Brazil: Market for Copper Ores And Concentrates 2024

Market Size for Copper Ores And Concentrates in Brazil

In 2022, the Brazilian copper ores and concentrates market increased by X% to $X for the first time since 2019, thus ending a two-year declining trend. Overall, the total consumption indicated a pronounced expansion from 2012 to 2022: its value 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, consumption decreased by X% against 2019 indices. Copper ores and concentrates consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Production of Copper Ores And Concentrates in Brazil

In value terms, copper ores and concentrates production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. Copper ores and concentrates production peaked at $X in 2020; afterwards, it flattened through to 2022.

Exports of Copper Ores And Concentrates

Exports from Brazil

In 2022, the amount of copper ores and concentrates exported from Brazil reduced to X tons, declining by X% against the previous year. Over the period under review, total exports indicated a temperate 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. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, copper ores and concentrates exports fell significantly to $X in 2022. In general, total exports indicated a buoyant increase from 2012 to 2022: its value 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, exports increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X, and then declined sharply in the following year.

Exports by Country

Germany (X tons), China (X tons) and Spain (X tons) were the main destinations of copper ores and concentrates exports from Brazil, with a combined X% share of total exports. Sweden, Poland, Finland, Bulgaria, Taiwan (Chinese), South Korea, Georgia, Canada and Malaysia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Canada (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), China ($X) and Sweden ($X) were the largest markets for copper ores and concentrates exported from Brazil worldwide, with a combined X% share of total exports. Spain, Poland, Bulgaria, Finland, Taiwan (Chinese), Georgia, South Korea, Malaysia and Canada lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Canada, with a CAGR of X%, saw 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

In 2022, the average copper ores and concentrates export price amounted to $X per ton, with a decrease of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton, and then fell in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Georgia ($X per ton), while the average price for exports to Canada ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper Ores And Concentrates

Imports into Brazil

In 2022, approx. X tons of copper ores and concentrates were imported into Brazil; dropping by X% against 2021 figures. Over the period under review, imports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Over the period under review, imports attained the maximum at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, copper ores and concentrates imports reduced dramatically to $X in 2022. Overall, imports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Chile (X tons) and Peru (X tons) were the main suppliers of copper ores and concentrates imports to Brazil.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Peru (with a CAGR of X%).

In value terms, Chile ($X) and Peru ($X) appeared to be the largest copper ores and concentrates suppliers to Brazil.

In terms of the main suppliers, Peru, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review.

Import Prices by Country

The average copper ores and concentrates import price stood at $X per ton in 2022, surging by X% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Peru ($X per ton), while the price for Chile amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Panama (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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