Report Update Nov 1, 2024

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

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Belarus: Silver Ore Market 2024

Silver Ore Market Size in Belarus

The Belarusian silver ore market soared to $X in 2021, rising by 312% against the previous year. In general, consumption recorded a strong increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Silver Ore Production in Belarus

In value terms, silver ore production dropped to $X in 2021 estimated in export price. Over the period under review, the total production indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +4.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +46.7% against 2012 indices. The most prominent rate of growth was recorded in 2019 when the production volume increased by 21%. Silver ore production peaked at $X in 2020, and then declined in the following year.

Silver Ore Exports

Exports from Belarus

In 2021, the amount of silver ores and concentrates exported from Belarus expanded notably to X kg, picking up by 9.7% compared with the previous year's figure. In general, exports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2019 when exports increased by 136% against the previous year. As a result, the exports reached the peak of X kg. From 2020 to 2021, the growth of the exports remained at a lower figure.

In value terms, silver ore exports skyrocketed to $X in 2021. Overall, exports saw prominent growth. The most prominent rate of growth was recorded in 2019 when exports increased by 200% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

Russia (X kg) was the main destination for silver ore exports from Belarus, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Russia totaled +9.9%.

In value terms, Russia ($X) also remains the key foreign market for silver ore exports from Belarus.

From 2012 to 2021, the average annual growth rate of value to Russia stood at +18.8%.

Export Prices by Country

The average silver ore export price stood at $X per ton in 2021, growing by 14% against the previous year. Overall, the export price continues to indicate a remarkable increase. The pace of growth was the most pronounced in 2019 when the average export price increased by 27% against the previous year. The export price peaked in 2021 and is likely to see steady growth in the near future.

As there is only one major export destination, the average price level is determined by prices for Russia.

From 2012 to 2021, the rate of growth in terms of prices for Russia amounted to +8.1% per year.

Silver Ore Imports

Imports into Belarus

In 2021, purchases abroad of silver ores and concentrates increased by 535% to X kg for the first time since 2018, thus ending a two-year declining trend. In general, imports continue to indicate a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, silver ore imports soared to $X in 2021. Over the period under review, imports recorded significant growth. The most prominent rate of growth was recorded in 2017 with an increase of 1,250% against the previous year. Imports peaked in 2021 and are likely to continue growth in the near future.

Imports by Country

France (X kg) and Spain (X kg) were the main suppliers of silver ore imports to Belarus.

From 2012 to 2021, the biggest increases were in France (with a CAGR of +550.0%).

In value terms, the largest silver ore suppliers to Belarus were Spain ($X) and France ($X).

France, with a CAGR of +299.0%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review.

Import Prices by Country

The average silver ore import price stood at $X per ton in 2021, with a decrease of -35.3% against the previous year. In general, the import price, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2017 when the average import price increased by 112%. The import price peaked at $X per ton in 2020, and then shrank dramatically in the following year.

Prices varied noticeably country of origin: the country with the highest price was Spain ($X per ton), while the price for France totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+28.5%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

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

China constituted the country with the largest volume of silver ore consumption, accounting for 79% of total volume. Moreover, silver ore consumption in China exceeded the figures recorded by the second-largest consumer, Russia, more than tenfold. The third position in this ranking was occupied by Peru, with a 2.9% share.

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

Peru constituted the country with the largest volume of silver ore production, 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 Belarus?

In value terms, Spain $128) and France $102) appeared to be the largest silver ore suppliers to Belarus.

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

In value terms, Russia remains the key foreign market for silver ore exports from Belarus.

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

The average silver ore export price stood at $221,769 per ton in 2021, rising by 16% against the previous year.

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

In 2020, the average silver ore import price amounted to $46,000 per ton, therefore, remained relatively stable against the previous year.

This report provides an in-depth analysis of the silver ore market in Belarus. 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:

Belarus

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Belarus
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