Report Update Feb 1, 2025

Philippines - Copper Mattes and Cement Copper - Market Analysis, Forecast, Size, Trends and Insights

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Philippines: Copper Matte Market 2025

Copper Matte Market Size in the Philippines

In 2022, the Philippine copper matte market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. In general, consumption posted prominent growth. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Copper Matte Production in the Philippines

In value terms, copper matte production stood at $X in 2022 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 10% against the previous year. Copper matte production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Copper Matte Exports

Exports from the Philippines

In 2022, exports of copper mattes and cement copper from the Philippines dropped notably to X tons, shrinking by -98% compared with the year before. Overall, exports, however, posted a strong increase. The pace of growth appeared the most rapid in 2021 when exports increased by 2,588% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, copper matte exports reduced remarkably to $X in 2022. Over the period under review, exports, however, saw a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 12,112%. As a result, the exports attained the peak of $X, and then reduced notably in the following year.

Exports by Country

Indonesia (X tons) and South Korea (X tons) were the main destinations of copper matte exports from the Philippines.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Indonesia (with a CAGR of 0.0%).

In value terms, South Korea ($X) emerged as the key foreign market for copper mattes and cement copper exports from the Philippines, comprising 91% of total exports. The second position in the ranking was taken by Indonesia ($X), with a 9.1% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to South Korea amounted to +9.4%.

Export Prices by Country

The average copper matte export price stood at $X per ton in 2022, declining by -77.2% against the previous year. In general, the export price, however, continues to indicate buoyant growth. The growth pace was the most rapid in 2021 when the average export price increased by 354% against the previous year. As a result, the export price attained the peak level of $X per ton, and then fell significantly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to Indonesia totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+35.6%).

Copper Matte Imports

Imports into the Philippines

Copper matte imports into the Philippines shrank significantly to X kg in 2022, which is down by -48.2% compared with the previous year's figure. Overall, imports, however, posted a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 21,700%. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, copper matte imports contracted notably to $X in 2022. Over the period under review, imports, however, recorded a significant expansion. The pace of growth was the most pronounced in 2016 when imports increased by 2,778% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X kg) constituted the largest supplier of copper matte to the Philippines, accounting for a 77% share of total imports. Moreover, copper matte imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X kg), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at -9.8%.

In value terms, China ($X) constituted the largest supplier of copper mattes and cement copper to the Philippines, comprising 52% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 4% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at -9.5%.

Import Prices by Country

In 2022, the average copper matte import price amounted to $X per kg, declining by -60.8% against the previous year. In general, the import price recorded a precipitous contraction. The pace of growth was the most pronounced in 2016 an increase of 1,726% against the previous year. Over the period under review, average import prices reached the maximum at $X per kg in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per kg), while the price for Taiwan (Chinese) totaled $X per kg.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+0.3%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for copper mattes and cement copper in the world?

The countries with the highest volumes of in 2021 were Russia, South Korea and China, with a combined 40% share of global consumption.

What are the largest producers of copper mattes and cement copper in the world?

Iran constituted the country with the largest volume of copper matte production, accounting for 22% of total volume. Moreover, copper matte production in Iran exceeded the figures recorded by the second-largest producer, the Philippines, twofold. Finland ranked third in terms of total production with an 8.2% share.

What are the leading suppliers of copper mattes and cement copper to the Philippines?

In value terms, Mexico constituted the largest supplier of copper matte to the Philippines, comprising 91% of total imports. The second position in the ranking was occupied by South Korea $626), with a 4.8% share of total imports.

What are the leading importers of copper mattes and cement copper from the Philippines?

In value terms, Australia emerged as the key foreign market for copper matte exports from the Philippines, comprising 74% of total exports. The second position in the ranking was occupied by Canada, with a 24% share of total exports. It was followed by Japan, with a 1.2% share.

What is the average export price for copper mattes and cement copper in the Philippines?

The average copper matte export price stood at $1,317 per ton in 2021, reducing by -9.8% against the previous year.

What is the average import price for copper mattes and cement copper in the Philippines?

In 2021, the average copper matte import price amounted to $746 per ton, falling by -13.4% against the previous year.

This report provides an in-depth analysis of the copper matte market in the Philippines. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 24441100 - Copper mattes, cement copper (precipitated copper) (excluding copper powder)

Country coverage:

Philippines

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the Philippines
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
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This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
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How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024