Australia and Oceania: Gold Ore Market 2020

Gold Ore Market Size in Australia and Oceania

The revenue of the gold ore market in Australia and Oceania amounted to $X in 2017, surging by X% against the previous year. The gold ore consumption continues to indicate a deep decrease. The pace of growth was the most pronounced in 2017, when market value increased by X% year-to-year. The level of gold ore consumption peaked of $X in 2007; however, from 2008 to 2017, it failed to regain its momentum.

Gold Ore Production in Australia and Oceania

In 2017, the amount of gold ores and concentrates produced in Australia and Oceania totaled X tons, therefore, remained relatively stable against the previous year. The total output volume increased an average annual rate of +X% over the period from 2007 to 2017; the trend pattern remained relatively stable, with only minor fluctuations being observed over the period under review. The growth pace was the most rapid in 2008, with an increase of X% y-o-y. Over the period under review, the gold ore production attained its maximum volume in 2017, and is expected to retain its growth in the near future.

Gold Ore Exports

Exports in Australia and Oceania

The exports amounted to X tons in 2017, falling by -X% against the previous year. The gold ore exports continue to indicate a remarkable growth. The pace of growth appeared the most rapid in 2014, when it surged by X% y-o-y. Over the period under review, the gold ore exports attained its peak figure volume of X tons in 2016, and then declined slightly in the following year.

In value terms, gold ore exports stood at $X in 2017. The total exports indicated a remarkable growth from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the gold ore exports increased by +X% against 2013 indices. The level of exports peaked of $X in 2016, leveling off in the following year.

Exports by Country

Australia prevails in gold ore exports structure, accounting for X tons, which was approx. X% of total exports in 2017. It was distantly followed by Papua New Guinea (X tons), mixed up X% share of total exports.

Australia was also the fastest growing in terms of the gold ores and concentrates exports, with a CAGR of +X% from 2007 to 2017. At the same time, Papua New Guinea (+X%) displayed positive paces of growth. From 2007 to 2017, the share of Papua New Guinea and Australia decreased by -X% and -X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) remains the largest gold ore supplier in Australia and Oceania, making up X% of global exports. The second position in the ranking was occupied by Papua New Guinea ($X), with a X% share of global exports.

In Australia, gold ore exports increased at an average annual rate of +X% over the period from 2007-2017.

Export Prices by Country

In 2017, the gold ore export price in Australia and Oceania amounted to $X per ton, growing by X% against the previous year. The gold ore export price continues to indicate an abrupt descent. The pace of growth was the most pronounced in 2017, when the export prices increased by X% y-o-y. The level of export price peaked of $X per ton in 2011; however, from 2012 to 2017, it failed to regain its momentum.

Average export prices varied somewhat amongst the major exporting countries. In 2017, the country with the highest export price was Australia ($X per ton), while Papua New Guinea ($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 Australia (-X% per year).

Gold Ore Imports

Imports in Australia and Oceania

In 2017, approx. X tons of gold ores and concentrates were imported in Australia and Oceania; declining by -X% against the previous year. The gold ore imports continue to indicate a sharp decrease. The most prominent rate of growth was recorded in 2008, with an increase of X% year-to-year. In that year, the gold ore imports attained their peak volume of X tons. From 2009 to 2017, growth of the gold ore imports failed to regain its momentum.

In value terms, gold ore imports stood at $X in 2017. The gold ore imports continue to indicate a dramatic downturn. In that year, the gold ore imports attained their peak level of $X. From 2013 to 2017, growth of the gold ore imports failed to regain its momentum.

Imports by Country

Australia (X tons) and Papua New Guinea (X tons) represented roughly X% of total imports of gold ores and concentrates in 2017.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Papua New Guinea (+X% per year).

In value terms, Australia ($X) constitutes the largest market for imported gold ores and concentrates in Australia and Oceania, making up X% of global imports. The second position in the ranking was occupied by Papua New Guinea ($X), with a X% share of global imports.

In Australia, gold ore imports shrank by an average annual rate of -X% over the period from 2007-2017.

Import Prices by Country

In 2017, the gold ore import price in Australia and Oceania amounted to $X per kg, coming down by -X% against the previous year. The gold ore import price continues to indicate a strong increase. The most prominent rate of growth was recorded in 2012, when the import prices increased by X% year-to-year. The level of import price peaked of $X per kg in 2013; however, from 2014 to 2017, it failed to regain its momentum.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was Australia ($X per kg), while Papua New Guinea ($X per kg) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Australia (+X% per year).

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Source: IndexBox Platform