Report Update Nov 1, 2024

Argentina - Silver Ores and Concentrates - Market Analysis, Forecast, Size, Trends and Insights

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Argentina: Silver Ore Market 2024

Silver Ore Market Size in Argentina

The Argentinian silver ore market declined sharply to $X in 2021, reducing by -16.8% against the previous year. In general, consumption, however, saw a remarkable increase. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Silver Ore Production in Argentina

In value terms, silver ore production fell to $X in 2021 estimated in export price. Overall, production showed a pronounced decline. The most prominent rate of growth was recorded in 2020 with an increase of 12%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Silver Ore Exports

Exports from Argentina

In 2021, approx. X tons of silver ores and concentrates were exported from Argentina; surging by 12% against the year before. Overall, exports, however, showed a perceptible slump. The most prominent rate of growth was recorded in 2014 when exports increased by 240% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, silver ore exports skyrocketed to $X in 2021. Over the period under review, exports, however, showed a abrupt decline. The most prominent rate of growth was recorded in 2014 when exports increased by 98%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

South Korea (X tons), Belgium (X tons) and Germany (X tons) were the main destinations of silver ore exports from Argentina, together comprising 78% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belgium (with a CAGR of +34.0%), while the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X) remains the key foreign market for silver ore exports from Argentina, comprising 47% of total exports. The second position in the ranking was taken by Belgium ($X), with an 18% share of total exports. It was followed by Germany, with a 15% share.

From 2012 to 2021, the average annual growth rate of value to South Korea amounted to -2.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+21.9% per year) and Germany (+4.5% per year).

Export Prices by Country

In 2021, the average silver ore export price amounted to $X per ton, surging by 4.2% against the previous year. Overall, the export price, however, recorded a noticeable reduction. The most prominent rate of growth was recorded in 2020 when the average export price increased by 23%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Germany ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Bulgaria (+5.2%), while the prices for the other major destinations experienced a decline.

Silver Ore Imports

Imports into Argentina

In 2021, the amount of silver ores and concentrates imported into Argentina soared to X kg, with an increase of 64% against the previous year. Overall, imports posted a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, silver ore imports expanded sharply to $X in 2021. Over the period under review, imports enjoyed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the UK (X kg) was the main supplier of silver ore to Argentina, with a approx. 100% share of total imports.

From 2018 to 2021, the average annual growth rate of volume from the UK stood at +64.3%.

In value terms, the UK ($X) constituted the largest supplier of silver ore to Argentina.

From 2018 to 2021, the average annual growth rate of value from the UK amounted to +7.0%.

Import Prices by Country

The average silver ore import price stood at $X per ton in 2021, waning by -34.9% against the previous year. Over the period under review, the import price continues to indicate a noticeable decline. The import price peaked at $X per ton in 2020, and then fell markedly in the following year.

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

From 2018 to 2021, the rate of growth in terms of prices for the UK amounted to -34.9% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for silver ores and concentrates in the world?

China remains the largest silver ore consuming country worldwide, comprising approx. 79% of total volume. Moreover, silver ore consumption in China exceeded the figures recorded by the second-largest consumer, Russia, more than tenfold. Peru ranked third in terms of total consumption with a 2.9% share.

What are the largest producers of silver ores and concentrates in the world?

Peru remains the largest silver ore producing country worldwide, comprising approx. 46% of total volume. Moreover, silver ore production in Peru exceeded the figures recorded by the second-largest producer, Russia, threefold. South Africa ranked third in terms of total production with a 12% share.

What are the leading suppliers of silver ores and concentrates to Argentina?

In value terms, the UK constituted the largest supplier of silver ore to Argentina.

What are the leading importers of silver ores and concentrates from Argentina?

In value terms, South Korea remains the key foreign market for silver ore exports from Argentina, comprising 48% of total exports. The second position in the ranking was occupied by Germany, with a 15% share of total exports. It was followed by Belgium, with an 11% share.

What is the average export price for silver ores and concentrates in Argentina?

The average silver ore export price stood at $7,038 per ton in 2021, dropping by -11.6% against the previous year.

What is the average import price for silver ores and concentrates in Argentina?

In 2021, the average silver ore import price amounted to $558,667 per ton, stabilizing at the previous year.

This report provides an in-depth analysis of the silver ore market in Argentina. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 07291410 -

Country coverage:

Argentina

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Argentina
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023