
Vietnam - Precious Metal Ores and Concentrates - Market Analysis, Forecast, Size, Trends and Insights
Vietnam: Market for Precious Metal Ores And Concentrates 2023
Market Size for Precious Metal Ores And Concentrates in Vietnam
For the third consecutive year, the Vietnamese market for precious metal ores and concentrates recorded growth in sales value, which increased by 5.7% to $X in 2021. Overall, consumption continues to indicate significant growth. Precious metal ore and concentrate consumption peaked in 2021 and is likely to see gradual growth in the immediate term.
Production of Precious Metal Ores And Concentrates in Vietnam
In value terms, precious metal ore and concentrate production amounted to $X in 2021 estimated in export price. In general, production continues to indicate a prominent increase. The pace of growth was the most pronounced in 2016 with an increase of 197%. Over the period under review, production reached the peak level at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.
Exports of Precious Metal Ores And Concentrates
Exports from Vietnam
Precious metal ore and concentrate exports from Vietnam dropped rapidly to X tons in 2021, with a decrease of -52.7% on the previous year. In general, exports continue to indicate a abrupt descent. The growth pace was the most rapid in 2017 when exports increased by 735%. Over the period under review, the exports attained the peak figure at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.
In value terms, precious metal ore and concentrate exports dropped rapidly to $X in 2021. Over the period under review, exports faced a deep contraction. The pace of growth appeared the most rapid in 2017 when exports increased by 1,121%. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.
Exports by Country
China (X tons) was the main destination for precious metal ore and concentrate exports from Vietnam, with a approx. 100% share of total exports.
From 2012 to 2021, the average annual rate of growth in terms of volume to China totaled -18.1%.
In value terms, China ($X) also remains the key foreign market for precious metal ore and concentrate exports from Vietnam.
From 2012 to 2021, the average annual growth rate of value to China amounted to -12.0%.
Export Prices by Country
The average export price for precious metal ores and concentrates stood at $X per ton in 2021, waning by -30.6% against the previous year. Overall, the export price, however, saw a strong expansion. The pace of growth appeared the most rapid in 2017 an increase of 46%. As a result, the export price attained the peak level of $X per ton. From 2018 to 2021, the average export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for China.
From 2012 to 2021, the rate of growth in terms of prices for China amounted to +7.5% per year.
Imports of Precious Metal Ores And Concentrates
Imports into Vietnam
After five years of growth, overseas purchases of precious metal ores and concentrates decreased by -12.1% to X tons in 2021. In general, imports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2020 when imports increased by 258%. As a result, imports attained the peak of X tons, and then declined in the following year.
In value terms, precious metal ore and concentrate imports contracted significantly to $X in 2021. Over the period under review, imports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 535%. As a result, imports reached the peak of $X, and then dropped markedly in the following year.
Imports by Country
In 2021, Lao People's Democratic Republic (X tons) was the main precious metal ore and concentrate supplier to Vietnam, with a approx. 100% share of total imports.
From 2012 to 2021, the average annual growth rate of volume from Lao People's Democratic Republic amounted to +23.5%.
In value terms, Lao People's Democratic Republic ($X) constituted the largest supplier of precious metal ore and concentrate to Vietnam.
From 2012 to 2021, the average annual rate of growth in terms of value from Lao People's Democratic Republic totaled +60.7%.
Import Prices by Country
In 2021, the average import price for precious metal ores and concentrates amounted to $X per ton, reducing by -7% against the previous year. In general, the import price, however, showed significant growth. The pace of growth was the most pronounced in 2019 when the average import price increased by 182%. The import price peaked at $X per ton in 2020, and then contracted in the following year.
As there is only one major supplying country, the average price level is determined by prices for Lao People's Democratic Republic.
From 2012 to 2021, the rate of growth in terms of prices for Lao People's Democratic Republic amounted to +30.1% per year.
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the market for precious metal ore and concentrate in Vietnam. 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.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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