Report Update Apr 1, 2024

Mexico - Silver Ores and Concentrates - Market Analysis, Forecast, Size, Trends and Insights

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Mexico: Silver Ore Market 2024

Silver Ore Market Size in Mexico

For the sixth year in a row, the Mexican silver ore market recorded decline in sales value, which decreased by -68% to $X in 2021. In general, consumption faced a sharp curtailment. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market remained at a lower figure.

Silver Ore Production in Mexico

In value terms, silver ore production skyrocketed to $X in 2021 estimated in export price. In general, production recorded a abrupt contraction. The pace of growth was the most pronounced in 2015 when the production volume increased by 59%. As a result, production reached the peak level of $X. From 2016 to 2021, production growth remained at a somewhat lower figure.

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Silver Ore Exports

Exports from Mexico

For the third consecutive year, Mexico recorded growth in overseas shipments of silver ores and concentrates, which increased by 54% to X tons in 2021. Over the period under review, exports enjoyed significant growth. The growth pace was the most rapid in 2014 with an increase of 127% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are likely to see gradual growth in years to come.

In value terms, silver ore exports contracted notably to $X in 2021. Overall, exports enjoyed tangible growth. The pace of growth was the most pronounced in 2014 with an increase of 76% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Germany (X tons) was the main destination for silver ore exports from Mexico, with a 94% share of total exports. Moreover, silver ore exports to Germany exceeded the volume sent to the second major destination, China (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany stood at +61.6%.

In value terms, Germany ($X) emerged as the key foreign market for silver ore exports from Mexico, comprising 94% of total exports. The second position in the ranking was held by China ($X), with a 6.4% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Germany stood at +26.0%.

Export Prices by Country

The average silver ore export price stood at $X per ton in 2021, with a decrease of -49.4% against the previous year. In general, the export price faced a deep contraction. The most prominent rate of growth was recorded in 2015 when the average export price increased by 21%. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2021, the country with the highest price was Germany ($X per ton), while the average price for exports to China totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (-11.3%), while the prices for the other major destinations experienced a decline.

Silver Ore Imports

Imports into Mexico

In 2021, imports of silver ores and concentrates into Mexico skyrocketed to X tons, surging by 358% against the previous year's figure. Over the period under review, imports posted a buoyant expansion. The growth pace was the most rapid in 2019 with an increase of 1,442% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, silver ore imports skyrocketed to $X in 2021. In general, imports, however, showed a abrupt decline. The most prominent rate of growth was recorded in 2019 when imports increased by 427% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Honduras (X tons) was the main supplier of silver ore to Mexico, accounting for a 99.9% share of total imports. It was followed by Bolivia (X kg), with less than 0.1% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from Honduras stood at +16.3%.

In value terms, Honduras ($X) constituted the largest supplier of silver ore to Mexico, comprising 92% of total imports. The second position in the ranking was taken by Bolivia ($X), with a 3.4% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Honduras stood at +15.6%.

Import Prices by Country

In 2021, the average silver ore import price amounted to $X per ton, shrinking by -73.5% against the previous year. In general, the import price faced a precipitous curtailment. The most prominent rate of growth was recorded in 2018 an increase of 242% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Bolivia ($X per ton), while the price for Honduras stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bolivia (+47.7%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for silver ores and concentrates in the world?

The country with the largest volume of silver ore consumption was China, accounting for 83% of total volume. It was followed by Russia, with a 2.7% share of total consumption.

What are the largest producers of silver ores and concentrates in the world?

The countries with the highest volumes of production in 2021 were Peru, Mexico and Argentina, together accounting for 80% of global production. Russia, South Africa, Bolivia and the Netherlands lagged somewhat behind, together accounting for a further 14%.

What are the leading suppliers of silver ores and concentrates to Mexico?

In value terms, Honduras constituted the largest supplier of silver ore to Mexico, comprising 92% of total imports. The second position in the ranking was taken by Bolivia, with a 3.4% share of total imports.

What are the leading importers of silver ores and concentrates from Mexico?

In value terms, Germany emerged as the key foreign market for silver ore exports from Mexico, comprising 94% of total exports. The second position in the ranking was taken by China, with a 6.4% share of total exports.

What is the average export price for silver ores and concentrates in Mexico?

The average silver ore export price stood at $1,164 per ton in 2021, declining by -49.4% against the previous year.

What is the average import price for silver ores and concentrates in Mexico?

In 2021, the average silver ore import price amounted to $61,431 per ton, declining by -73.5% against the previous year.

This report provides an in-depth analysis of the silver ore market in Mexico. 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.

Product coverage:

Prodcom 07291410 -

Country coverage:

Mexico

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Mexico
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023