Price for Metals; Silver, Unwrought, (But Not Powder) in India - 2023
Contents:
- Price for Metals; Silver, Unwrought, (But Not Powder) in India (CIF) - 2023
- Price for Metals; Silver, Unwrought, (But Not Powder) in India (FOB) - 2022
- Imports of Metals; Silver, Unwrought, (But Not Powder) in India
- Exports of Metals; Silver, Unwrought, (But Not Powder) in India
Price for Metals; Silver, Unwrought, (But Not Powder) in India (CIF) - 2023
The average import price for metals; silver, unwrought, (but not powder) stood at $731K per ton in November 2023, reducing by -7.1% against the previous month. Over the period under review, the import price, however, recorded a slight expansion. The most prominent rate of growth was recorded in May 2023 an increase of 20% against the previous month. As a result, import price reached the peak level of $834K per ton. From June 2023 to November 2023, the average import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In November 2023, the highest price was recorded for prices from Hong Kong SAR ($785K per ton) and Thailand ($773K per ton), while the price for the United Arab Emirates ($570K per ton) and Singapore ($724K per ton) were amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Italy (+1.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Metals; Silver, Unwrought, (But Not Powder) in India (FOB) - 2022
The average export price for metals; silver, unwrought, (but not powder) stood at $433,464 per ton in 2022, reducing by -37.3% against the previous year. In general, the export price recorded a abrupt descent. The most prominent rate of growth was recorded in 2021 an increase of 72%. Over the period under review, the average export prices hit record highs at $1,092,890 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($878,500 per ton), while the average price for exports to New Zealand ($44,200 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+17.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Metals; Silver, Unwrought, (But Not Powder) in India
In 2022, imports of metals; silver, unwrought, (but not powder) into India contracted to 229 tons, shrinking by -13.4% compared with the year before. Overall, imports continue to indicate a dramatic slump.
In value terms, imports of metals; silver, unwrought, (but not powder) contracted remarkably to $163M in 2022. In general, imports showed a sharp slump.
| Import of Metals; Silver, Unwrought, (But Not Powder) in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 25.9 | 34.0 | 48.5 | 27.4 | 1.9% |
| Hong Kong SAR | 787 | 179 | 43.3 | 22.7 | -69.3% |
| Italy | 11.0 | 12.1 | 23.9 | 21.8 | 25.6% |
| South Africa | 13.0 | 2.8 | 4.0 | 20.2 | 15.8% |
| United Arab Emirates | 2.0 | 2.6 | 0.8 | 14.1 | 91.7% |
| Indonesia | N/A | N/A | 1.1 | 14.0 | 1172.7% |
| Germany | 27.1 | 5.8 | 12.6 | 10.9 | -26.2% |
| United Kingdom | 569 | 10.7 | 34.1 | 10.3 | -73.7% |
| United States | 262 | 5.8 | 11.1 | 7.1 | -70.0% |
| South Korea | 86.0 | N/A | N/A | 5.7 | -59.5% |
| Switzerland | 171 | 20.7 | 20.4 | 5.5 | -68.2% |
| Thailand | 103 | 34.0 | 0.2 | 0.1 | -90.1% |
| Russia | 138 | 35.8 | N/A | N/A | -74.1% |
| Others | 554 | 22.6 | 0.1 | 2.5 | -83.5% |
| Total | 2,750 | 365 | 200 | 163 | -61.0% |
Top Suppliers of Metals; Silver, Unwrought, (But Not Powder) to India in 2022:
- Singapore (39.5 tons)
- Italy (30.2 tons)
- Hong Kong SAR (30.0 tons)
- South Africa (29.0 tons)
- Indonesia (21.8 tons)
- United Arab Emirates (20.3 tons)
- United Kingdom (14.6 tons)
- Germany (13.5 tons)
- United States (9.5 tons)
- South Korea (9.2 tons)
- Switzerland (7.6 tons)
- Thailand (0.2 tons)
Exports of Metals; Silver, Unwrought, (But Not Powder) in India
Exports of metals; silver, unwrought, (but not powder) from India plummeted to 211 kg in 2022, waning by -37.2% against the previous year. Overall, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 664% against the previous year. As a result, the exports attained the peak of 336 kg, and then shrank markedly in the following year.
In value terms, exports of metals; silver, unwrought, (but not powder) plummeted to $91K in 2022. In general, exports, however, showed significant growth. The growth pace was the most rapid in 2021 when exports increased by 1,213%. As a result, the exports reached the peak of $232K, and then shrank notably in the following year.
| Export of Metals; Silver, Unwrought, (But Not Powder) in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 7.6 | 12.4 | 217 | 47.3 | 83.9% |
| Sri Lanka | N/A | 0.1 | N/A | 23.9 | 1446.0% |
| Canada | N/A | N/A | 7.9 | 12.2 | 54.4% |
| Nepal | 6.7 | 0.1 | 1.2 | 2.6 | -27.1% |
| United Arab Emirates | N/A | 0.1 | N/A | 2.0 | 347.2% |
| New Zealand | N/A | 1.8 | N/A | 0.9 | -29.3% |
| Italy | 3.1 | N/A | N/A | N/A | 0% |
| Others | 11.7 | 3.2 | 6.2 | 2.6 | -39.4% |
| Total | 29.2 | 17.7 | 232 | 91.5 | 46.3% |
Top Export Markets for Metals; Silver, Unwrought, (But Not Powder) from India in 2022:
- United States (87.0 kg)
- Canada (49.0 kg)
- Sri Lanka (29.0 kg)
- New Zealand (20.0 kg)
- Nepal (11.0 kg)
- United Arab Emirates (10.0 kg)
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