The March EVE Online Economic Report and What Happens When CCP Announces Industry Changes

What do industrialists do when you tell them that you’re going to change up production and expect the market to be chaos for months thereafter?  They build whatever they can manage right NOW.  It is time to look at the New Eden economy again.

EVE Online nerds harder

CCP released the monthly economic report for March 2021 this week.  The last week of March saw the announcement about a significant update to industry that is set to shake up production.  The end goals may be a more rational economy and the uncoupling of capital production from basic minerals, but the short term means uncertainty at the reaction was a production boom in some key regions.

Mar 2021 – Production vs Destruction vs Mined

You can see the red line, the production line on that graph, surging upwards as the month headed towards its close and the announcement hit.  Destruction was down a bit and mining was up some, but production took off, climbing from about 3 trillion ISK in value on the 25th to almost 6 trillion ISK by the 29th.

While the announcement came at the end of the month, March still ended up with noticeably more produced, the total value in the regional data climbing from 104 trillion ISK in February to 127 trillion ISK in March.  The top ten regions for production were:

  1. The Forge – 29.5 trillion
  2. Delve – 9.4 trillion
  3. Lonetrek – 8.25 trillion
  4. The Citadel – 7.33 trillion
  5. Sinq Laison – 5.31 trillion
  6. Vale of the Silent – 5 trillion
  7. Domain – 4.92 trillion
  8. Fade – 4.89 trillion
  9. The Kalevala Expanse – 3.34 trillion
  10. Placid – 2.79 trillion

While Delve was actually down a bit, The Forge, Lonetrek, and The Citadel, which all server the Jita trade hub, were all well up over last month’s numbers.  I expect that the uncertainty over what is to come will continue to drive production up as the early April numbers… there is some bleed over in the data we get… will continue to remain higher than before the announcement.

Destruction

Things continued to blow up in New Eden, and while we’re still down from the record numbers of December and January, the result of the struggles over the Keepstar in M2-XFE, destruction was up a bit from February, rising to 42.68 trillion ISK from 38.43 trillion ISK.  The top regions for destruction in March were:

  1. Delve – 5.51 trillion
  2. The Forge – 2.2 trillion
  3. The Citadel – 2.17 trillion
  4. Vale of the Silent – 1.72 trillion
  5. Lonetrek – 1.57 trillion
  6. Querious – 1.42 trillion
  7. Heimatar – 1.41 trillion
  8. Sinq Laison – 1.35 trillion
  9. Metropolis – 1.2 trillion
  10. Catch – 1.08 trillion

Delve, the locus of the war, remains at the top to the list, more than doubling the usual peacetime champion, The Forge.  The Vale of the Silent was up from February as Fraternity consolidated its conquest of the region and the eviction of the small holders who had previously occupied the region.

Querious and Catch were also on the list due to the war, the former being Brave’s new home and the latter being their old.

NPC Bounties and ISK Faucets

NPC commodities remained the top ISK faucet into New Eden again in March.

Mar 2021 – Faucet end of the chart

As usual, the wormhole commodities led the pack.

Mar 2021 – Top Commodity Items Over Time

That said, NPC bounties did see something of a rebound in March, ringing in at 30.61 trillion ISK, up 5 trillion ISK over February.

Mar 2021 – Top Sinks and Faucets Over Time

The top earning regions for NPC bounties remain in the northeast of null sec, well away from the war.

  1. Vale of the Silent – 3.33 trillion (PandaFam)
  2. The Kalevala Expanse – 1.26 trillion (PandaFam)
  3. Tribute – 1.21 trillion (mixed small groups)
  4. Pure Blind – 1.20 trillion (mixed small groups)
  5. Insmother – 1.16 trillion (FI.RE Coalition)
  6. Fountain – 1.00 trillion (Imperium)
  7. Tenal – 983 billion (PandaFam)
  8. Metropolis – 922 billion (Minmatar High Sec)
  9. Perrigen Falls – 891 billion (PandaFam)
  10. Oasa – 865 billion (PandaFam)

Vale of the Silent again figures high as part of Fraternity’s seizure of the region and subsequent effort to raise ADM levels and make some ISK.  One high sec region remains in the top ten again this month, either a monument to how much mission running goes on there or a reminder as to how far the null sec bounty levels have fallen since the nerfs.

Mining

Mineral prices resumed their climb in March after having seemed to hit a plateau in February. This trend will likely continue as the industry changes and the rush to produce ships and modules before then drains more of the mineral reserves.  Expect another all time high in April I suppose.

Mar 2021 – Economic Indices

The ore mined totaled up to 24.43 trillion ISK in value, up more than 5 trillion ISK over February.  The top ten regions for mining were:

  1. Vale of the Silent – 2.06 trillion (PandaFam)
  2. Metropolis – 1.37 trillion
  3. The Forge – 1.34 trillion
  4. Domain – 1.10 trillion
  5. Sinq Laison – 1.09 trillion
  6. Lonetrek – 908 billion
  7. Everyshore – 805 billion
  8. Heimatar – 718 billion
  9. The Citadel 699 billion
  10. Tash-Murkon – 675 billion

There is Vale of the Silent at the top of another chart, again a byproduct of the conquest of the region.  The past few months the list has been dedicated to high sec regions where semi-AFK Orcas prowl the asteroid belts chewing up rocks.  Fraternity put in some effort to top the list given the limited about of ore now available in null sec space.

Meanwhile, for those interested in the consumer price index line on that chart, Angry Mustache has gone through and calculated what it looks like when you remove the PLEX and related items that are holding the index down at a time when the mineral prices are continuing to rise. (The MER thread on Reddit this month actually has a bunch of back story info in it and is worth a read.)

Trade

As with production, trade saw a spike in activity, one that is no doubt also related to the planned industry changes.  Prices rose as people grabbed up supplies from the market, speculating on what might soon be in short supply, and there was a drive to buy minerals for production.  That sent the value of trade in New Eden to 670.58 trillion ISK in March, up from the 583 trillion ISK in transactions recorded in February.  The top regions for trade were:

  1. The Forge – 472 trillion (Jita)
  2. Domain – 60.64 trillion (Amarr)
  3. Sinq Laison – 21.29 trillion (Dodixie)
  4. Delve – 20.25 trillion (Imperium/PAPI)
  5. Lonetrek – 14.89 trillion (Caldari High Sec)
  6. Metropolis – 12.53 trillion
  7. Heimatar – 10.94 trillion
  8. Essence – 5.27 trillion (Gallente High Sec)
  9. The Citadel – 4.92 trillion (Caldari High Sec)
  10. Vale of the Silent – 4.22 trillion (PandaFam)

The Forge, home to Jita, dominated as expected, with 65 trillion ISK more in transactions.  But all the top regions were up.  And it should be no surprise I suppose that Vale of the Silent nosed its way into this top ten list as well.  With all that other economic activity there was no doubt some trade needed to support it.

So it goes.  I expect that we will find April to be even more volatile than March, and there is no telling what will happen when the industry changes actually hit.  The charts should be fun that month.  But we’ll have to wait and see.

As always, all the data and more charts are available for download from the dev blog.

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