Report Update Nov 1, 2024

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

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Russian Federation: Copper Matte Market 2024

Copper Matte Market Size in the Russian Federation

In 2022, the Russian copper matte market decreased by -1.5% to $X, falling for the second year in a row after two years of growth. In general, consumption enjoyed a significant expansion. Copper matte consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Copper Matte Exports

Exports from the Russian Federation

In 2022, after three years of decline, there was significant growth in overseas shipments of copper mattes and cement copper, when their volume increased by 434% to X tons. Over the period under review, exports saw a significant expansion. The pace of growth was the most pronounced in 2017 when exports increased by 13,539% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, copper matte exports soared to $X in 2022. In general, exports enjoyed a significant increase. The pace of growth was the most pronounced in 2017 with an increase of 20,491% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Kazakhstan (X tons) was the main destination for copper matte exports from Russia, accounting for a 82% share of total exports. Moreover, copper matte exports to Kazakhstan exceeded the volume sent to the second major destination, Finland (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Kazakhstan totaled +26.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (0.0% per year) and the Netherlands (+92.5% per year).

In value terms, Kazakhstan ($X) remains the key foreign market for copper mattes and cement copper exports from Russia, comprising 88% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 4.7% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Kazakhstan totaled +29.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+152.7% per year) and Finland (0.0% per year).

Export Prices by Country

The average copper matte export price stood at $X per ton in 2022, falling by -53.3% against the previous year. In general, the export price, however, posted mild growth. The pace of growth appeared the most rapid in 2021 an increase of 122%. As a result, the export price attained the peak level of $X per ton, and then shrank dramatically in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Finland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+31.3%), while the prices for the other major destinations experienced more modest paces of growth.

Copper Matte Imports

Imports into the Russian Federation

In 2022, approx. X tons of copper mattes and cement copper were imported into Russia; picking up by 5.7% compared with 2021. Overall, imports recorded significant growth. The most prominent rate of growth was recorded in 2017 with an increase of 352% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, copper matte imports fell to $X in 2022. In general, imports recorded a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 208% against the previous year. Imports peaked at $X in 2021, and then dropped in the following year.

Imports by Country

Chile (X tons) and Finland (X tons) were the main suppliers of copper matte imports to Russia.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Chile (with a CAGR of +28.4%).

In value terms, Finland ($X) constituted the largest supplier of copper mattes and cement copper to Russia, comprising 82% of total imports. The second position in the ranking was taken by Chile ($X), with an 18% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Finland totaled +18.4%.

Import Prices by Country

In 2022, the average copper matte import price amounted to $X per ton, shrinking by -10.2% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 59% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2021, and then fell in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Finland ($X per ton), while the price for Chile totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iran (+35.8%), while the prices for the other major suppliers experienced mixed trend patterns.

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, comprising approx. 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 Russian Federation?

In value terms, Finland constituted the largest supplier of copper matte to Russia, comprising 75% of total imports. The second position in the ranking was occupied by Chile, with a 25% share of total imports.

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

The average copper matte export price stood at $6,069 per ton in 2021, with an increase of 20% against the previous year.

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

The average copper matte import price stood at $5,551 per ton in 2021, increasing by 49% against the previous year.

This report provides an in-depth analysis of the copper matte market in the Russian Federation. 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:

Russia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the Russian Federation
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
Find deeper insights into current market developments
Discover vital success factors affecting the market

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
How to outsource production to other countries
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 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
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 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
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, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023