Report Update Nov 1, 2024

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

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Brazil: Silver Ore Market 2024

Silver Ore Market Size in Brazil

The Brazilian silver ore market dropped slightly to $X in 2021, reducing by -4% against the previous year. Overall, consumption, however, continues to indicate a mild increase. Over the period under review, the market reached the peak level at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Silver Ore Production in Brazil

In value terms, silver ore production stood at $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 with an increase of 45%. As a result, production reached the peak level of $X. From 2016 to 2021, production growth failed to regain momentum.

Silver Ore Exports

Exports from Brazil

In 2021, silver ore exports from Brazil rose to X tons, with an increase of 4.7% compared with 2020 figures. Over the period under review, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 60%. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, silver ore exports skyrocketed to $X in 2021. In general, exports showed a prominent expansion. The growth pace was the most rapid in 2017 with an increase of 244% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Belgium (X tons), South Korea (X tons) and China (X tons) were the main destinations of silver ore exports from Brazil, with a combined 94% share of total exports.

From 2012 to 2021, the biggest increases were in South Korea (with a CAGR of +5.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X) remains the key foreign market for silver ore exports from Brazil, comprising 67% of total exports. The second position in the ranking was taken by China ($X), with a 15% share of total exports. It was followed by Belgium, with a 9.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to South Korea stood at +6.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+26.6% per year) and Belgium (-1.0% per year).

Export Prices by Country

In 2021, the average silver ore export price amounted to $X per ton, growing by 75% against the previous year. Over the period under review, the export price showed a buoyant increase. The pace of growth was the most pronounced in 2017 when the average export price increased by 206% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was South Africa ($X per ton), while the average price for exports to Belgium ($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 China (+44.5%), while the prices for the other major destinations experienced more modest paces of growth.

Silver Ore Imports

Imports into Brazil

In 2021, silver ore imports into Brazil soared to X kg, jumping by 333% compared with 2020. Overall, imports enjoyed significant growth. 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. In general, imports saw notable growth. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

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

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany amounted to +110.1%.

In value terms, Germany ($X) constituted the largest supplier of silver ore to Brazil, comprising 74% of total imports. The second position in the ranking was held by the United States ($X), with a 26% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany stood at +31.9%.

Import Prices by Country

In 2021, the average silver ore import price amounted to $X per ton, shrinking by -44.2% against the previous year. Over the period under review, the import price saw a dramatic downturn. The growth pace was the most rapid in 2016 when the average import price increased by 106% against the previous year. As a result, import price attained the peak level of $X per ton. From 2017 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to +11.2% 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. 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?

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. South Africa ranked third in terms of total production with a 12% share.

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

In value terms, Germany $756) constituted the largest supplier of silver ore to Brazil.

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

In value terms, South Korea, China and Belgium appeared to be the largest markets for silver ore exported from Brazil worldwide, with a combined 97% share of total exports.

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

The average silver ore export price stood at $2,544 per ton in 2021, increasing by 75% against the previous year.

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

The average silver ore import price stood at $7,544 per ton in 2021, which is down by -1.9% against the previous year.

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

Brazil

Data coverage:

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