Report Update Nov 1, 2024

Indonesia - Silver Ores and Concentrates - Market Analysis, Forecast, Size, Trends and Insights

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Indonesia: Silver Ore Market 2024

Silver Ore Market Size in Indonesia

In 2021, the Indonesian silver ore market was finally on the rise to reach $X after three years of decline. In general, consumption, however, recorded a relatively flat trend pattern. Silver ore consumption peaked at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Silver Ore Production in Indonesia

In value terms, silver ore production declined to $X in 2021 estimated in export price. Overall, production continues to indicate tangible growth. The most prominent rate of growth was recorded in 2015 with an increase of 58% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then declined in the following year.

Silver Ore Exports

Exports from Indonesia

In 2021, overseas shipments of silver ores and concentrates decreased by -72.6% to X tons for the first time since 2017, thus ending a three-year rising trend. Overall, exports, however, posted a resilient expansion. The pace of growth was the most pronounced in 2016 with an increase of 3,129%. The exports peaked at X tons in 2020, and then dropped dramatically in the following year.

In value terms, silver ore exports contracted notably to $X in 2021. Over the period under review, exports, however, posted a significant increase. The pace of growth was the most pronounced in 2019 when exports increased by 425%. The exports peaked at $X in 2020, and then declined dramatically in the following year.

Exports by Country

China (X tons) was the main destination for silver ore exports from Indonesia, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to China amounted to +12.4%.

In value terms, China ($X) also remains the key foreign market for silver ore exports from Indonesia.

From 2012 to 2021, the average annual growth rate of value to China totaled +23.9%.

Export Prices by Country

In 2021, the average silver ore export price amounted to $X per kg, picking up by 14% against the previous year. Overall, the export price recorded a resilient expansion. The growth pace was the most rapid in 2015 an increase of 3,716% against the previous year. As a result, the export price attained the peak level of $X per kg. From 2016 to 2021, the average export prices failed to regain momentum.

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

From 2012 to 2021, the rate of growth in terms of prices for China amounted to +10.3% per year.

Silver Ore Imports

Imports into Indonesia

In 2021, approx. X tons of silver ores and concentrates were imported into Indonesia; reducing by -6.2% against 2020 figures. Over the period under review, imports, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2017 with an increase of 6,162%. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports failed to regain momentum.

In value terms, silver ore imports shrank dramatically to $X in 2021. Overall, imports, however, posted a buoyant increase. The pace of growth was the most pronounced in 2017 with an increase of 10,561% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Romania (X tons) constituted the largest supplier of silver ore to Indonesia, with a 73% share of total imports. Moreover, silver ore imports from Romania exceeded the figures recorded by the second-largest supplier, Singapore (X kg), threefold.

From 2012 to 2021, the average annual growth rate of volume from Romania stood at +1,187.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+2.9% per year) and Australia (-21.4% per year).

In value terms, Romania ($X), Singapore ($X) and Australia ($X) constituted the largest silver ore suppliers to Indonesia, together accounting for 98% of total imports.

Romania, with a CAGR of +1,460.4%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average silver ore import price amounted to $X per ton, falling by -22.4% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average import price increased by 137% against the previous year. As a result, import price reached the peak level of $X per ton. From 2020 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Singapore ($X per ton), while the price for Australia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+7,001.2%), 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 silver ores and concentrates in the world?

China remains the largest silver ore consuming country worldwide, comprising approx. 79% of total volume. Moreover, silver ore consumption in China exceeded the figures recorded by the second-largest consumer, Russia, more than tenfold. Peru ranked third in terms of total consumption with a 2.9% share.

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

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

What are the leading suppliers of silver ores and concentrates to Indonesia?

In value terms, Thailand constituted the largest supplier of silver ore to Indonesia, comprising 79% of total imports. The second position in the ranking was occupied by Singapore, with a 20% share of total imports.

What are the leading importers of silver ores and concentrates from Indonesia?

In value terms, China remains the key foreign market for silver ore exports from Indonesia.

What is the average export price for silver ores and concentrates in Indonesia?

The average silver ore export price stood at $227 per kg in 2021, waning by -6.8% against the previous year.

What is the average import price for silver ores and concentrates in Indonesia?

In 2021, the average silver ore import price amounted to $5,402 per ton, surging by 2,654% against the previous year.

This report provides an in-depth analysis of the silver ore market in Indonesia. 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:

Indonesia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Indonesia
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