Switzerland: Market for Precious Metal Ores And Concentrates 2024

Market Size for Precious Metal Ores And Concentrates in Switzerland

The Swiss market for precious metal ores and concentrates was estimated at $X in 2022, increasing by 1.9% against the previous year. In general, consumption, however, enjoyed buoyant growth. Precious metal ore and concentrate consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Precious Metal Ores And Concentrates in Switzerland

In value terms, precious metal ore and concentrate production rose to $X in 2022 estimated in export price. In general, production, however, enjoyed a strong expansion. The pace of growth was the most pronounced in 2014 with an increase of 75%. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Precious Metal Ores And Concentrates

Exports from Switzerland

In 2022, the amount of precious metal ores and concentrates exported from Switzerland fell sharply to X tons, shrinking by -96.4% on 2021 figures. Over the period under review, exports saw a precipitous slump. The growth pace was the most rapid in 2020 with an increase of 2,178% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, precious metal ore and concentrate exports reduced markedly to $X in 2022. Overall, exports faced a deep slump. The most prominent rate of growth was recorded in 2020 with an increase of 1,635%. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Germany (X tons) was the main destination for precious metal ore and concentrate exports from Switzerland, with a 78% share of total exports. Moreover, precious metal ore and concentrate exports to Germany exceeded the volume sent to the second major destination, the United States (X kg), threefold.

From 2012 to 2022, the average annual growth rate of volume to Germany totaled +30.6%.

In value terms, the largest markets for precious metal ore and concentrate exported from Switzerland were the United States ($X) and Germany ($X).

In terms of the main countries of destination, Germany, with a CAGR of +36.9%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

In 2022, the average export price for precious metal ores and concentrates amounted to $X per ton, increasing by 89% against the previous year. Overall, the export price showed prominent growth. The most prominent rate of growth was recorded in 2019 when the average export price increased by 137% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Germany totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+4.8%), while the prices for the other major destinations experienced a decline.

Imports of Precious Metal Ores And Concentrates

Imports into Switzerland

For the third year in a row, Switzerland recorded decline in overseas purchases of precious metal ores and concentrates, which decreased by -92% to X kg in 2022. Overall, imports recorded a sharp descent. The growth pace was the most rapid in 2017 when imports increased by 1,846% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, precious metal ore and concentrate imports fell sharply to $X in 2022. In general, imports faced a sharp reduction. The growth pace was the most rapid in 2017 with an increase of 1,858%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X kg) constituted the largest supplier of precious metal ore and concentrate to Switzerland, with a 50% share of total imports. Moreover, precious metal ore and concentrate imports from China exceeded the figures recorded by the second-largest supplier, Japan (X kg), threefold. The third position in this ranking was taken by the United States (X kg), with a 17% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +13.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (0.0% per year) and the United States (-6.7% per year).

In value terms, the United States ($X) constituted the largest supplier of precious metal ores and concentrates to Switzerland, comprising 95% of total imports. The second position in the ranking was held by Japan ($X), with a 3.7% share of total imports. It was followed by China, with a 0.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States amounted to -24.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+65.4% per year) and China (+10.7% per year).

Import Prices by Country

The average import price for precious metal ores and concentrates stood at $X per ton in 2022, increasing by 229% against the previous year. Overall, the import price posted a significant increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+65.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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