Metals; Silver Powder Price in China - 2023

Contents:

1. Metals; Silver Powder Price in China (CIF) - 2023
2. Metals; Silver Powder Price in China (FOB) - 2023
3. Metals; Silver Powder Imports in China
4. Metals; Silver Powder Exports in China

Metals; Silver Powder Price in China (CIF) - 2023

The average metals; silver powder import price stood at $314K per ton in June 2023, waning by -33.1% against the previous month. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 60% against the previous month. The import price peaked at $497K per ton in January 2023; however, from February 2023 to June 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was the United States ($567K per ton), while the price for South Korea ($96,975 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by the United States (+1.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Metals; Silver Powder Price in China (FOB) - 2023

The average metals; silver powder export price stood at $732K per ton in June 2023, declining by -13.8% against the previous month. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2022 an increase of 15% m-o-m. The export price peaked at $849K per ton in May 2023, and then dropped in the following month.

Average prices varied somewhat for the major external markets. In June 2023, the country with the highest price was Japan ($885K per ton), while the average price for exports to Singapore stood at $694K per ton.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+0.5%).

Metals; Silver Powder Imports in China

In 2022, overseas purchases of metals; silver powder decreased by -25% to 2.5K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports continue to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2020 when imports increased by 17%.

In value terms, metals; silver powder imports contracted markedly to $948M in 2022. In general, total imports indicated a moderate expansion from 2019 to 2022: its value increased at an average annual rate of +2.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when imports increased by 38%.

Top Suppliers of Metals; Silver Powder to China in 2022:

1. Japan (2202.5 tons)
2. United States (148.0 tons)
3. South Korea (107.0 tons)
4. Taiwan (Chinese) (53.3 tons)

Metals; Silver Powder Exports in China

In 2022, the amount of metals; silver powder exported from China skyrocketed to 26 tons, growing by 33% compared with the previous year's figure. Overall, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 98% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in years to come.

In value terms, metals; silver powder exports surged to $20M in 2022. In general, exports enjoyed significant growth. The pace of growth was the most pronounced in 2021 with an increase of 120%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the near future.

Top Export Markets for Metals; Silver Powder from China in 2022:

1. Singapore (18.8 tons)
2. Japan (3.5 tons)
3. Hong Kong SAR (2.3 tons)
4. Taiwan (Chinese) (1.7 tons)

Source: IndexBox Market Intelligence Platform