Saudi Arabia: Copper Ore Market 2020

Copper Ore Market Size in Saudi Arabia

The revenue of the copper ore market in Saudi Arabia amounted to $X in 2017, picking up by X% against the previous year. Overall, copper ore consumption continues to indicate a skyrocketing expansion. The most prominent rate of growth was recorded in 2012, when market value increased by X% year-to-year. Saudi Arabia copper ore consumption peaked in 2017, and is likely to see steady growth in the immediate term.

Copper Ore Production in Saudi Arabia

In 2017, the amount of copper ores and concentrates produced in Saudi Arabia amounted to X tons, going up 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 somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2012, when it surged by X% year-to-year. Over the period under review, the copper ore production reached its peak figure volume in 2017, and is expected to retain its growth in the near future.

Copper Ore Exports from Saudi Arabia

In 2017, the amount of copper ores and concentrates exported from Saudi Arabia totaled X tons, jumping by X% against the previous year. Overall, copper ore exports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2013, when exports increased by X% year-to-year. Over the period under review, the copper ore exports attained its peak figure volume in 2017, and are likely to see steady growth in the immediate term.

In value terms, copper ore exports amounted to $X in 2017. In general, copper ore exports continue to indicate a strong increase. Saudi Arabia exports peaked in 2017, and are expected to retain its growth in the near future.

Copper Ore Exports by Country from Saudi Arabia

In 2017, Chile (X tons), distantly followed by Peru (X tons), Australia (X tons) and Canada (X tons) were the key exporters of copper ores and concentrates, together making up 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, Chile ($X), Peru ($X) and Australia ($X) constituted the countries with the highest levels of exports in 2017, together accounting for X% of total exports. These countries were followed by Indonesia, Canada, Brazil, Spain, Mexico, the U.S., Mongolia, Kazakhstan, Namibia and Saudi Arabia, which together accounted for a further X%.

In terms of 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 Saudi Arabia

The copper ore export price in Saudi Arabia stood at $X per ton in 2017, approximately equating the previous year. Overall, copper ore export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2011, when it surged by X% year-to-year. Saudi Arabia export price peaked of $X per ton in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.

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 Saudi Arabia

In 2017, approx. X kg of copper ores and concentrates were imported into Saudi Arabia; waning by -X% against the previous year. In general, copper ore imports continue to indicate a dramatic shrinkage. The most prominent rate of growth was recorded in 2013, when imports increased by X% year-to-year. In that year, the copper ore imports reached their peak volume of X tons. From 2014 to 2017, growth of the copper ore imports failed to regain its momentum.

In value terms, copper ore imports totaled $X in 2017. Overall, copper ore imports continue to indicate a precipitous reduction. In that year, the copper ore imports reached their peak level of $X. From 2014 to 2017, growth of the copper ore imports failed to regain its momentum.

Copper Ore Imports by Country into Saudi Arabia

China represented the key importer of copper ores and concentrates in the world, with the volume of imports resulting at X tons, which was approx. X% of total imports in 2017. The Philippines (X tons) occupied 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 ($X) constitutes the largest market for imported copper ores and concentrates into Saudi Arabia, making up X% of global imports. The second position in the ranking was occupied by Japan ($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. 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 Saudi Arabia

In 2017, the copper ore import price in Saudi Arabia amounted to $X per ton, lowering by -X% against the previous year. Over the period from 2007 to 2017, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2012, when it surged by X% year-to-year. In that year, the import prices for copper ores and concentrates attained their peak level of $X per ton. From 2013 to 2017, growth of the import prices for copper ores and concentrates failed to regain its momentum.

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

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