Report Update: Apr 1, 2024

South Africa - Silver Ores And Concentrates - Market Analysis, Forecast, Size, Trends And Insights

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Silver Ore Price in South Africa - 2023

Silver Ore Price in South Africa (FOB) - 2022

In 2022, the average silver ore export price amounted to $31,835,090 per ton, waning by -36.3% against the previous year. In general, the export price, however, recorded significant growth. The pace of growth was the most pronounced in 2021 an increase of 8,694%. As a result, the export price reached the peak level of $49,962 per kg, and then shrank remarkably in the following year.

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

From 2012 to 2022, the rate of growth in terms of prices for Germany amounted to -1.6% per year.

Silver Ore Price in South Africa (CIF) - 2022

In 2022, the average silver ore import price amounted to $379 per ton, reducing by -26.2% against the previous year. Over the period under review, the import price, however, continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2020 when the average import price increased by 74%. Over the period under review, average import prices hit record highs at $514 per ton in 2021, and then plummeted in the following year.

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 ($168,600 per ton), while the price for Zambia amounted to $5,390 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (-4.5%).

Silver Ore Exports in South Africa

Silver ore exports from South Africa soared to 30 tons in 2022, with an increase of 40% on 2021. In general, exports, however, continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2020 with an increase of 3,930%. As a result, the exports attained the peak of 1.6K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, silver ore exports shrank to $963M in 2022. Overall, exports enjoyed significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 123% against the previous year.

Export of Silver Ore in South Africa (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	376	760	1,012	117	-32.2%
Others	24.9	136	66.7	846	223.9%
Total	401	896	1,079	963	33.9%

Top Export Markets for Silver Ore from South Africa in 2022:

Germany (1.3K tons)

Silver Ore Imports in South Africa

In 2022, approx. 83 tons of silver ores and concentrates were imported into South Africa; picking up by 1,793% on the year before. In general, imports, however, saw a abrupt decrease.

In value terms, silver ore imports skyrocketed to $32K in 2022. Over the period under review, imports recorded a remarkable increase.

Import of Silver Ore in South Africa (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	17.9	10.5	0.9	6.0	-30.5%
Zambia	3.4	0.6	N/A	N/A	-82.4%
Brazil	N/A	N/A	0.1	N/A	0%
Others	N/A	49.7	1.3	25.5	-28.4%
Total	21.4	60.9	2.3	31.6	13.9%

Top Suppliers of Silver Ore to South Africa in 2022:

United States (undefined tons)
Zambia (undefined tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the silver ore market in South Africa. 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 07291410 -

Country coverage:

South Africa

Data coverage:

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

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