Middle East: Copper Ore Market 2020

Copper Ore Market Size in the Middle East

The revenue of the copper ore market in Middle East amounted to $X in 2017, rising by X% against the previous year. The copper ore consumption continues to indicate a temperate increase. The pace of growth was the most pronounced in 2011, with an increase of X% y-o-y. Over the period under review, the copper ore market attained its peak figure level in 2017, and is expected to retain its growth in the immediate term.

Copper Ore Production in the Middle East

In 2017, the amount of copper ores and concentrates produced in Middle East amounted to X tons, coming up by X% against the previous year. The total output volume increased an average annual rate of +X% over the period from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations over the period under review. The pace of growth appeared the most rapid in 2012, when the output figure increased by X% y-o-y. Over the period under review, the copper ore production reached its maximum volume in 2017, and is likely to see steady growth in the immediate term.

Copper Ore Exports

Exports in the Middle East

The exports stood at X tons in 2017, jumping by X% against the previous year. The copper ore exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2009, when exports increased by X% y-o-y. Over the period under review, the copper ore exports reached its peak figure volume of X tons in 2010; however, from 2011 to 2017, it failed to regain its momentum.

In value terms, copper ore exports totaled $X in 2017. The copper ore exports continue to indicate a pronounced shrinkage. In that year, the copper ore exports attained their peak level of $X. From 2011 to 2017, growth of the copper ore exports stood at a somewhat lower level.

Exports by Country

Turkey was the main exporting country with an export of around X tons, which accounted for X% of total exports. It was distantly followed by Saudi Arabia (X tons), Iran (X tons) and Oman (X tons), together making up X% share of total exports.

Exports from Turkey decreased at an average annual rate of -X% from 2007 to 2017. At the same time, Saudi Arabia (+X%) and Oman (+X%) displayed positive paces of growth. Moreover, Saudi Arabia emerged as the fastest growing exporter in Middle East, with a CAGR of +X% from 2007-2017. By contrast, Iran (-X%) illustrated a downward trend over the same period. Iran (X%) and Turkey (X%) significantly strengthened its position in terms of the global exports, while Saudi Arabia 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, the largest copper ore markets worldwide were Turkey ($X), Saudi Arabia ($X) and Iran ($X), with a combined X% share of total exports.

Among the main exporting countries, Saudi Arabia (+X% per year) recorded the highest rates of growth with regard to exports, over the last decade, while the other leaders experienced a decline in the exports figures.

Export Prices by Country

The copper ore export price in Middle East stood at $X per ton in 2017, growing by X% against the previous year. The copper ore export price continues to indicate a measured reduction. The most prominent rate of growth was recorded in 2011, when the export prices increased by X% y-o-y. Over the period under review, the export prices for copper ores and concentrates attained its peak figure level of $X per ton in 2008; however, from 2009 to 2017, it stood at a somewhat lower level.

Average export prices varied somewhat amongst the major exporting countries. In 2017, major exporting countries recorded the following export prices: in Oman ($X per ton) and Iran ($X per ton), while Turkey ($X per ton) and Saudi Arabia ($X per ton) were amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Saudi Arabia (-X% per year), while the other leaders experienced a decline in the export price figures.

Copper Ore Imports

Imports in the Middle East

In 2017, the amount of copper ores and concentrates imported in Middle East stood at X tons, growing by X% against the previous year. The copper ore imports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2017, when imports increased by X% against the previous year. In that year, the copper ore imports reached their peak volume, and are likely to continue its growth in the immediate term.

In value terms, copper ore imports stood at $X in 2017. The total imports indicated a tangible 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 imports increased by +X% against 2012 indices. In that year, the copper ore imports reached their peak level, and are likely to continue its growth in the immediate term.

Imports by Country

Oman (X tons) represented roughly X% of total imports of copper ores and concentrates in 2017.

Oman was also the fastest growing in terms of the copper ores and concentrates imports, with a CAGR of +X% from 2007 to 2017. Oman (-X%) significantly weakened its position in terms of the global imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Oman ($X) constitutes the largest market for imported copper ores and concentrates in Middle East.

From 2007 to 2017, the average annual growth rate of value in Oman amounted to +X%.

Import Prices by Country

The copper ore import price in Middle East stood at $X per ton in 2017, coming down by -X% against the previous year. The copper ore import price continues to indicate an abrupt decline. The growth pace was the most rapid in 2012, when it surged by X% year-to-year. The level of import price peaked of $X per ton in 2007; however, from 2008 to 2017, it failed to regain its momentum.

As there is only one major export destination, the average price level is determined by import prices for Oman.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Oman (-X% per year).

Source: IndexBox Platform

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