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

U.S. - Precious Metal Ores and Concentrates - Market Analysis, Forecast, Size, Trends and Insights

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U.S.: Market for Precious Metal Ores And Concentrates 2023

Market Size for Precious Metal Ores And Concentrates in the U.S.

After seven years of growth, the U.S. market for precious metal ores and concentrates decreased by -7.1% to $X in 2021. In general, consumption, however, posted a prominent expansion. Precious metal ore and concentrate consumption peaked at $X in 2020, and then dropped in the following year.

Production of Precious Metal Ores And Concentrates in the U.S.

In value terms, precious metal ore and concentrate production dropped to $X in 2021. Over the period under review, production continues to indicate a deep contraction. The pace of growth was the most pronounced in 2015 with an increase of 56% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2021, production growth remained at a lower figure.

Exports of Precious Metal Ores And Concentrates

Exports from the U.S.

In 2021, the amount of precious metal ores and concentrates exported from the United States surged to X tons, jumping by 39% on the previous year's figure. In general, exports posted a temperate increase. The pace of growth appeared the most rapid in 2013 when exports increased by 76%. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, precious metal ore and concentrate exports amounted to $X in 2021. Over the period under review, exports, however, continue to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2018 when exports increased by 29% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Germany (X tons), South Korea (X tons) and Japan (X tons) were the main destinations of precious metal ore and concentrate exports from the United States, together comprising 65% of total exports. Taiwan (Chinese), Norfolk Island, Belgium, the UK, China and Mexico lagged somewhat behind, together comprising a further 31%.

From 2012 to 2021, the biggest increases were in Norfolk Island (with a CAGR of +423.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for precious metal ore and concentrate exported from the United States were Taiwan (Chinese) ($X), Japan ($X) and Germany ($X), with a combined 90% share of total exports.

Among the main countries of destination, Taiwan (Chinese), with a CAGR of +152.6%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for precious metal ores and concentrates stood at $X per ton in 2021, falling by -24.7% against the previous year. Over the period under review, the export price showed a abrupt setback. The growth pace was the most rapid in 2014 when the average export price increased by 74% 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 lower figure.

Prices varied noticeably country of destination: the country with the highest price was Taiwan (Chinese) ($X per ton), while the average price for exports to the UK ($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 Taiwan (Chinese) (+34.4%), while the prices for the other major destinations experienced a decline.

Imports of Precious Metal Ores And Concentrates

Imports into the U.S.

Precious metal ore and concentrate imports into the United States fell to X tons in 2021, which is down by -14% against the year before. Over the period under review, imports continue to indicate a significant contraction. The most prominent rate of growth was recorded in 2020 with an increase of 462%. 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 dramatically to $X in 2021. Overall, imports faced a significant decline. The growth pace was the most rapid in 2020 with an increase of 7,573% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Mexico (X tons) constituted the largest supplier of precious metal ore and concentrate to the United States, with a 73% share of total imports. Moreover, precious metal ore and concentrate imports from Mexico exceeded the figures recorded by the second-largest supplier, Canada (X tons), threefold.

From 2012 to 2021, the average annual growth rate of volume from Mexico amounted to -4.8%.

In value terms, Mexico ($X) constituted the largest supplier of precious metal ore and concentrate to the United States, comprising 89% of total imports. The second position in the ranking was held by Canada ($X), with an 11% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Mexico totaled -19.1%.

Import Prices by Country

In 2021, the average import price for precious metal ores and concentrates amounted to $X per ton, with a decrease of -68.3% against the previous year. Overall, the import price, however, saw a temperate expansion. The pace of growth appeared the most rapid in 2020 an increase of 1,265% against the previous year. As a result, import price reached the peak level of $X per ton, and then contracted significantly in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (-7.8%).

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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China remains the largest precious metal ore and concentrate consuming country worldwide, accounting for 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 held 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, together accounting for 20% 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 the U.S.?
+
In value terms, Mexico constituted the largest supplier of precious metal ore and concentrate to the United States, comprising 89% of total imports. The second position in the ranking was taken by Canada, with an 11% share of total imports.
What are the leading importers of precious metal ores and concentrates from the U.S.?
+
In value terms, Taiwan Chinese), Japan and Germany were the largest markets for precious metal ore and concentrate exported from the United States worldwide, with a combined 90% share of total exports.
What is the average export price for precious metal ores and concentrates in the U.S.?
+
The average export price for precious metal ores and concentrates stood at $7,107 per ton in 2021, declining by -24.7% against the previous year.
What is the average import price for precious metal ores and concentrates in the U.S.?
+
The average import price for precious metal ores and concentrates stood at $102,710 per ton in 2021, which is down by -68.3% against the previous year.

This report provides an in-depth analysis of the market for precious metal ore and concentrate in the U.S.. 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:
• United States

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in the U.S.
• 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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