Reports
Reports
Sale
The Peru copper market size is expected to grow at a CAGR of 5.2% between 2024 and 2032.
In 2021, Peru secured its position as the world's second-largest copper producer from mines, contributing to 10.5% of the global output. With Peru's mine production reaching 2.2 million metric tons, the global output stood at approximately 21 million metric tons. Moving into 2022, Peru maintains its status as the second-largest copper producer, witnessing a 3% increase in output compared to 2021. Accounting for 11% of global production, Peru's main export destination for copper remains China, with exports rising by 3% in 2022 aiding the copper market in Peru.
Noteworthy producers in Peru's copper industry include Freeport-McMoRan, Grupo Mexico, Glencore, China Minmetals, BHP, and Sumitomo Metal Mining. While Freeport-McMoRan experienced a notable 20% increase in output during 2020-2021, Grupo Mexico saw a decrease of 4%, and Glencore decreased by 5%.
Peru has the world's third-largest copper reserves, with significant deposits found in various regions such as Tacna, Arequipa, Moquegua, and Junin. Active mines like Cerro Verde, Las Bambas, and Toquepala contribute to Peru's standing in the global copper market.
With the increasing demand for electric vehicles and renewable energy technology, the Peru copper market development is further anticipated to witness growth. Private investment in mining projects is expected to reach nearly USD 7 billion over the next four years, despite a projected 4.5% drop in overall private investment in the mining and metals sector.
Peru Copper Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by End-Use
Key players in the copper in Peru mine the raw materials while developing and manufacturing parts and equipment to support the end users.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
Breakup by End-Use |
|
Market Dynamics |
|
Competitive Landscape |
|
Companies Covered |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Market Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Latin America Copper Market Overview
8.1 Key Industry Highlights
8.2 Latin America Copper Historical Market (2018-2023)
8.3 Latin America Copper Market Forecast (2024-2032)
8.4 Latin America Copper Market Share by Country
8.4.1 Brazil
8.4.2 Peru
8.4.3 Argentina
8.4.4 Colombia
8.4.5 Others
9 Peru Copper Market Overview
9.1 Key Industry Highlights
9.2 Peru Copper Historical Market (2018-2023)
9.3 Peru Copper Market Forecast (2024-2032)
10 Peru Copper Market by End-Use
10.1 Automotive and Heavy Equipment
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Electrical and Electronics
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Construction
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Industrial
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Market Dynamics
11.1 SWOT Analysis
11.1.1 Strengths
11.1.2 Weaknesses
11.1.3 Opportunities
11.1.4 Threats
11.2 Porter’s Five Forces Analysis
11.2.1 Supplier’s Power
11.2.2 Buyers Powers
11.2.3 Threat of New Entrants
11.2.4 Degree of Rivalry
11.2.5 Threat of Substitutes
11.3 Key Indicators for Demand
11.4 Key Indicators for Price
12 Value Chain Analysis
13 Trade Data Analysis (HS Code: 7419)
13.1 Major Importing Countries
13.1.1 By Volume
13.1.2 By Value
13.2 Major Exporting Countries
13.2.1 By Volume
13.2.2 By Value
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Compañía Minera Antamina SA
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Sociedad Minera Cerro Verde SAA
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 GRUPO MÉXICO
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 MMG Limited
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Minera Chinalco Perú SA
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Glencore Group
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Latin America Copper Market: Key Industry Highlights, 2018 and 2032
2. Peru Copper Market: Key Industry Highlights, 2018 and 2032
3. Peru Copper Historical Market: Breakup by End Use (USD Million), 2018-2023
4. Peru Copper Market Forecast: Breakup by End Use (USD Million), 2024-2032
5. Major Importing Countries by Volume
6. Major Exporting Countries by Volume
7. Major Importing Countries by Value
8. Major Exporting Countries by Value
9. Peru Copper Market Structure
The copper market is projected to grow at a CAGR of 5.2% between 2024 and 2032.
The copper market is categorised according to its end-use, which includes automotive and heavy equipment, electrical and electronics, construction, industrial and others.
The key market players are Compañía Minera Antamina SA, Sociedad Minera Cerro Verde SAA, GRUPO MÉXICO, MMG Limited, Minera Chinalco Perú SA, Glencore Group, and others.
The market is driven by factors that include increasing manufacturing sector, rapid urbanisation, and global demand for copper, among others.
Chile is the largest producer of copper globally.
Peru ranks among the world's most mineral-rich countries, prominently featuring as a top producer of copper, gold, silver, zinc, and various other commodities.
Leading the most recent exports are copper ore valued at USD 15.3 billion, followed by gold at USD 7.74 billion, refined copper at USD 2.29 billion, animal meal and pellets at USD 1.85 billion, and iron ore at USD 1.78 billion.
Mini Report
Single User License
Five User License
Corporate License
Any Question? Speak With An Analyst
View A Sample
Did You Miss Anything, Ask Now
Right People
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
Right Methodology
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
Right Price
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Right Support
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.