Africa: Copper Ore Market 2020

Copper Ore Market Size in Africa

The revenue of the copper ore market in Africa amounted to $X in 2017, jumping by X% against the previous year. The total market 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 consumption increased by +X% against 2014 indices. The pace of growth appeared the most rapid in 2013, with an increase of X% against the previous year. In that year, the copper ore market attained their peak level of $X. From 2014 to 2017, growth of the copper ore market stood at a somewhat lower level.

Copper Ore Production in Africa

In 2017, approx. X tons of copper ores and concentrates were produced in Africa; increasing by X% against 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 over the period under review. The pace of growth was the most pronounced in 2015, when the output figure increased by X% against the previous year. In that year, the copper ore production attained their peak volume of X tons. From 2016 to 2017, growth of the copper ore production stood at a somewhat lower level.

Copper Ore Exports

Exports in Africa

In 2017, the amount of copper ores and concentrates exported in Africa totaled X tons, picking up by X% against the previous year. The total exports indicated a mild 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 exports increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2017, when exports increased by X% y-o-y. The volume of exports peaked of X tons in 2012; however, from 2013 to 2017, it failed to regain its momentum.

In value terms, copper ore exports amounted to $X in 2017. The copper ore exports continue to indicate a moderate setback. Over the period under review, the copper ore exports reached its peak figure level of $X in 2012; however, from 2013 to 2017, it stood at a somewhat lower level.

Exports by Country

In 2017, Namibia (X tons) was the major exporter for copper ores and concentrates, committing X% of total exports. Morocco (X tons) ranks second in terms of the global exports with a X% share, followed by South Africa (X%) and Mauritania (X%). Botswana (X tons) followed a long way behind the leaders.

From 2007 to 2017, average annual rates of growth with regard to copper ore exports from Namibia stood at +X%. At the same time, Morocco (+X%) and Mauritania (+X%) displayed positive paces of growth. Moreover, Morocco emerged as the fastest growing exporter in Africa, with a CAGR of +X% from 2007-2017. By contrast, South Africa (-X%) and Botswana (-X%) illustrated a downward trend over the same period. While the share of South Africa (X%) and Botswana (X%) increased significantly in terms of the global exports from 2007-2017, the share of Mauritania (-X%), Morocco (-X%) and Namibia (-X%) displayed negative dynamics.

In value terms, the largest copper ore markets worldwide were Namibia ($X), South Africa ($X) and Mauritania ($X), with a combined X% share of total exports. These countries were followed by Morocco and Botswana, which together accounted for a further X%.

Morocco (+X% per year) experienced the highest growth rate of exports, among the main exporting countriesover the last decade, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The copper ore export price in Africa stood at $X per ton in 2017, coming up by X% against the previous year. The copper ore export price continues to indicate a deep slump. The pace of growth appeared the most rapid in 2015, when it surged by X% y-o-y. Over the period under review, the export prices for copper ores and concentrates reached its maximum level 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 export prices amongst the major exporting countries. In 2017, the country with the highest export price was Mauritania ($X per ton), while Namibia ($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 South Africa (+X% per year), while the other leaders experienced a decline in the export price figures.

Copper Ore Imports

Imports in Africa

The imports stood at X tons in 2017, surging by X% against the previous year. The copper ore imports continue to indicate a remarkable growth. The pace of growth appeared the most rapid in 2010, when imports increased by X% against the previous year. The volume of imports peaked of X tons in 2013; however, from 2014 to 2017, it stood at a somewhat lower level.

In value terms, copper ore imports stood at $X in 2017. The copper ore imports continue to indicate a remarkable increase. Over the period under review, the copper ore imports reached its maximum level of $X in 2013; however, from 2014 to 2017, it failed to regain its momentum.

Imports by Country

Zambia represented the key importing country with an import of about X tons, which accounted for X% of total imports. It was distantly followed by Namibia (X tons), constituting X% share of total imports. Mozambique (X tons) held the weak share of total imports.

From 2007 to 2017, average annual rates of growth with regard to copper ore imports into Zambia stood at +X%. At the same time, Namibia (+X%) and Mozambique (+X%) displayed positive paces of growth. Moreover, Namibia emerged as the fastest growing importer in Africa, with a CAGR of +X% from 2007-2017. From 2007 to 2017, the share of Namibia and Zambia decreased by -X% and -X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest copper ore markets worldwide were Zambia ($X), Namibia ($X) and Mozambique ($X), together comprising X% of total imports.

In terms of the main importing countries, Namibia (+X% per year) recorded the highest rates of growth with regard to imports, over the last decade, while the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The copper ore import price in Africa stood at $X per ton in 2017, rising by X% against the previous year. The copper ore import price continues to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2017, an increase of X% against the previous year. Over the period under review, the import prices for copper ores and concentrates attained its peak figure level of $X per ton in 2007; however, from 2008 to 2017, it failed to regain its momentum.

Import prices varied noticeably by the country of destination; the country with the highest import price was Mozambique ($X per ton), while Zambia ($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 Zambia (-X% per year), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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