Report Update Nov 1, 2024

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

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Portugal: Silver Ore Market 2024

Silver Ore Market Size in Portugal

In 2021, the Portuguese silver ore market decreased by -65.4% to $X, falling for the fourth year in a row after four years of growth. Overall, consumption recorded a precipitous setback. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Silver Ore Production in Portugal

In value terms, silver ore production contracted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.0% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 when the production volume increased by 19% against the previous year. Silver ore production peaked at $X in 2020, and then dropped in the following year.

Silver Ore Exports

Exports from Portugal

For the fourth year in a row, Portugal recorded growth in overseas shipments of silver ores and concentrates, which increased by 9.8% to X tons in 2021. Over the period under review, exports recorded a buoyant expansion. The growth pace was the most rapid in 2018 with an increase of 913%. The exports peaked in 2021 and are likely to see gradual growth in the immediate term.

In value terms, silver ore exports soared to $X in 2021. Overall, exports continue to indicate a significant expansion. The growth pace was the most rapid in 2018 when exports increased by 389%. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in the near future.

Exports by Country

Belgium (X tons) was the main destination for silver ore exports from Portugal, with a 99.9% share of total exports. It was followed by Germany (X kg), with less than 0.1% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Belgium totaled +25.8%.

In value terms, Belgium ($X) remains the key foreign market for silver ore exports from Portugal, comprising 99.9% of total exports. The second position in the ranking was taken by Germany ($X), with less than 0.1% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Belgium totaled +34.5%.

Export Prices by Country

In 2021, the average silver ore export price amounted to $X per ton, picking up by 14% against the previous year. In general, the export price recorded a perceptible expansion. The pace of growth was the most pronounced in 2017 when the average export price increased by 610%. As a result, the export price reached the peak level of $X per ton. From 2018 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Germany ($X per ton), while the average price for exports to Belgium totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+68.1%), while the prices for the other major destinations experienced more modest paces of growth.

Silver Ore Imports

Imports into Portugal

Silver ore imports into Portugal was estimated at X kg in 2021, standing approx. at 2020 figures. Over the period under review, imports saw a buoyant expansion. The growth pace was the most rapid in 2015 when imports increased by 1,007% against the previous year. Over the period under review, imports reached the maximum at X kg in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, silver ore imports stood at $X in 2021. In general, imports recorded a slight downturn. The growth pace was the most rapid in 2015 when imports increased by 437% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Spain (X kg) was the main supplier of silver ore to Portugal, with a approx. 100% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from Spain stood at +2.2%.

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

From 2012 to 2021, the average annual rate of growth in terms of value from Spain amounted to +48.6%.

Import Prices by Country

The average silver ore import price stood at $X per ton in 2021, stabilizing at the previous year. In general, the import price continues to indicate a abrupt setback. The growth pace was the most rapid in 2013 when the average import price increased by 63%. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for Spain amounted to -12.4% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

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

China remains the largest silver ore consuming country worldwide, 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?

Peru constituted the country with the largest volume of silver ore production, 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 Portugal?

In value terms, Spain constituted the largest supplier of silver ore to Portugal.

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

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

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

The average silver ore export price stood at $221,612 per ton in 2021, with an increase of 13% against the previous year.

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

In 2021, the average silver ore import price amounted to $131,806 per ton, leveling off at the previous year.

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

Portugal

Data coverage:

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