Report Update Nov 1, 2024

Saudi Arabia - Precious Metal Ores and Concentrates - Market Analysis, Forecast, Size, Trends and Insights

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Saudi Arabia: Market for Precious Metal Ores And Concentrates 2024

Market Size for Precious Metal Ores And Concentrates in Saudi Arabia

The Saudi market for precious metal ores and concentrates expanded significantly to $X in 2022, increasing by 7% against the previous year. In general, consumption saw prominent growth. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Production of Precious Metal Ores And Concentrates in Saudi Arabia

In value terms, precious metal ore and concentrate production expanded notably to $X in 2022 estimated in export price. Over the period under review, production saw a resilient increase. The pace of growth appeared the most rapid in 2016 with an increase of 139%. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

Exports of Precious Metal Ores And Concentrates

Exports from Saudi Arabia

After two years of decline, shipments abroad of precious metal ores and concentrates decreased by -16.6% to X tons in 2022. Overall, exports, however, continue to indicate a relatively flat trend pattern. The smallest decline of -15.3% was in 2017. Over the period under review, the exports attained the maximum at X tons in 2021, and then dropped sharply in the following year.

In value terms, precious metal ore and concentrate exports contracted markedly to $X in 2022. In general, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 when exports increased by 2.9%. Over the period under review, the exports hit record highs at $X in 2021, and then reduced rapidly in the following year.

Exports by Country

China (X tons) was the main destination for precious metal ore and concentrate exports from Saudi Arabia, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to China amounted to +87.0%.

In value terms, China ($X) emerged as the key foreign market for precious metal ores and concentrates exports from Saudi Arabia.

From 2012 to 2022, the average annual growth rate of value to China totaled +18.3%.

Export Prices by Country

In 2022, the average export price for precious metal ores and concentrates amounted to $X per ton, declining by -10% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 1,133%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the average export prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for China amounted to -36.7% per year.

Imports of Precious Metal Ores And Concentrates

Imports into Saudi Arabia

In 2015, precious metal ore and concentrate imports into Saudi Arabia stood at X tons, standing approx. at the previous year's figure. In general, imports continue to indicate a significant increase. The smallest decline of 99.9% was in 2014. Imports peaked in 2015 and are expected to retain growth in the near future.

In value terms, precious metal ore and concentrate imports stood at $X in 2015. Over the period under review, imports showed a drastic downturn. The smallest decline of 99.9% was in 2014. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2015, imports stood at a somewhat lower figure.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

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

The country with the largest volume of precious metal ore and concentrate consumption was China, comprising approx. 39% of total volume. Moreover, precious metal ore and concentrate consumption in China exceeded the figures recorded by the second-largest consumer, Russia, sevenfold. Peru ranked third in terms of total consumption with a 5.4% share.

What are the largest producers of precious metal ores and concentrates in the world?

The countries with the highest volumes of in 2021 were Australia, Peru and Russia, together comprising 37% of global production. These countries were followed by Ecuador, Greece, Indonesia, Turkey, Mexico, Brazil, South Africa, Argentina, Chile and Tanzania, which together accounted for a further 34%.

What are the leading suppliers of precious metal ores and concentrates to Saudi Arabia?

In value terms, China constituted the largest supplier of precious metal ore and concentrate to Saudi Arabia.

What is the average export price for precious metal ores and concentrates in Saudi Arabia?

In 2021, the average export price for precious metal ores and concentrates amounted to $3,022 per ton, stabilizing at the previous year.

What is the average import price for precious metal ores and concentrates in Saudi Arabia?

In 2015, the average import price for precious metal ores and concentrates amounted to $17,899 per ton, remaining constant against the previous year.

This report provides an in-depth analysis of the market for precious metal ore and concentrate in Saudi Arabia. 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 07291400 - Precious metal ores and concentrates

Country coverage:

Saudi Arabia

Data coverage:

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