Report South Africa - Precious Metal Ores and Concentrates - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: Jan 3, 2023

South Africa - Precious Metal Ores and Concentrates - Market Analysis, Forecast, Size, Trends and Insights

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South Africa: Market for Precious Metal Ores And Concentrates 2023

Market Size for Precious Metal Ores And Concentrates in South Africa

In 2021, after four years of growth, there was significant decline in the South African market for precious metal ores and concentrates, when its value decreased by -49% to $X. Overall, consumption showed a deep reduction. Precious metal ore and concentrate consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Precious Metal Ores And Concentrates in South Africa

In value terms, precious metal ore and concentrate production shrank to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a significant increase. The most prominent rate of growth was recorded in 2015 with an increase of 108% against the previous year. Precious metal ore and concentrate production peaked at $X in 2020, and then dropped in the following year.

Exports of Precious Metal Ores And Concentrates

Exports from South Africa

In 2021, after three years of decline, there was significant growth in shipments abroad of precious metal ores and concentrates, when their volume increased by 1,266% to X tons. Overall, exports recorded a resilient increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, precious metal ore and concentrate exports surged to $X in 2021. Over the period under review, exports continue to indicate a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The UK (X tons), Germany (X tons) and Taiwan (Chinese) (X tons) were the main destinations of precious metal ore and concentrate exports from South Africa, with a combined 98% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Taiwan (Chinese) (with a CAGR of +241.3%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for precious metal ore and concentrate exports from South Africa, comprising 86% of total exports. The second position in the ranking was taken by the UK ($X), with a 13% share of total exports. It was followed by Taiwan (Chinese), with a 1.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany stood at +3.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-10.6% per year) and Taiwan (Chinese) (+318.7% per year).

Export Prices by Country

In 2021, the average export price for precious metal ores and concentrates amounted to $X per ton, declining by -20.1% against the previous year. Overall, the export price faced a deep contraction. The most prominent rate of growth was recorded in 2015 when the average export price increased by 160% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Germany ($X per ton), while the average price for exports to China ($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 India (+16,601.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Precious Metal Ores And Concentrates

Imports into South Africa

In 2021, the amount of precious metal ores and concentrates imported into South Africa declined sharply to X tons, reducing by -77.8% against 2020. Overall, imports saw a dramatic decrease. The most prominent rate of growth was recorded in 2020 with an increase of 400%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, precious metal ore and concentrate imports contracted to $X in 2021. Over the period under review, imports recorded a precipitous shrinkage. The smallest decline of -8.6% was in 2020. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Australia (X tons), Zimbabwe (X tons) and Germany (X tons) were the main suppliers of precious metal ore and concentrate imports to South Africa, with a combined 76% share of total imports. These countries were followed by Canada, Finland, Zambia and Burkina Faso, which together accounted for a further 19%.

From 2012 to 2021, the biggest increases were in Canada (with a CAGR of +80.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Australia ($X) constituted the largest supplier of precious metal ore and concentrate to South Africa, comprising 32% of total imports. The second position in the ranking was held by Zimbabwe ($X), with a 14% share of total imports. It was followed by Germany, with an 8% share.

From 2012 to 2021, the average annual growth rate of value from Australia totaled -33.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Zimbabwe (-59.9% per year) and Germany (+70.2% per year).

Import Prices by Country

The average import price for precious metal ores and concentrates stood at $X per ton in 2021, increasing by 310% against the previous year. Overall, the import price recorded a resilient increase. The most prominent rate of growth was recorded in 2016 when the average import price increased by 342% against the previous year. As a result, import price attained the peak level of $X per ton. From 2017 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+12.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

Base Year Historical Period Forecast Period Units
2022 2012-2022 2023-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for precious metal ores and concentrates in the world?
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The country with the largest volume of precious metal ore and concentrate consumption was China, comprising approx. 30% of total volume. Moreover, precious metal ore and concentrate consumption in China exceeded the figures recorded by the second-largest consumer, the United States, sevenfold. The third position in this ranking was taken by Kyrgyzstan, with a 4.3% share.
What are the largest producers of precious metal ores and concentrates in the world?
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The countries with the highest volumes of production in 2021 were Kyrgyzstan, Peru and Australia, with a combined 20% share of global production. These countries were followed by Russia, the United States, Brazil, India, Indonesia, Pakistan, Mexico, Bangladesh, Ecuador and Turkey, which together accounted for a further 37%.
What are the leading suppliers of precious metal ores and concentrates to South Africa?
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In value terms, Australia constituted the largest supplier of precious metal ore and concentrate to South Africa, comprising 32% of total imports. The second position in the ranking was taken by Zimbabwe, with a 14% share of total imports. It was followed by Germany, with an 8% share.
What are the leading importers of precious metal ores and concentrates from South Africa?
+
In value terms, Germany remains the key foreign market for precious metal ore and concentrate exports from South Africa, comprising 86% of total exports. The second position in the ranking was taken by the UK, with a 13% share of total exports. It was followed by Taiwan Chinese), with a 1.3% share.
What is the average export price for precious metal ores and concentrates in South Africa?
+
The average export price for precious metal ores and concentrates stood at $37,594 per ton in 2021, reducing by -20.1% against the previous year.
What is the average import price for precious metal ores and concentrates in South Africa?
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The average import price for precious metal ores and concentrates stood at $5,048 per ton in 2021, surging by 310% against the previous year.

This report provides an in-depth analysis of the market for precious metal ore and concentrate in South Africa. 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 07291400 - Precious metal ores and concentrates
Country coverage:
• South Africa

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in South Africa
• 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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
REPORT DESCRIPTION
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2012–2022
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption In 2007-2022
Table 5:
Imports, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Value Terms, By Country, 2012–2022
Table 7:
Import Prices, By Country Of Origin, 2012–2022
Table 8:
Exports, In Physical Terms, By Country, 2012–2022
Table 9:
Exports, In Value Terms, By Country, 2012–2022
Table 10:
Export Prices, By Country Of Destination, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2022
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2022
Figure 5:
Trade Balance, In Physical Terms, 2007-2022
Figure 6:
Trade Balance, In Value Terms, 2007-2022
Figure 7:
Per Capita Consumption, 2007-2022
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2012–2022
Figure 21:
Production, In Value Terms, 2012–2022
Figure 22:
Imports, In Physical Terms, 2012–2022
Figure 23:
Imports, In Value Terms, 2012–2022
Figure 24:
Imports, In Physical Terms, By Country, 2022
Figure 25:
Imports, In Physical Terms, By Country, 2012–2022
Figure 26:
Imports, In Value Terms, By Country, 2012–2022
Figure 27:
Import Prices, By Country Of Origin, 2012–2022
Figure 28:
Exports, In Physical Terms, 2012–2022
Figure 29:
Exports, In Value Terms, 2012–2022
Figure 30:
Exports, In Physical Terms, By Country, 2022
Figure 31:
Exports, In Physical Terms, By Country, 2012–2022
Figure 32:
Exports, In Value Terms, By Country, 2012–2022
Figure 33:
Export Prices, By Country Of Destination, 2012–2022
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