India: Market for Copper Ores And Concentrates 2024

Market Size for Copper Ores And Concentrates in India

In 2022, the Indian copper ores and concentrates market increased by X% to $X, rising for the third consecutive year after two years of decline. In general, consumption, however, saw a perceptible curtailment. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Production of Copper Ores And Concentrates in India

In value terms, copper ores and concentrates production rose modestly to $X in 2022 estimated in export price. In general, production posted resilient growth. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Copper Ores And Concentrates

Exports from India

In 2022, shipments abroad of copper ores and concentrates decreased by X% to X tons, falling for the third year in a row after four years of growth. Overall, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2016 when exports increased by X,501%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, copper ores and concentrates exports reduced rapidly to $X in 2022. In general, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2016 with an increase of X,644% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons) was the main destination for copper ores and concentrates exports from India, accounting for a X% share of total exports. Moreover, copper ores and concentrates exports to China exceeded the volume sent to the second major destination, South Korea (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to China stood at X%.

In value terms, China ($X) remains the key foreign market for copper ores and concentrates exports from India, comprising X% of total exports. The second position in the ranking was taken by South Korea ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to China totaled X%.

Export Prices by Country

The average copper ores and concentrates export price stood at $X per ton in 2022, reducing by X% against the previous year. In general, the export price showed a noticeable slump. The pace of growth appeared the most rapid in 2019 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to South Korea totaled $X per ton.

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

Imports of Copper Ores And Concentrates

Imports into India

In 2022, supplies from abroad of copper ores and concentrates increased by X% to X tons, rising for the second year in a row after three years of decline. In general, imports, however, continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, copper ores and concentrates imports soared to $X in 2022. Over the period under review, imports, however, recorded a noticeable decrease. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Chile (X tons) constituted the largest supplier of copper ores and concentrates to India, with a X% share of total imports. Moreover, copper ores and concentrates imports from Chile exceeded the figures recorded by the second-largest supplier, Indonesia (X tons), twofold. The third position in this ranking was taken by Australia (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Chile totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (X% per year) and Australia (X% per year).

In value terms, the largest copper ores and concentrates suppliers to India were Chile ($X), Indonesia ($X) and Australia ($X), with a combined X% share of total imports. Peru, Saudi Arabia and Canada lagged somewhat behind, together accounting for a further X%.

Saudi Arabia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average copper ores and concentrates import price amounted to $X per ton, leveling off at the previous year. In general, import price indicated modest growth 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 import price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton, and then contracted slightly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Australia ($X per ton), while the price for Chile ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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