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Report World - Precious Metal Ores and Concentrates - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

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

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Overview of the Global Market for Precious Metal Ores And Concentrates

Market Size for Precious Metal Ores And Concentrates

In 2022, the global market for precious metal ores and concentrates decreased by -1.7% to $X, falling for the second consecutive year after two years of growth. In general, consumption recorded a resilient expansion. Global consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Precious Metal Ores And Concentrates

In value terms, precious metal ore and concentrate production expanded to $X in 2022 estimated in export price. Over the period under review, the total production indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +8.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -3.0% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of 34% against the previous year. Global production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Precious Metal Ores And Concentrates

Exports

Global precious metal ore and concentrate exports stood at X tons in 2022, growing by 11% compared with the previous year's figure. Overall, exports continue to indicate prominent growth. The pace of growth appeared the most rapid in 2019 with an increase of 28%. The global exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, precious metal ore and concentrate exports declined to $X in 2022. In general, exports posted a tangible expansion. The most prominent rate of growth was recorded in 2019 with an increase of 33%. The global exports peaked at $X in 2021, and then reduced slightly in the following year.

Exports by Country

In 2022, Peru (X tons), distantly followed by Australia (X tons), Russia (X tons), Ecuador (X tons), Greece (X tons), Kazakhstan (X tons) and Indonesia (X tons) represented the major exporters of precious metal ores and concentrates, together comprising 75% of total exports. The following exporters - Kyrgyzstan (X tons), Turkey (X tons), Armenia (X tons), Eritrea (X tons), Taiwan (Chinese) (X tons) and South Africa (X tons) - together made up 15% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Greece (with a CAGR of +199.3%), while the other global leaders experienced more modest paces of growth.

In value terms, South Africa ($X), Australia ($X) and Peru ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined 43% share of global exports. Ecuador, Russia, Kazakhstan, Indonesia, Taiwan (Chinese), Turkey, Kyrgyzstan, Armenia, Greece and Eritrea lagged somewhat behind, together comprising a further 28%.

Greece, with a CAGR of +112.3%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for precious metal ores and concentrates amounted to $X per ton, falling by -11.4% against the previous year. Overall, the export price saw a pronounced curtailment. The most prominent rate of growth was recorded in 2020 when the average export price increased by 24% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was South Africa ($X per ton), while Eritrea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (+8.7%), while the other global leaders experienced more modest paces of growth.

Imports of Precious Metal Ores And Concentrates

Imports

For the fifth consecutive year, the global market recorded growth in supplies from abroad of precious metal ores and concentrates, which increased by 21% to X tons in 2022. In general, imports posted resilient growth. The pace of growth was the most pronounced in 2014 with an increase of 30%. Global imports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, precious metal ore and concentrate imports rose to $X in 2022. Over the period under review, imports enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 27%. Global imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

China dominates imports structure, finishing at X tons, which was approx. 85% of total imports in 2022. The following importers - Kazakhstan (X tons), Germany (X tons), Russia (X tons) and Georgia (X tons) - together made up 9.6% of total imports.

Imports into China increased at an average annual rate of +19.2% from 2012 to 2022. At the same time, Georgia (+117.2%), Germany (+18.5%) and Russia (+16.0%) displayed positive paces of growth. Moreover, Georgia emerged as the fastest-growing importer imported in the world, with a CAGR of +117.2% from 2012-2022. By contrast, Kazakhstan (-1.6%) illustrated a downward trend over the same period. China (+23 p.p.) and Georgia (+1.8 p.p.) significantly strengthened its position in terms of the global imports, while Kazakhstan saw its share reduced by -14.4% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported precious metal ores and concentrates worldwide, comprising 50% of global imports. The second position in the ranking was held by Germany ($X), with a 22% share of global imports. It was followed by Kazakhstan, with a 3% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China stood at +17.9%. In the other countries, the average annual rates were as follows: Germany (+16.6% per year) and Kazakhstan (-0.6% per year).

Import Prices by Country

The average import price for precious metal ores and concentrates stood at $X per ton in 2022, waning by -14.2% against the previous year. In general, the import price saw a perceptible decrease. The pace of growth was the most pronounced in 2017 an increase of 14% against the previous year. Global import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Germany ($X per ton), while Georgia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+5.0%), while the other global leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

China constituted the country with the largest volume of precious metal ore and concentrate consumption, accounting for 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.
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%.
In value terms, Australia, Russia and Bolivia were the countries with the highest levels of exports in 2021, together accounting for 39% of global exports. Peru, Ecuador, Spain, the Netherlands, Turkey, Indonesia, Mexico, Chile, Greece and Lao People's Democratic Republic lagged somewhat behind, together comprising a further 28%.
In value terms, China, Germany and Russia constituted the countries with the highest levels of imports in 2021, with a combined 77% share of global imports. These countries were followed by Finland and the Philippines, which together accounted for a further 5.7%.
The average export price for precious metal ores and concentrates stood at $5,434 per ton in 2021, rising by 12% against the previous year.
The average import price for precious metal ores and concentrates stood at $3,906 per ton in 2021, which is down by -2.1% against the previous year.

This report provides an in-depth analysis of the global market for precious metal ore and concentrate. 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:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

  • Global market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Global production, split by region and country
  • Global trade (exports and imports)
  • 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
  • Find deeper insights into current market developments
  • 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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 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. 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. 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. 7. GLOBAL PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. GLOBAL IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. GLOBAL EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • United States
    • China
    • Japan
    • Germany
    • United Kingdom
    • France
    • Brazil
    • Italy
    • Russian Federation
    • India
    • Canada
    • Australia
    • Republic of Korea
    • Spain
    • Mexico
    • Indonesia
    • Netherlands
    • Turkey
    • Saudi Arabia
    • Switzerland
    • Sweden
    • Nigeria
    • Poland
    • Belgium
    • Argentina
    • Norway
    • Austria
    • Thailand
    • United Arab Emirates
    • Colombia
    • Denmark
    • South Africa
    • Malaysia
    • Israel
    • Singapore
    • Egypt
    • Philippines
    • Finland
    • Chile
    • Ireland
    • Pakistan
    • Greece
    • Portugal
    • Kazakhstan
    • Algeria
    • Czech Republic
    • Qatar
    • Peru
    • Romania
    • Vietnam

  12. 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, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023

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