Switzerland: Market for Precious Metal Ores And Concentrates 2023

Market Size for Precious Metal Ores And Concentrates in Switzerland

The Swiss market for precious metal ores and concentrates was estimated at $X in 2021, approximately reflecting the previous year. Over the period under review, consumption, however, showed a prominent expansion. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Production of Precious Metal Ores And Concentrates in Switzerland

In value terms, precious metal ore and concentrate production expanded to $X in 2021 estimated in export price. Overall, production recorded prominent growth. The pace of growth was the most pronounced in 2016 with an increase of 116%. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Exports of Precious Metal Ores And Concentrates

Exports from Switzerland

For the fifth year in a row, Switzerland recorded growth in shipments abroad of precious metal ores and concentrates, which increased by 7.8% to X tons in 2021. In general, exports recorded a strong expansion. The pace of growth appeared the most rapid in 2015 when exports increased by 86% against the previous year. The exports peaked in 2021 and are likely to see steady growth in the immediate term.

In value terms, precious metal ore and concentrate exports contracted markedly to $X in 2021. Over the period under review, exports recorded a measured expansion. The most prominent rate of growth was recorded in 2014 with an increase of 96%. Over the period under review, the exports attained the peak figure at $X in 2020, and then shrank sharply in the following year.

Exports by Country

Malaysia (X tons) was the main destination for precious metal ore and concentrate exports from Switzerland, with a approx. 99.9% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Malaysia totaled +18.2%.

In value terms, Malaysia ($X) emerged as the key foreign market for precious metal ore and concentrate exports from Switzerland.

From 2012 to 2021, the average annual growth rate of value to Malaysia stood at +5.4%.

Export Prices by Country

The average export price for precious metal ores and concentrates stood at $X per ton in 2021, reducing by -38.1% against the previous year. Over the period under review, the export price showed a abrupt curtailment. The most prominent rate of growth was recorded in 2014 when the average export price increased by 65% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a somewhat lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for Malaysia amounted to -10.8% per year.

Imports of Precious Metal Ores And Concentrates

Imports into Switzerland

In 2021, purchases abroad of precious metal ores and concentrates decreased by -18.6% to X tons, falling for the second year in a row after two years of growth. Overall, imports recorded a sharp downturn. The pace of growth appeared the most rapid in 2015 when imports increased by 266% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, precious metal ore and concentrate imports reduced rapidly to $X in 2021. Over the period under review, imports saw a dramatic setback. The growth pace was the most rapid in 2015 with an increase of 227%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Armenia (X tons) constituted the largest precious metal ore and concentrate supplier to Switzerland, with a 58% share of total imports. Moreover, precious metal ore and concentrate imports from Armenia exceeded the figures recorded by the second-largest supplier, Finland (X tons), threefold. The third position in this ranking was taken by Mexico (X tons), with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Armenia stood at -17.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (+691.0% per year) and Mexico (-33.0% per year).

In value terms, Finland ($X) constituted the largest supplier of precious metal ore and concentrate to Switzerland, comprising 80% of total imports. The second position in the ranking was taken by Armenia ($X), with a 7.4% share of total imports. It was followed by Mexico, with a 4.8% share.

From 2012 to 2021, the average annual growth rate of value from Finland totaled +218.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Armenia (-31.6% per year) and Mexico (-39.4% per year).

Import Prices by Country

The average import price for precious metal ores and concentrates stood at $X per ton in 2021, leveling off at the previous year. In general, the import price, however, showed a noticeable contraction. The growth pace was the most rapid in 2013 when the average import price increased by 108% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 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 Finland ($X per ton), while the price for Armenia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (+9.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

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