Eastern Asia: Market for Precious Metal Ores And Concentrates 2024

Market Size for Precious Metal Ores And Concentrates in Eastern Asia

For the seventh consecutive year, the East Asian market for precious metal ores and concentrates recorded growth in sales value, which increased by X% to $X in 2022. Over the period under review, consumption showed strong growth. The level of consumption peaked in 2022 and is likely to see gradual growth in the near future.

Production of Precious Metal Ores And Concentrates in Eastern Asia

In value terms, precious metal ore and concentrate production declined remarkably to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

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Exports of Precious Metal Ores And Concentrates

Exports in Eastern Asia

In 2022, precious metal ore and concentrate exports in Eastern Asia skyrocketed to X tons, increasing by X% on 2021. Overall, exports, however, recorded a noticeable decrease. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. The volume of export peaked at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, precious metal ore and concentrate exports surged to $X in 2022. In general, exports posted a buoyant expansion. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in the near future.

Exports by Country

Taiwan (Chinese) represented the main exporter of precious metal ores and concentrates in Eastern Asia, with the volume of exports reaching X tons, which was near X% of total exports in 2022. It was distantly followed by China (X tons), Democratic People's Republic of Korea (X tons) and South Korea (X tons), together constituting a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to precious metal ore and concentrate exports from Taiwan (Chinese) stood at X%. At the same time, South Korea (X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of X% from 2012-2022. China experienced a relatively flat trend pattern. By contrast, Democratic People's Republic of Korea (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of South Korea and China increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Taiwan (Chinese) ($X) remains the largest precious metal ore and concentrate supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was held by China ($X), with an X% share of total exports. It was followed by Democratic People's Republic of Korea, with a X% share.

In Taiwan (Chinese), precious metal ore and concentrate exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: China (X% per year) and Democratic People's Republic of Korea (X% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, the export price recorded a buoyant expansion. The most prominent rate of growth was recorded in 2016 an increase of X%. Over the period under review, the export prices hit record highs in 2022 and is likely to continue growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while South Korea ($X per ton) was amongst the lowest.

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

Imports of Precious Metal Ores And Concentrates

Imports in Eastern Asia

For the fifth year in a row, Eastern Asia recorded growth in overseas purchases of precious metal ores and concentrates, which increased by X% to X tons in 2022. Overall, imports enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. The volume of import peaked in 2022 and is likely to see gradual growth in the near future.

In value terms, precious metal ore and concentrate imports expanded sharply to $X in 2022. Over the period under review, imports enjoyed resilient growth. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. The level of import peaked in 2022 and is likely to continue growth in the near future.

Imports by Country

China dominates imports structure, resulting at X tons, which was near X% of total imports in 2022. South Korea (X tons) followed a long way behind the leaders.

China was also the fastest-growing in terms of the precious metal ores and concentrates imports, with a CAGR of X% from 2012 to 2022. At the same time, South Korea (X%) displayed positive paces of growth. China (X p.p.) significantly strengthened its position in terms of the total imports, while South Korea saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, China ($X) constitutes the largest market for imported precious metal ores and concentrates in Eastern Asia, comprising X% of total imports. The second position in the ranking was held by South Korea ($X), with a X% share of total imports.

In China, precious metal ore and concentrate imports expanded at an average annual rate of X% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per ton, shrinking by X% against the previous year. In general, the import price showed a noticeable slump. The most prominent rate of growth was recorded in 2017 when the import price increased by X%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was South Korea ($X per ton), while China totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%).

Source: IndexBox Platform

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