Price for Metals; Silver, Unwrought, (But Not Powder) in Singapore - 2023
Contents:
- Price for Metals; Silver, Unwrought, (But Not Powder) in Singapore (CIF) - 2022
- Price for Metals; Silver, Unwrought, (But Not Powder) in Singapore (FOB) - 2022
- Imports of Metals; Silver, Unwrought, (But Not Powder) in Singapore
- Exports of Metals; Silver, Unwrought, (But Not Powder) in Singapore
Price for Metals; Silver, Unwrought, (But Not Powder) in Singapore (CIF) - 2022
In 2022, the average import price for metals; silver, unwrought, (but not powder) amounted to $698,235 per ton, declining by -9.7% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 24% against the previous year. Over the period under review, average import prices hit record highs at $773,548 per ton in 2021, and then dropped in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($1,053,939 per ton), while the price for Japan ($109,762 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Metals; Silver, Unwrought, (But Not Powder) in Singapore (FOB) - 2022
In 2022, the average export price for metals; silver, unwrought, (but not powder) amounted to $709,869 per ton, shrinking by -11.4% against the previous year. Over the period under review, the export price continues to indicate a pronounced slump. The growth pace was the most rapid in 2020 when the average export price increased by 27% against the previous year. The export price peaked at $956,876 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malaysia ($1,345,237 per ton), while the average price for exports to Switzerland ($652,463 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 Japan (+20.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Metals; Silver, Unwrought, (But Not Powder) in Singapore
In 2022, approx. 119 tons of metals; silver, unwrought, (but not powder) were imported into Singapore; waning by -11.8% against the previous year. In general, imports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 5.8% against the previous year.
In value terms, imports of metals; silver, unwrought, (but not powder) shrank remarkably to $83M in 2022. Over the period under review, imports saw a mild setback. The pace of growth was the most pronounced in 2021 with an increase of 29%. As a result, imports attained the peak of $104M, and then declined markedly in the following year.
| Import of Metals; Silver, Unwrought, (But Not Powder) in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 59.3 | 61.7 | 48.1 | 35.1 | -16.0% |
| Hong Kong SAR | 8.0 | 4.5 | 19.9 | 27.5 | 50.9% |
| Switzerland | 10.9 | 8.6 | 31.7 | 18.6 | 19.5% |
| Others | 9.0 | 6.0 | 4.3 | 1.6 | -43.8% |
| Total | 87.2 | 80.9 | 104 | 82.8 | -1.7% |
Top Suppliers of Metals; Silver, Unwrought, (But Not Powder) to Singapore in 2022:
- Indonesia (50.9 tons)
- Hong Kong SAR (37.6 tons)
- Switzerland (26.2 tons)
Exports of Metals; Silver, Unwrought, (But Not Powder) in Singapore
Exports of metals; silver, unwrought, (but not powder) from Singapore reduced rapidly to 81 tons in 2022, declining by -29.5% on the year before. Overall, exports saw a deep slump. The growth pace was the most rapid in 2021 when exports increased by 54% against the previous year.
In value terms, exports of metals; silver, unwrought, (but not powder) contracted markedly to $58M in 2022. In general, exports faced a drastic downturn. The growth pace was the most rapid in 2021 when exports increased by 83%. As a result, the exports reached the peak of $92M, and then fell rapidly in the following year.
| Export of Metals; Silver, Unwrought, (But Not Powder) in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 72.6 | 28.5 | 49.3 | 33.5 | -22.7% |
| United Kingdom | N/A | N/A | N/A | 12.3 | 0% |
| Malaysia | 2.4 | 3.1 | 5.2 | 6.3 | 37.9% |
| United States | 1.2 | 0.5 | 0.2 | 1.7 | 12.3% |
| Japan | N/A | N/A | 0.3 | 1.2 | 300.0% |
| Vietnam | 1.1 | 0.5 | 1.2 | 1.0 | -3.1% |
| Switzerland | 2.9 | 1.4 | 10.8 | 0.7 | -37.7% |
| Hong Kong SAR | N/A | N/A | 4.8 | 0.2 | -95.8% |
| Australia | N/A | 14.4 | 17.6 | N/A | 22.2% |
| Others | 0.2 | 2.1 | 2.8 | 0.6 | 44.2% |
| Total | 80.2 | 50.6 | 92.4 | 57.7 | -10.4% |
Top Export Markets for Metals; Silver, Unwrought, (But Not Powder) from Singapore in 2022:
- India (50.1 tons)
- United Kingdom (18.7 tons)
- Malaysia (4.7 tons)
- United States (2.5 tons)
- Vietnam (1.5 tons)
- Japan (1.3 tons)
- Switzerland (1.1 tons)
- Hong Kong SAR (0.3 tons)
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