Report Update Nov 1, 2024

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

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MERCOSUR: Silver Ore Market 2024

Silver Ore Market Size in MERCOSUR

The MERCOSUR silver ore market fell remarkably to $X in 2021, which is down by -65% against the previous year. Overall, consumption saw a dramatic decline. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Silver Ore Production in MERCOSUR

In value terms, silver ore production shrank modestly to $X in 2021 estimated in export price. In general, production continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2020 when the production volume increased by 21% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Silver Ore Exports

Exports in MERCOSUR

In 2021, silver ore exports in MERCOSUR skyrocketed to X tons, increasing by 25% on the year before. Over the period under review, exports saw a prominent increase. The pace of growth was the most pronounced in 2015 when exports increased by 48% against the previous year. The volume of export peaked at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, silver ore exports soared to $X in 2021. In general, exports, however, continue to indicate a mild decrease. The pace of growth appeared the most rapid in 2019 with an increase of 26%. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Peru prevails in exports structure, finishing at X tons, which was near 90% of total exports in 2021. It was distantly followed by Argentina (X tons), committing a 7.5% share of total exports. Chile (X tons) followed a long way behind the leaders.

Peru was also the fastest-growing in terms of the silver ores and concentrates exports, with a CAGR of +15.0% from 2012 to 2021. Chile (-1.8%) and Argentina (-3.7%) illustrated a downward trend over the same period. Peru (+26 p.p.) significantly strengthened its position in terms of the total exports, while Chile and Argentina saw its share reduced by -3.9% and -19% from 2012 to 2021, respectively.

In value terms, Peru ($X) remains the largest silver ore supplier in MERCOSUR, comprising 72% of total exports. The second position in the ranking was held by Argentina ($X), with a 22% share of total exports.

In Peru, silver ore exports expanded at an average annual rate of +2.1% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Argentina (-7.3% per year) and Chile (-8.9% per year).

Export Prices by Country

In 2021, the export price in MERCOSUR amounted to $X per ton, declining by -3.2% against the previous year. Overall, the export price faced a abrupt downturn. The most prominent rate of growth was recorded in 2020 an increase of 19%. Over the period under review, the export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Argentina ($X per ton), while Peru ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Argentina (-3.7%), while the other leaders experienced a decline in the export price figures.

Silver Ore Imports

Imports in MERCOSUR

In 2021, the amount of silver ores and concentrates imported in MERCOSUR dropped sharply to X tons, reducing by -15.4% compared with the previous year. Over the period under review, imports, however, recorded a significant increase. The pace of growth appeared the most rapid in 2014 with an increase of 3,066%. Over the period under review, imports attained the peak figure at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, silver ore imports fell to $X in 2021. In general, imports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 3,013%. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

The purchases of the one major importers of silver ores and concentrates, namely Chile, represented more than two-thirds of total import.

Chile was also the fastest-growing in terms of the silver ores and concentrates imports, with a CAGR of +21.3% from 2012 to 2021. Chile (+3.7 p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Chile ($X) constitutes the largest market for imported silver ores and concentrates in MERCOSUR.

From 2012 to 2021, the average annual rate of growth in terms of value in Chile totaled +27.6%.

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2021, approximately equating the previous year. Overall, the import price posted a temperate expansion. The pace of growth appeared the most rapid in 2020 when the import price increased by 79% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2013; afterwards, it flattened through to 2021.

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

From 2012 to 2021, the rate of growth in terms of prices for Chile amounted to +5.2% per year.

Source: IndexBox Platform

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

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Production in MERCOSUR, split by region and country
Trade (exports and imports) in MERCOSUR
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. CONSUMPTION BY COUNTRY
3. 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
2. PRODUCTION BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
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
11. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- Argentina
- Brazil
- Chile
- Colombia
- Ecuador
- Guyana
- Paraguay
- Peru
- Suriname
- Uruguay
- Venezuela
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, By Country, 2018–2023
5. Production, In Physical Terms, By Country, 2012–2023
6. Imports, In Physical Terms, By Country, 2012–2023
7. Imports, In Value Terms, By Country, 2012–2023
8. Import Prices, By Country Of Destination, 2012–2023
9. Exports, In Physical Terms, By Country, 2012–2023
10. Exports, In Value Terms, By Country, 2012–2023
11. Export Prices, By Country Of Origin, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Consumption, By Country, 2023
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Exports And Growth
12. Export Prices And Growth
13. Market Size And Growth
14. Per Capita Consumption
15. Imports And Growth
16. Import Prices
17. Production, In Physical Terms, 2012–2023
18. Production, In Value Terms, 2012–2023
19. Production, By Country, 2023
20. Production, In Physical Terms, By Country, 2012–2023
21. Imports, In Physical Terms, 2012–2023
22. Imports, In Value Terms, 2012–2023
23. Imports, In Physical Terms, By Country, 2023
24. Imports, In Physical Terms, By Country, 2012–2023
25. Imports, In Value Terms, By Country, 2012–2023
26. Import Prices, By Country, 2012–2023
27. Exports, In Physical Terms, 2012–2023
28. Exports, In Value Terms, 2012–2023
29. Exports, In Physical Terms, By Country, 2023
30. Exports, In Physical Terms, By Country, 2012–2023
31. Exports, In Value Terms, By Country, 2012–2023
32. Export Prices, 2012–2023