Belgium: Gold Ore Market 2020

Gold Ore Market Size in Belgium

The revenue of the gold ore market in Belgium amounted to $X in 2017, going down by -X% against the previous year. Overall, gold ore consumption continues to indicate a remarkable increase. The pace of growth appeared the most rapid in 2010, with an increase of X% against the previous year. In that year, the gold ore market attained their peak level of $X. From 2011 to 2017, growth of the gold ore market stood at a somewhat lower level.

Gold Ore Production in Belgium

In 2017, approx. X kg of gold ores and concentrates were produced in Belgium; leveling off at the previous year. Overall, gold ore production continues to indicate a relatively flat trend pattern.

Gold Ore Exports from Belgium

In 2017, gold ore exports from Belgium amounted to X tons, surging by X% against the previous year. Overall, gold ore exports continue to indicate a pronounced contraction. The pace of growth was the most pronounced in 2011, when it surged by X% year-to-year. Belgium exports peaked of X tons in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

In value terms, gold ore exports totaled $X in 2017. Overall, gold ore exports continue to indicate a pronounced decrease. Belgium exports peaked of $X in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

Gold Ore Exports by Country from Belgium

Australia was the largest exporting country with an export of around X tons, which amounted to X% of total exports. Russia (X tons) took the second position in the ranking, distantly followed by Turkey (X tons) and Tanzania (X tons). All these countries together held near X% share of total exports. Greece (X tons), Ecuador (X tons), Papua New Guinea (X tons), Peru (X tons), Malaysia (X tons) and Spain (X tons) followed a long way behind the leaders.

From 2007 to 2017, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Greece (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, Australia ($X) remains the largest gold ore supplier from Belgium, making up X% of global exports. The second position in the ranking was occupied by Russia ($X), with a X% share of global exports. It was followed by Tanzania, with a X% share.

In Australia, gold ore exports expanded at an average annual rate of +X% over the period from 2007-2017. The remaining exporting countries recorded the following average annual rates of exports growth: Russia (+X% per year) and Tanzania (+X% per year).

Gold Ore Export Prices by Country in Belgium

The gold ore export price in Belgium stood at $X per ton in 2017, coming up by X% against the previous year. Overall, gold ore export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010, when the export prices increased by X% y-o-y. In that year, the export prices for gold ores and concentrates attained their peak level of $X per kg. From 2011 to 2017, growth of the export prices for gold ores and concentrates stood at a somewhat lower level.

There were significant differences in the average export prices amongst the major exporting countries. In 2017, the country with the highest export price was Tanzania ($X per ton), while Greece ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Greece (+X% per year), while the other leaders experienced more modest paces of growth.

Gold Ore Imports into Belgium

In 2017, the amount of gold ores and concentrates imported into Belgium amounted to X tons, coming up by X% against the previous year. In general, gold ore imports continue to indicate a skyrocketing increase. The most prominent rate of growth was recorded in 2016, with an increase of X% against the previous year. Over the period under review, the gold ore imports attained its peak figure volume in 2017, and are likely to see steady growth in the near future.

In value terms, gold ore imports stood at $X in 2017. In general, gold ore imports continue to indicate an outstanding increase. Over the period under review, the gold ore imports attained its maximum level in 2017, and are likely to continue its growth in the immediate term.

Gold Ore Imports by Country into Belgium

In 2017, South Korea (X tons), distantly followed by China (X tons), the UK (X tons) and Mexico (X tons) were the major importers of gold ores and concentrates, together committing X% of total imports. The following importers - the Philippines (X tons), Kazakhstan (X tons), Belgium (X tons) and India (X tons) together made up X% of total imports.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by India (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported gold ores and concentrates into Belgium, making up X% of global imports. The second position in the ranking was occupied by the UK ($X), with a X% share of global imports. It was followed by South Korea, with a X% share.

In China, gold ore imports expanded at an average annual rate of +X% over the period from 2007-2017. The remaining importing countries recorded the following average annual rates of imports growth: the UK (-X% per year) and South Korea (+X% per year).

Gold Ore Import Prices by Country in Belgium

The gold ore import price in Belgium stood at $X per kg in 2017, falling by -X% against the previous year. In general, gold ore import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2011, when the import prices increased by X% y-o-y. In that year, the import prices for gold ores and concentrates reached their peak level of $X per kg. From 2012 to 2017, growth of the import prices for gold ores and concentrates stood at a somewhat lower level.

Import prices varied noticeably by the country of destination; the country with the highest import price was the Philippines ($X per kg), while Mexico ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by the Philippines (+X% per year), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform