Report Update Nov 1, 2024

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

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Belgium: Silver Ore Market 2024

Silver Ore Market Size in Belgium

In 2021, the Belgian silver ore market decreased by -57.8% to $X, falling for the fifth year in a row after three years of growth. Over the period under review, consumption showed a abrupt downturn. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market remained at a lower figure.

Silver Ore Production in Belgium

In value terms, silver ore production rose rapidly to $X in 2021 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the production volume increased by 50% against the previous year. Silver ore production peaked at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Silver Ore Exports

Exports from Belgium

In 2021, overseas shipments of silver ores and concentrates increased by 44,894% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports enjoyed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, silver ore exports skyrocketed to $X in 2021. In general, exports saw a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China (X tons) was the main destination for silver ore exports from Belgium, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to China totaled +58.8%.

From 2012 to 2021, the average annual rate of growth in terms of value to China totaled +68.1%.

Export Prices by Country

In 2021, the average silver ore export price amounted to $X per ton, picking up by 50% against the previous year. Overall, the export price, however, recorded a noticeable slump. The most prominent rate of growth was recorded in 2014 an increase of 77%. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for China amounted to +5.8% per year.

Silver Ore Imports

Imports into Belgium

In 2019, supplies from abroad of silver ores and concentrates decreased by -28% to X tons, falling for the third consecutive year after three years of growth. Over the period under review, imports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2014 with an increase of 518% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2019, imports failed to regain momentum.

In value terms, silver ore imports dropped sharply to $X in 2019. In general, imports showed a pronounced setback. The growth pace was the most rapid in 2014 with an increase of 374%. Imports peaked at $X in 2016; however, from 2017 to 2019, imports remained at a lower figure.

Imports by Country

Australia (X tons), Argentina (X tons) and Peru (X tons) were the main suppliers of silver ore imports to Belgium, with a combined 74% share of total imports. The Netherlands, Portugal, Bolivia, Brazil, Luxembourg and Finland lagged somewhat behind, together accounting for a further 23%.

From 2012 to 2019, the biggest increases were in Portugal (with a CAGR of +176.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Australia ($X) constituted the largest supplier of silver ore to Belgium, comprising 67% of total imports. The second position in the ranking was taken by Bolivia ($X), with a 10% share of total imports. It was followed by Argentina, with a 9.9% share.

From 2012 to 2019, the average annual rate of growth in terms of value from Australia amounted to +4.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Bolivia (+66.6% per year) and Argentina (+59.6% per year).

Import Prices by Country

The average silver ore import price stood at $X per ton in 2019, rising by 10% against the previous year. In general, the import price, however, continues to indicate a abrupt descent. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2019, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was Australia ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was attained by the Netherlands (+1.8%), while the prices for the other major suppliers experienced a decline.

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. 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?

The country with the largest volume of silver ore production was Peru, accounting for 46% of total volume. Moreover, silver ore production in Peru exceeded the figures recorded by the second-largest producer, Russia, threefold. The third position in this ranking was occupied by South Africa, with a 12% share.

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

In value terms, the largest silver ore suppliers to Belgium were Bolivia, Argentina and Peru, with a combined 81% share of total imports. These countries were followed by the Netherlands, Mexico, Honduras and Brazil, which together accounted for a further 11%.

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

The average silver ore export price stood at $6,522 per ton in 2021, rising by 13% against the previous year.

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

The average silver ore import price stood at $7,808 per ton in 2019, surging by 17% against the previous year.

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

Belgium

Data coverage:

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