Germany: Market for Precious Metal Ores And Concentrates 2024

Market Size for Precious Metal Ores And Concentrates in Germany

After six years of growth, the German market for precious metal ores and concentrates decreased by -6.9% to $X in 2022. Over the period under review, consumption recorded a prominent increase. Over the period under review, the market attained the maximum level at $X in 2021, and then dropped in the following year.

Exports of Precious Metal Ores And Concentrates

Exports from Germany

In 2022, exports of precious metal ores and concentrates from Germany soared to X tons, jumping by 26% on the year before. In general, exports showed a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 117,207%. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, precious metal ore and concentrate exports expanded notably to $X in 2022. Over the period under review, exports enjoyed significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 132,671%. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Belgium (X tons) was the main destination for precious metal ore and concentrate exports from Germany, accounting for a 90% share of total exports. Moreover, precious metal ore and concentrate exports to Belgium exceeded the volume sent to the second major destination, the United States (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Belgium stood at +21.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+38.9% per year) and the UK (+131.0% per year).

In value terms, Belgium ($X) remains the key foreign market for precious metal ores and concentrates exports from Germany, comprising 96% of total exports. The second position in the ranking was taken by the United States ($X), with a 2.8% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Belgium amounted to +6.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+57.3% per year) and the UK (+131.0% per year).

Export Prices by Country

In 2022, the average export price for precious metal ores and concentrates amounted to $X per ton, reducing by -14% against the previous year. In general, the export price continues to indicate a deep setback. The pace of growth appeared the most rapid in 2021 an increase of 229%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to the UK ($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 United States (+13.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Precious Metal Ores And Concentrates

Imports into Germany

In 2022, approx. X tons of precious metal ores and concentrates were imported into Germany; picking up by 2.8% compared with 2021 figures. Overall, imports showed buoyant growth. The most prominent rate of growth was recorded in 2016 when imports increased by 79% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, precious metal ore and concentrate imports fell to $X in 2022. In general, imports saw a remarkable increase. The most prominent rate of growth was recorded in 2014 with an increase of 51% against the previous year. Over the period under review, imports reached the maximum at $X in 2021, and then contracted in the following year.

Imports by Country

In 2022, South Africa (X tons) constituted the largest precious metal ore and concentrate supplier to Germany, with a 46% share of total imports. Moreover, precious metal ore and concentrate imports from South Africa exceeded the figures recorded by the second-largest supplier, Mexico (X tons), twofold. The third position in this ranking was held by Belgium (X tons), with a 9.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from South Africa totaled +22.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+40.4% per year) and Belgium (+145.4% per year).

In value terms, South Africa ($X) constituted the largest supplier of precious metal ores and concentrates to Germany, comprising 67% of total imports. The second position in the ranking was taken by Canada ($X), with a 12% share of total imports. It was followed by Mexico, with a 5.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from South Africa amounted to +20.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (+46.3% per year) and Mexico (+27.2% per year).

Import Prices by Country

The average import price for precious metal ores and concentrates stood at $X per ton in 2022, with a decrease of -15.6% against the previous year. Over the period under review, the import price showed a mild decline. The most prominent rate of growth was recorded in 2020 an increase of 43% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2021, and then declined sharply in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Canada ($X per ton), while the price for Tanzania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+11.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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