EU: Copper Ore Market 2020

Copper Ore Market Size in the EU

The revenue of the copper ore market in the European Union amounted to $X in 2017, picking up by X% against the previous year. The copper ore consumption continues to indicate a measured curtailment. The most prominent rate of growth was recorded in 2017, when market value increased by X% against the previous year. The level of copper ore consumption peaked of $X in 2008; however, from 2009 to 2017, it stood at a somewhat lower level.

Copper Ore Production in the EU

In 2017, the amount of copper ores and concentrates produced in the European Union totaled X tons, approximately mirroring the previous year. The copper ore production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2008, when it surged by X% year-to-year. In that year, the copper ore production attained their peak volume of X tons. From 2009 to 2017, growth of the copper ore production failed to regain its momentum.

Copper Ore Exports

Exports in the EU

In 2017, the amount of copper ores and concentrates exported in the European Union totaled X tons, surging by X% against the previous year. The total exports indicated a remarkable growth 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. The pace of growth appeared the most rapid in 2017, when exports increased by X% against the previous year. In that year, the copper ore exports reached their peak volume, and are likely to continue its growth in the immediate term.

In value terms, copper ore exports totaled $X in 2017. The total export value increased an average annual rate of +X% over the period from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations in certain years. In that year, the copper ore exports reached their peak level, and are likely to continue its growth in the immediate term.

Exports by Country

In 2017, Spain (X tons) represented the main exporter for copper ores and concentrates, constituting X% of total exports. Portugal (X tons) took the second position in the ranking, followed by Bulgaria (X tons). All these countries together held approx. X% share of total exports. The following exporters - Germany (X tons) and Romania (X tons) each resulted at a X% share of total exports.

Spain was also the fastest growing in terms of the copper ores and concentrates exports, with a CAGR of +X% from 2007 to 2017. At the same time, Romania (+X%) displayed positive paces of growth. By contrast, Bulgaria (-X%), Portugal (-X%) and Germany (-X%) illustrated a downward trend over the same period. Portugal (X%) significantly strengthened its position in terms of the global exports, while Spain saw its share reduced by -X% from 2007 to 2017, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Spain ($X) remains the largest copper ore supplier in the European Union, making up X% of global exports. The second position in the ranking was occupied by Portugal ($X), with a X% share of global exports. It was followed by Bulgaria, with a X% share.

From 2007 to 2017, the average annual growth rate of value in Spain totaled +X%. The remaining exporting countries recorded the following average annual rates of exports growth: Portugal (-X% per year) and Bulgaria (-X% per year).

Export Prices by Country

The copper ore export price in the European Union stood at $X per ton in 2017, coming up by X% against the previous year. The copper ore export price continues to indicate a moderate curtailment. The pace of growth appeared the most rapid in 2017, when the export prices increased by X% year-to-year. Over the period under review, the export prices for copper ores and concentrates reached its maximum level of $X per ton in 2008; however, from 2009 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 Spain ($X per ton), while Germany ($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 Romania (+X% per year), while the other leaders experienced a decline in the export price figures.

Copper Ore Imports

Imports in the EU

The imports totaled X tons in 2017, coming up by X% against the previous year. The total imports indicated a conspicuous increase 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. The pace of growth appeared the most rapid in 2010, with an increase of X% y-o-y. Over the period under review, the copper ore imports reached its maximum volume in 2017, and are likely to continue its growth in the near future.

In value terms, copper ore imports amounted to $X in 2017. The total imports indicated a moderate 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. The level of imports peaked of $X in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

Imports by Country

In 2017, Spain (X tons), distantly followed by Germany (X tons), Bulgaria (X tons) and Finland (X tons) represented the key importers of copper ores and concentrates, together generating X% of total imports. The following importers - Sweden (X tons), Belgium (X tons) and Poland (X tons) together made up X% of total imports.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Poland (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Germany ($X) and Bulgaria ($X) constituted the countries with the highest levels of imports in 2017, together accounting for X% of total imports. Finland, Sweden, Poland and Belgium lagged somewhat behind, together comprising a further X%.

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

Import Prices by Country

The copper ore import price in the European Union stood at $X per ton in 2017, growing by X% against the previous year. The copper ore import price continues to indicate a mild setback. The most prominent rate of growth was recorded in 2011, when the import prices increased by X% year-to-year. In that year, the import prices for copper ores and concentrates reached their peak level of $X per ton. From 2012 to 2017, growth of the import prices for copper ores and concentrates failed to regain its momentum.

Import prices varied noticeably by the country of destination; the country with the highest import price was Poland ($X per ton), while Belgium ($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 Belgium (+X% per year), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform