Price for Metals; Silver, Unwrought, (But Not Powder) in Switzerland - 2024
Contents:
- Price for Metals; Silver, Unwrought, (But Not Powder) in Switzerland (FOB) - 2024
- Price for Metals; Silver, Unwrought, (But Not Powder) in Switzerland (CIF) - 2024
- Exports of Metals; Silver, Unwrought, (But Not Powder) in Switzerland
- Imports of Metals; Silver, Unwrought, (But Not Powder) in Switzerland
Price for Metals; Silver, Unwrought, (But Not Powder) in Switzerland (FOB) - 2024
In January 2024, the average export price for metals; silver, unwrought, (but not powder) amounted to $755K per ton, with a decrease of -5.2% against the previous month. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 when the average export price increased by 14% m-o-m. As a result, the export price reached the peak level of $819K per ton. From May 2023 to January 2024, the the average export prices failed to regain momentum.
Average prices varied somewhat for the major overseas markets. In January 2024, the countries with the highest prices were the United States ($1.1M per ton) and Germany ($764K per ton), while the average price for exports to France ($728K per ton) and the UK ($737K per ton) were amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+2.3%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Metals; Silver, Unwrought, (But Not Powder) in Switzerland (CIF) - 2024
The average import price for metals; silver, unwrought, (but not powder) stood at $834K per ton in January 2024, growing by 3.4% against the previous month. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in August 2023 when the average import price increased by 20% m-o-m. As a result, import price attained the peak level of $1.1M per ton. From September 2023 to January 2024, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Argentina ($1.7M per ton), while the price for Germany ($653K per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Turkey (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Metals; Silver, Unwrought, (But Not Powder) in Switzerland
Exports of metals; silver, unwrought, (but not powder) from Switzerland declined modestly to 2.2K tons in 2022, waning by -3.5% compared with the year before. Over the period under review, total exports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +15.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +57.1% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 63% against the previous year. As a result, the exports reached the peak of 2.3K tons, and then shrank slightly in the following year.
In value terms, exports of metals; silver, unwrought, (but not powder) declined rapidly to $1.6B in 2022. In general, exports, however, showed a significant increase. The growth pace was the most rapid in 2021 when exports increased by 106%. As a result, the exports reached the peak of $1.9B, and then dropped sharply in the following year.
| Export of Metals; Silver, Unwrought, (But Not Powder) in Switzerland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 9.7 | 266 | 581 | 467 | 263.8% |
| Germany | 271 | 170 | 281 | 325 | 6.2% |
| Austria | 13.2 | 57.6 | 168 | 218 | 154.7% |
| Turkey | 52.4 | 105 | 212 | 128 | 34.7% |
| India | 121 | 45.8 | 76.4 | 93.1 | -8.4% |
| Thailand | 10.1 | N/A | 40.7 | 80.8 | 100.0% |
| France | 40.0 | 50.9 | 108 | 76.1 | 23.9% |
| United Kingdom | 106 | 113 | 130 | 37.9 | -29.0% |
| Others | 134 | 114 | 300 | 143 | 2.2% |
| Total | 757 | 922 | 1,896 | 1,569 | 27.5% |
Top Export Markets for Metals; Silver, Unwrought, (But Not Powder) from Switzerland in 2022:
- United States (632.2 tons)
- Germany (467.2 tons)
- Austria (310.0 tons)
- Turkey (185.8 tons)
- India (139.9 tons)
- Thailand (112.0 tons)
- France (109.1 tons)
- United Kingdom (52.5 tons)
Imports of Metals; Silver, Unwrought, (But Not Powder) in Switzerland
For the fourth consecutive year, Switzerland recorded growth in overseas purchases of metals; silver, unwrought, (but not powder), which increased by 19% to 1.6K tons in 2022. Overall, imports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 82% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, imports of metals; silver, unwrought, (but not powder) rose notably to $1.3B in 2022. Over the period under review, imports recorded a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 101%. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the near future.
| Import of Metals; Silver, Unwrought, (But Not Powder) in Switzerland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 1.3 | 1.3 | 62.3 | 255 | 481.0% |
| Hong Kong SAR | 0.1 | 95.2 | 377 | 194 | 1147.2% |
| Argentina | 91.4 | 76.6 | 171 | 143 | 16.1% |
| Mexico | 28.9 | 97.2 | 22.9 | 108 | 55.2% |
| Peru | 63.8 | 62.2 | 90.7 | 104 | 17.7% |
| Chile | 19.7 | 22.0 | 43.0 | 92.7 | 67.6% |
| Germany | 68.3 | 90.0 | 67.6 | 92.6 | 10.7% |
| Morocco | 57.9 | 46.4 | 65.6 | 60.3 | 1.4% |
| South Korea | 10.3 | 0.5 | 38.4 | 51.8 | 71.3% |
| United States | 12.9 | 34.3 | 30.5 | 51.2 | 58.3% |
| Italy | 21.0 | 35.2 | 26.4 | 39.4 | 23.3% |
| China | 0.7 | N/A | 80.4 | 10.3 | 145.0% |
| Russia | 7.7 | 19.9 | 23.3 | 4.9 | -14.0% |
| Others | 18.6 | 33.2 | 138 | 119 | 85.6% |
| Total | 403 | 614 | 1,237 | 1,327 | 48.8% |
Top Suppliers of Metals; Silver, Unwrought, (But Not Powder) to Switzerland in 2022:
- United Kingdom (364.5 tons)
- Hong Kong SAR (256.1 tons)
- Germany (131.7 tons)
- Peru (126.9 tons)
- Argentina (108.4 tons)
- Mexico (90.7 tons)
- Morocco (88.6 tons)
- Chile (85.1 tons)
- South Korea (73.3 tons)
- Italy (54.2 tons)
- United States (51.6 tons)
- China (14.1 tons)
- Russia (6.8 tons)
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