Argentina: Market for Precious Metal Ores And Concentrates 2025

Market Size for Precious Metal Ores And Concentrates in Argentina

The Argentinian market for precious metal ores and concentrates soared to $X in 2022, increasing by 29% against the previous year. In general, consumption showed a resilient expansion. Precious metal ore and concentrate consumption peaked in 2022 and is expected to retain growth in years to come.

Production of Precious Metal Ores And Concentrates in Argentina

In value terms, precious metal ore and concentrate production rose modestly to $X in 2022 estimated in export price. Overall, the total production indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -2.7% against 2020 indices. The pace of growth appeared the most rapid in 2016 when the production volume increased by 62%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Precious Metal Ores And Concentrates

Exports from Argentina

In 2022, exports of precious metal ores and concentrates from Argentina shrank rapidly to X tons, with a decrease of -49.4% on 2021 figures. In general, exports continue to indicate a deep setback. The pace of growth was the most pronounced in 2014 with an increase of 208%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, precious metal ore and concentrate exports dropped remarkably to $X in 2022. Over the period under review, exports faced a deep slump. The pace of growth was the most pronounced in 2019 when exports increased by 115%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Belgium (X tons), Germany (X tons) and South Korea (X tons) were the main destinations of precious metal ore and concentrate exports from Argentina, together comprising 50% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belgium (with a CAGR of +24.0%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for precious metal ore and concentrate exported from Argentina were Germany ($X), Belgium ($X) and South Korea ($X), together comprising 47% of total exports.

Belgium, with a CAGR of +11.7%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average export price for precious metal ores and concentrates amounted to $X per ton, shrinking by -17.4% against the previous year. Over the period under review, the export price showed a abrupt downturn. The pace of growth appeared the most rapid in 2020 when the average export price increased by 23% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Canada ($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 Chile (+4.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Precious Metal Ores And Concentrates

Imports into Argentina

Precious metal ore and concentrate imports into Argentina fell sharply to X kg in 2022, waning by -52.5% against the previous year. In general, imports, however, enjoyed buoyant growth. The pace of growth was the most pronounced in 2021 with an increase of 221% against the previous year. As a result, imports attained the peak of X kg, and then plummeted in the following year.

In value terms, precious metal ore and concentrate imports declined sharply to $X in 2022. Overall, imports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 236% against the previous year. As a result, imports attained the peak of $X, and then reduced rapidly in the following year.

Imports by Country

In 2022, Canada (X kg) was the main precious metal ore and concentrate supplier to Argentina, with a approx. 100% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Canada totaled +37.9%.

In value terms, Canada ($X) constituted the largest supplier of precious metal ores and concentrates to Argentina.

From 2012 to 2022, the average annual growth rate of value from Canada stood at +56.9%.

Import Prices by Country

The average import price for precious metal ores and concentrates stood at $X per ton in 2022, with an increase of 3.8% against the previous year. Overall, the import price continues to indicate a tangible increase. The pace of growth was the most pronounced in 2019 when the average import price increased by 65% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in years to come.

As there is only one major supplying country, the average price level is determined by prices for Canada.

From 2012 to 2022, the rate of growth in terms of prices for Canada amounted to +13.8% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :