Report Update Nov 1, 2024

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

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Luxembourg: Silver Ore Market 2024

Silver Ore Market Size in Luxembourg

In 2021, after six years of growth, there was significant decline in the Luxembourg silver ore market, when its value decreased by -46.9% to $X. In general, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2020, and then reduced remarkably in the following year.

Silver Ore Production in Luxembourg

In value terms, silver ore production declined dramatically to $X in 2021 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the production volume increased by 6.3%. Silver ore production peaked at $X in 2020, and then fell significantly in the following year.

Silver Ore Exports

Exports from Luxembourg

In 2021, overseas shipments of silver ores and concentrates decreased by -12.7% to X kg, falling for the second year in a row after two years of growth. In general, exports, however, enjoyed a moderate expansion. The pace of growth appeared the most rapid in 2018 when exports increased by 88%. The exports peaked at X kg in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, silver ore exports reduced to $X in 2021. Over the period under review, exports, however, saw prominent growth. The most prominent rate of growth was recorded in 2018 when exports increased by 99% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Belgium (X kg) was the main destination for silver ore exports from Luxembourg, with a approx. 100% share of total exports.

From 2015 to 2021, the average annual growth rate of volume to Belgium totaled +2.3%.

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

From 2015 to 2021, the average annual rate of growth in terms of value to Belgium totaled +8.1%.

Export Prices by Country

The average silver ore export price stood at $X per kg in 2021, remaining stable against the previous year. In general, export price indicated a buoyant expansion from 2015 to 2021: its price increased at an average annual rate of +5.7% over the last six-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, silver ore export price increased by +73.1% against 2016 indices. The pace of growth was the most pronounced in 2020 when the average export price increased by 40% against the previous year. The export price peaked in 2021 and is expected to retain growth in the immediate term.

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

From 2015 to 2021, the rate of growth in terms of prices for Belgium amounted to +5.7% per year.

Silver Ore Imports

Imports into Luxembourg

Silver ore imports into Luxembourg declined markedly to X kg in 2021, falling by -51.9% compared with 2020 figures. Overall, imports showed a deep slump. The growth pace was the most rapid in 2019 when imports increased by 40,160%. As a result, imports attained the peak of X tons. From 2020 to 2021, the growth of imports failed to regain momentum.

In value terms, silver ore imports contracted dramatically to $X in 2021. In general, imports faced a abrupt contraction. The growth pace was the most rapid in 2020 with an increase of 154% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Belgium (X kg) was the main silver ore supplier to Luxembourg, accounting for a approx. 100% share of total imports.

From 2015 to 2021, the average annual rate of growth in terms of volume from Belgium totaled -12.5%.

In value terms, Belgium ($X) constituted the largest supplier of silver ore to Luxembourg.

From 2015 to 2021, the average annual rate of growth in terms of value from Belgium totaled -11.7%.

Import Prices by Country

The average silver ore import price stood at $X per kg in 2021, with a decrease of -24.2% against the previous year. Over the period under review, the import price, however, enjoyed slight growth. The pace of growth appeared the most rapid in 2020 an increase of 56,713%. As a result, import price reached the peak level of $X per kg, and then dropped notably in the following year.

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

From 2015 to 2021, the rate of growth in terms of prices for Belgium amounted to +1.0% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

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

China constituted the country with the largest volume of silver ore consumption, 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, comprising approx. 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 Luxembourg?

In value terms, Belgium constituted the largest supplier of silver ore to Luxembourg.

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

In value terms, Belgium remains the key foreign market for silver ore exports from Luxembourg.

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

In 2021, the average silver ore export price amounted to $53,828 per kg, increasing by 6.2% against the previous year.

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

The average silver ore import price stood at $52,510 per kg in 2021, growing by 8% against the previous year.

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

Luxembourg

Data coverage:

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