Global Refined Copper Market
Market Overview
In 
, after two years of decline, there was significant growth in the global refined copper market, when its value increased by % to $. Overall, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the global market hit record highs at $ in 2011; however, from 2012 to , consumption remained at a lower figure.
In value terms, refined copper production rose to $ in estimated in export price. Overall, production, however, continues to indicate a slight decline. The pace of growth appeared the most rapid in 2010 when the production volume increased by %. Over the period under review, global production attained the maximum level at $ in 2011; however, from 2012 to , production stood at a somewhat lower figure.
The countries with the highest volumes of production in were China ( tons), India ( tons) and Chile ( tons), together comprising % of global production.
From 2007 to, the biggest increases were recorded for Chile (with a CAGR of +%), while production for the other global leaders experienced more modest paces of growth.
, after two years of decline, there was significant growth in the global refined copper market, when its value increased by % to $. Overall, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the global market hit record highs at $ in 2011; however, from 2012 to , consumption remained at a lower figure.In value terms, refined copper production rose to $
in estimated in export price. Overall, production, however, continues to indicate a slight decline. The pace of growth appeared the most rapid in 2010 when the production volume increased by %. Over the period under review, global production attained the maximum level at $ in 2011; however, from 2012 to , production stood at a somewhat lower figure.The countries with the highest volumes of production in
were China ( tons), India ( tons) and Chile ( tons), together comprising % of global production.From 2007 to
, the biggest increases were recorded for Chile (with a CAGR of +%), while production for the other global leaders experienced more modest paces of growth.Consumption
Global refined copper consumption stood at tons in , stabilizing at the previous year's figure. Over the period under review, consumption, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in with an increase of % against the previous year. Global consumption peaked at tons in 2007; however, from 2008 to , consumption failed to regain momentum.
The global refined copper market size reduced slightly to $ in , flattening at 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). Overall, consumption, however, recorded a relatively flat trend pattern. Global consumption peaked at $ in 2011; however, from 2012 to , consumption failed to regain momentum.
tons in , stabilizing at the previous year's figure. Over the period under review, consumption, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in with an increase of % against the previous year. Global consumption peaked at tons in 2007; however, from 2008 to , consumption failed to regain momentum.The global refined copper market size reduced slightly to $
in , flattening at 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). Overall, consumption, however, recorded a relatively flat trend pattern. Global consumption peaked at $ in 2011; however, from 2012 to , consumption failed to regain momentum.Consumption by Country
The country with the largest volume of refined copper consumption was China ( tons), accounting for % of total volume. Moreover, refined copper consumption in China exceeded the figures recorded by the second-largest consumer, India ( tons), twofold. Russia ( tons) ranked third in terms of total consumption with a % share.
In China, refined copper consumption increased at an average annual rate of +% over the period from 2007-. In the other countries, the average annual rates were as follows: India (+% per year) and Russia (-% per year).
In value terms, China ($) led the market, alone. The second position in the ranking was taken by the United States ($). It was followed by Russia.
In China, the refined copper market increased at an average annual rate of +% over the period from 2007-. In the other countries, the average annual rates were as follows: the United States (-% per year) and Russia (-% per year).
From 2007 to, the average annual rate of growth in terms of the refined copper per capita consumption in No country was relatively modest.
tons), accounting for % of total volume. Moreover, refined copper consumption in China exceeded the figures recorded by the second-largest consumer, India ( tons), twofold. Russia ( tons) ranked third in terms of total consumption with a % share.In China, refined copper consumption increased at an average annual rate of +
% over the period from 2007-. In the other countries, the average annual rates were as follows: India (+% per year) and Russia (-% per year).In value terms, China ($
) led the market, alone. The second position in the ranking was taken by the United States ($). It was followed by Russia.In China, the refined copper market increased at an average annual rate of +
% over the period from 2007-. In the other countries, the average annual rates were as follows: the United States (-% per year) and Russia (-% per year).From 2007 to
, the average annual rate of growth in terms of the refined copper per capita consumption in No country was relatively modest.Market Forecast
Driven by rising demand for refined copper worldwide, the market is expected to start an upward consumption trend over the next eight years. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .
In value terms, the market is forecast to increase with an anticipated CAGR of -% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
% for the period from to , which is projected to bring the market volume to tons by the end of .In value terms, the market is forecast to increase with an anticipated CAGR of -
% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
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