Global market size of selected metals 2022

Published by Statista Research Department, Jan 31, 2024
Iron ore had the largest global market size of all metals in 2022, amounting to more than 280 billion U.S. dollars. Gold came in second, with a global market value of nearly 200 billion U.S. dollars. In comparison, the global market value of crude oil exceeded two trillion U.S. dollars that year, far overshadowing the value of commodity metals.

Market size of selected metals worldwide in 2022 (in billion U.S. dollars)

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Release date

June 2023

Region

Worldwide

Survey time period

2022

Special properties

Market size figures have been calculated by multiplying the 2022 production volumes with the commodity spot prices as of June 7, 2023

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