Global Silver Market Slipped Back Slightly to $20.1B, Losing The 2017 Growth Momentum

IndexBox has just published a new report: 'World - Silver, Unwrought Or In Powder Form - Market Analysis, Forecast, Size, Trends And Insights'. Here is a summary of the report's key findings.

The global silver market revenue amounted to $X in 2018, waning by -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total market indicated a temperate expansion from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2011, when the market value increased by X% year-to-year. In that year, the global unwrought silver market reached its peak level of $X. From 2012 to 2018, the growth of the global unwrought silver market remained at a somewhat lower figure.

Production 2007-2018

In 2018, the amount of silver, unwrought or in powder form produced worldwide totaled X tonnes, falling by -X% against the previous year. The total output volume increased at an average annual rate of +X% over the period from 2007 to 2018; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period.

Exports 2007-2018

In 2018, the amount of silver, unwrought or in powder form exported worldwide stood at X tonnes, declining by -X% against the previous year. Over the period under review, unwrought silver exports, however, continue to indicate a relatively flat trend pattern. In value terms, unwrought silver exports amounted to $X (IndexBox estimates) in 2018.

Exports by Country

The exports of the twelve major exporters of silver, namely Japan, China, Hong Kong SAR, Mexico, the UK, China, the U.S., Canada, Switzerland, Germany, Poland, Kazakhstan and Russia, represented more than two-thirds of total export.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Japan, while the other global leaders experienced more modest paces of growth.

In value terms, the largest silver markets worldwide were China, Hong Kong SAR ($X), Mexico ($X) and the UK ($X), together accounting for X% of global exports. These countries were followed by Japan, the U.S., China, Switzerland, Germany, Canada, Poland, Kazakhstan and Russia, which together accounted for a further X%.

Export Prices by Country

The average unwrought silver export price stood at $X per kg in 2018, coming down by -X% against the previous year. Over the period under review, the unwrought silver export price, however, continues to indicate a moderate increase. Export prices varied noticeably by the country of origin; the country with the highest export price was the U.S. ($X per kg), while Japan ($X per kg) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of export prices was attained by Japan, while the other global leaders experienced more modest paces of growth.

Imports 2007-2018

In 2018, the amount of silver, unwrought or in powder form imported worldwide amounted to X tonnes, leveling off at the previous year. In value terms, unwrought silver imports amounted to $X (IndexBox estimates) in 2018.

Imports by Country

India (X tonnes), the U.S. (X tonnes), the UK (X tonnes) and China (X tonnes) represented roughly X% of total imports of silver in 2018. They were distantly followed by Japan (X tonnes), Taiwan, Chinese (X tonnes) and China, Hong Kong SAR (X tonnes), together making up a X% share of total imports. Germany (X tonnes), Singapore (X tonnes), Canada (X tonnes), Thailand (X tonnes) and South Korea (X tonnes) followed a long way behind the leaders.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Singapore, while the other global leaders experienced more modest paces of growth.

In value terms, the largest silver importing markets worldwide were India ($X), the U.S. ($X) and the UK ($X), together comprising X% of global imports. Japan, China, China, Hong Kong SAR, Taiwan, Chinese, Germany, Singapore, Canada, Thailand and South Korea lagged somewhat behind, together comprising a further X%.

Import Prices by Country

In 2018, the average silver import price amounted to $X per kg, remaining constant against the previous year. Over the period under review, the unwrought silver import price continues to indicate a temperate expansion. Import prices varied noticeably by the country of destination; the country with the highest import price was India ($X per kg), while South Korea ($X per kg) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of import prices was attained by China, while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform