Price for Metals; Silver, Unwrought, (But Not Powder) in Russia - 2022

Contents:

  1. Price for Metals; Silver, Unwrought, (But Not Powder) in Russia (FOB) - 2022
  2. Price for Metals; Silver, Unwrought, (But Not Powder) in Russia (CIF) - 2022
  3. Exports of Metals; Silver, Unwrought, (But Not Powder) in Russia
  4. Imports of Metals; Silver, Unwrought, (But Not Powder) in Russia

Price for Metals; Silver, Unwrought, (But Not Powder) in Russia (FOB) - 2022

The average export price for metals; silver, unwrought, (but not powder) stood at $747,624 per ton in 2022, dropping by -9.3% against the previous year. Over the period under review, the export price continues to indicate a perceptible reduction. The growth pace was the most rapid in 2020 an increase of 33% against the previous year. The export price peaked at $986,598 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Turkey ($781,477 per ton) and Switzerland ($730,383 per ton), while the average price for exports to the United Arab Emirates ($648,080 per ton) and Germany ($687,134 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+11.5%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Metals; Silver, Unwrought, (But Not Powder) in Russia (CIF) - 2022

In 2022, the average import price for metals; silver, unwrought, (but not powder) amounted to $228,498 per ton, falling by -4.7% against the previous year. Overall, the import price, however, recorded measured growth. The growth pace was the most rapid in 2014 when the average import price increased by 204% against the previous year. As a result, import price attained the peak level of $527,499 per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($1,111,986 per ton), while the price for Poland ($146,372 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kyrgyzstan (+55.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Metals; Silver, Unwrought, (But Not Powder) in Russia

In 2022, exports of metals; silver, unwrought, (but not powder) from Russia soared to 949 tons, picking up by 26% compared with the previous year's figure. Over the period under review, total exports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +25.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +99.1% against 2019 indices. The growth pace was the most rapid in 2020 when exports increased by 33% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, exports of metals; silver, unwrought, (but not powder) rose markedly to $709M in 2022. Overall, exports saw a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 77% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in years to come.

Export of Metals; Silver, Unwrought, (But Not Powder) in Russia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
TurkeyN/A29.5201493308.8%
United Arab Emirates5.39.2N/A97.6164.1%
ItalyN/AN/A9.858.9501.0%
GermanyN/A0.43.316.3538.4%
United Kingdom96.323919212.9-48.8%
Hong Kong SARN/AN/AN/A12.30%
Switzerland7.719.923.34.9-14.0%
India13835.8N/AN/A-74.1%
United States0.588.4144N/A1597.1%
Others4.924.647.013.239.1%
Total25344762070941.0%

Top Export Markets for Metals; Silver, Unwrought, (But Not Powder) from Russia in 2022:

  1. Turkey (630.8 tons)
  2. United Arab Emirates (150.7 tons)
  3. Italy (83.6 tons)
  4. Germany (23.8 tons)
  5. United Kingdom (18.6 tons)
  6. Hong Kong SAR (17.3 tons)
  7. Switzerland (6.8 tons)

Imports of Metals; Silver, Unwrought, (But Not Powder) in Russia

In 2022, the amount of metals; silver, unwrought, (but not powder) imported into Russia contracted to 7.4 tons, with a decrease of -7.3% compared with 2021. Overall, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +12.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +65.1% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 78%. As a result, imports attained the peak of 8 tons, and then dropped in the following year.

In value terms, imports of metals; silver, unwrought, (but not powder) fell to $1.7M in 2022. In general, imports, however, saw a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 184% against the previous year. As a result, imports reached the peak of $1.9M, and then contracted in the following year.

Import of Metals; Silver, Unwrought, (But Not Powder) in Russia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Italy1732311,10894476.1%
KyrgyzstanN/AN/A602284-52.8%
ArmeniaN/A9.7N/A233390.1%
United Arab EmiratesN/AN/A4.11573729.3%
Lithuania46034323.344.5-54.1%
Poland43.357.211611.4-35.9%
United States10.326.436.6N/A88.5%
OthersN/A4.517.911.459.2%
Total6866721,9071,68534.9%

Top Suppliers of Metals; Silver, Unwrought, (But Not Powder) to Russia in 2022:

  1. Italy (5.8 tons)
  2. Armenia (0.7 tons)
  3. Kyrgyzstan (0.3 tons)
  4. Lithuania (0.2 tons)
  5. United Arab Emirates (0.1 tons)
  6. Poland (0.1 tons)

Source: IndexBox Market Intelligence Platform

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