Colombia: Copper Ore Market 2020

Copper Ore Market Size in Colombia

The revenue of the copper ore market in Colombia amounted to $X in 2017, shrinking by -X% against the previous year. In general, copper ore consumption continues to indicate a sharp curtailment. The pace of growth was the most pronounced in 2010, when market value increased by X% y-o-y. In that year, the copper ore market reached their peak level of $X. From 2011 to 2017, growth of the copper ore market stood at a somewhat lower level.

Copper Ore Production in Colombia

In 2017, copper ore production in Colombia totaled X tons, therefore, remained relatively stable 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 only minor fluctuations being observed over the period under review. The most prominent rate of growth was recorded in 2008, when it surged by X% against the previous year. Over the period under review, the copper ore production attained its peak figure volume in 2017, and is likely to continue its growth in the immediate term.

Copper Ore Exports from Colombia

Copper ore exports from Colombia amounted to X tons in 2017, picking up by X% against the previous year. Overall, copper ore exports continue to indicate a remarkable growth. The growth pace was the most rapid in 2012, with an increase of X% y-o-y. Over the period under review, the copper ore exports reached its peak figure volume in 2017, and are likely to see steady growth in the near future.

In value terms, copper ore exports totaled $X in 2017. In general, copper ore exports continue to indicate a strong growth. Colombia exports peaked in 2017, and are expected to retain its growth in the immediate term.

Copper Ore Exports by Country from Colombia

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 creating 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) held the weak 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, the largest copper ore markets worldwide were Chile ($X), Peru ($X) and Australia ($X), with a combined X% share of total exports. Indonesia, Canada, Brazil, Spain, Mexico, the U.S., Mongolia, Kazakhstan, Namibia and Colombia lagged somewhat behind, together comprising a further X%.

In terms of the main exporting countries , Mexico (+X% per year) recorded 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 Colombia

In 2017, the copper ore export price in Colombia amounted to $X per ton, coming up 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 2011, when the export prices increased by X% y-o-y. In that year, the export prices for copper ores and concentrates attained their peak level of $X per ton. From 2012 to 2017, growth of the export prices for copper ores and concentrates failed to regain its momentum.

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 Colombia

In 2017, the amount of copper ores and concentrates imported into Colombia totaled X kg, lowering by -X% against the previous year. Overall, copper ore imports continue to indicate a precipitous curtailment. The most prominent rate of growth was recorded in 2013, when imports increased by -X% y-o-y. Colombia imports peaked of X tons in 2007; however, from 2008 to 2017, it failed to regain its momentum.

In value terms, copper ore imports totaled $X in 2017. Overall, copper ore imports continue to indicate a dramatic contraction. In that year, the copper ore imports reached their peak level of $X. From 2015 to 2017, growth of the copper ore imports failed to regain its momentum.

Copper Ore Imports by Country into Colombia

China was the largest importer of copper ores and concentrates in the world, with the volume of imports recording X tons, which was near X% of total imports in 2017. The Philippines (X tons) occupied the second position in the ranking, followed by Japan (X tons) and Spain (X tons). All these countries together occupied approx. X% share of total imports. 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.

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 ($X) constitutes the largest market for imported copper ores and concentrates into Colombia, making up X% of global imports. The second position in the ranking was occupied by Japan ($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 amounted to +X%. 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 Colombia

The copper ore import price in Colombia stood at $X per ton in 2017, declining by -X% against the previous year. In general, copper ore import price continues to indicate a strong growth. The most prominent rate of growth was recorded in 2014, when the import prices increased 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 2015 to 2017, growth of the import prices for copper ores and concentrates stood at a somewhat lower level.

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

Frequently Asked Questions (FAQ) :