Spain: Copper Ore Market 2020

Copper Ore Market Size in Spain

The revenue of the copper ore market in Spain amounted to $X in 2017, waning by -X% against the previous year. Overall, copper ore consumption continues to indicate a deep curtailment. The pace of growth appeared the most rapid in 2010, when market value increased by X% y-o-y. Over the period under review, the copper ore market attained its peak figure level of $X in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

Copper Ore Production in Spain

Copper ore production in Spain amounted to X kg in 2017, leveling off at the previous year. In general, copper ore production continues to indicate a relatively flat trend pattern.

Copper Ore Exports from Spain

In 2017, approx. X tons of copper ores and concentrates were exported from Spain; rising by X% against the previous year. In general, copper ore exports continue to indicate a prominent increase. The growth pace was the most rapid in 2017, when exports increased by X% year-to-year. In that year, the copper ore exports reached their peak volume, and are likely to continue its growth in the immediate term.

In value terms, copper ore exports stood at $X in 2017. Overall, the total exports indicated a remarkable increase from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the copper ore exports increased by +X% against 2015 indices. In that year, the copper ore exports reached their peak level, and are likely to continue its growth in the immediate term.

Copper Ore Exports by Country from Spain

In 2017, Chile (X tons), distantly followed by Peru (X tons), Australia (X tons) and Canada (X tons) represented the largest 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, 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 and Namibia, which together accounted for a further X%.

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

Copper Ore Export Prices by Country in Spain

In 2017, the copper ore export price in Spain amounted to $X per ton, increasing by X% against the previous year. Overall, copper ore export price continues to indicate a deep curtailment. The pace of growth was the most pronounced in 2016, when the export prices increased by X% against the previous year. Over the period under review, the export prices for copper ores and concentrates reached 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 into Spain

Copper ore imports into Spain stood at X tons in 2017, growing by X% against the previous year. Overall, copper ore imports continue to indicate a prominent growth. The pace of growth appeared the most rapid in 2010, when imports increased by X% y-o-y. Spain imports peaked in 2017, and are likely to see steady growth in the near future.

In value terms, copper ore imports amounted to $X in 2017. In general, copper ore imports continue to indicate a remarkable growth. Over the period under review, the copper ore imports reached its peak figure level of $X in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

Copper Ore Imports by Country into Spain

In 2017, China (X tons) was the main importer for copper ores and concentrates, creating X% of total imports. The Philippines (X tons) took 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) took 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 ($X) constitutes the largest market for imported copper ores and concentrates into Spain, making up X% of global imports. The second position in the ranking was occupied by Japan ($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 Spain

The copper ore import price in Spain stood at $X per ton in 2017, jumping by X% against the previous year. In general, copper ore import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2011, when it surged by X% y-o-y. In that year, the import prices for copper ores and concentrates attained their peak level of $X per ton. From 2012 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