Global Copper Ore Market 2020

Copper Ore Market Size

The global copper ore market revenue amounted to $X in 2017, increasing by X% against the previous year. The market value increased an average annual rate of +X% over the period from 2007 to 2017; the trend pattern indicated some noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2010, with an increase of X% against the previous year. Global copper ore consumption peaked of $X in 2011; however, from 2012 to 2017, it failed to regain its momentum.

Copper Ore Production

In 2017, approx. X tonnes of copper ores and concentrates were produced worldwide; approximately mirroring the previous year. The total output volume increased an average annual rate of +X% over the period from 2007 to 2017; the trend pattern remained relatively stable, with only minor fluctuations over the period under review. The most prominent rate of growth was recorded in 2012, when it surged by X% year-to-year. Over the period under review, the global copper ore production reached its peak figure volume in 2017, and is expected to retain its growth in the near future.

Copper Ore Exports

Exports 2007-2017

In 2017, the global exports of copper ores and concentrates stood at X tonnes, rising by X% against the previous year. The total export volume increased an average annual rate of +X% from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations over the period under review. The most prominent rate of growth was recorded in 2010, when it surged by X% y-o-y. Global 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. The total export value increased an average annual rate of +X% from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations in certain years. Global exports peaked in 2017, and are likely to continue its growth in the immediate term.

Exports by Country

In 2017, Chile (X tonnes), distantly followed by Peru (X tonnes), Australia (X tonnes) and Canada (X tonnes) were the main exporters of copper ores and concentrates, together creating X% of total exports. Mexico (X tonnes), Mongolia (X tonnes), Brazil (X tonnes), Spain (X tonnes), Indonesia (X tonnes), Kazakhstan (X tonnes), the U.S. (X tonnes) and Namibia (X tonnes) took the mild 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 global leaders experienced more modest paces of growth.

In value terms, Chile ($X), Peru ($X) and Australia ($X) appeared to be the countries with the highest levels of exports in 2017, together comprising X% of global exports. Indonesia, Canada, Brazil, Spain, Mexico, the U.S., Mongolia, Kazakhstan and Namibia lagged somewhat behind, together accounting for a further X%.

Among the main exporting countries, Mexico (+X% per year) experienced the highest growth rate of exports, over the last decade, while the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2017, the average copper ore export price amounted to $X per tonne, surging by X% against the previous year. Overall, copper ore export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2010, when the average export prices increased by X% year-to-year. Global export price peaked of $X per tonne in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

Export prices varied noticeably by the country of destination; the country with the highest export price was Indonesia ($X per tonne), while Namibia ($X per tonne) 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 global leaders experienced more modest paces of growth.

Copper Ore Imports

Imports 2007-2017

Global imports stood at X tonnes in 2017, stabilizing at the previous year. In general, copper ore imports continue to indicate a remarkable increase. The pace of growth was the most pronounced in 2010, when it surged by X% against the previous year. Global imports peaked of X tonnes in 2016, leveling off in the following year.

In value terms, copper ore imports totaled $X in 2017. Overall, the total imports indicated a perceptible growth 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. Global imports peaked in 2017, and are likely to see steady growth in the immediate term.

Imports by Country

China represented the main importing country with an import of about X tonnes, which resulted at X% of total imports. It was distantly followed by the Philippines (X tonnes), Japan (X tonnes) and Spain (X tonnes), together comprising X% share of total imports. The following importers - South Korea (X tonnes), India (X tonnes), Germany (X tonnes), Bulgaria (X tonnes), Taiwan, Chinese (X tonnes) and Zambia (X tonnes) 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. While the share of India (X%) increased significantly in terms of the global imports from 2007-2017, the share of Taiwan, Chinese (-X%), Zambia (-X%), Spain (-X%), the Philippines (-X%) and China (-X%) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported copper ores and concentrates worldwide, making up X% of global imports. The second position in the ranking was occupied by Japan ($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. In the other countries, the average annual rates were as follows: Japan (-X% per year) and India (-X% per year).

Import Prices by Country

In 2017, the average copper ore import price amounted to $X per tonne, increasing by X% against the previous year. In general, copper ore import price continues to indicate a drastic setback. The most prominent rate of growth was recorded in 2017, when it surged by X% year-to-year. Global import price peaked of $X per tonne in 2011; however, from 2012 to 2017, it failed to regain its momentum.

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 ($X per tonne), while the Philippines ($X per tonne) 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 global leaders experienced a decline in the import price figures.

Source: IndexBox Platform