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

United Kingdom - Precious Metal Ores and Concentrates - Market Analysis, Forecast, Size, Trends and Insights

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United Kingdom: Market for Precious Metal Ores And Concentrates 2023

Market Size for Precious Metal Ores And Concentrates in the UK

After three years of growth, the UK market for precious metal ores and concentrates decreased by -1% to $X in 2021. Over the period under review, consumption enjoyed a significant increase. Over the period under review, the market reached the peak level at $X in 2020, and then contracted in the following year.

Production of Precious Metal Ores And Concentrates in the UK

In value terms, precious metal ore and concentrate production declined to $X in 2021 estimated in export price. Over the period under review, production saw a significant increase. The growth pace was the most rapid in 2016 with an increase of 67% against the previous year. Precious metal ore and concentrate production peaked at $X in 2020, and then dropped modestly in the following year.

Exports of Precious Metal Ores And Concentrates

Exports from the UK

In 2021, after two years of decline, there was significant growth in overseas shipments of precious metal ores and concentrates, when their volume increased by 6,398% to X tons. Over the period under review, exports recorded a significant expansion. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, precious metal ore and concentrate exports skyrocketed to $X in 2021. In general, exports enjoyed a resilient expansion. The growth pace was the most rapid in 2016 when exports increased by 2,632%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

France (X tons) was the main destination for precious metal ore and concentrate exports from the UK, with a 66% share of total exports. Moreover, precious metal ore and concentrate exports to France exceeded the volume sent to the second major destination, Malaysia (X tons), fourfold. Romania (X tons) ranked third in terms of total exports with a 5.2% share.

From 2012 to 2021, the average annual growth rate of volume to France was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+247.8% per year) and Romania (+395.1% per year).

In value terms, Malaysia ($X) emerged as the key foreign market for precious metal ore and concentrate exports from the UK, comprising 90% of total exports. The second position in the ranking was taken by France ($X), with a 0.9% share of total exports. It was followed by Mongolia, with a 0.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Malaysia totaled +160.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (0.0% per year) and Mongolia (+5.5% per year).

Export Prices by Country

The average export price for precious metal ores and concentrates stood at $X per ton in 2021, with a decrease of -72.1% against the previous year. Overall, the export price saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2014 an increase of 598%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Malaysia ($X per ton), while the average price for exports to Finland ($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 Italy (-16.4%), while the prices for the other major destinations experienced a decline.

Imports of Precious Metal Ores And Concentrates

Imports into the UK

After six years of growth, supplies from abroad of precious metal ores and concentrates decreased by -0.8% to X tons in 2021. In general, imports, however, saw a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 208%. As a result, imports reached the peak of X tons, leveling off in the following year.

In value terms, precious metal ore and concentrate imports soared to $X in 2021. Overall, imports, however, showed a prominent increase. The pace of growth appeared the most rapid in 2017 when imports increased by 57% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, Germany (X tons) was the main precious metal ore and concentrate supplier to the UK, accounting for a 97% share of total imports. It was followed by South Africa (X tons), with a 2.8% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany totaled +96.5%.

In value terms, the largest precious metal ore and concentrate suppliers to the UK were Germany ($X) and South Africa ($X).

In terms of the main suppliers, Germany, with a CAGR of +86.6%, recorded the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

In 2021, the average import price for precious metal ores and concentrates amounted to $X per kg, growing by 24% against the previous year. Over the period under review, the import price, however, recorded a deep contraction. The growth pace was the most rapid in 2017 an increase of 30%. Over the period under review, average import prices reached the maximum at $X per kg in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was South Africa ($X per kg), while the price for Germany totaled $X per kg.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Africa (+14.5%).

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?
+
The countries with the highest volumes of production in 2021 were Kyrgyzstan, Peru and Australia, with a combined 20% share of global production. Russia, the United States, Brazil, India, Indonesia, Pakistan, Mexico, Bangladesh, Ecuador and Turkey lagged somewhat behind, together comprising a further 37%.
What are the leading suppliers of precious metal ores and concentrates to the UK?
+
In value terms, the largest precious metal ore and concentrate suppliers to the UK were Germany and South Africa.
What are the leading importers of precious metal ores and concentrates from the UK?
+
In value terms, Malaysia emerged as the key foreign market for precious metal ore and concentrate exports from the UK, comprising 90% of total exports. The second position in the ranking was taken by France, with a 0.9% share of total exports. It was followed by Mongolia, with a 0.8% share.
What is the average export price for precious metal ores and concentrates in the UK?
+
In 2021, the average export price for precious metal ores and concentrates amounted to $22,589 per ton, dropping by -72.1% against the previous year.
What is the average import price for precious metal ores and concentrates in the UK?
+
In 2021, the average import price for precious metal ores and concentrates amounted to $645 per kg, with an increase of 24% against the previous year.

This report provides an in-depth analysis of the market for precious metal ore and concentrate in the UK. 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 Kingdom

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