Canada: Gold Ore Market 2020

Gold Ore Market Size in Canada

The revenue of the gold ore market in Canada amounted to $X in 2017, growing by X% against the previous year. Overall, gold ore consumption continues to indicate a remarkable increase. The pace of growth was the most pronounced in 2011, with an increase of X% year-to-year. Over the period under review, the gold ore market reached its peak figure level in 2017, and is likely to see steady growth in the near future.

Gold Ore Production in Canada

Gold ore production in Canada totaled X tons in 2017, picking up by X% against the previous year. Overall, gold ore production continues to indicate a strong expansion. The pace of growth was the most pronounced in 2011, when it surged by X% y-o-y. Canada gold ore production peaked in 2017, and is likely to continue its growth in the near future.

Gold Ore Exports from Canada

In 2017, gold ore exports from Canada amounted to X tons, waning by -X% against the previous year. In general, gold ore exports continue to indicate a deep decline. The most prominent rate of growth was recorded in 2014, with an increase of X% year-to-year. Over the period under review, the gold ore exports reached its maximum volume of X tons in 2007; however, from 2008 to 2017, it failed to regain its momentum.

In value terms, gold ore exports stood at $X in 2017. In general, gold ore exports continue to indicate a deep decline. Canada exports peaked of $X in 2011; however, from 2012 to 2017, it failed to regain its momentum.

Gold Ore Exports by Country from Canada

In 2017, Australia (X tons) was the largest exporter for gold ores and concentrates, constituting X% of total exports. It was distantly followed by Russia (X tons), Turkey (X tons) and Tanzania (X tons), together achieving X% share of total exports. The following exporters - Greece (X tons), Ecuador (X tons), Papua New Guinea (X tons), Peru (X tons), Malaysia (X tons) and Spain (X tons) together made up X% of total exports.

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

In Australia, gold ore exports increased 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 Canada

The gold ore export price in Canada stood at $X per kg in 2017, lowering by -X% against the previous year. In general, gold ore export price continues to indicate a moderate contraction. The pace of growth appeared the most rapid in 2013, when it surged by X% y-o-y. In that year, the export prices for gold ores and concentrates reached their peak level of $X per kg. From 2014 to 2017, growth of the export prices for gold ores and concentrates stood at a somewhat lower level.

Export prices varied noticeably by the country of destination; 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 Canada

In 2017, the amount of gold ores and concentrates imported into Canada stood at X tons, jumping by X% against the previous year. In general, gold ore imports continue to indicate a drastic curtailment. The growth pace was the most rapid in 2017, when imports increased by X% year-to-year. Over the period under review, the gold ore imports reached its maximum volume of X tons in 2007; however, from 2008 to 2017, it failed to regain its momentum.

In value terms, gold ore imports stood at $X in 2017. Overall, gold ore imports continue to indicate a drastic decrease. Canada imports peaked of $X in 2007; however, from 2008 to 2017, it failed to regain its momentum.

Gold Ore Imports by Country into Canada

In 2017, South Korea (X tons), distantly followed by China (X tons), the UK (X tons) and Mexico (X tons) were the main importers of gold ores and concentrates, together creating X% of total imports. The Philippines (X tons), Kazakhstan (X tons), Belgium (X tons) and India (X tons) followed a long way behind the leaders.

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

From 2007 to 2017, the average annual rate of growth in terms of value in China stood at +X%. In the other countries, the average annual rates were as follows: the UK (-X% per year) and South Korea (+X% per year).

Gold Ore Import Prices by Country in Canada

In 2017, the gold ore import price in Canada amounted to $X per ton, coming down by -X% against the previous year. Overall, gold ore import price continues to indicate a relatively flat trend pattern. Canada import price peaked of $X per ton in 2007; however, from 2008 to 2017, it failed to regain its momentum.

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