Romania: Market for Precious Metal Ores And Concentrates 2024

Market Size for Precious Metal Ores And Concentrates in Romania

The Romanian market for precious metal ores and concentrates reached $X in 2022, picking up by 9.1% against the previous year. Over the period under review, consumption posted a prominent increase. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Precious Metal Ores And Concentrates in Romania

In value terms, precious metal ore and concentrate production expanded remarkably to $X in 2022 estimated in export price. In general, production recorded resilient growth. The most prominent rate of growth was recorded in 2013 when the production volume increased by 289% against the previous year. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Exports of Precious Metal Ores And Concentrates

Exports from Romania

In 2022, exports of precious metal ores and concentrates from Romania shrank significantly to X tons, reducing by -63.7% against the previous year's figure. Overall, exports, however, showed a prominent expansion. The pace of growth was the most pronounced in 2013 with an increase of 104,218%. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, precious metal ore and concentrate exports fell rapidly to $X in 2022. Over the period under review, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2013 when exports increased by 1,902,743% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

China (X tons), Belgium (X tons) and Taiwan (Chinese) (X tons) were the main destinations of precious metal ore and concentrate exports from Romania, together accounting for 95% of total exports. These countries were followed by Turkey, which accounted for a further 5.4%.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +151.0%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, China ($X), Taiwan (Chinese) ($X) and Belgium ($X) constituted the largest markets for precious metal ore and concentrate exported from Romania worldwide, with a combined 99% share of total exports.

Among the main countries of destination, Taiwan (Chinese), with a CAGR of 0.0%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average export price for precious metal ores and concentrates amounted to $X per ton, rising by 26% against the previous year. In general, the export price showed a significant increase. The pace of growth was the most pronounced in 2013 when the average export price increased by 1,724%. Over the period under review, the average export prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the average price for exports to Turkey ($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 China (+14.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Precious Metal Ores And Concentrates

Imports into Romania

In 2021, purchases abroad of precious metal ores and concentrates decreased by -93.8% to X kg, falling for the second consecutive year after two years of growth. In general, imports continue to indicate a sharp shrinkage. The growth pace was the most rapid in 2018 when imports increased by 843% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, precious metal ore and concentrate imports fell remarkably to $X in 2021. Overall, imports, however, posted a significant increase. The most prominent rate of growth was recorded in 2018 with an increase of 839% 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, Italy (X kg) constituted the largest supplier of precious metal ore and concentrate to Romania, with a 65% share of total imports. Moreover, precious metal ore and concentrate imports from Italy exceeded the figures recorded by the second-largest supplier, the United States (X kg), twofold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Italy stood at -49.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (0.0% per year) and Mali (0.0% per year).

In value terms, Italy ($X) constituted the largest supplier of precious metal ores and concentrates to Romania, comprising 64% of total imports. The second position in the ranking was held by the United States ($X), with a 29% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Italy totaled -38.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (0.0% per year) and Mali (0.0% per year).

Import Prices by Country

In 2021, the average import price for precious metal ores and concentrates amounted to $X per ton, rising by 31% against the previous year. Over the period under review, the import price saw a significant increase. The most prominent rate of growth was recorded in 2013 when the average import price increased by 73,072% against the previous year. The import price peaked in 2021 and is likely to see steady growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Mali ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+20.7%).

Source: IndexBox Platform

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