Eastern Asia: Copper Matte Market 2024

Copper Matte Market Size in Eastern Asia

In 2022, after three years of growth, there was significant decline in the East Asian copper matte market, when its value decreased by X% to $X. Over the period under review, consumption saw a relatively flat trend pattern. The level of consumption peaked at $X in 2021, and then fell dramatically in the following year.

Copper Matte Production in Eastern Asia

In value terms, copper matte production rose slightly to $X in 2022 estimated in export price. Overall, production showed a perceptible contraction. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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Copper Matte Exports

Exports in Eastern Asia

In 2022, shipments abroad of copper mattes and cement copper increased by X% to X tons, rising for the fourth consecutive year after two years of decline. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2019 with an increase of X%. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in the near future.

In value terms, copper matte exports dropped modestly to $X in 2022. Over the period under review, exports recorded prominent growth. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X, and then shrank modestly in the following year.

Exports by Country

The biggest shipments were from Japan (X tons), Hong Kong SAR (X tons) and South Korea (X tons), together recording X% of total export. It was distantly followed by Taiwan (Chinese) (X tons), generating a X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Hong Kong SAR (with a CAGR of X%), while the other leaders experienced mixed trends in the exports figures.

In value terms, South Korea ($X), Taiwan (Chinese) ($X) and Hong Kong SAR ($X) were the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

Hong Kong SAR, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, falling by X% against the previous year. Export price indicated a perceptible increase 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 export price increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2021 when the export price increased by X%. As a result, the export price attained the peak level of $X per ton, and then dropped in the following year.

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

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

Copper Matte Imports

Imports in Eastern Asia

After two years of growth, supplies from abroad of copper mattes and cement copper decreased by X% to X tons in 2022. Overall, imports showed a perceptible decrease. The pace of growth was the most pronounced in 2017 with an increase of X%. The volume of import peaked at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, copper matte imports contracted to $X in 2022. Over the period under review, imports, however, saw a modest expansion. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2021, and then dropped in the following year.

Imports by Country

South Korea was the largest importer of copper mattes and cement copper in Eastern Asia, with the volume of imports recording X tons, which was near X% of total imports in 2022. It was distantly followed by China (X tons), making up a X% share of total imports. Japan (X tons) held a minor share of total imports.

South Korea was also the fastest-growing in terms of the copper mattes and cement copper imports, with a CAGR of X% from 2012 to 2022. At the same time, Japan (X%) displayed positive paces of growth. By contrast, China (X%) illustrated a downward trend over the same period. South Korea (X p.p.) and Japan (X p.p.) significantly strengthened its position in terms of the total imports, while China saw its share reduced by X% from 2012 to 2022, respectively.

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

In South Korea, copper matte imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: China (X% per year) and Japan (X% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2022, growing by X% against the previous year. Import price indicated a temperate increase 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 2020 indices. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. Over the period under review, import prices reached the maximum in 2022 and is expected to retain growth in the near future.

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

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

Source: IndexBox Platform

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