Chile: Copper Ore Market 2020

Copper Ore Market Size in Chile

The revenue of the copper ore market in Chile amounted to $X in 2017, reducing by -X% against the previous year. In general, copper ore consumption continues to indicate a precipitous decrease. The growth pace was the most rapid in 2016, when market value increased by X% y-o-y. Over the period under review, the copper ore market reached its peak figure level of $X in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

Copper Ore Production in Chile

In 2017, the amount of copper ores and concentrates produced in Chile amounted to X tons, stabilizing at the previous year. In general, copper ore production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008, when it surged by X% y-o-y. Chile copper ore production peaked in 2017, and is expected to retain its growth in the immediate term.

Copper Ore Exports from Chile

In 2017, copper ore exports from Chile amounted to X tons, jumping by X% against the previous year. In general, copper ore exports continue to indicate a slight downturn. The pace of growth was the most pronounced in 2010, when exports increased by X% against the previous year. Chile exports peaked of X tons in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

In value terms, copper ore exports totaled $X in 2017. Overall, the total exports indicated a modest growth from 2007 to 2017: its value decreased 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 exports reached its peak figure level in 2017, and are likely to continue its growth in the near future.

Copper Ore Exports by Country from Chile

In 2017, Chile (X tons), distantly followed by Peru (X tons), Australia (X tons) and Canada (X tons) were the largest exporters of copper ores and concentrates, together committing X% of total exports. The following exporters - Mexico (X tons), Mongolia (X tons), Brazil (X tons), Spain (X tons), Indonesia (X tons), Kazakhstan (X tons), the U.S. (X tons) and Namibia (X tons) together made up X% 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 leaders experienced more modest paces of growth.

In value terms, the largest copper ore markets worldwide were Chile ($X), Peru ($X) and Australia ($X), with a combined X% share of total exports. Indonesia, Canada, Brazil, Spain, Mexico, the U.S., Mongolia, Kazakhstan and Namibia lagged somewhat behind, together accounting for a further X%.

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

Copper Ore Export Prices by Country in Chile

The copper ore export price in Chile stood at $X per ton in 2017, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2017, when it surged by X% y-o-y. Chile export price peaked of $X per ton in 2011; however, from 2012 to 2017, it failed to regain its momentum.

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

Copper Ore Imports into Chile

In 2017, the amount of copper ores and concentrates imported into Chile totaled X tons, reducing by -X% against the previous year. In general, copper ore imports continue to indicate a mild shrinkage. The most prominent rate of growth was recorded in 2008, when imports increased by X% year-to-year. In that year, the copper ore imports attained their peak volume of X tons. From 2009 to 2017, growth of the copper ore imports failed to regain its momentum.

In value terms, copper ore imports stood at $X in 2017. In general, copper ore imports continue to indicate a moderate slump. Chile imports peaked of $X in 2008; however, from 2009 to 2017, it stood at a somewhat lower level.

Copper Ore Imports by Country into Chile

China represented the main importing country with an import of about X tons, which recorded X% of total imports. The Philippines (X tons) took a X% share (based on tons) of total imports, which put it in second place, followed by Japan (X%) and Spain (X%). The following importers - South Korea (X tons), India (X tons), Germany (X tons), Bulgaria (X tons), Taiwan, Chinese (X tons) and Zambia (X tons) 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. From 2007 to 2017, the share of India increased by X% percentage points, while Taiwan, Chinese (-X%), Zambia (-X%), Spain (-X%), the Philippines (-X%) and China (-X%) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported copper ores and concentrates into Chile, making up X% of global imports. The second position in the ranking was occupied by Japan ($X), with a X% share of global imports. It was followed by India, with a X% share.

In China, copper ore imports expanded at an average annual rate of +X% over the period from 2007-2017. The remaining importing countries recorded the following average annual rates of imports growth: Japan (-X% per year) and India (-X% per year).

Copper Ore Import Prices by Country in Chile

In 2017, the copper ore import price in Chile amounted to $X per ton, increasing by X% against the previous year. Overall, copper ore import price continues to indicate a mild reduction. The most prominent rate of growth was recorded in 2009, when the import prices increased by X% against the previous year. Over the period under review, the import 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 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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