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World - Copper - Market Analysis, Forecast, Size, Trends And Insights
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Global Copper Market Overview 2020

Copper Market Size

In 2019, the global copper market increased by X% to $X, rising for the fourth consecutive year after four years of decline. Over the period under review, the total consumption indicated a temperate expansion from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption increased by +X% against 2015 indices. The pace of growth appeared the most rapid in 2017 with an increase of X% y-o-y. Global consumption peaked in 2019 and is likely to continue growth in the immediate term.

Copper Production

In value terms, copper production amounted to $X in 2019 estimated in export prices. The total output value increased at an average annual rate of +X% over the period from 2007 to 2019; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. Global production peaked in 2019 and is expected to retain growth in the near future.

Production By Country

The countries with the highest volumes of copper production in 2019 were Zambia (X tonnes), Chile (X tonnes) and the Dominican Republic (X tonnes), together comprising X% of global production. These countries were followed by Bulgaria, Democratic Republic of the Congo, Peru, Namibia, South Africa, Spain, Slovakia, Tanzania and Finland, which together accounted for a further X 2007 to 2019, the most notable rate of growth in terms of copper production, amongst the main producing countries, was attained by Namibia, while copper production for the other global leaders experienced more modest paces of growth.

Copper Exports

Exports

For the fifth consecutive year, the global market recorded growth in shipments abroad of copper, which increased by X% to X tonnes in 2019. Overall, total exports indicated temperate growth from 2007 to 2019: its volume increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, exports increased by +X% against 2010 indices. The growth pace was the most rapid in 2011 with an increase of X% year-to-year. Global exports peaked in 2019 and are expected to retain growth in the near future.

In value terms, copper exports expanded to $X in 2019. In general, total exports indicated a tangible increase from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, exports increased by +X% against 2015 indices. The pace of growth was the most pronounced in 2011 when exports increased by X% against the previous year. Global exports peaked in 2019 and are likely to see gradual growth in the immediate term.

Exports by Country

Zambia was the main exporter of copper in the world, with the volume of exports recording X tonnes, which was near X% of total exports in 2019. It was distantly followed by Chile (X tonnes), the Dominican Republic (X tonnes) and Bulgaria (X tonnes), together making up a X% share of total exports. The following exporters - Peru (X tonnes), Namibia (X tonnes), South Africa (X tonnes), Democratic Republic of the Congo (X tonnes), Spain (X tonnes), Slovakia (X tonnes) and Tanzania (X tonnes) - together made up X% of total exports.

Exports from Zambia increased at an average annual rate of +X% from 2007 to 2019. At the same time, Tanzania (+X%), the Dominican Republic (+X%), South Africa (+X%), Democratic Republic of the Congo (+X%), Peru (+X%), Slovakia (+X%), Namibia (+X%) and Spain (+X%) displayed positive paces of growth. Moreover, Tanzania emerged as the fastest-growing exporter exported in the world, with a CAGR of +X% from 2007-2019. Bulgaria experienced a relatively flat trend pattern. By contrast, Chile (-X%) illustrated a downward trend over the same period. Zambia (+X p.p.), the Dominican Republic (+X p.p.), South Africa (+X p.p.), Peru (+X p.p.), Democratic Republic of the Congo (+X p.p.) and Tanzania (+X p.p.) significantly strengthened its position in terms of the global exports, while Chile saw its share reduced by -X% from 2007 to 2019, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Zambia ($X) remains the largest copper supplier worldwide, comprising X% of global exports. The second position in the ranking was occupied by Chile ($X), with a X% share of global exports. It was followed by Bulgaria, with a X% share.

In Zambia, copper exports increased at an average annual rate of +X% over the period from 2007-2019. In the other countries, the average annual rates were as follows: Chile (-X% per year) and Bulgaria (+X% per year).

Export Prices by Country

The average copper export price stood at $X per tonne in 2019, approximately mirroring the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2010 when the average export price increased by X% against the previous year. Over the period under review, average export prices attained the peak figure at $X per tonne in 2011; however, from 2012 to 2019, export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2019, the country with the highest price was Namibia ($X per tonne), while the Dominican Republic ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Namibia, while the other global leaders experienced more modest paces of growth.

Copper Imports

Imports

In 2019, after four years of growth, there was decline in supplies from abroad of copper, when their volume decreased by -X% to X tonnes. In general, imports, however, continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, global imports hit record highs at X tonnes in 2018, and then contracted in the following year.

In value terms, copper imports contracted to $X in 2019. Over the period under review, imports, however, enjoyed a prominent increase. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Global imports peaked at $X in 2018, and then declined slightly in the following year.

Imports by Country

In 2019, China (X tonnes) was the main importer of copper, generating X% of total imports. Switzerland (X tonnes) took the second position in the ranking, followed by Belgium (X tonnes), India (X tonnes) and Germany (X tonnes). All these countries together held near X% share of total imports. Canada (X tonnes) and South Korea (X tonnes) followed a long way behind the leaders.

Imports into China increased at an average annual rate of +X% from 2007 to 2019. At the same time, India (+X%), Germany (+X%), Switzerland (+X%) and Belgium (+X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing importer imported in the world, with a CAGR of +X% from 2007-2019. By contrast, Canada (-X%) and South Korea (-X%) illustrated a downward trend over the same period. China (+X p.p.), Switzerland (+X p.p.), India (+X p.p.), Germany (+X p.p.) and Belgium (+X p.p.) significantly strengthened its position in terms of the global imports, while South Korea saw its share reduced by -X% from 2007 to 2019, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported copper worldwide, comprising X% of global imports. The second position in the ranking was occupied by Switzerland ($X), with a X% share of global imports. It was followed by Belgium, with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value in China stood at +X%. In the other countries, the average annual rates were as follows: Switzerland (+X% per year) and Belgium (+X% per year).

Import Prices by Country

In 2019, the average copper import price amounted to $X per tonne, remaining constant against the previous year. Overall, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2010 an increase of X% year-to-year. Over the period under review, average import prices reached the maximum at $X per tonne in 2011; however, from 2012 to 2019, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2019, major importing countries recorded the following prices: in Germany ($X per tonne) and Belgium ($X per tonne), while Canada ($X per tonne) and South Korea ($X per tonne) were amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Switzerland, while the other global leaders experienced mixed trends in the import price figures.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for copper in the world?
+
China (1M tonnes) remains the largest copper consuming country worldwide, accounting for 41% of total volume. Moreover, copper consumption in China exceeded the figures recorded by the second-largest consumer, Switzerland (364K tonnes), threefold. Belgium (228K tonnes) ranked third in terms of total consumption with a 9% share.
What are the largest producers of copper in the world?
+
The countries with the highest volumes of copper production in 2019 were Zambia (711K tonnes), Chile (521K tonnes) and the Dominican Republic (172K tonnes), together accounting for 63% of global production. These countries were followed by Bulgaria, Democratic Republic of the Congo, Peru, Namibia, South Africa, Spain, Slovakia, Tanzania and Finland, which together accounted for a further 30%.
What are the leading exporters of copper in the world?
+
In value terms, Zambia ($4.8B) remains the largest copper supplier worldwide, comprising 40% of global exports. The second position in the ranking was occupied by Chile ($2.1B), with a 18% share of global exports. It was followed by Bulgaria, with a 9% share.
What are the leading importers of copper in the world?
+
In value terms, China ($6.8B) constitutes the largest market for imported copper worldwide, comprising 47% of global imports. The second position in the ranking was occupied by Switzerland ($2.6B), with a 18% share of global imports. It was followed by Belgium, with a 13% share.
What is the average export price for copper in the world?
+
The average copper export price stood at $6,451 per tonne in 2019, leveling off at the previous year.
What is the average import price for copper in the world?
+
The average copper import price stood at $6,704 per tonne in 2019, approximately equating the previous year.

Product coverage:

This report provides an in-depth analysis of the global copper market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.



Data coverage:
• Global market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Global production, split by region and country
• Global trade (exports and imports)
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2019
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

United States
China
Japan
Germany
United Kingdom
France
Brazil
Italy
Russian Federation
India
Canada
Australia
Republic of Korea
Spain
Mexico
Indonesia
Netherlands
Turkey
Saudi Arabia
Switzerland
Sweden
Nigeria
Poland
Belgium
Argentina
Norway
Austria
Thailand
United Arab Emirates
Colombia
Denmark
South Africa
Malaysia
Israel
Singapore
Egypt
Philippines
Finland
Chile
Ireland
Pakistan
Greece
Portugal
Kazakhstan
Algeria
Czech Republic
Qatar
Peru
Romania
Vietnam
LIST OF TABLES
Table 1:
Key Findings In 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption, By Country, 2015–2019
Table 5:
Production, In Physical Terms, By Country, 2007–2019
Table 6:
Imports, In Physical Terms, By Country, 2007–2019
Table 7:
Imports, In Value Terms, By Country, 2007–2019
Table 8:
Import Prices, By Country Of Destination, 2007–2019
Table 9:
Exports, In Physical Terms, By Country, 2007–2019
Table 10:
Exports, In Value Terms, By Country, 2007–2019
Table 11:
Export Prices, By Country Of Origin, 2007–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Consumption, By Country, 2019
Figure 4:
Market Forecast To 2025
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Exports And Growth
Figure 11:
Export Prices And Growth
Figure 12:
Market Size And Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports And Growth
Figure 15:
Import Prices
Figure 16:
Production, In Physical Terms, 2007–2019
Figure 17:
Production, In Value Terms, 2007–2019
Figure 18:
Production, By Country, 2019
Figure 19:
Production, In Physical Terms, By Country, 2007–2019
Figure 20:
Imports, In Physical Terms, 2007–2019
Figure 21:
Imports, In Value Terms, 2007–2019
Figure 22:
Imports, In Physical Terms, By Country, 2019
Figure 23:
Imports, In Physical Terms, By Country, 2007–2019
Figure 24:
Imports, In Value Terms, By Country, 2007–2019
Figure 25:
Import Prices, By Country, 2007–2019
Figure 26:
Exports, In Physical Terms, 2007–2019
Figure 27:
Exports, In Value Terms, 2007–2019
Figure 28:
Exports, In Physical Terms, By Country, 2019
Figure 29:
Exports, In Physical Terms, By Country, 2007–2019
Figure 30:
Exports, In Value Terms, By Country, 2007–2019
Figure 31:
Export Prices, 2007–2019

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