Philippines: Copper Ore Market 2020

Copper Ore Market Size in the Philippines

The revenue of the copper ore market in the Philippines amounted to $X in 2017, increasing by X% against the previous year. Overall, copper ore consumption continues to indicate an abrupt curtailment. The most prominent rate of growth was recorded in 2016, when it surged by X% year-to-year. The Philippines copper ore consumption peaked of $X in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

Copper Ore Production in the Philippines

Copper ore production in the Philippines totaled X tons in 2017, increasing by X% against the previous year. The total output volume increased an average annual rate of +X% from 2007 to 2017; the trend pattern remained consistent, with only minor 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. The Philippines copper ore production peaked in 2017, and is expected to retain its growth in the immediate term.

Copper Ore Exports in the Philippines

In 2017, approx. X tons of copper ores and concentrates were exported from the Philippines; lowering by -X% against the previous year. Overall, copper ore exports continue to indicate a strong increase. The pace of growth was the most pronounced in 2010, when it surged by X% y-o-y. The Philippines exports peaked of X tons in 2016, and then declined slightly in the following year.

In value terms, copper ore exports stood at $X in 2017. Overall, copper ore exports continue to indicate a strong increase. Over the period under review, the copper ore exports attained its peak figure level of $X in 2016, and then declined slightly in the following year.

Copper Ore Exports by Country in the Philippines

In 2017, Chile (X tons), distantly followed by Peru (X tons), Australia (X tons) and Canada (X tons) represented the major exporters of copper ores and concentrates, together comprising X% of total exports. The following exporters - 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) together made up X% 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), together comprising X% of total exports. These countries were followed by Indonesia, Canada, Brazil, Spain, Mexico, the U.S., Mongolia, Kazakhstan, the Philippines and Namibia, which together accounted for a further X%.

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

Copper Ore Export Prices by Country in the Philippines

In 2017, the copper ore export price in the Philippines amounted to $X per ton, increasing by X% against the previous year. Overall, copper ore export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011, an increase of X% y-o-y. Over the period under review, the export 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.

Export prices varied noticeably by the country of destination; 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 in the Philippines

In 2017, the amount of copper ores and concentrates imported into the Philippines totaled X tons, lowering by -X% against the previous year. In general, copper ore imports continue to indicate an outstanding expansion. The growth pace was the most rapid in 2009, when it surged by X% against the previous year. The Philippines imports peaked of X tons in 2016, and then declined slightly in the following year.

In value terms, copper ore imports totaled $X in 2017. Overall, copper ore imports continue to indicate a strong increase. Over the period under review, the copper ore imports attained its peak figure level in 2017, and are expected to retain its growth in the immediate term.

Copper Ore Imports by Country in the Philippines

In 2017, China (X tons) represented the main importer for copper ores and concentrates, comprising X% of total imports. The Philippines (X tons) ranks second in terms of the global imports with a X% share, 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) occupied the mild share of total imports.

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. While the share of India (X%) increased significantly in terms of the global imports from 2007-2017, the share of Taiwan, Chinese (-X%), Zambia (-X%), Spain (-X%), the Philippines (-X%) and China (-X%) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported copper ores and concentrates into the Philippines, making up X% of global imports. The second position in the ranking was occupied by Japan ($X), with a X% share of global imports. It was followed by India, with a X% share.

From 2007 to 2017, the average annual rate of growth in terms of value in China amounted to +X%. In the other countries, the average annual rates were as follows: Japan (-X% per year) and India (-X% per year).

Copper Ore Import Prices by Country in the Philippines

In 2017, the copper ore import price in the Philippines amounted to $X per ton, increasing by X% against the previous year. Overall, copper ore import price continues to indicate an abrupt setback. The pace of growth appeared the most rapid in 2017, an increase of X% y-o-y. Over the period under review, the import prices for copper ores and concentrates attained its peak figure 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 India ($X per ton), while Taiwan, Chinese ($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