Italy: Market for Copper Ores And Concentrates 2024

Market Size for Copper Ores And Concentrates in Italy

In 2021, the Italian copper ores and concentrates market increased by 57% to $X, rising for the second consecutive year after two years of decline. Overall, consumption recorded a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Production of Copper Ores And Concentrates in Italy

In value terms, copper ores and concentrates production shrank sharply to $X in 2021 estimated in export price. Over the period under review, production faced a abrupt shrinkage. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2021, production remained at a lower figure.

Exports of Copper Ores And Concentrates

Exports from Italy

In 2021, after two years of decline, there was significant growth in shipments abroad of copper ores and concentrates, when their volume increased by 19% to X tons. Over the period under review, exports, however, saw a deep contraction. The most prominent rate of growth was recorded in 2014 when exports increased by 37%. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, copper ores and concentrates exports surged to $X in 2021. In general, exports, however, showed a pronounced setback. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Slovenia (X tons), the Czech Republic (X tons) and Germany (X tons) were the main destinations of copper ores and concentrates exports from Italy, with a combined 56% share of total exports. China, Turkey, Spain, Poland and the Netherlands lagged somewhat behind, together comprising a further 34%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +245.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for copper ores and concentrates exported from Italy were Slovenia ($X), the Czech Republic ($X) and Germany ($X), with a combined 57% share of total exports. Turkey, Spain, China, the Netherlands and Poland lagged somewhat behind, together comprising a further 30%.

The Netherlands, with a CAGR of +282.8%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average copper ores and concentrates export price stood at $X per ton in 2021, with an increase of 26% against the previous year. Overall, export price indicated a noticeable increase from 2012 to 2021: its price increased at an average annual rate of +4.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, copper ores and concentrates export price increased by +65.6% against 2017 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Slovenia ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+10.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper Ores And Concentrates

Imports into Italy

In 2021, overseas purchases of copper ores and concentrates were finally on the rise to reach X tons after four years of decline. In general, imports recorded a relatively flat trend pattern. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, copper ores and concentrates imports skyrocketed to $X in 2021. Over the period under review, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 307% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Turkey (X tons) constituted the largest supplier of copper ores and concentrates to Italy, with a 75% share of total imports. Moreover, copper ores and concentrates imports from Turkey exceeded the figures recorded by the second-largest supplier, China (X tons), fivefold.

From 2012 to 2021, the average annual growth rate of volume from Turkey stood at +10.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-5.7% per year) and Belgium (+9.7% per year).

In value terms, Turkey ($X) constituted the largest supplier of copper ores and concentrates to Italy, comprising 64% of total imports. The second position in the ranking was held by Belgium ($X), with a 19% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Turkey stood at +16.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+9.8% per year) and China (-6.7% per year).

Import Prices by Country

The average copper ores and concentrates import price stood at $X per ton in 2021, reducing by -38.6% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 150% against the previous year. As a result, import price attained the peak level of $X per ton, and then dropped sharply in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Belgium ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Armenia (+25.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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