The Peru copper market size is expected to grow at a CAGR of 5.20% between 2025 and 2034.
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.
Market Segmentation
Peru Copper Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Market Breakup by End-Use:
Automotive and Heavy Equipment
Electrical and Electronics
Construction
Industrial
Others
Competitive Landscape
Key players in the copper in Peru mine the raw materials while developing and manufacturing parts and equipment to support the end users.
Companía Minera Antamina SA
Sociedad Minera Cerro Verde SAA
GRUPO MEXICO
MMG Limited
Minera Chinalco Perú SA
Glencore Group
Others
- 1 Executive Summary
- 1.1 Market Size 2024-2025
- 1.2 Market Growth 2025(F)-2034(F)
- 1.3 Key Demand Drivers
- 1.4 Key Players and Competitive Structure
- 1.5 Industry Best Practices
- 1.6 Recent Trends and Developments
- 1.7 Industry Outlook
- 2 Market Overview and Stakeholder Insights
- 2.1 Market Trends
- 2.2 Key Verticals
- 2.3 Key Regions
- 2.4 Supplier Power
- 2.5 Buyer Power
- 2.6 Key Market Opportunities and Risks
- 2.7 Key Initiatives by Stakeholders
- 3 Economic Summary
- 3.1 GDP Outlook
- 3.2 GDP Per Capita Growth
- 3.3 Inflation Trends
- 3.4 Democracy Index
- 3.5 Gross Public Debt Ratios
- 3.6 Balance of Payment (BoP) Position
- 3.7 Population Outlook
- 3.8 Urbanisation Trends
- 4 Country Risk Profiles
- 4.1 Country Risk
- 4.2 Business Climate
- 5 Latin America Copper Market Overview
- 5.1 Key Industry Highlights
- 5.2 Latin America Copper Historical Market (2018-2024)
- 5.3 Latin America Copper Market Forecast (2025-2034)
- 5.4 Latin America Copper Market Share by Country
- 5.4.1 Brazil
- 5.4.2 Peru
- 5.4.3 Argentina
- 5.4.4 Colombia
- 5.4.5 Others
- 6 Peru Copper Market Overview
- 6.1 Key Industry Highlights
- 6.2 Peru Copper Historical Market (2018-2024)
- 6.3 Peru Copper Market Forecast (2025-2034)
- 7 Peru Copper Market by End-Use
- 7.1 Automotive and Heavy Equipment
- 7.1.1 Historical Trend (2018-2024)
- 7.1.2 Forecast Trend (2025-2034)
- 7.2 Electrical and Electronics
- 7.2.1 Historical Trend (2018-2024)
- 7.2.2 Forecast Trend (2025-2034)
- 7.3 Construction
- 7.3.1 Historical Trend (2018-2024)
- 7.3.2 Forecast Trend (2025-2034)
- 7.4 Industrial
- 7.4.1 Historical Trend (2018-2024)
- 7.4.2 Forecast Trend (2025-2034)
- 7.5 Others
- 8 Market Dynamics
- 8.1 SWOT Analysis
- 8.1.1 Strengths
- 8.1.2 Weaknesses
- 8.1.3 Opportunities
- 8.1.4 Threats
- 8.2 Porter’s Five Forces Analysis
- 8.2.1 Supplier’s Power
- 8.2.2 Buyers Powers
- 8.2.3 Threat of New Entrants
- 8.2.4 Degree of Rivalry
- 8.2.5 Threat of Substitutes
- 8.3 Key Indicators for Demand
- 8.4 Key Indicators for Price
- 9 Value Chain Analysis
- 10 Trade Data Analysis (HS Code: 7419)
- 10.1 Major Importing Countries
- 10.1.1 By Volume
- 10.1.2 By Value
- 10.2 Major Exporting Countries
- 10.2.1 By Volume
- 10.2.2 By Value
- 11 Price Analysis
- 12 Competitive Landscape
- 12.1 Supplier Selection
- 12.2 Key Global Players
- 12.3 Key Regional Players
- 12.4 Key Player Strategies
- 12.5 Company Profiles
- 12.5.1 Compañía Minera Antamina SA
- 12.5.1.1 Company Overview
- 12.5.1.2 Product Portfolio
- 12.5.1.3 Demographic Reach and Achievements
- 12.5.1.4 Certifications
- 12.5.2 Sociedad Minera Cerro Verde SAA
- 12.5.2.1 Company Overview
- 12.5.2.2 Product Portfolio
- 12.5.2.3 Demographic Reach and Achievements
- 12.5.2.4 Certifications
- 12.5.3 GRUPO MÉXICO
- 12.5.3.1 Company Overview
- 12.5.3.2 Product Portfolio
- 12.5.3.3 Demographic Reach and Achievements
- 12.5.3.4 Certifications
- 12.5.4 MMG Limited
- 12.5.4.1 Company Overview
- 12.5.4.2 Product Portfolio
- 12.5.4.3 Demographic Reach and Achievements
- 12.5.4.4 Certifications
- 12.5.5 Minera Chinalco Perú SA
- 12.5.5.1 Company Overview
- 12.5.5.2 Product Portfolio
- 12.5.5.3 Demographic Reach and Achievements
- 12.5.5.4 Certifications
- 12.5.6 Glencore Group
- 12.5.6.1 Company Overview
- 12.5.6.2 Product Portfolio
- 12.5.6.3 Demographic Reach and Achievements
- 12.5.6.4 Certifications
- 12.5.7 Others
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