Italy: Market for Precious Metal Ores And Concentrates 2024

Market Size for Precious Metal Ores And Concentrates in Italy

The Italian market for precious metal ores and concentrates was estimated at $X in 2022, surging by 1.6% against the previous year. Overall, consumption recorded a resilient increase. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Production of Precious Metal Ores And Concentrates in Italy

In value terms, precious metal ore and concentrate production totaled $X in 2022 estimated in export price. In general, production continues to indicate a strong expansion. The most prominent rate of growth was recorded in 2016 with an increase of 90% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

Exports of Precious Metal Ores And Concentrates

Exports from Italy

In 2022, approx. X tons of precious metal ores and concentrates were exported from Italy; with an increase of 2,146% on the year before. Overall, exports, however, saw a deep reduction. Over the period under review, the exports reached the maximum at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, precious metal ore and concentrate exports soared to $X in 2022. Over the period under review, exports enjoyed a modest increase. The pace of growth was the most pronounced in 2014 when exports increased by 1,360%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for precious metal ore and concentrate exports from Italy, accounting for a 63% share of total exports. Moreover, precious metal ore and concentrate exports to the United Arab Emirates exceeded the volume sent to the second major destination, Qatar (X tons), fourfold. Afghanistan (X tons) ranked third in terms of total exports with a 14% share.

From 2012 to 2022, the average annual growth rate of volume to the United Arab Emirates totaled +43.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (0.0% per year) and Afghanistan (0.0% per year).

In value terms, the largest markets for precious metal ore and concentrate exported from Italy were the United Arab Emirates ($X), Romania ($X) and Afghanistan ($X), with a combined 72% share of total exports.

The United Arab Emirates, with a CAGR of +21.3%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for precious metal ores and concentrates stood at $X per ton in 2022, reducing by -40.1% against the previous year. Over the period under review, the export price, however, posted buoyant growth. The most prominent rate of growth was recorded in 2015 when the average export price increased by 983% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2016 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to the United Arab Emirates ($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 Poland (+54.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Precious Metal Ores And Concentrates

Imports into Italy

In 2022, approx. X tons of precious metal ores and concentrates were imported into Italy; which is down by -95.1% compared with the previous year. Overall, imports recorded a abrupt slump. The most prominent rate of growth was recorded in 2019 with an increase of 914% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, precious metal ore and concentrate imports declined notably to $X in 2022. In general, imports faced a drastic downturn. The most prominent rate of growth was recorded in 2016 when imports increased by 9,208%. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest precious metal ore and concentrate supplier to Italy, with a 82% share of total imports. Moreover, precious metal ore and concentrate imports from China exceeded the figures recorded by the second-largest supplier, Germany (X kg), sixfold. The third position in this ranking was taken by France (X kg), with a 1.9% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +1,610.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+15.1% per year) and France (+57.0% per year).

In value terms, the largest precious metal ore and concentrate suppliers to Italy were China ($X), Germany ($X) and the United States ($X), together accounting for 92% of total imports.

In terms of the main suppliers, China, with a CAGR of +183.1%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for precious metal ores and concentrates amounted to $X per ton, with a decrease of -75.2% against the previous year. Overall, the import price, however, saw a tangible increase. The most prominent rate of growth was recorded in 2016 when the average import price increased by 1,668%. As a result, import price reached the peak level of $X per ton. From 2017 to 2022, the average import prices remained at a lower figure.

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 the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malta (+48.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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