Philippines: Gold Ore Market 2020

Gold Ore Market Size in the Philippines

The revenue of the gold ore market in the Philippines amounted to $X in 2017, falling by -X% against the previous year. In general, gold ore consumption continues to indicate a strong expansion. The growth pace was the most rapid in 2011, when it surged by X% against the previous year. Over the period under review, the gold ore market attained its peak figure level of $X in 2015; however, from 2016 to 2017, it stood at a somewhat lower level.

Gold Ore Production in the Philippines

In 2017, the amount of gold ores and concentrates produced in the Philippines stood at X kg, therefore, remained relatively stable against the previous year. In general, gold ore production continues to indicate a relatively flat trend pattern.

Gold Ore Exports in the Philippines

Gold ore exports from the Philippines stood at X tons in 2017, going up by X% against the previous year. In general, gold ore exports continue to indicate an outstanding increase. The most prominent rate of growth was recorded in 2017, when it surged by X% y-o-y. In that year, the gold ore exports attained their peak volume, and are likely to continue its growth in the immediate term.

In value terms, gold ore exports totaled $X in 2017. Overall, gold ore exports continue to indicate a precipitous decline. Over the period under review, the gold ore exports reached its peak figure level of $X in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

Gold Ore Exports by Country in the Philippines

In 2017, Australia (X tons) was the key exporter for gold ores and concentrates, comprising X% of total exports. It was distantly followed by Russia (X tons), Turkey (X tons) and Tanzania (X tons), together constituting X% share of total exports. Greece (X tons), Ecuador (X tons), Papua New Guinea (X tons), Peru (X tons), Malaysia (X tons) and Spain (X tons) followed a long way behind the leaders.

From 2007 to 2017, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by the Philippines (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, Australia ($X) remains the largest gold ore supplier from the Philippines, making up X% of global exports. The second position in the ranking was occupied by Russia ($X), with a X% share of global exports. It was followed by Tanzania, with a X% share.

In Australia, gold ore exports expanded at an average annual rate of +X% over the period from 2007-2017. The remaining exporting countries recorded the following average annual rates of exports growth: Russia (+X% per year) and Tanzania (+X% per year).

Gold Ore Export Prices by Country in the Philippines

The gold ore export price in the Philippines stood at $X per ton in 2017, reducing by -X% against the previous year. Overall, gold ore export price continues to indicate a sharp drop. The most prominent rate of growth was recorded in 2011, an increase of X% year-to-year. The Philippines export price peaked of $X thousand per kg in 2012; however, from 2013 to 2017, it failed to regain its momentum.

There were significant differences in the average export prices amongst the major exporting countries. In 2017, the country with the highest export price was Tanzania ($X per ton), while Greece ($X per ton) was amongst the lowest.

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

Gold Ore Imports in the Philippines

In 2017, the amount of gold ores and concentrates imported into the Philippines stood at X tons, coming up by X% against the previous year. The total import volume increased an average annual rate of +X% over the period from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2016, when imports increased by X% y-o-y. Over the period under review, the gold ore imports attained its maximum volume in 2017, and are likely to continue its growth in the immediate term.

In value terms, gold ore imports totaled $X in 2017. In general, gold ore imports continue to indicate a remarkable growth. The Philippines imports peaked in 2017, and are expected to retain its growth in the near future.

Gold Ore Imports by Country in the Philippines

In 2017, South Korea (X tons), distantly followed by China (X tons), the UK (X tons) and Mexico (X tons) represented the largest importers of gold ores and concentrates, together creating X% of total imports. The Philippines (X tons), Kazakhstan (X tons), Belgium (X tons) and India (X tons) followed a long way behind the leaders.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by India (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported gold ores and concentrates into the Philippines, making up X% of global imports. The second position in the ranking was occupied by the UK ($X), with a X% share of global imports. It was followed by South Korea, with a X% share.

From 2007 to 2017, the average annual growth rate of value in China amounted to +X%. The remaining importing countries recorded the following average annual rates of imports growth: the UK (-X% per year) and South Korea (+X% per year).

Gold Ore Import Prices by Country in the Philippines

In 2017, the gold ore import price in the Philippines amounted to $X per kg, standing approx. at the previous year. Overall, gold ore import price continues to indicate a strong increase. The pace of growth appeared the most rapid in 2011, when it surged by X% year-to-year. The Philippines import price peaked of $X per kg in 2012; afterwards, it flattened through to 2017.

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

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by China (+X% per year), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform