Japan: Market for Copper Ores And Concentrates 2024

Market Size for Copper Ores And Concentrates in Japan

The Japanese copper ores and concentrates market rose markedly to $X in 2022, increasing by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated a mild 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, consumption increased by X% against 2019 indices. Copper ores and concentrates consumption peaked in 2022 and is likely to continue growth in the near future.

Exports of Copper Ores And Concentrates

Exports by Country

Cambodia (X tons), Malaysia (X tons) and Thailand (X tons) were the main destinations of copper ores and concentrates exports from Japan.

From 2012 to 2022, the biggest increases were recorded for Cambodia (with a CAGR of X%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for copper ores and concentrates exported from Japan were Cambodia ($X), Malaysia ($X) and Thailand ($X). Moreover, copper ores and concentrates exports in Cambodia exceeded the figures recorded by the second-largest exporter, Malaysia, twofold.

Malaysia, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average copper ores and concentrates export price stood at less than $X per ton in 2022, approximately equating the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price decreased by X%. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cambodia ($X per ton), while the average price for exports to Thailand ($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 the United States (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper Ores And Concentrates

Imports into Japan

Copper ores and concentrates imports into Japan stood at X tons in 2022, increasing by X% on the previous year. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, imports attained the peak of X tons; afterwards, it flattened through to 2022.

In value terms, copper ores and concentrates imports totaled $X in 2022. Over the period under review, total imports indicated a slight 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, imports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Chile (X tons) constituted the largest copper ores and concentrates supplier to Japan, with a X% share of total imports. Moreover, copper ores and concentrates imports from Chile exceeded the figures recorded by the second-largest supplier, Peru (X tons), threefold. Australia (X tons) ranked third in terms of total imports with a X% share.

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

In value terms, Chile ($X), Australia ($X) and Indonesia ($X) constituted the largest copper ores and concentrates suppliers to Japan, together comprising X% of total imports. Peru, Canada, Papua New Guinea and the United States lagged somewhat behind, together accounting for a further X%.

The United States, with a CAGR of X%, saw the highest growth rate of 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

The average copper ores and concentrates import price stood at $X per ton in 2022, remaining constant against the previous year. Over the period under review, import price indicated a modest expansion 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 an increase of X% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is likely to see gradual growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Australia ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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