Denmark: Market for Precious Metal Ores And Concentrates 2023

Market Size for Precious Metal Ores And Concentrates in Denmark

In 2021, after three years of growth, there was significant decline in the Danish market for precious metal ores and concentrates, when its value decreased by -20% to $X. Overall, consumption, however, recorded a significant expansion. Over the period under review, the market hit record highs at $X in 2020, and then reduced sharply in the following year.

Production of Precious Metal Ores And Concentrates in Denmark

In value terms, precious metal ore and concentrate production dropped dramatically to $X in 2021 estimated in export price. Overall, production, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2018 with an increase of 178%. Precious metal ore and concentrate production peaked at $X in 2020, and then plummeted in the following year.

Exports of Precious Metal Ores And Concentrates

Exports from Denmark

For the fifth year in a row, Denmark recorded decline in overseas shipments of precious metal ores and concentrates, which decreased by -68% to X kg in 2021. Overall, exports saw a dramatic shrinkage. The pace of growth appeared the most rapid in 2016 when exports increased by 7.8% against the previous year. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, precious metal ore and concentrate exports totaled $X in 2021. Over the period under review, exports showed a dramatic setback. The most prominent rate of growth was recorded in 2016 when exports increased by 28%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Norway (X kg) was the main destination for precious metal ore and concentrate exports from Denmark, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Norway amounted to -21.9%.

From 2012 to 2021, the average annual growth rate of value to Norway amounted to -28.6%.

Export Prices by Country

The average export price for precious metal ores and concentrates stood at $X per ton in 2021, with an increase of 216% against the previous year. In general, the export price continues to indicate a tangible expansion. Over the period under review, the average export prices reached the maximum at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the rate of growth in terms of prices for the UK amounted to +17.1% per year.

Imports of Precious Metal Ores And Concentrates

Imports into Denmark

In 2019, approx. X tons of precious metal ores and concentrates were imported into Denmark; rising by 81% on 2018 figures. In general, imports continue to indicate strong growth. The pace of growth was the most pronounced in 2016 with an increase of 150%. Imports peaked at X tons in 2017; however, from 2018 to 2019, imports failed to regain momentum.

In value terms, precious metal ore and concentrate imports surged to $X in 2019. Over the period under review, imports, however, saw a pronounced descent. The growth pace was the most rapid in 2017 when imports increased by 92%. Imports peaked at $X in 2012; however, from 2013 to 2019, imports remained at a lower figure.

Imports by Country

In 2019, Spain (X tons) was the main supplier of precious metal ore and concentrate to Denmark, accounting for a 98% share of total imports. It was followed by China (X kg), with a 1.5% share of total imports.

From 2012 to 2019, the average annual rate of growth in terms of volume from Spain stood at +11.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (0.0% per year) and the Netherlands (+20.4% per year).

In value terms, Spain ($X) constituted the largest supplier of precious metal ore and concentrate to Denmark, comprising 98% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 0.3% share of total imports.

From 2012 to 2019, the average annual rate of growth in terms of value from Spain amounted to -3.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+23.4% per year) and China (0.0% per year).

Import Prices by Country

The average import price for precious metal ores and concentrates stood at $X per ton in 2019, dropping by -26.8% against the previous year. In general, the import price faced a abrupt shrinkage. The pace of growth was the most pronounced in 2018 an increase of 82%. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2019, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Spain ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was attained by the Netherlands (-0.3%).

Source: IndexBox Market Intelligence Platform

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