United Kingdom: Gold Ore Market 2020

Gold Ore Market Size in the UK

The revenue of the gold ore market in the UK amounted to $X in 2017, growing by X% against the previous year. Overall, gold ore consumption continues to indicate a significant deduction. The pace of growth was the most pronounced in 2017, when it surged by X% against the previous year. Over the period under review, the gold ore market reached its peak figure level of $X in 2008; however, from 2009 to 2017, it failed to regain its momentum.

Gold Ore Production in the UK

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

Gold Ore Exports in the UK

In 2017, approx. X tons of gold ores and concentrates were exported from the UK; falling by -X% against the previous year. In general, gold ore exports continue to indicate a drastic reduction. The most prominent rate of growth was recorded in 2009, when it surged by X% y-o-y. In that year, the gold ore exports attained their peak volume of X tons. From 2010 to 2017, growth of the gold ore exports stood at a somewhat lower level.

In value terms, gold ore exports amounted to $X in 2017. In general, gold ore exports continue to indicate a skyrocketing increase. The UK exports peaked in 2017, and are expected to retain its growth in the near future.

Gold Ore Exports by Country in the UK

In 2017, Australia (X tons) represented the key exporter for gold ores and concentrates, constituting X% of total exports. Russia (X tons) ranks second in terms of the global exports with a X% share, followed by Turkey (X%) and Tanzania (X%). Greece (X tons), Ecuador (X tons), Papua New Guinea (X tons), Peru (X tons), Malaysia (X tons) and Spain (X tons) followed a long way behind the leaders.

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 ($X) remains the largest gold ore supplier from the UK, making up X% of global exports. The second position in the ranking was occupied by Russia ($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%. The remaining exporting countries recorded the following average annual rates of exports growth: Russia (+X% per year) and Tanzania (+X% per year).

Gold Ore Export Prices by Country in the UK

The gold ore export price in the UK stood at $X thousand per kg in 2017, growing by X% against the previous year. In general, gold ore export price continues to indicate an outstanding growth. The pace of growth was the most pronounced in 2016, when the export prices increased by X% against the previous year. Over the period under review, the export prices for gold ores and concentrates reached its maximum level in 2017, and is expected to retain its growth in the near future.

There were significant differences in the average export prices amongst the major exporting countries. In 2017, 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 in the UK

In 2017, the amount of gold ores and concentrates imported into the UK amounted to X tons, rising by X% against the previous year. In general, gold ore imports continue to indicate a slight descent. The most prominent rate of growth was recorded in 2017, when it surged by X% against the previous year. The UK imports peaked of X tons in 2007; however, from 2008 to 2017, it failed to regain its momentum.

In value terms, gold ore imports totaled $X in 2017. In general, gold ore imports continue to indicate a mild deduction. Over the period under review, the gold ore imports reached its maximum level of $X in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

Gold Ore Imports by Country in the UK

In 2017, South Korea (X tons), distantly followed by China (X tons), the UK (X tons) and Mexico (X tons) represented the key importers of gold ores and concentrates, together constituting X% of total imports. The Philippines (X tons), Kazakhstan (X tons), Belgium (X tons) and India (X tons) followed a long way behind the leaders.

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 ($X) constitutes the largest market for imported gold ores and concentrates into the UK, making up X% of global imports. The second position in the ranking was occupied by the UK ($X), with a X% share of global imports. It was followed by South Korea, with a X% share.

In China, gold ore imports increased at an average annual rate of +X% over the period from 2007-2017. The remaining importing countries recorded the following average annual rates of imports growth: the UK (-X% per year) and South Korea (+X% per year).

Gold Ore Import Prices by Country in the UK

The gold ore import price in the UK stood at $X per ton in 2017, coming down by -X% against the previous year. In general, gold ore import price continues to indicate a relatively flat trend pattern. Over the period under review, the import prices for gold ores and concentrates reached its peak figure level of $X per ton in 2007; however, from 2008 to 2017, it failed to regain its momentum.

Import prices varied noticeably by the country of destination; 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