In 2023, China dominated the global import of precious metal ores and concentrates, holding a significant share of the market. Germany and the United Kingdom were distant second and third. Other notable importers included South Korea, Kazakhstan, and Japan. Over the last year, the most substantial year-on-year growth in imports was seen in India, followed by Greece and Malta, suggesting a burgeoning demand. Conversely, Canada and Brazil experienced declines. Over a five-year horizon, India, Thailand, and Indonesia demonstrated strong average annual growth, indicative of shifting global trade dynamics in this sector.
Future trends to watch include China's continued market dominance but with potential competition arising from high-growth countries like India and Thailand. Technological advancements in processing and exploration might influence import dynamics, with geopolitical factors possibly impacting supply chain stability. Additionally, environmental sustainability concerns and regulatory changes could shape future market landscapes.
Top countries in Import of Precious Metal Ores and Concentrates Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 57 | 2023 | +4.8% | +4.57% | View data |
| 2 | 2 Germany | 16.12 | 2023 | +3.83% | +2.24% | View data |
| 3 | 3 United Kingdom | 4.99 | 2023 | +1.65% | +2.13% | View data |
| 4 | 4 South Korea | 4.29 | 2023 | +1.34% | +2.36% | View data |
| 5 | 5 Kazakhstan | 3.8 | 2023 | +4.01% | +2.71% | View data |
| 6 | 6 Japan | 2.99 | 2023 | +1.19% | +2.98% | View data |
| 7 | 7 Canada | 2.33 | 2023 | -0.19% | -4.29% | View data |
| 8 | 8 Malaysia | 2.13 | 2023 | +5.39% | +1.63% | View data |
| 9 | 9 Bulgaria | 1.18 | 2023 | +5.76% | +4.16% | View data |
| 10 | 10 Peru | 0.84 | 2023 | +4.92% | +5.71% | View data |
