Report Update Nov 1, 2024

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

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Mexico: Market for Precious Metal Ores And Concentrates 2024

Market Size for Precious Metal Ores And Concentrates in Mexico

In 2022, the Mexican market for precious metal ores and concentrates increased by 11% to $X, rising for the fourth consecutive year after two years of decline. Over the period under review, consumption posted a slight expansion. Over the period under review, the market attained the maximum level in 2022 and is likely to continue growth in the immediate term.

Production of Precious Metal Ores And Concentrates in Mexico

In value terms, precious metal ore and concentrate production shrank modestly to $X in 2022 estimated in export price. Over the period under review, production saw significant growth. The pace of growth appeared the most rapid in 2013 with an increase of 770% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Exports of Precious Metal Ores And Concentrates

Exports from Mexico

In 2022, shipments abroad of precious metal ores and concentrates decreased by -63.3% to X tons, falling for the second consecutive year after two years of growth. Overall, exports recorded a deep contraction. The most prominent rate of growth was recorded in 2014 when exports increased by 104% against the previous year. Over the period under review, the exports hit record highs at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, precious metal ore and concentrate exports skyrocketed to $X in 2022. In general, exports showed a deep slump. The most prominent rate of growth was recorded in 2020 when exports increased by 88%. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Canada (X tons), Germany (X tons) and the United States (X tons) were the main destinations of precious metal ore and concentrate exports from Mexico.

From 2012 to 2022, the biggest increases were recorded for Canada (with a CAGR of +1.8%), while shipments for the other leaders experienced a decline.

In value terms, the largest markets for precious metal ore and concentrate exported from Mexico were Canada ($X), Germany ($X) and the United States ($X).

Canada, with a CAGR of +2.1%, 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 a decline.

Export Prices by Country

The average export price for precious metal ores and concentrates stood at $X per ton in 2022, surging by 221% against the previous year. Overall, the export price continues to indicate a tangible expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Canada ($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 Germany (+4.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Precious Metal Ores And Concentrates

Imports into Mexico

In 2022, overseas purchases of precious metal ores and concentrates increased by 645% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports, however, faced a dramatic decline. The most prominent rate of growth was recorded in 2017 when imports increased by 2,229% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, precious metal ore and concentrate imports skyrocketed to $X in 2022. In general, imports, however, showed a sharp decrease. The pace of growth was the most pronounced in 2017 with an increase of 4,171% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Canada (X tons) was the main precious metal ore and concentrate supplier to Mexico, accounting for a approx. 100% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Canada totaled +11.6%.

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

From 2012 to 2022, the average annual rate of growth in terms of value from Canada totaled +13.5%.

Import Prices by Country

The average import price for precious metal ores and concentrates stood at $X per ton in 2022, dropping by -17% against the previous year. In general, the import price, however, continues to indicate prominent growth. The growth pace was the most rapid in 2017 when the average import price increased by 83%. Over the period under review, average import prices attained the peak figure at $X per ton in 2021, and then shrank significantly in the following year.

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

From 2012 to 2022, the rate of growth in terms of prices for Australia amounted to +55.6% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

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

The country with the largest volume of precious metal ore and concentrate consumption was China, 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. The third position in this ranking was occupied by Peru, 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 accounting for 37% of global production. Ecuador, Greece, Indonesia, Turkey, Mexico, Brazil, South Africa, Argentina, Chile and Tanzania lagged somewhat behind, together accounting for a further 34%.

What are the leading suppliers of precious metal ores and concentrates to Mexico?

In value terms, Ecuador constituted the largest supplier of precious metal ore and concentrate to Mexico, comprising 68% of total imports. The second position in the ranking was occupied by the United States, with a 30% share of total imports.

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

In value terms, the largest markets for precious metal ore and concentrate exported from Mexico were South Korea, China and the United States.

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

The average export price for precious metal ores and concentrates stood at $4,015 per ton in 2021, shrinking by -55.5% against the previous year.

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

In 2021, the average import price for precious metal ores and concentrates amounted to $170,482 per ton, dropping by -80.8% against the previous year.

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

Mexico

Data coverage:

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