Asia: Copper Ore Market 2020

Copper Ore Market Size in Asia

The revenue of the copper ore market in Asia amounted to $X in 2017, falling by -X% against the previous year. The market value increased an average annual rate of +X% over the period from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations over the period under review. The pace of growth appeared the most rapid in 2013, when it surged by X% year-to-year. Over the period under review, the copper ore market attained its maximum level of $X in 2016, and then declined slightly in the following year.

Copper Ore Production in Asia

In 2017, approx. X tons of copper ores and concentrates were produced in Asia; growing by X% against 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 somewhat noticeable fluctuations being recorded over the period under review. The most prominent rate of growth was recorded in 2012, with an increase of X% against the previous year. The volume of copper ore production peaked in 2017, and is expected to retain its growth in the immediate term.

Copper Ore Exports

Exports in Asia

In 2017, approx. X tons of copper ores and concentrates were exported in Asia; coming up by X% against the previous year. The total exports indicated a prominent 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 2013 indices. The growth pace was the most rapid in 2009, when it surged by X% year-to-year. Over the period under review, the copper ore exports reached its maximum volume in 2017, and are likely to see steady growth in the immediate term.

In value terms, copper ore exports amounted to $X in 2017. The total exports indicated a temperate 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 2012 indices. In that year, the copper ore exports reached their peak level of $X. From 2011 to 2017, growth of the copper ore exports failed to regain its momentum.

Exports by Country

The countries with the highest levels of copper ore exports in 2017 were Mongolia (X tons), Indonesia (X tons) and Kazakhstan (X tons), together reaching X% of total export. It was distantly followed by Armenia (X tons), Lao People's Democratic Republic (X tons) and the Philippines (X tons), together making up X% share of total exports. Turkey (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 Armenia (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X) remains the largest copper ore supplier in Asia, making up X% of global exports. The second position in the ranking was occupied by Mongolia ($X), with a X% share of global exports. It was followed by Kazakhstan, with a X% share.

In Indonesia, copper ore exports decreased by an average annual rate of -X% over the period from 2007-2017. The remaining exporting countries recorded the following average annual rates of exports growth: Mongolia (+X% per year) and Kazakhstan (+X% per year).

Export Prices by Country

The copper ore export price in Asia stood at $X per ton in 2017, falling by -X% against the previous year. The copper ore export price continues to indicate a mild slump. The growth pace was the most rapid in 2010, when the export prices increased by X% year-to-year. The level of export price peaked of $X per ton 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 ($X per ton), while Turkey ($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 Lao People's Democratic Republic (+X% per year), while the other leaders experienced mixed trends in the export price figures.

Copper Ore Imports

Imports in Asia

In 2017, approx. X tons of copper ores and concentrates were imported in Asia; lowering by -X% against the previous year. The copper ore imports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2010, with an increase of X% y-o-y. The volume of imports peaked of X tons in 2016, and then declined slightly in the following year.

In value terms, copper ore imports amounted to $X in 2017. The total imports indicated a strong 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. Over the period under review, the copper ore imports attained its peak figure level in 2017, and are likely to continue its growth in the near future.

Imports by Country

China was the largest importing country with an import of about X tons, which recorded X% of total imports. The Philippines (X tons) held the second position in the ranking, followed by Japan (X tons) and South Korea (X tons). All these countries together held approx. X% share of total imports. India (X tons) and Taiwan, Chinese (X tons) followed a long way behind the leaders.

From 2007 to 2017, average annual rates of growth with regard to copper ore imports into China stood at +X%. At the same time, the Philippines (+X%), Taiwan, Chinese (+X%) and South Korea (+X%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest growing importer in Asia, with a CAGR of +X% from 2007-2017. 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%), 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 ($X) constitutes the largest market for imported copper ores and concentrates in Asia, making up X% of global imports. The second position in the ranking was occupied by Japan ($X), with a X% share of global imports. It was followed by India, with a X% share.

From 2007 to 2017, the average annual growth rate of value in China amounted to +X%. 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 copper ore import price in Asia amounted to $X per ton, jumping by X% against the previous year. The copper ore import price continues to indicate a significant downturn. The pace of growth appeared the most rapid in 2017, when it surged by X% year-to-year. The level of import 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 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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