MERCOSUR: Market for Precious Metal Ores And Concentrates 2024

Market Size for Precious Metal Ores And Concentrates in MERCOSUR

The MERCOSUR market for precious metal ores and concentrates rose notably to $X in 2022, surging by X% against the previous year. In general, consumption continues to indicate a buoyant increase. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Production of Precious Metal Ores And Concentrates in MERCOSUR

In value terms, precious metal ore and concentrate production expanded slightly to $X in 2022 estimated in export price. The total production indicated measured growth 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, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Exports of Precious Metal Ores And Concentrates

Exports in MERCOSUR

In 2022, approx. X tons of precious metal ores and concentrates were exported in MERCOSUR; rising by X% compared with 2021 figures. Overall, exports showed a prominent increase. The pace of growth was the most pronounced in 2017 when exports increased by X%. The volume of export peaked in 2022 and is expected to retain growth in the near future.

In value terms, precious metal ore and concentrate exports reached $X in 2022. Over the period under review, exports posted tangible growth. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. The level of export peaked in 2022 and is likely to see gradual growth in the near future.

Exports by Country

Ecuador was the largest exporting country with an export of around X tons, which resulted at X% of total exports. It was distantly followed by Peru (X tons) and Colombia (X tons), together creating a X% share of total exports. The following exporters - Argentina (X tons) and Chile (X tons) - together made up X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Ecuador (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Peru ($X), Ecuador ($X) and Colombia ($X) were the countries with the highest levels of exports in 2022, together accounting for X% of total exports.

Ecuador, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2022, waning by X% against the previous year. Over the period under review, the export price continues to indicate a deep setback. The pace of growth appeared the most rapid in 2016 when the export price increased by X%. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Argentina ($X per ton), while Ecuador ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Precious Metal Ores And Concentrates

Imports in MERCOSUR

In 2022, precious metal ore and concentrate imports in MERCOSUR soared to X tons, increasing by X% compared with the previous year. In general, imports continue to indicate significant growth. The pace of growth appeared the most rapid in 2014 with an increase of X%. The volume of import peaked in 2022 and is likely to continue growth in the near future.

In value terms, precious metal ore and concentrate imports shrank sharply to $X in 2022. Overall, imports showed a significant increase. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

Peru dominates imports structure, reaching X tons, which was near X% of total imports in 2022. It was distantly followed by Chile (X tons), generating a X% share of total imports. Suriname (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to precious metal ore and concentrate imports into Peru stood at X%. At the same time, Suriname (X.3%) and Chile (X%) displayed positive paces of growth. Moreover, Suriname emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of X.3% from 2012-2022. While the share of Peru (X p.p.) and Suriname (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Chile (X p.p.) displayed negative dynamics.

In value terms, Peru ($X) constitutes the largest market for imported precious metal ores and concentrates in MERCOSUR, comprising X% of total imports. The second position in the ranking was taken by Chile ($X), with an X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Peru stood at X%. In the other countries, the average annual rates were as follows: Chile (X% per year) and Suriname (X% per year).

Import Prices by Country

In 2022, the import price in MERCOSUR amounted to $X per ton, falling by X% against the previous year. Overall, the import price recorded a deep downturn. The pace of growth was the most pronounced in 2014 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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