Germany: Market for Precious Metal Ores And Concentrates 2023

Market Size for Precious Metal Ores And Concentrates in Germany

For the sixth year in a row, the German market for precious metal ores and concentrates recorded growth in sales value, which increased by 7.2% to $X in 2021. Overall, consumption showed a significant increase. Precious metal ore and concentrate consumption peaked in 2021 and is likely to continue growth in years to come.

Exports of Precious Metal Ores And Concentrates

Exports from Germany

In 2021, after two years of growth, there was significant decline in overseas shipments of precious metal ores and concentrates, when their volume decreased by -59.3% to X tons. In general, exports recorded a dramatic shrinkage. The pace of growth was the most pronounced in 2020 when exports increased by 1,740%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, precious metal ore and concentrate exports declined rapidly to $X in 2021. Over the period under review, exports saw a precipitous setback. The pace of growth was the most pronounced in 2020 when exports increased by 4,709% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Belgium (X tons) was the main destination for precious metal ore and concentrate exports from Germany, with a 99% share of total exports. It was followed by the United States (X tons), with a 1.1% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Belgium stood at -20.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-23.1% per year) and the UK (-53.7% per year).

In value terms, Belgium ($X) emerged as the key foreign market for precious metal ore and concentrate exports from Germany, comprising 98% of total exports. The second position in the ranking was taken by the United States ($X), with a 1.8% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Belgium amounted to -11.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-17.4% per year) and the UK (-54.0% per year).

Export Prices by Country

In 2021, the average export price for precious metal ores and concentrates amounted to $X per ton, shrinking by -7% against the previous year. In general, the export price continues to indicate a abrupt contraction. The growth pace was the most rapid in 2013 an increase of 709%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was the UK ($X per ton), while the average price for exports to Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+22.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Precious Metal Ores And Concentrates

Imports into Germany

In 2021, precious metal ore and concentrate imports into Germany stood at X tons, remaining relatively unchanged against 2020 figures. Over the period under review, imports saw a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 128%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, precious metal ore and concentrate imports soared to $X in 2021. Overall, imports enjoyed a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 52%. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, South Africa (X tons) constituted the largest precious metal ore and concentrate supplier to Germany, with a 62% share of total imports. Moreover, precious metal ore and concentrate imports from South Africa exceeded the figures recorded by the second-largest supplier, Canada (X tons), ninefold. Mexico (X tons) ranked third in terms of total imports with a 6.9% share.

From 2012 to 2021, the average annual growth rate of volume from South Africa totaled +36.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (+57.6% per year) and Mexico (+47.6% per year).

In value terms, South Africa ($X) constituted the largest supplier of precious metal ore and concentrate to Germany, comprising 66% of total imports. The second position in the ranking was taken by Canada ($X), with an 11% share of total imports. It was followed by Mexico, with a 5.6% share.

From 2012 to 2021, the average annual growth rate of value from South Africa amounted to +26.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (+52.1% per year) and Mexico (+31.6% per year).

Import Prices by Country

In 2021, the average import price for precious metal ores and concentrates amounted to $X per ton, jumping by 31% against the previous year. Over the period under review, the import price, however, showed a abrupt setback. The import price peaked at $X per ton in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ecuador (+8.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

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