Israel: Market for Precious Metal Ores And Concentrates 2023

Market Size for Precious Metal Ores And Concentrates in Israel

After four years of growth, the Israeli market for precious metal ores and concentrates decreased by -4.3% to $X in 2021. Overall, consumption, however, posted a significant expansion. Over the period under review, the market reached the peak level at $X in 2020, and then reduced in the following year.

Production of Precious Metal Ores And Concentrates in Israel

In value terms, precious metal ore and concentrate production shrank modestly to $X in 2021 estimated in export price. Overall, production, however, showed a significant expansion. The growth pace was the most rapid in 2015 with an increase of 101%. Over the period under review, production hit record highs at $X in 2020, and then reduced modestly in the following year.

Exports of Precious Metal Ores And Concentrates

Exports from Israel

In 2021, overseas shipments of precious metal ores and concentrates increased by 75% to X tons, rising for the second year in a row after three years of decline. In general, exports, however, showed a dramatic curtailment. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, precious metal ore and concentrate exports skyrocketed to $X in 2021. Over the period under review, exports, however, recorded a sharp decrease. The most prominent rate of growth was recorded in 2020 with an increase of 140%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Palestine (X kg), France (X kg) and the Netherlands (X kg) were the main destinations of precious metal ore and concentrate exports from Israel.

From 2012 to 2021, the biggest increases were in Palestine (with a CAGR of +13.1%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Palestine ($X), France ($X) and the Netherlands ($X) constituted the largest markets for precious metal ore and concentrate exported from Israel worldwide.

Palestine, with a CAGR of +7.3%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average export price for precious metal ores and concentrates amounted to $X per ton, with a decrease of -9.4% against the previous year. Overall, the export price saw a perceptible setback. The most prominent rate of growth was recorded in 2020 an increase of 91% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was France ($X per ton), while the average price for exports to the Netherlands ($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 France (+3.3%).

Imports of Precious Metal Ores And Concentrates

Imports into Israel

In 2021, overseas purchases of precious metal ores and concentrates increased by 224,600% to X tons, rising for the second year in a row after two years of decline. In general, imports enjoyed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, precious metal ore and concentrate imports surged to $X in 2021. Overall, imports, however, showed a abrupt downturn. The most prominent rate of growth was recorded in 2020 when imports increased by 81% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, India (X tons) was the main supplier of precious metal ore and concentrate to Israel, accounting for a 99.9% share of total imports. It was followed by the United States (X kg), with less than 0.1% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from India was relatively modest.

In value terms, the United States ($X) constituted the largest supplier of precious metal ore and concentrate to Israel, comprising 7.2% of total imports. The second position in the ranking was taken by Palestine ($X), with a 0.7% share of total imports. It was followed by Turkey, with a 0.1% share.

From 2012 to 2021, the average annual growth rate of value from the United States amounted to -33.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Palestine (-36.9% per year) and Turkey (-53.0% per year).

Import Prices by Country

In 2021, the average import price for precious metal ores and concentrates amounted to $X per kg, dropping by -99.9% against the previous year. Overall, the import price showed a precipitous descent. The pace of growth appeared the most rapid in 2018 when the average import price increased by 717%. Over the period under review, average import prices reached the peak figure at $X per kg in 2020, and then reduced rapidly in the following year.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per kg), while the price for India (less than $X per kg) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (-4.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

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