Middle East: Gold Ore Market 2020

Gold Ore Market Size in the Middle East

The revenue of the gold ore market in Middle East amounted to $X in 2017, reducing by -X% against the previous year. The gold ore consumption continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2015, when it surged by X% y-o-y. The level of gold ore consumption peaked of $X in 2012; however, from 2013 to 2017, it failed to regain its momentum.

Gold Ore Production in the Middle East

In 2017, production of gold ores and concentrates in Middle East stood at X tons, picking up by X% against the previous year. The total output volume increased an average annual rate of +X% over the period from 2007 to 2017; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014, when it surged by X% against the previous year. Over the period under review, the gold ore production reached its maximum volume in 2017, and is likely to continue its growth in the immediate term.

Gold Ore Exports

Exports in the Middle East

In 2017, the amount of gold ores and concentrates exported in Middle East amounted to X tons, going up by X% against the previous year. The gold ore exports continue to indicate a prominent growth. The most prominent rate of growth was recorded in 2013, with an increase of X% year-to-year. In that year, the gold ore exports attained their peak volume of X tons. From 2014 to 2017, growth of the gold ore exports failed to regain its momentum.

In value terms, gold ore exports totaled $X in 2017. The gold ore exports continue to indicate a strong expansion. In that year, the gold ore exports attained their peak level of $X. From 2014 to 2017, growth of the gold ore exports failed to regain its momentum.

Exports by Country

Turkey (X tons) represented roughly X% of total exports of gold ores and concentrates in 2017.

Turkey was also the fastest growing in terms of the gold ores and concentrates exports, with a CAGR of +X% from 2007 to 2017. Turkey (-X%) significantly weakened its position in terms of the global exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) also remains the largest gold ore supplier in Middle East.

In Turkey, gold ore exports expanded at an average annual rate of +X% over the period from 2007-2017.

Export Prices by Country

In 2017, the gold ore export price in Middle East amounted to $X per ton, lowering by -X% against the previous year. The export price indicated a temperate expansion from 2007 to 2017: its price increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the gold ore export price decreased by -X% against 2012 indices. The most prominent rate of growth was recorded in 2012, an increase of X% against the previous year. In that year, the export prices for gold ores and concentrates attained their peak level of $X per ton. From 2013 to 2017, growth of the export prices for gold ores and concentrates stood at a somewhat lower level.

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

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Turkey (+X% per year).

Gold Ore Imports

Imports in the Middle East

In 2017, the amount of gold ores and concentrates imported in Middle East stood at X tons, increasing by X% against the previous year. The gold ore imports continue to indicate a temperate expansion. The most prominent rate of growth was recorded in 2011, when it surged by X% year-to-year. In that year, the gold ore imports reached their peak volume of X tons. From 2012 to 2017, growth of the gold ore imports stood at a somewhat lower level.

In value terms, gold ore imports totaled $X in 2017. The gold ore imports continue to indicate a remarkable growth. The level of imports peaked in 2017, and are likely to continue its growth in the immediate term.

Imports by Country

Oman prevails in gold ore imports structure, amounting to X tons, which was near X% of total imports in 2017. It was distantly followed by Lebanon (X kg) and Israel (X kg), together committing X% share of total imports. Bahrain (X kg) held the mild share of total imports.

Oman was also the fastest growing in terms of the gold ores and concentrates imports, with a CAGR of +X% from 2007 to 2017. At the same time, Lebanon (+X%) and Bahrain (+X%) displayed positive paces of growth. By contrast, Israel (-X%) illustrated a downward trend over the same period. While the share of Israel (X%) increased significantly in terms of the global imports from 2007-2017, the share of Bahrain (-X%), Lebanon (-X%) and Oman (-X%) displayed negative dynamics.

In value terms, Oman ($X) constitutes the largest market for imported gold ores and concentrates in Middle East, making up X% of global imports. The second position in the ranking was occupied by Lebanon ($X), with a X% share of global imports. It was followed by Israel, with a X% share.

In Oman, gold ore imports increased at an average annual rate of +X% over the period from 2007-2017. In the other countries, the average annual rates were as follows: Lebanon (+X% per year) and Israel (-X% per year).

Import Prices by Country

In 2017, the gold ore import price in Middle East amounted to $X per kg, rising by X% against the previous year. The gold ore import price continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2012, when it surged by X% year-to-year. Over the period under review, the import prices for gold ores and concentrates attained its maximum level of $X per kg in 2013; however, from 2014 to 2017, it stood at a somewhat lower level.

Import prices varied noticeably by the country of destination; the country with the highest import price was Lebanon ($X per kg), while Israel ($X per kg) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Lebanon (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform