Mexico: Copper Ore Market 2020

Copper Ore Market Size in Mexico

The revenue of the copper ore market in Mexico amounted to $X in 2017, waning by -X% against the previous year. In general, copper ore consumption continues to indicate a dramatic drop. The most prominent rate of growth was recorded in 2011, when it surged by X% year-to-year. In that year, the copper ore market reached their peak level of $X. From 2012 to 2017, growth of the copper ore market stood at a somewhat lower level.

Copper Ore Production in Mexico

Copper ore production in Mexico stood at X tons in 2017, leveling off at the previous year. The total output volume increased an average annual rate of +X% over the period from 2007 to 2017; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2008, when the output figure increased by X% y-o-y. Over the period under review, the copper ore production attained its maximum volume in 2017, and is likely to continue its growth in the near future.

Copper Ore Exports from Mexico

In 2017, the amount of copper ores and concentrates exported from Mexico stood at X tons, jumping by X% against the previous year. Overall, copper ore exports continue to indicate a skyrocketing expansion. The growth pace was the most rapid in 2010, with an increase of X% y-o-y. Mexico exports peaked in 2017, and are expected to retain its growth in the immediate term.

In value terms, copper ore exports totaled $X in 2017. In general, copper ore exports continue to indicate an outstanding increase. Over the period under review, the copper ore exports attained its maximum level in 2017, and are expected to retain its growth in the near future.

Copper Ore Exports by Country from Mexico

In 2017, Chile (X tons), distantly followed by Peru (X tons), Australia (X tons) and Canada (X tons) were the main exporters of copper ores and concentrates, together achieving X% of total exports. 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) held the weak share 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%.

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.

Copper Ore Export Prices by Country in Mexico

In 2017, the copper ore export price in Mexico amounted to $X per ton, increasing by X% against the previous year. Overall, copper ore export price continues to indicate a moderate drop. The most prominent rate of growth was recorded in 2011, an increase of X% y-o-y. In that year, the export prices for copper ores and concentrates reached their peak level of $X per ton. From 2012 to 2017, growth of the export prices for copper ores and concentrates 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 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 Chile (+X% per year), while the other leaders experienced more modest paces of growth.

Copper Ore Imports into Mexico

Copper ore imports into Mexico stood at X tons in 2017, coming up by X% against the previous year. In general, copper ore imports continue to indicate a remarkable growth. The pace of growth was the most pronounced in 2014, with an increase of X% year-to-year. Over the period under review, the copper ore imports reached its peak figure volume in 2017, and are expected to retain its growth in the near future.

In value terms, copper ore imports totaled $X in 2017. In general, copper ore imports continue to indicate an abrupt contraction. Mexico imports peaked of $X in 2015; however, from 2016 to 2017, it failed to regain its momentum.

Copper Ore Imports by Country into Mexico

China represented the main importer of copper ores and concentrates in the world, with the volume of imports resulting at X tons, which was near X% of total imports in 2017. 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%). South Korea (X tons), India (X tons), Germany (X tons), Bulgaria (X tons), Taiwan, Chinese (X tons) and Zambia (X tons) followed a long way behind the leaders.

From 2007 to 2017, average annual rates of growth with regard to copper ore imports into China stood at +X%. 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 ($X) constitutes the largest market for imported copper ores and concentrates into Mexico, making up X% of global imports. The second position in the ranking was occupied by Japan ($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 Mexico

In 2017, the copper ore import price in Mexico amounted to $X per ton, dropping by -X% against the previous year. Overall, copper ore import price continues to indicate an abrupt deduction. The pace of growth was the most pronounced in 2015, when the import prices increased by -X% against the previous year. Mexico import price peaked of $X per kg in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

Import prices varied noticeably by the country of destination; 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