Report Update Nov 1, 2024

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

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Hong Kong SAR, China: Silver Ore Market 2024

Silver Ore Market Size in Hong Kong SAR, China

The Hong Kong silver ore market surged to $X in 2021, growing by 81% against the previous year. Overall, consumption enjoyed a buoyant increase. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Silver Ore Production in Hong Kong SAR, China

In value terms, silver ore production totaled $X in 2021 estimated in export price. In general, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of 14%. Silver ore production peaked at $X in 2016; however, from 2017 to 2021, production failed to regain momentum.

Silver Ore Exports

Exports from Hong Kong SAR, China

After three years of growth, overseas shipments of silver ores and concentrates decreased by -65.6% to X tons in 2021. Overall, exports, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2016 with an increase of 3,483% against the previous year. The exports peaked at X tons in 2020, and then fell remarkably in the following year.

In value terms, silver ore exports contracted markedly to $X in 2021. Over the period under review, exports, however, showed prominent growth. The pace of growth appeared the most rapid in 2016 with an increase of 8,293%. Over the period under review, the exports hit record highs at $X in 2020, and then dropped dramatically in the following year.

Exports by Country

China (X tons) was the main destination for silver ore exports from Hong Kong SAR, accounting for a 98% share of total exports. It was followed by Malaysia (X tons), with a 1.5% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to China stood at +48.6%.

In value terms, China ($X) remains the key foreign market for silver ore exports from Hong Kong SAR, comprising 99% of total exports. The second position in the ranking was taken by Malaysia ($X), with a 1.4% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to China stood at +23.0%.

Export Prices by Country

In 2021, the average silver ore export price amounted to $X per ton, increasing by 40% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 174% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2021, the country with the highest price was China ($X per ton), while the average price for exports to Malaysia amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+9.2%).

Silver Ore Imports

Imports into Hong Kong SAR, China

In 2021, purchases abroad of silver ores and concentrates increased by 49% to X tons, rising for the fourth consecutive year after three years of decline. Overall, imports showed a prominent increase. The most prominent rate of growth was recorded in 2019 when imports increased by 473% against the previous year. Over the period under review, imports reached the maximum at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, silver ore imports dropped rapidly to $X in 2021. Over the period under review, imports enjoyed a strong increase. The most prominent rate of growth was recorded in 2019 when imports increased by 626% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest silver ore supplier to Hong Kong SAR, accounting for a 89% share of total imports. Moreover, silver ore imports from China exceeded the figures recorded by the second-largest supplier, Mexico (X tons), ninefold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +10.3%.

In value terms, the largest silver ore suppliers to Hong Kong SAR were Mexico ($X) and China ($X).

Mexico, with a CAGR of +14.9%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review.

Import Prices by Country

In 2021, the average silver ore import price amounted to $X per ton, shrinking by -48.7% against the previous year. In general, the import price, however, saw a measured expansion. The pace of growth appeared the most rapid in 2016 when the average import price increased by 97%. Over the period under review, average import prices hit record highs at $X per ton in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Mexico ($X per ton), while the price for China stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+21.4%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

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

The country with the largest volume of silver ore consumption was China, accounting for 79% of total volume. Moreover, silver ore consumption in China exceeded the figures recorded by the second-largest consumer, Russia, more than tenfold. The third position in this ranking was occupied by Peru, with a 2.9% share.

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

The country with the largest volume of silver ore production was Peru, accounting for 46% of total volume. Moreover, silver ore production in Peru exceeded the figures recorded by the second-largest producer, Russia, threefold. South Africa ranked third in terms of total production with a 12% share.

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

In value terms, China constituted the largest supplier of silver ore to Hong Kong SAR.

What are the leading importers of silver ores and concentrates from Hong Kong SAR, China?

In value terms, China remains the key foreign market for silver ore exports from Hong Kong SAR, comprising 98% of total exports. The second position in the ranking was occupied by Malaysia, with a 1.9% share of total exports.

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

The average silver ore export price stood at $6,786 per ton in 2021, growing by 125% against the previous year.

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

In 2021, the average silver ore import price amounted to $47,301 per ton, rising by 27% against the previous year.

This report provides an in-depth analysis of the silver ore market 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 07291410 -

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
Find deeper insights into current market developments
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