Turkey: Copper Ore Market 2020

Copper Ore Market Size in Turkey

The revenue of the copper ore market in Turkey amounted to $X in 2017, rising by X% against the previous year. Overall, copper ore consumption continues to indicate a perceptible increase. The pace of growth appeared the most rapid in 2011, with an increase of X% year-to-year. In that year, the copper ore market attained their peak level of $X. From 2012 to 2017, growth of the copper ore market failed to regain its momentum.

Copper Ore Production in Turkey

In 2017, approx. X tons of copper ores and concentrates were produced in Turkey; jumping by X% against the previous year. The total output volume increased an average annual rate of +X% over the period from 2007 to 2017; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2014, when it surged by X% against the previous year. Turkey copper ore production peaked in 2017, and is likely to continue its growth in the immediate term.

Copper Ore Exports from Turkey

In 2017, exports of copper ores and concentrates from Turkey stood at X tons, approximately mirroring the previous year. In general, copper ore exports continue to indicate a slight descent. The most prominent rate of growth was recorded in 2010, with an increase of X% y-o-y. Turkey exports peaked of X tons in 2013; however, from 2014 to 2017, it failed to regain its momentum.

In value terms, copper ore exports amounted to $X in 2017. In general, copper ore exports continue to indicate a pronounced reduction. Over the period under review, the copper ore exports attained its peak figure level of $X in 2013; however, from 2014 to 2017, it stood at a somewhat lower level.

Copper Ore Exports by Country from Turkey

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 comprising 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) took the minor share 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) appeared to be the countries with the highest levels of exports in 2017, with a combined X% share of total exports. Indonesia, Canada, Brazil, Spain, Mexico, the U.S., Mongolia, Kazakhstan, Turkey and Namibia lagged somewhat behind, together accounting for a further X%.

Mexico (+X% per year) experienced the highest rates of growth with regard to exports, in terms of 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 Turkey

The copper ore export price in Turkey stood at $X per ton in 2017, increasing by X% against the previous year. Overall, copper ore export price continues to indicate a moderate reduction. The pace of growth appeared the most rapid in 2017, when the export prices increased by X% y-o-y. Over the period under review, the export prices for copper ores and concentrates reached its peak figure level of $X per ton in 2011; however, from 2012 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 Turkey

In 2017, copper ore imports into Turkey stood at X tons, going up by X% against the previous year. Overall, copper ore imports continue to indicate a remarkable growth. The growth pace was the most rapid in 2017, when it surged by X% y-o-y. In that year, the copper ore imports attained their peak volume, and are likely to continue its growth in the immediate term.

In value terms, copper ore imports stood at $X in 2017. In general, copper ore imports continue to indicate a prominent increase. In that year, the copper ore imports reached their peak level, and are likely to continue its growth in the immediate term.

Copper Ore Imports by Country into Turkey

China was the major importing country with an import of about X tons, which accounted for X% of total imports. It was distantly followed by the Philippines (X tons), Japan (X tons) and Spain (X tons), together achieving X% share of total imports. The following importers - South Korea (X tons), India (X tons), Germany (X tons), Bulgaria (X tons), Taiwan, Chinese (X tons) and Zambia (X tons) together made up X% of total imports.

Imports into China increased at an average annual rate of +X% from 2007 to 2017. 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 ($X) constitutes the largest market for imported copper ores and concentrates into Turkey, making up X% of global imports. The second position in the ranking was occupied by Japan ($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. The remaining importing countries recorded the following average annual rates of imports growth: Japan (-X% per year) and India (-X% per year).

Copper Ore Import Prices by Country in Turkey

In 2017, the copper ore import price in Turkey amounted to $X per ton, going up by X% against the previous year. Overall, copper ore import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010, when it surged by X% year-to-year. In that year, the import prices for copper ores and concentrates reached their peak level of $X per ton. From 2011 to 2017, growth of the import prices for copper ores and concentrates 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