Asia: Market for Precious Metal Ores And Concentrates 2024

Market Size for Precious Metal Ores And Concentrates in Asia

The Asian market for precious metal ores and concentrates expanded rapidly to $X in 2022, growing by X% against the previous year. Over the period under review, consumption recorded a resilient increase. The level of consumption peaked in 2022 and is expected to retain growth in the immediate term.

Production of Precious Metal Ores And Concentrates in Asia

In value terms, precious metal ore and concentrate production fell modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

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Exports of Precious Metal Ores And Concentrates

Exports in Asia

In 2022, after two years of decline, there was significant growth in overseas shipments of precious metal ores and concentrates, when their volume increased by X% to X tons. Overall, exports saw prominent growth. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, precious metal ore and concentrate exports soared to $X in 2022. Over the period under review, exports showed resilient growth. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

The biggest shipments were from Kazakhstan (X tons), Kyrgyzstan (X tons) and Mongolia (X tons), together recording X% of total export. Turkey (X tons) took an X% share (based on physical terms) of total exports, which put it in second place, followed by Tajikistan (X%) and Georgia (X%). Armenia (X tons) and Taiwan (Chinese) (X tons) held a little share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Tajikistan (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Kazakhstan ($X) remains the largest precious metal ore and concentrate supplier in Asia, comprising X% of total exports. The second position in the ranking was held by Tajikistan ($X), with a X% share of total exports. It was followed by Taiwan (Chinese), with a X% share.

In Kazakhstan, precious metal ore and concentrate exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Tajikistan (X% per year) and Taiwan (Chinese) (X% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2022, rising by X% against the previous year. Export price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, precious metal ore and concentrate export price increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2016 an increase of X%. The level of export peaked in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while Mongolia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the other leaders experienced more modest paces of growth.

Imports of Precious Metal Ores And Concentrates

Imports in Asia

For the fifth consecutive year, Asia recorded growth in overseas purchases of precious metal ores and concentrates, which increased by X% to X tons in 2022. Over the period under review, imports showed prominent growth. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in the immediate term.

In value terms, precious metal ore and concentrate imports stood at $X in 2022. In general, imports showed a resilient increase. The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

China prevails in imports structure, reaching X tons, which was near X% of total imports in 2022. The following importers - Kazakhstan (X tons), Georgia (X tons) and South Korea (X tons) - together made up X% of total imports.

Imports into China increased at an average annual rate of X% from 2012 to 2022. At the same time, Georgia (X%), Kazakhstan (X%) and South Korea (X%) displayed positive paces of growth. Moreover, Georgia emerged as the fastest-growing importer imported in Asia, with a CAGR of X% from 2012-2022. While the share of China (X p.p.) and Georgia (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of South Korea (X p.p.) and Kazakhstan (X p.p.) displayed negative dynamics.

In value terms, China ($X) constitutes the largest market for imported precious metal ores and concentrates in Asia, comprising X% of total imports. The second position in the ranking was held by Kazakhstan ($X), with a X% share of total imports. It was followed by South Korea, with a X% share.

In China, precious metal ore and concentrate imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Kazakhstan (X% per year) and South Korea (X% per year).

Import Prices by Country

The import price in Asia stood at $X per ton in 2022, declining by X% against the previous year. In general, the import price saw a noticeable setback. The most prominent rate of growth was recorded in 2021 an increase of X%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was South Korea ($X per ton), while Georgia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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