Chile: Gold Ore Market 2020

Gold Ore Market Size in Chile

The revenue of the gold ore market in Chile amounted to $X in 2017, coming down by -X% against the previous year. In general, gold ore consumption continues to indicate a remarkable expansion. The most prominent rate of growth was recorded in 2008, when it surged by X% against the previous year. Chile gold ore consumption peaked of $X in 2016, and then declined slightly in the following year.

Gold Ore Production in Chile

In 2017, the amount of gold ores and concentrates produced in Chile totaled X tons, flattening at the previous year. Overall, gold ore production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008, with an increase of X% against the previous year. Over the period under review, the gold ore production attained its maximum volume in 2017, and is likely to continue its growth in the near future.

Gold Ore Exports from Chile

In 2017, the amount of gold ores and concentrates exported from Chile stood at X tons, going up by X% against the previous year. In general, gold ore exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017, when it surged by X% against the previous year. Chile exports peaked of X tons in 2012; however, from 2013 to 2017, it failed to regain its momentum.

In value terms, gold ore exports totaled $X in 2017. In general, gold ore exports continue to indicate a drastic decrease. Over the period under review, the gold ore exports attained its peak figure level of $X in 2012; however, from 2013 to 2017, it stood at a somewhat lower level.

Gold Ore Exports by Country from Chile

Australia represented the key exporter of gold ores and concentrates in the world, with the volume of exports finishing at X tons, which was near X% of total exports in 2017. Russia (X tons) ranks second in terms of the global exports with a X% share, followed by Turkey (X%) and Tanzania (X%). 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 ($X) remains the largest gold ore supplier from Chile, making up X% of global exports. The second position in the ranking was occupied by Russia ($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. In the other countries, the average annual rates were as follows: Russia (+X% per year) and Tanzania (+X% per year).

Gold Ore Export Prices by Country in Chile

The gold ore export price in Chile stood at $X per ton in 2017, lowering by -X% against the previous year. Overall, gold ore export price continues to indicate a deep curtailment. The pace of growth was the most pronounced in 2011, when the export prices increased by X% y-o-y. In that year, the export prices for gold ores and concentrates reached their peak level of $X per ton. From 2012 to 2017, growth of the export prices for gold ores and concentrates failed to regain its momentum.

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 Chile

Gold ore imports into Chile stood at X tons in 2017, shrinking by -X% against the previous year. In general, gold ore imports continue to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2013, when it surged by X% against the previous year. In that year, the gold ore imports attained their peak volume of X tons. From 2014 to 2017, growth of the gold ore imports failed to regain its momentum.

In value terms, gold ore imports totaled $X in 2017. In general, gold ore imports continue to indicate an abrupt contraction. Over the period under review, the gold ore imports reached its maximum level of $X in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

Gold Ore Imports by Country into Chile

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 making up X% of total imports. The Philippines (X tons), Kazakhstan (X tons), Belgium (X tons) and India (X tons) held the minor share 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 ($X) constitutes the largest market for imported gold ores and concentrates into Chile, making up X% of global imports. The second position in the ranking was occupied by the UK ($X), with a X% share of global imports. It was followed by South Korea, with a X% share.

In China, gold ore imports increased at an average annual rate of +X% over the period from 2007-2017. 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 Chile

The gold ore import price in Chile stood at $X per kg in 2017, therefore, remained relatively stable against the previous year. Overall, gold ore import price continues to indicate a deep downturn. The most prominent rate of growth was recorded in 2016, when it surged by X% y-o-y. Chile import price peaked of $X per kg 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