The 2023-2028 World Outlook for Silver Ore Mining

The 2023-2028 World Outlook for Silver Ore Mining

This study covers the world outlook for silver ore mining across more than 190 countries. For each year reported, estimates are given for the latent demand, or potential industry earnings (P.I.E.), for the country in question (in millions of U.S. dollars), the percent share the country is of the region, and of the globe. These comparative benchmarks allow the reader to quickly gauge a country vis-à-vis others. Using econometric models which project fundamental economic dynamics within each country and across countries, latent demand estimates are created. This report does not discuss the specific players in the market serving the latent demand, nor specific details at the product level. The study also does not consider short-term cyclicalities that might affect realized sales. The study, therefore, is strategic in nature, taking an aggregate and long-run view, irrespective of the players or products involved.

This study covers silver ore mining as defined by the North American Industrial Classification system or NAICS (pronounced "nakes").

The NAICS code for silver ore mining is 212222. It is for this definition that aggregate latent demand estimates are derived. Silver ore mining is specifically defined as follows:

212222 This U.S. industry comprises establishments primarily engaged in developing the mine site, mining, and/or beneficiating (i.e., preparing) ores valued chiefly for their silver content. Establishments primarily engaged in transformation of the silver into bullion or dore bar in combination with mining activities are included in this industry.

2122221 Silver ores

2122223 SILVER CONCENTRATES

2122225 SILVER MILL BULLION AND PLACER SILVER

212222M Miscellaneous receipts

212222P Primary products

212222S Secondary products

21222211 Crude silver ores

21222231 Silver concentrates

21222251 Silver mill bullion and placer silver