Republic of Korea: Gold Ore Market 2020

Gold Ore Market Size in Republic of Korea

The revenue of the gold ore market in South Korea amounted to $X in 2017, going down by -X% against the previous year. In general, gold ore consumption continues to indicate a sharp setback. The pace of growth was the most pronounced in 2009, with an increase of X% y-o-y. Over the period under review, the gold ore market attained its peak figure level of $X in 2013; however, from 2014 to 2017, it failed to regain its momentum.

Gold Ore Production in Republic of Korea

In 2017, approx. X kg of gold ores and concentrates were produced in South Korea; leveling off at the previous year. In general, gold ore production continues to indicate a relatively flat trend pattern.

Gold Ore Exports from Republic of Korea

In 2017, gold ore exports from South Korea totaled X kg, lowering by -X% against the previous year. Overall, gold ore exports continue to indicate a dramatic descent. The pace of growth appeared the most rapid in 2012, when it surged by X% y-o-y. South Korea exports peaked of X tons in 2015; however, from 2016 to 2017, it failed to regain its momentum.

In value terms, gold ore exports totaled $X in 2017. Overall, gold ore exports continue to indicate a precipitous curtailment. In that year, the gold ore exports reached their peak level of $X. From 2015 to 2017, growth of the gold ore exports failed to regain its momentum.

Gold Ore Exports by Country from Republic of Korea

Australia was the main exporter of gold ores and concentrates in the world, with the volume of exports finishing at X tons, which was approx. X% of total exports in 2017. It was distantly followed by Russia (X tons), Turkey (X tons) and Tanzania (X tons), together generating X% share of total exports. The following exporters - Greece (X tons), Ecuador (X tons), Papua New Guinea (X tons), Peru (X tons), Malaysia (X tons) and Spain (X tons) together made up X% of total exports.

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

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

From 2007 to 2017, the average annual rate of growth in terms of value in Australia amounted to +X%. In the other countries, the average annual rates were as follows: Russia (+X% per year) and Tanzania (+X% per year).

Gold Ore Export Prices by Country in Republic of Korea

The gold ore export price in South Korea stood at $X per ton in 2017, picking up by X% against the previous year. In general, gold ore export price continues to indicate a deep deduction. The growth pace was the most rapid in 2011, when the export prices increased by X% y-o-y. In that year, the export prices for gold ores and concentrates attained their peak level of $X thousand per kg. From 2012 to 2017, growth of the export prices for gold ores and concentrates stood at a somewhat lower level.

Export prices varied noticeably by the country of destination; 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 into Republic of Korea

In 2017, approx. X tons of gold ores and concentrates were imported into South Korea; coming up by X% against the previous year. Overall, gold ore imports continue to indicate a remarkable expansion. The growth pace was the most rapid in 2013, with an increase of X% against the previous year. South Korea imports peaked in 2017, and are likely to see steady growth in the near future.

In value terms, gold ore imports amounted to $X in 2017. In general, gold ore imports continue to indicate a strong expansion. South Korea imports peaked in 2017, and are likely to see steady growth in the near future.

Gold Ore Imports by Country into Republic of Korea

In 2017, South Korea (X tons), distantly followed by China (X tons), the UK (X tons) and Mexico (X tons) were the major importers of gold ores and concentrates, together committing X% of total imports. The following importers - the Philippines (X tons), Kazakhstan (X tons), Belgium (X tons) and India (X tons) together made up X% of total imports.

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 ($X) constitutes the largest market for imported gold ores and concentrates into South Korea, making up X% of global imports. The second position in the ranking was occupied by the UK ($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 stood at +X%. In the other countries, the average annual rates were as follows: the UK (-X% per year) and South Korea (+X% per year).

Gold Ore Import Prices by Country in Republic of Korea

In 2017, the gold ore import price in South Korea amounted to $X per ton, coming up by X% against the previous year. In general, gold ore import price continues to indicate a slight descent. The pace of growth appeared the most rapid in 2011, when it surged by X% against the previous year. In that year, the import prices for gold ores and concentrates attained their peak level of $X per ton. From 2012 to 2017, growth of the import prices for gold ores and concentrates failed to regain its momentum.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was the Philippines ($X per kg), while Mexico ($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 the Philippines (+X% per year), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform