Report Update: Apr 1, 2024

Peru - Precious Metal Ores And Concentrates - Market Analysis, Forecast, Size, Trends and Insights

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Price for Precious Metal Ore and Concentrate in Peru - 2021

Price for Precious Metal Ore and Concentrate in Peru (FOB) - 2021

In April 2020, the average export price for precious metal ores and concentrates amounted to $2,078 per ton, with an increase of 11% against the previous month. In general, the export price, however, continues to indicate a relatively flat trend pattern. Over the period under review, the average export prices attained the maximum at $2,125 per ton in January 2020; afterwards, it flattened through to April 2020.

Prices varied noticeably by the country of destination: the country with the highest price was Bulgaria ($4,240 per ton), while the average price for exports to China ($1,978 per ton) was amongst the lowest.

From January 2020 to April 2020, the most notable rate of growth in terms of prices was recorded for supplies to Bulgaria (+13.0%), while the prices for the other major destinations experienced mixed trend patterns.

Price for Precious Metal Ore and Concentrate in Peru (CIF) - 2022

In 2022, the average import price for precious metal ores and concentrates amounted to $5,543 per ton, which is down by -46.5% against the previous year. Overall, the import price showed a abrupt shrinkage. The growth pace was the most rapid in 2021 when the average import price increased by 181% against the previous year. The import price peaked at $11,458 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Colombia ($48,829 per ton), while the price for Chile ($891 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (+104.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Precious Metal Ore and Concentrate in Peru

Precious metal ore and concentrate exports from Peru soared to 624K tons in 2022, increasing by 21% on the previous year's figure. Overall, exports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 73% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, precious metal ore and concentrate exports reduced to $1.4B in 2022. Over the period under review, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 81%. As a result, the exports attained the peak of $1.5B, and then reduced in the following year.

Export of Precious Metal Ore and Concentrate in Peru (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	545	650	1,226	1,130	27.5%
South Korea	36.6	53.9	100	92.3	36.1%
Others	134	103	135	154	4.7%
Total	716	806	1,461	1,376	24.3%

Top Export Markets for Precious Metal Ore and Concentrate from Peru in 2022:

China (595.4K tons)
South Korea (10.4K tons)

Imports of Precious Metal Ore and Concentrate in Peru

In 2022, the amount of precious metal ores and concentrates imported into Peru surged to 6K tons, picking up by 236% against the previous year. Overall, imports, however, recorded a deep contraction.

In value terms, precious metal ore and concentrate imports soared to $33M in 2022. In general, imports, however, recorded a abrupt contraction.

Import of Precious Metal Ore and Concentrate in Peru (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Argentina	13.3	2.7	9.3	16.6	7.7%
Colombia	2.8	10.6	2.6	6.4	31.7%
Bolivia	0.5	15.6	0.3	5.0	115.4%
Ecuador	N/A	2.9	2.0	3.5	9.9%
Chile	2.2	1.4	0.1	1.9	-4.8%
Switzerland	9.5	7.4	N/A	N/A	-22.1%
United States	17.5	N/A	N/A	N/A	0%
Others	N/A	1.4	4.2	N/A	200.0%
Total	45.8	41.9	18.6	33.4	-10.0%

Top Suppliers of Precious Metal Ore and Concentrate to Peru in 2022:

Chile (2.1K tons)
Bolivia (1.9K tons)
Argentina (1.0K tons)
Ecuador (0.9K tons)
Colombia (0.1K tons)

Source: IndexBox Market Intelligence Platform

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

Peru

Data coverage:

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

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
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. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023