India: Market for Precious Metal Ores And Concentrates 2024

Market Size for Precious Metal Ores And Concentrates in India

The Indian market for precious metal ores and concentrates rose to $X in 2022, picking up by X% against the previous year. Overall, the total consumption indicated a resilient increase from 2012 to 2022: its value 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, consumption increased by X% against 2020 indices. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Production of Precious Metal Ores And Concentrates in India

In value terms, precious metal ore and concentrate production amounted 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 most prominent rate of growth was recorded in 2016 when the production volume increased by X% against the previous year. Precious metal ore and concentrate production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

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Exports of Precious Metal Ores And Concentrates

Exports from India

Precious metal ore and concentrate exports from India fell sharply to X tons in 2022, shrinking by X% on the year before. In general, exports showed a dramatic downturn. The most prominent rate of growth was recorded in 2018 with an increase of X%. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, precious metal ore and concentrate exports dropped dramatically to $X in 2022. Over the period under review, exports continue to indicate a precipitous setback. The growth pace was the most rapid in 2018 when exports increased by X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Nepal (X tons) was the main destination for precious metal ore and concentrate exports from India, accounting for a X% share of total exports. Moreover, precious metal ore and concentrate exports to Nepal exceeded the volume sent to the second major destination, Thailand (X kg), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Nepal amounted to X%.

In value terms, Thailand ($X) emerged as the key foreign market for precious metal ores and concentrates exports from India, comprising X% of total exports. The second position in the ranking was taken by Nepal ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Thailand amounted to X%.

Export Prices by Country

In 2022, the average export price for precious metal ores and concentrates amounted to $X per ton, surging by X% against the previous year. In general, the export price, however, saw a dramatic downturn. The most prominent rate of growth was recorded in 2019 when the average export price increased by X%. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Thailand ($X per ton), while the average price for exports to Nepal stood at $X per ton.

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

Imports of Precious Metal Ores And Concentrates

Imports into India

In 2022, purchases abroad of precious metal ores and concentrates increased by X% to X tons, rising for the fourth year in a row after three years of decline. Overall, imports posted a significant increase. The pace of growth was the most pronounced in 2014 with an increase of X%. Over the period under review, imports attained the maximum at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, precious metal ore and concentrate imports soared to $X in 2022. Over the period under review, imports showed significant growth. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Colombia (X tons) was the main precious metal ore and concentrate supplier to India, with a X% share of total imports. It was followed by Peru (X tons), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Colombia totaled X%.

In value terms, Colombia ($X) constituted the largest supplier of precious metal ores and concentrates to India, comprising X% of total imports. The second position in the ranking was held by Peru ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Colombia stood at X%.

Import Prices by Country

In 2022, the average import price for precious metal ores and concentrates amounted to $X per ton, dropping by X% against the previous year. Overall, import price indicated slight growth 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 import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton, and then declined in the following year.

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 ($X per ton), while the price for Peru amounted to $X per ton.

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

Source: IndexBox Platform

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