Latin America and the Caribbean: Copper Ore Market 2020

Copper Ore Market Size in Latin America and the Caribbean

The revenue of the copper ore market in Latin America and the Caribbean amounted to $X in 2017, coming down by -X% against the previous year. The copper ore consumption continues to indicate a drastic contraction. The pace of growth appeared the most rapid in 2011, when it surged by X% against the previous year. In that year, the copper ore market reached their peak level of $X. From 2012 to 2017, growth of the copper ore market failed to regain its momentum.

Copper Ore Production in Latin America and the Caribbean

In 2017, the amount of copper ores and concentrates produced in Latin America and the Caribbean stood at X tons, approximately reflecting the previous year. The total output volume increased an average annual rate of +X% from 2007 to 2017; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2012, when it surged by X% y-o-y. The volume of copper ore production peaked in 2017, and is expected to retain its growth in the near future.

Copper Ore Exports

Exports in Latin America and the Caribbean

In 2017, the amount of copper ores and concentrates exported in Latin America and the Caribbean amounted to X tons, rising by X% against the previous year. The total exports indicated a measured 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. Based on 2017 figures, the copper ore exports increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2010, when exports increased by X% y-o-y. Over the period under review, the copper ore exports attained its maximum volume in 2017, and are likely to continue its growth in the near future.

In value terms, copper ore exports totaled $X in 2017. The total exports indicated a pronounced increase 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 2015 indices. The level of exports peaked in 2017, and are expected to retain its growth in the immediate term.

Exports by Country

In 2017, Chile (X tons) was the largest exporter for copper ores and concentrates, mixed up X% of total exports. Peru (X tons) ranks second in terms of the global exports with a X% share, followed by Mexico (X%) and Brazil (X%).

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, Chile ($X), Peru ($X) and Brazil ($X) were the countries with the highest levels of exports in 2017, together accounting for X% of total exports. These countries were followed by Mexico, which accounted for a further X%.

Among the main exporting countries, Mexico (+X% per year) recorded the highest rates of growth with regard to exports, over the last decade, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The copper ore export price in Latin America and the Caribbean stood at $X per ton in 2017, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2010, an increase of X% against the previous year. The level of export price peaked of $X per ton in 2011; however, from 2012 to 2017, it failed to regain its momentum.

There were significant differences in the average export prices amongst the major exporting countries. In 2017, the country with the highest export price was Brazil ($X per ton), while Mexico ($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 Chile (+X% per year), while the other leaders experienced mixed trends in the export price figures.

Copper Ore Imports

Imports in Latin America and the Caribbean

In 2017, the amount of copper ores and concentrates imported in Latin America and the Caribbean stood at X tons, flattening at the previous year. The total imports indicated a tangible 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 was the most pronounced in 2015, with an increase of X% year-to-year. Over the period under review, the copper ore imports attained its peak figure volume of X tons in 2016, leveling off in the following year.

In value terms, copper ore imports stood at $X in 2017. The copper ore imports continue to indicate a drastic decrease. Over the period under review, the copper ore imports attained its peak figure level of $X in 2015; however, from 2016 to 2017, it stood at a somewhat lower level.

Imports by Country

Brazil (X tons) and Mexico (X tons) prevails in copper ore imports structure, together achieving X% of total imports. Chile (X tons) held a X% share (based on tons) of total imports, which put it in second place, followed by Peru (X%).

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

In value terms, Mexico ($X), Brazil ($X) and Peru ($X) were the countries with the highest levels of imports in 2017, together comprising X% of total imports.

In terms of the main importing countries, Peru (+X% per year) recorded the highest growth rate of imports, over the last decade, while the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2017, the copper ore import price in Latin America and the Caribbean amounted to $X per ton, shrinking by -X% against the previous year. The copper ore import price continues to indicate a drastic drop. The pace of growth was the most pronounced 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 attained 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 Mexico ($X per ton), while Brazil ($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 Peru (+X% per year), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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