South-Eastern Asia: Market for Precious Metal Ores And Concentrates 2024

Market Size for Precious Metal Ores And Concentrates in South-Eastern Asia

In 2022, the Southeast Asian market for precious metal ores and concentrates decreased by X% to $X, falling for the second year in a row after nine years of growth. The total consumption indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Precious Metal Ores And Concentrates in South-Eastern Asia

In value terms, precious metal ore and concentrate production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2016 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2020; afterwards, it flattened through to 2022.

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Exports of Precious Metal Ores And Concentrates

Exports in South-Eastern Asia

In 2022, exports of precious metal ores and concentrates in South-Eastern Asia shrank rapidly to X tons, which is down by X% on the year before. In general, exports, however, saw a notable increase. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, the exports reached the maximum at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, precious metal ore and concentrate exports fell remarkably to $X in 2022. Overall, exports continue to indicate a deep setback. The pace of growth appeared the most rapid in 2016 with an increase of X%. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Malaysia represented the major exporting country with an export of about X tons, which amounted to X% of total exports. Vietnam (X tons) ranks second in terms of the total exports with a X% share, followed by the Philippines (X%) and Lao People's Democratic Republic (X%). Cambodia (X tons) and Myanmar (X tons) followed a long way behind the leaders.

Malaysia was also the fastest-growing in terms of the precious metal ores and concentrates exports, with a CAGR of X% from 2012 to 2022. At the same time, Cambodia (X%) displayed positive paces of growth. Myanmar experienced a relatively flat trend pattern. By contrast, Lao People's Democratic Republic (X%), Vietnam (X%) and the Philippines (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Malaysia and Cambodia increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Malaysia ($X) emerged as the largest precious metal ore and concentrate supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Myanmar ($X), with a X% share of total exports. It was followed by Lao People's Democratic Republic, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Malaysia stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Myanmar (X% per year) and Lao People's Democratic Republic (X% per year).

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, with a decrease of X% against the previous year. Over the period under review, the export price recorded a abrupt curtailment. The growth pace was the most rapid in 2015 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2016 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Myanmar ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Myanmar (X%), while the other leaders experienced more modest paces of growth.

Imports of Precious Metal Ores And Concentrates

Imports in South-Eastern Asia

In 2022, overseas purchases of precious metal ores and concentrates were finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. Over the period under review, imports showed a significant increase. The most prominent rate of growth was recorded in 2013 when imports increased by X%. The volume of import peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, precious metal ore and concentrate imports contracted to $X in 2022. In general, imports recorded significant growth. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Malaysia (X tons) represented the largest importer of precious metal ores and concentrates in South-Eastern Asia, committing X% of total import.

Malaysia was also the fastest-growing in terms of the precious metal ores and concentrates imports, with a CAGR of X% from 2012 to 2022. Malaysia (X p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Malaysia ($X) constitutes the largest market for imported precious metal ores and concentrates in South-Eastern Asia.

From 2012 to 2022, the average annual growth rate of value in Malaysia stood at X%.

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per ton, dropping by X% against the previous year. In general, the import price, however, continues to indicate a strong expansion. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Malaysia.

From 2012 to 2022, the rate of growth in terms of prices for Malaysia amounted to X% per year.

Source: IndexBox Platform

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