Vietnam: Gold Ore Market 2020

Gold Ore Market Size in Vietnam

The revenue of the gold ore market in Vietnam amounted to $X in 2017, dropping by -X% against the previous year. Overall, gold ore consumption continues to indicate a prominent expansion. The growth pace was the most rapid in 2008, when market value increased by X% year-to-year. Vietnam gold ore consumption peaked of $X in 2012; however, from 2013 to 2017, it failed to regain its momentum.

Gold Ore Production in Vietnam

In 2017, production of gold ores and concentrates in Vietnam amounted to X tons, approximately reflecting the previous year. The total output volume increased an average annual rate of +X% from 2007 to 2017; the trend pattern remained consistent, with somewhat noticeable fluctuations over the period under review. The growth pace was the most rapid in 2013, with an increase of X% y-o-y. Over the period under review, the gold ore production reached its maximum volume in 2017, and is likely to continue its growth in the immediate term.

Gold Ore Exports from Vietnam

In 2017, approx. X tons of gold ores and concentrates were exported from Vietnam; falling by -X% against the previous year. Overall, gold ore exports continue to indicate a deep decrease. The most prominent rate of growth was recorded in 2011, when exports increased by X% year-to-year. In that year, the gold ore exports reached their peak volume of X tons. From 2012 to 2017, growth of the gold ore exports failed to regain its momentum.

In value terms, gold ore exports totaled $X in 2017. Overall, gold ore exports continue to indicate a deep setback. In that year, the gold ore exports reached their peak level of $X. From 2012 to 2017, growth of the gold ore exports failed to regain its momentum.

Gold Ore Exports by Country from Vietnam

In 2017, Australia (X tons) was the major exporter for gold ores and concentrates, constituting X% of total exports. Russia (X tons) ranks second in terms of the global exports with a X% share, followed by Turkey (X%) and Tanzania (X%). The following exporters - Greece (X tons), Ecuador (X tons), Papua New Guinea (X tons), Peru (X tons), Malaysia (X tons) and Spain (X tons) together made up X% of total exports.

From 2007 to 2017, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Greece (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, Australia ($X) remains the largest gold ore supplier from Vietnam, making up X% of global exports. The second position in the ranking was occupied by Russia ($X), with a X% share of global exports. It was followed by Tanzania, with a X% share.

From 2007 to 2017, the average annual growth rate of value in Australia stood at +X%. The remaining exporting countries recorded the following average annual rates of exports growth: Russia (+X% per year) and Tanzania (+X% per year).

Gold Ore Export Prices by Country in Vietnam

In 2017, the gold ore export price in Vietnam amounted to $X per ton, rising by X% against the previous year. Overall, the export price indicated a remarkable growth from 2007 to 2017: its price increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the gold ore export price increased by +X% against 2007 indices. The most prominent rate of growth was recorded in 2011, an increase of X% against the previous year. Over the period under review, the export prices for gold ores and concentrates attained its maximum level in 2017, and is likely to see steady growth in the immediate term.

There were significant differences in the average export prices amongst the major exporting countries. In 2017, the country with the highest export price was Tanzania ($X per ton), while Greece ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Greece (+X% per year), while the other leaders experienced more modest paces of growth.

Gold Ore Imports into Vietnam

In 2017, the amount of gold ores and concentrates imported into Vietnam amounted to X kg, shrinking by -X% against the previous year. In general, gold ore imports continue to indicate a sharp decrease. The most prominent rate of growth was recorded in 2008, when it surged by -X% y-o-y. Vietnam imports peaked of X tons in 2007; however, from 2008 to 2017, it failed to regain its momentum.

In value terms, gold ore imports amounted to $X in 2017. Overall, gold ore imports continue to indicate a sharp contraction. Over the period under review, the gold ore imports attained its peak figure level of $X in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

Gold Ore Imports by Country into Vietnam

In 2017, South Korea (X tons), distantly followed by China (X tons), the UK (X tons) and Mexico (X tons) were the main importers of gold ores and concentrates, together achieving X% of total imports. The Philippines (X tons), Kazakhstan (X tons), Belgium (X tons) and India (X tons) took the weak share of total imports.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by India (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported gold ores and concentrates into Vietnam, making up X% of global imports. The second position in the ranking was occupied by the UK ($X), with a X% share of global imports. It was followed by South Korea, with a X% share.

From 2007 to 2017, the average annual rate of growth in terms of value in China amounted to +X%. The remaining importing countries recorded the following average annual rates of imports growth: the UK (-X% per year) and South Korea (+X% per year).

Gold Ore Import Prices by Country in Vietnam

In 2017, the gold ore import price in Vietnam amounted to $X per kg, jumping by X% against the previous year. Overall, gold ore import price continues to indicate a strong expansion. The most prominent rate of growth was recorded in 2017, when the import prices increased by X% year-to-year. In that year, the import prices for gold ores and concentrates attained their peak level, and is likely to continue its growth in the immediate term.

Import prices varied noticeably by the country of destination; the country with the highest import price was the Philippines ($X per kg), while Mexico ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by the Philippines (+X% per year), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform