Peru: Copper Ore Market 2020

Copper Ore Market Size in Peru

The revenue of the copper ore market in Peru amounted to $X in 2017, shrinking by -X% against the previous year. In general, copper ore consumption continues to indicate a precipitous contraction. The growth pace was the most rapid in 2010, when it surged by X% y-o-y. Peru copper ore consumption peaked of $X in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

Copper Ore Production in Peru

Copper ore production in Peru totaled X tons in 2017, approximately reflecting the previous year. The total output volume increased an average annual rate of +X% from 2007 to 2017; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2013, when it surged by X% y-o-y. Peru copper ore production peaked in 2017, and is likely to continue its growth in the immediate term.

Copper Ore Exports from Peru

Copper ore exports from Peru amounted to X tons in 2017, increasing by X% against the previous year. Overall, copper ore exports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2016, with an increase of X% against the previous year. Over the period under review, the copper ore exports attained its maximum volume 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, the total exports indicated a strong expansion from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the copper ore exports increased by +X% against 2015 indices. Over the period under review, the copper ore exports reached its peak figure level in 2017, and are likely to continue its growth in the near future.

Copper Ore Exports by Country from Peru

In 2017, Chile (X tons), distantly followed by Peru (X tons), Australia (X tons) and Canada (X tons) were the major exporters of copper ores and concentrates, together committing 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) followed a long way behind the leaders.

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 accounting for a further X%.

In terms of the main exporting countries , Mexico (+X% per year) experienced the highest rates of growth with regard to exports, over the last decade, while the other leaders experienced more modest paces of growth.

Copper Ore Export Prices by Country in Peru

The copper ore export price in Peru stood at $X per ton in 2017, shrinking by -X% against the previous year. Overall, copper ore export price continues to indicate a moderate shrinkage. The pace of growth appeared the most rapid in 2010, when the export prices increased by X% y-o-y. Peru export 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 export prices amongst the major exporting countries. In 2017, 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 Peru

Copper ore imports into Peru amounted to X tons in 2017, approximately reflecting the previous year. In general, copper ore imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2010, when imports increased by X% against the previous year. Over the period under review, the copper ore imports attained its maximum volume of X tons in 2008; however, from 2009 to 2017, it failed to regain its momentum.

In value terms, copper ore imports totaled $X in 2017. Overall, copper ore imports continue to indicate a prominent increase. Peru imports peaked in 2017, and are likely to continue its growth in the near future.

Copper Ore Imports by Country into Peru

China represented the main importing country with an import of about X tons, which accounted for X% of total imports. The Philippines (X tons) took the second position in the ranking, followed by Japan (X tons) and Spain (X tons). All these countries together occupied near 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) followed a long way behind the leaders.

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. 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 ($X) constitutes the largest market for imported copper ores and concentrates into Peru, making up X% of global imports. The second position in the ranking was occupied by Japan ($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 Peru

The copper ore import price in Peru stood at $X per ton in 2017, jumping by X% against the previous year. Overall, copper ore import price continues to indicate a remarkable expansion. The pace of growth appeared the most rapid in 2011, when it surged by X% year-to-year. Over the period under review, the import prices for copper ores and concentrates reached its peak figure level of $X per ton in 2009; however, from 2010 to 2017, it 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.

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Source: IndexBox Platform