Turkey: Gold Ore Market 2020

Gold Ore Market Size in Turkey

The revenue of the gold ore market in Turkey amounted to $X in 2017, dropping by -X% against the previous year. Overall, gold ore consumption continues to indicate a deep deduction. The pace of growth was the most pronounced in 2015, when it surged by X% against the previous year. Turkey gold ore consumption peaked of $X in 2012; however, from 2013 to 2017, it failed to regain its momentum.

Gold Ore Production in Turkey

Gold ore production in Turkey amounted to X tons in 2017, surging by X% against the previous year. The total output volume increased an average annual rate of +X% over the period from 2007 to 2017; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014, when the output figure increased by X% against the previous year. Over the period under review, the gold ore production attained its maximum volume in 2017, and is likely to continue its growth in the near future.

Gold Ore Exports from Turkey

In 2017, approx. X tons of gold ores and concentrates were exported from Turkey; rising by X% against the previous year. In general, gold ore exports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2013, with an increase of X% y-o-y. In that year, the gold ore exports reached their peak volume of X tons. From 2014 to 2017, growth of the gold ore exports failed to regain its momentum.

In value terms, gold ore exports stood at $X in 2017. Overall, gold ore exports continue to indicate a remarkable increase. In that year, the gold ore exports attained their peak level of $X. From 2014 to 2017, growth of the gold ore exports stood at a somewhat lower level.

Gold Ore Exports by Country from Turkey

Australia was the largest exporter of gold ores and concentrates in the world, with the volume of exports recording X tons, which was approx. X% of total exports in 2017. It was distantly followed by Russia (X tons), Turkey (X tons) and Tanzania (X tons), together creating X% share of total exports. Greece (X tons), Ecuador (X tons), Papua New Guinea (X tons), Peru (X tons), Malaysia (X tons) and Spain (X tons) followed a long way behind the leaders.

From 2007 to 2017, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Greece (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, Australia ($X) remains the largest gold ore supplier from Turkey, making up X% of global exports. The second position in the ranking was occupied by Russia ($X), with a X% share of global exports. It was followed by Tanzania, with a X% share.

From 2007 to 2017, the average annual rate of growth in terms of value in Australia amounted to +X%. In the other countries, the average annual rates were as follows: Russia (+X% per year) and Tanzania (+X% per year).

Gold Ore Export Prices by Country in Turkey

In 2017, the gold ore export price in Turkey amounted to $X per ton, falling by -X% against the previous year. In general, the export price indicated a noticeable expansion from 2007 to 2017: its price increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the gold ore export price decreased by -X% against 2012 indices. The most prominent rate of growth was recorded in 2008, when the export prices increased by X% y-o-y. Turkey export price peaked of $X per ton in 2012; however, from 2013 to 2017, it failed to regain its momentum.

There were significant differences in the average export prices amongst the major exporting countries. In 2017, the country with the highest export price was Tanzania ($X per ton), while Greece ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Greece (+X% per year), while the other leaders experienced more modest paces of growth.

Gold Ore Imports into Turkey

Gold ore imports into Turkey amounted to X kg in 2017, picking up by X% against the previous year. In general, gold ore imports continue to indicate a dramatic slump. The most prominent rate of growth was recorded in 2014, with an increase of X% against the previous year. Turkey imports peaked of X tons in 2009; however, from 2010 to 2017, it stood at a somewhat lower level.

In value terms, gold ore imports stood at $X in 2017. Overall, gold ore imports continue to indicate a precipitous decrease. Over the period under review, the gold ore imports reached its peak figure level of $X in 2009; however, from 2010 to 2017, it stood at a somewhat lower level.

Gold Ore Imports by Country into Turkey

In 2017, South Korea (X tons), distantly followed by China (X tons), the UK (X tons) and Mexico (X tons) represented the key importers of gold ores and concentrates, together constituting X% of total imports. The Philippines (X tons), Kazakhstan (X tons), Belgium (X tons) and India (X tons) held the minor share of total imports.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by India (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported gold ores and concentrates into Turkey, making up X% of global imports. The second position in the ranking was occupied by the UK ($X), with a X% share of global imports. It was followed by South Korea, with a X% share.

In China, gold ore imports increased at an average annual rate of +X% over the period from 2007-2017. In the other countries, the average annual rates were as follows: the UK (-X% per year) and South Korea (+X% per year).

Gold Ore Import Prices by Country in Turkey

In 2017, the gold ore import price in Turkey amounted to $X per ton, approximately reflecting the previous year. Overall, gold ore import price continues to indicate a relatively flat trend pattern. Over the period under review, the import prices for gold ores and concentrates reached its maximum level of $X per ton in 2007; afterwards, it flattened through to 2017.

Import prices varied noticeably by the country of destination; the country with the highest import price was the Philippines ($X per kg), while Mexico ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by the Philippines (+X% per year), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform