
Italy - Precious Metal Ores and Concentrates - Market Analysis, Forecast, Size, Trends and Insights
Italy: Market for Precious Metal Ores And Concentrates 2023
Market Size for Precious Metal Ores And Concentrates in Italy
In 2021, after three years of growth, there was significant decline in the Italian market for precious metal ores and concentrates, when its value decreased by -7.4% to $X. Over the period under review, consumption posted significant growth. Over the period under review, the market attained the maximum level at $X in 2020, and then declined in the following year.
Production of Precious Metal Ores And Concentrates in Italy
In value terms, precious metal ore and concentrate production reduced to $X in 2021 estimated in export price. Overall, production saw significant growth. The most prominent rate of growth was recorded in 2015 when the production volume increased by 90%. Over the period under review, production hit record highs at $X in 2020, and then fell in the following year.
Exports of Precious Metal Ores And Concentrates
Exports from Italy
In 2021, exports of precious metal ores and concentrates from Italy reduced notably to X kg, with a decrease of -71.1% compared with 2020 figures. Overall, exports continue to indicate a sharp shrinkage. The most prominent rate of growth was recorded in 2015 when exports increased by 2,842% against the previous year. Over the period under review, the exports reached the maximum 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 dropped significantly to $X in 2021. Over the period under review, exports recorded a sharp decline. The pace of growth appeared the most rapid in 2015 with an increase of 1,457%. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.
Exports by Country
Romania (X kg) was the main destination for precious metal ore and concentrate exports from Italy, with a 71% share of total exports. Moreover, precious metal ore and concentrate exports to Romania exceeded the volume sent to the second major destination, the United Arab Emirates (X kg), fivefold. Croatia (X kg) ranked third in terms of total exports with a 10% share.
From 2012 to 2021, the average annual growth rate of volume to Romania totaled -49.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-23.7% per year) and Croatia (+10.8% per year).
In value terms, Romania ($X) emerged as the key foreign market for precious metal ore and concentrate exports from Italy, comprising 60% of total exports. The second position in the ranking was taken by South Korea ($X), with a 16% share of total exports. It was followed by Croatia, with a 12% share.
From 2012 to 2021, the average annual growth rate of value to Romania amounted to -45.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (-19.9% per year) and Croatia (+99.0% per year).
Export Prices by Country
The average export price for precious metal ores and concentrates stood at $X per ton in 2021, with a decrease of -50.7% against the previous year. Overall, the export price, however, recorded a significant increase. The growth pace was the most rapid in 2014 when the average export price increased by 715% against the previous year. The export price peaked at $X per ton in 2020, and then declined remarkably in the following year.
Prices varied noticeably country of destination: the country with the highest price was South Korea ($X per ton), while the average price for exports to the United Arab Emirates ($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 United States (+18.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Precious Metal Ores And Concentrates
Imports into Italy
For the third consecutive year, Italy recorded growth in purchases abroad of precious metal ores and concentrates, which increased by 419% to X tons in 2021. Overall, imports posted significant growth. The pace of growth was the most pronounced in 2019 when imports increased by 855% against the previous year. Imports peaked in 2021 and are likely to see steady growth in the near future.
In value terms, precious metal ore and concentrate imports surged to $X in 2021. In general, imports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2019 with an increase of 1,812% against the previous year. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in years to come.
Imports by Country
In 2021, Spain (X tons) was the main supplier of precious metal ore and concentrate to Italy, with a 97% share of total imports. It was followed by Germany (X tons), with a 1.9% share of total imports.
From 2012 to 2021, the average annual growth rate of volume from Spain amounted to +495.4%.
In value terms, Spain ($X) constituted the largest supplier of precious metal ore and concentrate to Italy, comprising 98% of total imports. The second position in the ranking was held by Germany ($X), with a 1.7% share of total imports.
From 2012 to 2021, the average annual growth rate of value from Spain amounted to +417.5%.
Import Prices by Country
In 2021, the average import price for precious metal ores and concentrates amounted to $X per ton, waning by -26.4% against the previous year. Overall, the import price, however, posted notable growth. The pace of growth appeared the most rapid in 2016 an increase of 140%. As a result, import price reached the peak level of $X per ton. From 2017 to 2021, the average import prices remained at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2021, the country with the highest price was Spain ($X per ton), while the price for Germany stood at $X per ton.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malta (+49.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the market for precious metal ore and concentrate in Italy. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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