Ireland: Gold Ore Market Overview 2020

Gold Ore Market Size in Ireland

The revenue of the gold ore market in Ireland amounted to $X in 2017, jumping by X% against the previous year. Overall, gold ore consumption continues to indicate a remarkable growth. The growth pace was the most rapid in 2009, with an increase of X% year-to-year. Ireland gold ore consumption peaked of $X in 2010; however, from 2011 to 2017, it failed to regain its momentum.

Gold Ore Production in Ireland

Gold ore production in Ireland amounted to X kg in 2017, standing approx. at the previous year. In general, gold ore production continues to indicate a relatively flat trend pattern.

Gold Ore Exports from Ireland

In 2017, the amount of gold ores and concentrates exported from Ireland stood at X kg, waning by -X% against the previous year. In general, gold ore exports continue to indicate a deep shrinkage. The pace of growth was the most pronounced in 2016, when it surged by X% against the previous year. In that year, the gold ore exports attained their peak volume of X kg, and then declined slightly in the following year.

In value terms, gold ore exports stood at $X in 2017. In general, gold ore exports continue to indicate a strong expansion. In that year, the gold ore exports reached their peak level, and are likely to continue its growth in the immediate term.

Gold Ore Exports by Country from Ireland

In 2017, Australia (X tonnes) was the largest exporter for gold ores and concentrates, committing X% of total exports. Russia (X tonnes) ranks second in terms of the global exports with a X% share, followed by Turkey (X%) and Tanzania (X%). Greece (X tonnes), Ecuador (X tonnes), Papua New Guinea (X tonnes), Peru (X tonnes), Malaysia (X tonnes) and Spain (X tonnes) held the weak share of total exports.

From 2007 to 2017, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Greece (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, Australia ($X) remains the largest gold ore supplier from Ireland, making up X% of global exports. The second position in the ranking was occupied by Russia ($X), with a X% share of global exports. It was followed by Tanzania, with a X% share.

In Australia, gold ore exports expanded at an average annual rate of +X% over the period from 2007-2017. In the other countries, the average annual rates were as follows: Russia (+X% per year) and Tanzania (+X% per year).

Gold Ore Export Prices by Country in Ireland

In 2017, the gold ore export price in Ireland amounted to $X per kg, coming up by X% against the previous year. In general, gold ore export price continues to indicate a skyrocketing expansion. The pace of growth was the most pronounced in 2017, an increase of X% against the previous year. In that year, the export prices for gold ores and concentrates reached their peak level, and is likely to continue its growth in the immediate term.

There were significant differences in the average export prices amongst the major exporting countries. In 2017, the country with the highest export price was Tanzania ($X per tonne), while Greece ($X per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Greece (+X% per year), while the other leaders experienced more modest paces of growth.

Gold Ore Imports into Ireland

Gold ore imports into Ireland amounted to X tonnes in 2017, jumping by X% against the previous year. In general, gold ore imports continue to indicate a remarkable growth. The most prominent rate of growth was recorded in 2012, with an increase of X% against the previous year. Ireland imports peaked of X tonnes in 2013; however, from 2014 to 2017, it failed to regain its momentum.

In value terms, gold ore imports amounted to $X in 2017. Overall, gold ore imports continue to indicate a remarkable increase. Over the period under review, the gold ore imports reached its maximum level of $X in 2013; however, from 2014 to 2017, it stood at a somewhat lower level.

Gold Ore Imports by Country into Ireland

In 2017, South Korea (X tonnes), distantly followed by China (X tonnes), the UK (X tonnes) and Mexico (X tonnes) represented the main importers of gold ores and concentrates, together mixed up X% of total imports. The Philippines (X tonnes), Kazakhstan (X tonnes), Belgium (X tonnes) and India (X tonnes) followed a long way behind the leaders.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by India (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported gold ores and concentrates into Ireland, making up X% of global imports. The second position in the ranking was occupied by the UK ($X), with a X% share of global imports. It was followed by South Korea, with a X% share.

In China, gold ore imports increased at an average annual rate of +X% over the period from 2007-2017. The remaining importing countries recorded the following average annual rates of imports growth: the UK (-X% per year) and South Korea (+X% per year).

Gold Ore Import Prices by Country in Ireland

The gold ore import price in Ireland stood at $X per kg in 2017, standing approx. at the previous year. Overall, gold ore import price continues to indicate a relatively flat trend pattern. Ireland import price peaked of $X per kg in 2007; afterwards, it flattened through to 2017.

Import prices varied noticeably by the country of destination; the country with the highest import price was the Philippines ($X per kg), while Mexico ($X per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by the Philippines (+X% per year), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox AI Platform