Eastern Asia: Market for Copper Ores And Concentrates 2024

Market Size for Copper Ores And Concentrates in Eastern Asia

For the seventh year in a row, the East Asian copper ores and concentrates market recorded growth in sales value, which increased by X% to $X in 2022. In general, consumption continues to indicate a resilient expansion. The level of consumption peaked in 2022 and is expected to retain growth in years to come.

Production of Copper Ores And Concentrates in Eastern Asia

In value terms, copper ores and concentrates production reached $X in 2022 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Copper Ores And Concentrates

Exports in Eastern Asia

In 2022, overseas shipments of copper ores and concentrates decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2016 with an increase of X%. The volume of export peaked at X tons in 2021, and then contracted remarkably in the following year.

In value terms, copper ores and concentrates exports declined rapidly to $X in 2022. In general, exports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2021, and then declined notably in the following year.

Exports by Country

South Korea was the main exporting country with an export of about X tons, which reached X% of total exports. It was distantly followed by Taiwan (Chinese) (X tons), making up a X% share of total exports. Democratic People's Republic of Korea (X tons) took a little share of total exports.

South Korea was also the fastest-growing in terms of the copper ores and concentrates exports, with a CAGR of X% from 2012 to 2022. At the same time, Taiwan (Chinese) (X%) displayed positive paces of growth. By contrast, Democratic People's Republic of Korea (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of South Korea increased by X percentage points.

In value terms, South Korea ($X) emerged as the largest copper ores and concentrates supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in South Korea amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Taiwan (Chinese) (X% per year) and Democratic People's Republic of Korea (X% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2022, stabilizing at the previous year. Export price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, copper ores and concentrates export price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 an increase of X%. As a result, the export price reached the peak level of $X per ton, and then shrank modestly 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 Taiwan (Chinese) ($X per ton), while Democratic People's Republic of Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the other leaders experienced more modest paces of growth.

Imports of Copper Ores And Concentrates

Imports in Eastern Asia

For the eleventh year in a row, Eastern Asia recorded growth in supplies from abroad of copper ores and concentrates, which increased by X% to X tons in 2022. Total imports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2012 indices. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, copper ores and concentrates imports stood at $X in 2022. Over the period under review, imports saw a remarkable increase. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, China (X tons) was the major importer of copper ores and concentrates, comprising X% of total imports. Japan (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by South Korea (X%). Taiwan (Chinese) (X tons) followed a long way behind the leaders.

Imports into China increased at an average annual rate of X% from 2012 to 2022. At the same time, Taiwan (Chinese) (X%) and South Korea (X%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of X% from 2012-2022. Japan experienced a relatively flat trend pattern. While the share of China (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of South Korea (X p.p.) and Japan (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported copper ores and concentrates in Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by Japan ($X), with an X% share of total imports. It was followed by South Korea, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Japan (X% per year) and South Korea (X% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2022, dropping by X% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton, and then fell in the following year.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in South Korea ($X per ton) and Japan ($X per ton), while China ($X per ton) and Taiwan (Chinese) ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :