South Africa: Copper Ore Market 2020

Copper Ore Market Size in South Africa

The revenue of the copper ore market in South Africa amounted to $X in 2017, waning by -X% against the previous year. In general, copper ore consumption continues to indicate an abrupt downturn. The most prominent rate of growth was recorded in 2010, when it surged by X% year-to-year. In that year, the copper ore market reached their peak level of $X. From 2011 to 2017, growth of the copper ore market failed to regain its momentum.

Copper Ore Production in South Africa

In 2017, the amount of copper ores and concentrates produced in South Africa amounted to X tons, approximately reflecting 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 observed throughout the analyzed period. The growth pace was the most rapid in 2013, with an increase of X% year-to-year. South Africa copper ore production peaked in 2017, and is likely to continue its growth in the immediate term.

Copper Ore Exports from South Africa

In 2017, the amount of copper ores and concentrates exported from South Africa stood at X tons, increasing by X% against the previous year. In general, copper ore exports continue to indicate a noticeable setback. The growth pace was the most rapid in 2017, with an increase of X% against the previous year. Over the period under review, the copper ore exports attained its maximum volume of X tons in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

In value terms, copper ore exports totaled $X in 2017. Overall, copper ore exports continue to indicate a measured shrinkage. Over the period under review, the copper ore exports reached its peak figure level of $X in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

Copper Ore Exports by Country from South Africa

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 mixed up X% of total exports. 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) followed a long way behind the leaders.

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), with a combined X% share of total exports. These countries were followed by Indonesia, Canada, Brazil, Spain, Mexico, the U.S., Mongolia, Kazakhstan, Namibia and South Africa, which together accounted for a further X%.

Mexico (+X% per year) experienced the highest rates of growth with regard to 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 South Africa

The copper ore export price in South Africa stood at $X per ton in 2017, increasing by X% against the previous year. Overall, copper ore export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013, when the export prices increased by X% against the previous year. In that year, the export prices for copper ores and concentrates attained their peak level of $X per ton. From 2014 to 2017, growth of the export prices for copper ores and concentrates 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 into South Africa

In 2017, the amount of copper ores and concentrates imported into South Africa totaled X tons, dropping by -X% against the previous year. In general, copper ore imports continue to indicate a drastic contraction. The pace of growth was the most pronounced in 2013, with an increase of X% against the previous year. Over the period under review, the copper ore imports reached its peak figure volume of X tons in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

In value terms, copper ore imports stood at $X in 2017. In general, copper ore imports continue to indicate a drastic decrease. South Africa imports peaked of $X in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

Copper Ore Imports by Country into South Africa

China represented the major importer of copper ores and concentrates in the world, with the volume of imports accounting for X tons, which was near X% of total imports in 2017. 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 weak 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. India (X%) significantly strengthened its position in terms of the global imports, while Taiwan, Chinese, Zambia, Spain, the Philippines and China saw its share reduced by -X%, -X%, -X%, -X% and -X% from 2007 to 2017, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2007 to 2017, the average annual growth rate of value in China stood at +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 South Africa

The copper ore import price in South Africa stood at $X per ton in 2017, remaining stable against the previous year. In general, copper ore import price continues to indicate a mild contraction. The most prominent rate of growth was recorded in 2015, when it surged by X% y-o-y. South Africa import price peaked of $X per ton in 2007; however, from 2008 to 2017, it failed to regain its momentum.

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 ($X per ton), while the Philippines ($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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