Report Update Jan 1, 2025

Chile - Copper Mattes and Cement Copper - Market Analysis, Forecast, Size, Trends and Insights

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Chile: Copper Matte Market 2025

Copper Matte Market Size in Chile

The Chilean copper matte market contracted to $X in 2022, waning by -3.1% against the previous year. Over the period under review, consumption posted a significant increase. Over the period under review, the market hit record highs at $X in 2021, and then contracted in the following year.

Copper Matte Production in Chile

In value terms, copper matte production declined modestly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the production volume increased by 11%. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Copper Matte Exports

Exports from Chile

Copper matte exports from Chile surged to X tons in 2019, growing by 87% against the previous year. Over the period under review, exports, however, recorded a sharp slump. The growth pace was the most rapid in 2017 with an increase of 144%. The exports peaked at X tons in 2012; however, from 2013 to 2019, the exports remained at a lower figure.

In value terms, copper matte exports surged to $X in 2019. In general, exports, however, showed a precipitous decline. The pace of growth was the most pronounced in 2017 with an increase of 114% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2019, the exports failed to regain momentum.

Exports by Country

Russia (X tons) was the main destination for copper matte exports from Chile, with a 75% share of total exports. Moreover, copper matte exports to Russia exceeded the volume sent to the second major destination, South Korea (X tons), threefold.

From 2012 to 2019, the average annual rate of growth in terms of volume to Russia was relatively modest.

In value terms, Russia ($X) emerged as the key foreign market for copper mattes and cement copper exports from Chile, comprising 72% of total exports. The second position in the ranking was held by South Korea ($X), with a 28% share of total exports.

From 2012 to 2019, the average annual growth rate of value to Russia was relatively modest.

Export Prices by Country

The average copper matte export price stood at $X per ton in 2019, dropping by -13.3% against the previous year. Overall, the export price showed a mild contraction. The pace of growth appeared the most rapid in 2018 an increase of 92% against the previous year. As a result, the export price reached the peak level of $X per ton, and then reduced in the following year.

Average prices varied noticeably for the major external markets. In 2019, amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to Russia totaled $X per ton.

From 2012 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+18.2%), while the prices for the other major destinations experienced a decline.

Copper Matte Imports

Imports into Chile

In 2022, approx. X kg of copper mattes and cement copper were imported into Chile; jumping by 181% on the previous year's figure. Overall, imports, however, faced a precipitous curtailment. The pace of growth was the most pronounced in 2020 when imports increased by 4,608,086% against the previous year. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, copper matte imports soared to $X in 2022. In general, imports, however, faced a dramatic curtailment. The pace of growth appeared the most rapid in 2020 when imports increased by 457,607% against the previous year. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Peru (X kg) was the main copper matte supplier to Chile, with a 94% share of total imports. Moreover, copper matte imports from Peru exceeded the figures recorded by the second-largest supplier, Argentina (X kg), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from Peru stood at -50.1%.

In value terms, Peru ($X) constituted the largest supplier of copper mattes and cement copper to Chile, comprising 90% of total imports. The second position in the ranking was held by Argentina ($X), with a 9.6% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Peru amounted to -45.4%.

Import Prices by Country

In 2022, the average copper matte import price amounted to $X per ton, growing by 13% against the previous year. Overall, the import price, however, saw a perceptible curtailment. The pace of growth appeared the most rapid in 2017 an increase of 414% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Argentina ($X per ton), while the price for Peru stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (+9.3%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for copper mattes and cement copper in the world?

The countries with the highest volumes of in 2021 were Russia, South Korea and China, with a combined 40% share of global consumption.

What are the largest producers of copper mattes and cement copper in the world?

Iran remains the largest copper matte producing country worldwide, accounting for 22% of total volume. Moreover, copper matte production in Iran exceeded the figures recorded by the second-largest producer, the Philippines, twofold. Finland ranked third in terms of total production with an 8.2% share.

What are the leading suppliers of copper mattes and cement copper to Chile?

In value terms, the United States constituted the largest supplier of copper matte to Chile.

What are the leading importers of copper mattes and cement copper from Chile?

In value terms, South Korea, Malaysia and China appeared to be the largest markets for copper matte exported from Chile worldwide, with a combined 69% share of total exports. These countries were followed by Bulgaria and the United States, which together accounted for a further 28%.

What is the average export price for copper mattes and cement copper in Chile?

In 2021, the average copper matte export price amounted to $4,494 per ton, therefore, remained relatively stable against the previous year.

What is the average import price for copper mattes and cement copper in Chile?

The average copper matte import price stood at $21,104 per ton in 2021, increasing by 23% against the previous year.

This report provides an in-depth analysis of the copper matte market in Chile. 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 2030.

Product coverage:

Prodcom 24441100 - Copper mattes, cement copper (precipitated copper) (excluding copper powder)

Country coverage:

Chile

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Chile
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:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
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. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024