U.S.: Copper Ore Market 2020

Copper Ore Market Size in the USA

The revenue of the copper ore market in the U.S. amounted to $X in 2017, increasing by X% against the previous year. In general, copper ore consumption continues to indicate a strong growth. The pace of growth appeared the most rapid in 2015, with an increase of X% against the previous year. Over the period under review, the copper ore market reached its maximum level of $X in 2010; however, from 2011 to 2017, it failed to regain its momentum.

Copper Ore Production in the USA

In 2017, approx. X tons of copper ores and concentrates were produced in the U.S.; remaining relatively unchanged against the previous year. In general, copper ore production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2008, with an increase of X% y-o-y. The U.S. copper ore production peaked in 2017, and is likely to continue its growth in the near future.

Copper Ore Exports in the USA

In 2017, approx. X tons of copper ores and concentrates were exported from the U.S.; waning by -X% against the previous year. Overall, copper ore exports continue to indicate a prominent growth. The most prominent rate of growth was recorded in 2011, when it surged by X% against the previous year. The U.S. exports peaked of X tons in 2015; however, from 2016 to 2017, it failed to regain its momentum.

In value terms, copper ore exports totaled $X in 2017. In general, copper ore exports continue to indicate a remarkable increase. The U.S. exports peaked of $X in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.

Copper Ore Exports by Country in the USA

In 2017, Chile (X tons), distantly followed by Peru (X tons), Australia (X tons) and Canada (X tons) were the largest 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) took the minor 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), together accounting for X% of total exports. These countries were followed by Indonesia, Canada, Brazil, Spain, Mexico, the U.S., Mongolia, Kazakhstan and Namibia, which together accounted for a further X%.

Mexico (+X% per year) recorded the highest growth rate of exports, in terms of 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 the USA

The copper ore export price in the U.S. stood at $X per ton in 2017, growing by X% against the previous year. In general, copper ore export price continues to indicate a slight decrease. The most prominent rate of growth was recorded in 2016, when the export prices increased by X% against the previous year. The U.S. export price peaked of $X per ton in 2009; however, from 2010 to 2017, it failed to regain its momentum.

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 in the USA

In 2017, the amount of copper ores and concentrates imported into the U.S. stood at X tons, coming down by -X% against the previous year. In general, the total imports indicated a remarkable expansion from 2007 to 2017: its volume 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 imports increased by +X% against 2015 indices. The growth pace was the most rapid in 2016, when imports increased by X% year-to-year. In that year, the copper ore imports reached their peak volume of X tons, and then declined slightly in the following year.

In value terms, copper ore imports totaled $X in 2017. Overall, the total imports indicated a temperate increase 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 imports increased by +X% against 2015 indices. In that year, the copper ore imports attained their peak level of $X, and then declined slightly in the following year.

Copper Ore Imports by Country in the USA

China was the key importer of copper ores and concentrates in the world, with the volume of imports reaching X tons, which was approx. X% of total imports in 2017. The Philippines (X tons) ranks second in terms of the global imports with a X% share, followed by Japan (X%) and Spain (X%). The following importers - South Korea (X tons), India (X tons), Germany (X tons), Bulgaria (X tons), Taiwan, Chinese (X tons) and Zambia (X tons) together made up X% of total imports.

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. From 2007 to 2017, the share of India increased by X% percentage points, while Taiwan, Chinese (-X%), Zambia (-X%), Spain (-X%), the Philippines (-X%) and China (-X%) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported copper ores and concentrates into the U.S., making up X% of global imports. The second position in the ranking was occupied by Japan ($X), with a X% share of global imports. It was followed by India, with a X% share.

In China, copper ore imports increased 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 the USA

The copper ore import price in the U.S. stood at $X per ton in 2017, falling by -X% against the previous year. Overall, copper ore import price continues to indicate a pronounced slump. The pace of growth appeared the most rapid in 2011, an increase of X% year-to-year. The U.S. import price peaked of $X per ton in 2007; however, from 2008 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.

Source: IndexBox Platform

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