Report Update Nov 1, 2024

Hong Kong SAR, China - Precious Metal Ores and Concentrates - Market Analysis, Forecast, Size, Trends and Insights

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Hong Kong SAR, China: Market for Precious Metal Ores And Concentrates 2024

Market Size for Precious Metal Ores And Concentrates in Hong Kong SAR, China

The Hong Kong market for precious metal ores and concentrates skyrocketed to $X in 2022, growing by 39% against the previous year. In general, consumption enjoyed prominent growth. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Precious Metal Ores And Concentrates in Hong Kong SAR, China

In value terms, precious metal ore and concentrate production surged to $X in 2022 estimated in export price. Overall, production posted a remarkable increase. The most prominent rate of growth was recorded in 2020 when the production volume increased by 199%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Exports of Precious Metal Ores And Concentrates

Exports from Hong Kong SAR, China

In 2022, shipments abroad of precious metal ores and concentrates decreased by 99.9% to X kg, falling for the second consecutive year after three years of growth. In general, exports saw a significant decline. The most prominent rate of growth was recorded in 2016 when exports increased by 12,304% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, precious metal ore and concentrate exports shrank sharply to $X in 2022. Overall, exports recorded a dramatic decline. The pace of growth was the most pronounced in 2016 when exports increased by 5,537% against the previous year. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X kg) was the main destination for precious metal ore and concentrate exports from Hong Kong SAR, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to -54.0%.

In value terms, the United States ($X) emerged as the key foreign market for precious metal ores and concentrates exports from Hong Kong SAR.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to +15.4%.

Export Prices by Country

The average export price for precious metal ores and concentrates stood at $X per kg in 2022, with an increase of 66,184% against the previous year. In general, the export price continues to indicate a significant increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +151.0% per year.

Imports of Precious Metal Ores And Concentrates

Imports into Hong Kong SAR, China

In 2022, purchases abroad of precious metal ores and concentrates increased by 76% to X tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports continue to indicate resilient growth. The pace of growth was the most pronounced in 2019 when imports increased by 370%. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, precious metal ore and concentrate imports contracted dramatically to $X in 2022. Over the period under review, imports enjoyed a notable increase. The most prominent rate of growth was recorded in 2019 with an increase of 462% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

China (X tons) and Peru (X tons) were the main suppliers of precious metal ore and concentrate imports to Hong Kong SAR.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Peru (with a CAGR of +74.9%).

In value terms, China ($X) and Peru ($X) were the largest precious metal ore and concentrate suppliers to Hong Kong SAR.

In terms of the main suppliers, Peru, with a CAGR of +82.6%, saw the highest growth rate of the value of imports, over the period under review.

Import Prices by Country

In 2022, the average import price for precious metal ores and concentrates amounted to $X per ton, declining by -68.2% against the previous year. Over the period under review, the import price showed a abrupt contraction. The most prominent rate of growth was recorded in 2014 when the average import price increased by 63% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for Peru stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for precious metal ores and concentrates in the world?

China remains the largest precious metal ore and concentrate consuming country worldwide, accounting for 39% of total volume. Moreover, precious metal ore and concentrate consumption in China exceeded the figures recorded by the second-largest consumer, Russia, sevenfold. Peru ranked third in terms of total consumption with a 5.4% share.

What are the largest producers of precious metal ores and concentrates in the world?

The countries with the highest volumes of in 2021 were Australia, Peru and Russia, with a combined 37% share of global production. These countries were followed by Ecuador, Greece, Indonesia, Turkey, Mexico, Brazil, South Africa, Argentina, Chile and Tanzania, which together accounted for a further 34%.

What are the leading suppliers of precious metal ores and concentrates to Hong Kong SAR, China?

In value terms, the Philippines constituted the largest supplier of precious metal ore and concentrate to Hong Kong SAR, comprising 57% of total imports. The second position in the ranking was occupied by the Netherlands, with an 18% share of total imports.

What is the average export price for precious metal ores and concentrates in Hong Kong SAR, China?

The average export price for precious metal ores and concentrates stood at $3,485 per ton in 2021, picking up by 16% against the previous year.

What is the average import price for precious metal ores and concentrates in Hong Kong SAR, China?

The average import price for precious metal ores and concentrates stood at $7,311 per ton in 2021, declining by -63.5% against the previous year.

This report provides an in-depth analysis of the market for precious metal ore and concentrate in Hong Kong SAR, China. 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 07291400 - Precious metal ores and concentrates

Country coverage:

Hong Kong SAR

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Hong Kong SAR, China
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
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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