Price for Metals; Silver, Unwrought, (But Not Powder) in Thailand - 2024
Contents:
- Price for Metals; Silver, Unwrought, (But Not Powder) in Thailand (CIF) - 2024
- Price for Metals; Silver, Unwrought, (But Not Powder) in Thailand (FOB) - 2024
- Imports of Metals; Silver, Unwrought, (But Not Powder) in Thailand
- Exports of Metals; Silver, Unwrought, (But Not Powder) in Thailand
Price for Metals; Silver, Unwrought, (But Not Powder) in Thailand (CIF) - 2024
The average import price for metals; silver, unwrought, (but not powder) stood at $609K per ton in January 2024, approximately mirroring the previous month. Over the last eleven months, it increased at an average monthly rate of +2.9%. The pace of growth appeared the most rapid in March 2023 when the average import price increased by 48% month-to-month. Over the period under review, average import prices hit record highs at $671K per ton in June 2023; however, from July 2023 to January 2024, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In January 2024, the country with the highest price was Germany ($859K per ton), while the price for Japan ($98,330 per ton) was amongst the lowest.
From February 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Japan (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Metals; Silver, Unwrought, (But Not Powder) in Thailand (FOB) - 2024
In January 2024, the average export price for metals; silver, unwrought, (but not powder) amounted to $734K per ton, picking up by 58% against the previous month. Over the period under review, the export price, however, recorded a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $936K per ton in April 2023; however, from May 2023 to January 2024, the export prices failed to regain momentum.
Average prices varied noticeably for the major overseas markets. In January 2024, the highest price was recorded for prices to Israel ($781K per ton) and India ($767K per ton), while the average price for exports to Vietnam ($640K per ton) and Indonesia ($700K per ton) were amongst the lowest.
From February 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to New Zealand (+1.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Metals; Silver, Unwrought, (But Not Powder) in Thailand
Imports of metals; silver, unwrought, (but not powder) into Thailand reached 423 tons in 2022, increasing by 3.4% compared with 2021. Overall, imports, however, showed a noticeable contraction.
In value terms, imports of metals; silver, unwrought, (but not powder) fell remarkably to $259M in 2022. The total import value increased at an average annual rate of +1.4% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 36% against the previous year. As a result, imports reached the peak of $309M, and then reduced dramatically in the following year.
| Import of Metals; Silver, Unwrought, (But Not Powder) in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 52.7 | 19.2 | 54.2 | 120 | 31.6% |
| Switzerland | 3.0 | N/A | 25.6 | 74.0 | 191.1% |
| South Korea | 44.8 | 40.9 | 53.2 | 21.9 | -21.2% |
| Hong Kong SAR | 6.4 | 6.4 | 12.2 | 11.3 | 20.9% |
| Italy | 2.1 | 2.2 | 2.1 | 10.8 | 72.6% |
| Belgium | 36.6 | 90.5 | 125 | 7.5 | -41.0% |
| China | 94.9 | 61.5 | 29.9 | 6.0 | -60.2% |
| Japan | 2.5 | 2.0 | 3.5 | 3.2 | 8.6% |
| Others | 5.5 | 5.0 | 3.9 | 4.4 | -7.2% |
| Total | 249 | 228 | 309 | 259 | 1.3% |
Top Suppliers of Metals; Silver, Unwrought, (But Not Powder) to Thailand in 2022:
- Germany (153.2 tons)
- Switzerland (102.8 tons)
- Italy (59.1 tons)
- Japan (40.1 tons)
- South Korea (29.0 tons)
- Hong Kong SAR (15.8 tons)
- Belgium (10.0 tons)
- China (8.3 tons)
Exports of Metals; Silver, Unwrought, (But Not Powder) in Thailand
After two years of decline, shipments abroad of metals; silver, unwrought, (but not powder) increased by 30% to 20 tons in 2022. Overall, exports, however, continue to indicate a dramatic slump.
In value terms, exports of metals; silver, unwrought, (but not powder) contracted rapidly to $11M in 2022. Over the period under review, exports, however, showed a dramatic downturn.
| Export of Metals; Silver, Unwrought, (But Not Powder) in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 0.8 | 4.0 | 5.0 | 5.3 | 87.8% |
| Indonesia | 2.5 | 4.0 | 4.2 | 1.8 | -10.4% |
| Vietnam | 1.3 | 1.1 | 1.2 | 1.7 | 9.4% |
| Italy | N/A | N/A | N/A | 1.0 | 0% |
| Singapore | N/A | 0.2 | 0.2 | 0.3 | 22.5% |
| India | 53.7 | 35.0 | 0.1 | 0.2 | -84.5% |
| Others | 1.1 | 1.3 | 1.7 | 0.2 | -43.3% |
| Total | 59.4 | 45.4 | 12.5 | 10.6 | -43.7% |
Top Export Markets for Metals; Silver, Unwrought, (But Not Powder) from Thailand in 2022:
- New Zealand (7.5 tons)
- Italy (6.3 tons)
- Indonesia (2.6 tons)
- Vietnam (2.4 tons)
- Singapore (0.5 tons)
- India (0.2 tons)
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