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2008, when it surged by X% y-o-y. Brazil copper ore production peaked in 2017, and is likely to continue its growth in the near future.

Copper Ore Exports from Brazil

In 2017, the amount of copper ores and concentrates exported from Brazil amounted to X tons, coming up by X% against the previous year. Overall, copper ore exports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2010, when it surged by X% year-to-year. Brazil exports peaked in 2017, and are expected to retain its growth in the immediate term.

In value terms, copper ore exports stood at $X in 2017. Overall, copper ore exports continue to indicate a strong growth. Over the period under review, the copper ore exports attained its maximum level in 2017, and are likely to see steady growth in the immediate term.

Copper Ore Exports by Country from Brazil

In 2017, Chile (X tons), distantly followed by Peru (X tons), Australia (X tons) and Canada (X tons) represented the main exporters of copper ores and concentrates, together generating X% of total exports. 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) took the weak share 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. Indonesia, Canada, Brazil, Spain, Mexico, the U.S., Mongolia, Kazakhstan and Namibia lagged somewhat behind, together comprising a further X%.

Mexico (+X% per year) experienced the highest rates of growth with regard to 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 Brazil

In 2017, the copper ore export price in Brazil amounted to $X per ton, going up by X% against the previous year. Over the last decade, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2011, when the export prices increased by X% against the previous year. In that year, the export prices for copper ores and concentrates attained their peak level of $X per ton. From 2012 to 2017, growth of the export prices for copper ores and concentrates stood at a somewhat lower level.

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 Brazil

In 2017, imports of copper ores and concentrates into Brazil totaled X tons, approximately equating the previous year. The total import volume increased an average annual rate of +X% over the period from 2007 to 2017; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2015, when it surged by X% year-to-year. In that year, the copper ore imports reached their peak volume of X tons. From 2016 to 2017, growth of the copper ore imports stood at a somewhat lower level.

In value terms, copper ore imports amounted to $X in 2017. In general, copper ore imports continue to indicate a measured reduction. Over the period under review, the copper ore imports reached its peak figure level of $X in 2011; however, from 2012 to 2017, it failed to regain its momentum.

Copper Ore Imports by Country into Brazil

China was the major importer of copper ores and concentrates in the world, with the volume of imports recording X tons, which was approx. X% of total imports in 2017. The Philippines (X tons) held a X% share (based on tons) of total imports, which put it in second place, followed by Japan (X%) and Spain (X%). South Korea (X tons), India (X tons), Germany (X tons), Bulgaria (X tons), Taiwan, Chinese (X tons) and Zambia (X tons) followed a long way behind the leaders.

From 2007 to 2017, average annual rates of growth with regard to copper ore imports into China stood at +X%. 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. India (X%) significantly strengthened its position in terms of the global imports, while Taiwan, Chinese, Zambia, Spain, the Philippines and China saw its share reduced by -X%, -X%, -X%, -X% and -X% from 2007 to 2017, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported copper ores and concentrates into Brazil, making up X% of global imports. The second position in the ranking was occupied by Japan ($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. The remaining importing countries recorded the following average annual rates of imports growth: Japan (-X% per year) and India (-X% per year).

Copper Ore Import Prices by Country in Brazil

In 2017, the copper ore import price in Brazil amounted to $X per ton, growing by X% against the previous year. Overall, copper ore import price continues to indicate a pronounced downturn. The pace of growth was the most pronounced in 2010, an increase of X% year-to-year. Brazil import price peaked of $X per ton in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

There were significant differences in the average import prices amongst the major importing countries. In 2017, 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.

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Source: IndexBox Platform

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