China: Market for Precious Metal Ores And Concentrates 2024

Market Size for Precious Metal Ores And Concentrates in China

For the seventh year in a row, the Chinese market for precious metal ores and concentrates recorded growth in sales value, which increased by X% to $X in 2022. Over the period under review, consumption enjoyed a buoyant increase. Precious metal ore and concentrate consumption peaked in 2022 and is likely to continue growth in the immediate term.

Exports of Precious Metal Ores And Concentrates

Exports from China

In 2022, the amount of precious metal ores and concentrates exported from China skyrocketed to X tons, rising by X% against the previous year. In general, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X,700%. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, precious metal ore and concentrate exports soared to $X in 2022. Overall, exports posted resilient growth. The most prominent rate of growth was recorded in 2018 when exports increased by X,500% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.

Exports by Country

Finland (X tons), Germany (X tons) and Hong Kong SAR (X kg) were the main destinations of precious metal ore and concentrate exports from China, with a combined X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of X%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for precious metal ore and concentrate exported from China were Finland ($X), Germany ($X) and Hong Kong SAR ($X), together accounting for X% of total exports.

Among the main countries of destination, Germany, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average export price for precious metal ores and concentrates stood at $X per ton in 2022, with an increase of X% against the previous year. In general, the export price posted a buoyant expansion. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Imports of Precious Metal Ores And Concentrates

Imports into China

In 2022, precious metal ore and concentrate imports into China soared to X tons, rising by X% against 2021. In general, imports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, precious metal ore and concentrate imports rose markedly to $X in 2022. Over the period under review, imports posted a resilient increase. The pace of growth appeared the most rapid in 2013 when imports increased by X%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Peru (X tons) constituted the largest precious metal ore and concentrate supplier to China, accounting for a X% share of total imports. Moreover, precious metal ore and concentrate imports from Peru exceeded the figures recorded by the second-largest supplier, Tajikistan (X tons), threefold. The third position in this ranking was held by Mexico (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Peru stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Tajikistan (X% per year) and Mexico (X% per year).

In value terms, Peru ($X), Mexico ($X) and Australia ($X) appeared to be the largest precious metal ore and concentrate suppliers to China, together accounting for X% of total imports. Russia, Bolivia, Indonesia, Canada, Ecuador, Tajikistan, Spain, Bulgaria, Greece and Mongolia lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Mongolia, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for precious metal ores and concentrates amounted to $X per ton, which is down by X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of X%. Over the period under review, average import prices hit record highs at $X per ton in 2021, and then declined in the following year.

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

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

Source: IndexBox Platform

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