Europe: Market for Precious Metal Ores And Concentrates 2024

Market Size for Precious Metal Ores And Concentrates in Europe

The Europe market for precious metal ores and concentrates expanded remarkably to $X in 2022, increasing by X% against the previous year. Over the period under review, consumption, however, posted resilient growth. The level of consumption peaked in 2022 and is likely to see steady growth in the near future.

Production of Precious Metal Ores And Concentrates in Europe

In value terms, precious metal ore and concentrate production stood at $X in 2022 estimated in export price. Over the period under review, production saw a slight curtailment. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Precious Metal Ores And Concentrates

Exports in Europe

In 2022, shipments abroad of precious metal ores and concentrates decreased by X% to X tons, falling for the second year in a row after four years of growth. Over the period under review, exports, however, saw resilient growth. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, precious metal ore and concentrate exports declined rapidly to $X in 2022. In general, exports, however, showed a resilient increase. The most prominent rate of growth was recorded in 2018 with an increase of X%. The level of export peaked at $X in 2021, and then dropped significantly in the following year.

Exports by Country

Russia (X tons) and Greece (X tons) prevails in exports structure, together constituting X% of total exports. It was distantly followed by the Netherlands (X tons), achieving a X% share of total exports. Spain (X tons) and Finland (X tons) followed a long way behind the leaders.

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

In value terms, Russia ($X) remains the largest precious metal ore and concentrate supplier in Europe, comprising X% of total exports. The second position in the ranking was taken by Finland ($X), with an X% share of total exports. It was followed by Spain, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Russia amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Finland (X% per year) and Spain (X% per year).

Export Prices by Country

The export price in Europe stood at $X per ton in 2022, waning by X% against the previous year. Over the period under review, the export price continues to indicate a noticeable downturn. The pace of growth was the most pronounced in 2019 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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 Finland ($X per ton), while Greece ($X per ton) was amongst the lowest.

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

Imports of Precious Metal Ores And Concentrates

Imports in Europe

After four years of growth, overseas purchases of precious metal ores and concentrates decreased by X% to X tons in 2022. Overall, imports, however, enjoyed a prominent increase. The pace of growth was the most pronounced in 2019 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2021, and then declined markedly in the following year.

In value terms, precious metal ore and concentrate imports fell to $X in 2022. In general, imports, however, posted a prominent expansion. The pace of growth appeared the most rapid in 2019 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then dropped in the following year.

Imports by Country

In 2022, Russia (X tons), Germany (X tons) and Finland (X tons) represented the key importer of precious metal ores and concentrates in Europe, mixing up X% of total import. It was distantly followed by Bulgaria (X tons), comprising a X% share of total imports. The following importers - Sweden (X tons), the Netherlands (X tons) and Spain (X tons) - together made up X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Bulgaria (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constitutes the largest market for imported precious metal ores and concentrates in Europe, comprising X% of total imports. The second position in the ranking was taken by Russia ($X), with a X% share of total imports. It was followed by Finland, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Germany amounted to X%. In the other countries, the average annual rates were as follows: Russia (X% per year) and Finland (X% per year).

Import Prices by Country

The import price in Europe stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Germany ($X per ton), while the Netherlands ($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 (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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