Benelux: Market for Precious Metal Ores And Concentrates 2025

Market Size for Precious Metal Ores And Concentrates in Benelux

The Benelux market for precious metal ores and concentrates rose to $X in 2022, picking up by 2.2% against the previous year. Overall, consumption continues to indicate resilient growth. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Production of Precious Metal Ores And Concentrates in Benelux

In value terms, precious metal ore and concentrate production dropped slightly to $X in 2022 estimated in export price. In general, production, however, showed resilient growth. The pace of growth was the most pronounced in 2016 with an increase of 195% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

Exports of Precious Metal Ores And Concentrates

Exports in Benelux

Precious metal ore and concentrate exports fell notably to X tons in 2022, which is down by -52.9% compared with the previous year's figure. Over the period under review, exports, however, posted significant growth. The pace of growth appeared the most rapid in 2018 with an increase of 183%. The volume of export 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 contracted dramatically to $X in 2022. Overall, exports, however, showed a significant expansion. The growth pace was the most rapid in 2014 with an increase of 298% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then contracted sharply in the following year.

Exports by Country

The Netherlands prevails in exports structure, recording X tons, which was approx. 94% of total exports in 2022. It was distantly followed by Belgium (X tons), creating a 6% share of total exports.

The Netherlands was also the fastest-growing in terms of the precious metal ores and concentrates exports, with a CAGR of +36.3% from 2012 to 2022. Belgium (-2.5%) illustrated a downward trend over the same period. The Netherlands (+60 p.p.) significantly strengthened its position in terms of the total exports, while Belgium saw its share reduced by -56.8% from 2012 to 2022, respectively.

In value terms, the Netherlands ($X) remains the largest precious metal ore and concentrate supplier in Benelux, comprising 93% of total exports. The second position in the ranking was held by Belgium ($X), with a 4.1% share of total exports.

In the Netherlands, precious metal ore and concentrate exports increased at an average annual rate of +37.4% over the period from 2012-2022.

Export Prices by Country

The export price in Benelux stood at $X per ton in 2022, which is down by -20.5% against the previous year. Overall, the export price, however, recorded a measured expansion. The pace of growth appeared the most rapid in 2014 when the export price increased by 97% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the export prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while Belgium totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+3.1%).

Imports of Precious Metal Ores And Concentrates

Imports in Benelux

In 2022, approx. X tons of precious metal ores and concentrates were imported in Benelux; falling by -97.3% compared with the previous year. Overall, imports continue to indicate a dramatic downturn. The pace of growth was the most pronounced in 2015 when imports increased by 3,021,327%. The volume of import peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, precious metal ore and concentrate imports declined notably to $X in 2022. Over the period under review, imports faced a dramatic slump. The most prominent rate of growth was recorded in 2015 when imports increased by 206,818% against the previous year. The level of import peaked at $X in 2021, and then dropped sharply in the following year.

Imports by Country

In 2022, the Netherlands (X tons) represented the largest importer of precious metal ores and concentrates in Benelux, creating 99.9% of total import.

The Netherlands was also the fastest-growing in terms of the precious metal ores and concentrates imports, with a CAGR of +11.9% from 2012 to 2022. From 2012 to 2022, the share of the Netherlands increased by +98 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) constitutes the largest market for imported precious metal ores and concentrates in Benelux.

In the Netherlands, precious metal ore and concentrate imports increased at an average annual rate of +15.9% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in Benelux amounted to $X per ton, rising by 45% against the previous year. Over the period under review, the import price, however, saw a slight descent. The pace of growth appeared the most rapid in 2014 when the import price increased by 265%. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for the Netherlands amounted to +3.6% per year.

Source: IndexBox Platform