France: Market for Precious Metal Ores And Concentrates 2024

Market Size for Precious Metal Ores And Concentrates in France

The French market for precious metal ores and concentrates amounted to $X in 2022, standing approx. at the previous year. Overall, the total consumption indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -0.5% against 2020 indices. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Precious Metal Ores And Concentrates in France

In value terms, precious metal ore and concentrate production contracted slightly to $X in 2022 estimated in export price. In general, production, however, recorded a deep contraction. The pace of growth was the most pronounced in 2014 with an increase of 11%. Precious metal ore and concentrate production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Precious Metal Ores And Concentrates

Exports from France

In 2022, overseas shipments of precious metal ores and concentrates decreased by -51.2% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, exports showed a deep reduction. The pace of growth was the most pronounced in 2013 with an increase of 79%. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, precious metal ore and concentrate exports rose notably to $X in 2022. Over the period under review, exports, however, enjoyed strong growth. The growth pace was the most rapid in 2013 when exports increased by 276%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Switzerland (X tons), Belgium (X tons) and Brazil (X tons) were the main destinations of precious metal ore and concentrate exports from France, with a combined 87% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Brazil (with a CAGR of +32,450.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for precious metal ore and concentrate exported from France were Belgium ($X), Switzerland ($X) and the United States ($X), with a combined 97% share of total exports. The Netherlands, Brazil and Germany lagged somewhat behind, together comprising a further 2.6%.

Among the main countries of destination, Brazil, with a CAGR of +34,816.7%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for precious metal ores and concentrates amounted to $X per ton, jumping by 125% against the previous year. In general, the export price enjoyed strong growth. The pace of growth appeared the most rapid in 2014 when the average export price increased by 126% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+7.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Precious Metal Ores And Concentrates

Imports into France

In 2022, precious metal ore and concentrate imports into France fell notably to X tons, declining by -38% compared with 2021. In general, imports, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2013 with an increase of 432%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, precious metal ore and concentrate imports contracted remarkably to $X in 2022. Over the period under review, imports, however, recorded a resilient expansion. The pace of growth appeared the most rapid in 2013 when imports increased by 526%. Imports peaked at $X in 2021, and then shrank rapidly in the following year.

Imports by Country

The Netherlands (X tons), Germany (X tons) and Spain (X tons) were the main suppliers of precious metal ore and concentrate imports to France, together accounting for 99% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +68.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest precious metal ore and concentrate suppliers to France were the Netherlands ($X), Germany ($X) and Spain ($X), with a combined 99% share of total imports.

The Netherlands, with a CAGR of +48.5%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average import price for precious metal ores and concentrates stood at $X per ton in 2022, dropping by -20.7% against the previous year. Overall, the import price, however, recorded a temperate expansion. The pace of growth appeared the most rapid in 2021 an increase of 552%. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+106.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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