South-Eastern Asia: Copper Matte Market 2025

Copper Matte Market Size in South-Eastern Asia

In 2022, the Southeast Asian copper matte market decreased by -27.4% to $X, falling for the third year in a row after two years of growth. Over the period under review, consumption recorded a noticeable contraction. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Copper Matte Production in South-Eastern Asia

In value terms, copper matte production totaled $X in 2022 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 40% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Copper Matte Exports

Exports in South-Eastern Asia

In 2022, approx. X tons of copper mattes and cement copper were exported in South-Eastern Asia; stabilizing at 2021. Over the period under review, exports, however, enjoyed a resilient expansion. The growth pace was the most rapid in 2015 with an increase of 64%. Over the period under review, the exports attained the maximum at X tons in 2021, and then fell modestly in the following year.

In value terms, copper matte exports dropped sharply to $X in 2022. Overall, exports, however, recorded a resilient expansion. The growth pace was the most rapid in 2021 when exports increased by 170%. As a result, the exports reached the peak of $X, and then shrank dramatically in the following year.

Exports by Country

Indonesia represented the main exporter of copper mattes and cement copper in South-Eastern Asia, with the volume of exports resulting at X tons, which was near 50% of total exports in 2022. It was distantly followed by Thailand (X tons) and Cambodia (X tons), together mixing up a 39% share of total exports. Malaysia (X tons), Singapore (X tons), Lao People's Democratic Republic (X tons) and Vietnam (X tons) followed a long way behind the leaders.

Indonesia was also the fastest-growing in terms of the copper mattes and cement copper exports, with a CAGR of +208.0% from 2012 to 2022. At the same time, Cambodia (+105.2%), Thailand (+44.3%), Malaysia (+28.4%) and Singapore (+2.0%) displayed positive paces of growth. By contrast, Lao People's Democratic Republic (-9.2%) and Vietnam (-16.1%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Indonesia, Thailand, Cambodia and Malaysia increased by +50, +20, +16 and +2 percentage points, respectively.

In value terms, Cambodia ($X), Indonesia ($X) and Thailand ($X) were the countries with the highest levels of exports in 2022, with a combined 87% share of total exports.

Among the main exporting countries, Indonesia, with a CAGR of +133.5%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2022, reducing by -45.8% against the previous year. Overall, the export price showed a mild downturn. The pace of growth appeared the most rapid in 2021 when the export price increased by 89%. As a result, the export price attained the peak level of $X per ton, and then dropped significantly in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Cambodia ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+17.6%), while the other leaders experienced a decline in the export price figures.

Copper Matte Imports

Imports in South-Eastern Asia

After two years of growth, supplies from abroad of copper mattes and cement copper decreased by -1.9% to X tons in 2022. In general, imports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 147% against the previous year. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, copper matte imports rose remarkably to $X in 2022. Over the period under review, imports, however, saw a resilient expansion. The growth pace was the most rapid in 2016 when imports increased by 255%. The level of import peaked at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The countries with the highest levels of copper matte imports in 2022 were Thailand (X tons) and Cambodia (X tons), together resulting at 99% of total import.

From 2012 to 2022, the biggest increases were recorded for Cambodia (with a CAGR of +71.9%).

In value terms, Cambodia ($X) constitutes the largest market for imported copper mattes and cement copper in South-Eastern Asia, comprising 76% of total imports. The second position in the ranking was taken by Thailand ($X), with an 18% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Cambodia totaled +76.6%.

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2022, increasing by 9.9% against the previous year. Over the period under review, the import price, however, saw a abrupt curtailment. The growth pace was the most rapid in 2016 an increase of 273%. Over the period under review, import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cambodia (+2.7%).

Source: IndexBox Platform

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