Report Update Nov 1, 2024

Kenya - Precious Metal Ores and Concentrates - Market Analysis, Forecast, Size, Trends and Insights

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Kenya: Market for Precious Metal Ores And Concentrates 2024

Market Size for Precious Metal Ores And Concentrates in Kenya

The Kenyan market for precious metal ores and concentrates rose to $X in 2022, growing by 4.8% against the previous year. In general, consumption continues to indicate a strong expansion. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Precious Metal Ores And Concentrates in Kenya

In value terms, precious metal ore and concentrate production expanded to $X in 2022 estimated in export price. In general, production, however, showed a pronounced contraction. The most prominent rate of growth was recorded in 2016 when the production volume increased by 6.8% against the previous year. Precious metal ore and concentrate production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Precious Metal Ores And Concentrates

Exports from Kenya

In 2022, shipments abroad of precious metal ores and concentrates was finally on the rise to reach X tons for the first time since 2014, thus ending a seven-year declining trend. In general, exports showed significant growth. The pace of growth appeared the most rapid in 2014 with an increase of 8,056%. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, precious metal ore and concentrate exports expanded to $X in 2022. Overall, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2014 when exports increased by 2,006%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

China (X tons) and Germany (X tons) were the main destinations of precious metal ore and concentrate exports from Kenya.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +71.0%).

In value terms, the largest markets for precious metal ore and concentrate exported from Kenya were Germany ($X) and China ($X).

In terms of the main countries of destination, China, with a CAGR of +58.2%, recorded the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The average export price for precious metal ores and concentrates stood at $X per ton in 2022, falling by -18.7% against the previous year. In general, the export price saw a abrupt slump. The most prominent rate of growth was recorded in 2016 an increase of 142% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 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 Germany ($X per ton), while the average price for exports to China amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+20.1%).

Imports of Precious Metal Ores And Concentrates

Imports into Kenya

In 2021, after three years of decline, there was significant decline in supplies from abroad of precious metal ores and concentrates, when their volume decreased by -72.6% to X kg. Over the period under review, imports showed a dramatic curtailment. The smallest decline of -54.8% was in 2018. Imports peaked at X kg in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, precious metal ore and concentrate imports fell sharply to $X in 2021. In general, imports recorded a relatively flat trend pattern. Imports peaked at $X in 2020, and then contracted rapidly in the following year.

Imports by Country

In 2021, South Africa (X kg) was the main precious metal ore and concentrate supplier to Kenya, with a approx. 100% share of total imports.

From 2013 to 2021, the average annual growth rate of volume from South Africa was relatively modest.

In value terms, South Africa ($X) constituted the largest supplier of precious metal ores and concentrates to Kenya.

From 2013 to 2021, the average annual rate of growth in terms of value from South Africa was relatively modest.

Import Prices by Country

The average import price for precious metal ores and concentrates stood at $X per ton in 2021, rising by 77% against the previous year. Overall, the import price enjoyed significant growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for South Africa.

From 2013 to 2021, the rate of growth in terms of prices for the United Arab Emirates amounted to -29.8% per year.

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, comprising approx. 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, together comprising 37% 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 Kenya?

In value terms, South Africa constituted the largest supplier of precious metal ore and concentrate to Kenya.

What are the leading importers of precious metal ores and concentrates from Kenya?

In value terms, Germany remains the key foreign market for precious metal ore and concentrate exports from Kenya.

What is the average export price for precious metal ores and concentrates in Kenya?

The average export price for precious metal ores and concentrates stood at $9,798 per ton in 2021, with an increase of 11% against the previous year.

What is the average import price for precious metal ores and concentrates in Kenya?

The average import price for precious metal ores and concentrates stood at $57,135 per ton in 2021, waning by -75% against the previous year.

This report provides an in-depth analysis of the market for precious metal ore and concentrate in Kenya. 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:

Kenya

Data coverage:

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