Price for Metals; Silver, Unwrought, (But Not Powder) in the United States - 2024
Contents:
- Price for Metals; Silver, Unwrought, (But Not Powder) in the United States (CIF) - 2024
- Price for Metals; Silver, Unwrought, (But Not Powder) in the United States (FOB) - 2024
- Imports of Metals; Silver, Unwrought, (But Not Powder) in the United States
- Exports of Metals; Silver, Unwrought, (But Not Powder) in the United States
Price for Metals; Silver, Unwrought, (But Not Powder) in the United States (CIF) - 2024
In December 2023, the average import price for metals; silver, unwrought, (but not powder) amounted to $803K per ton, rising by 2.7% against the previous month. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 6.1% m-o-m. The import price peaked at $831K per ton in May 2023; however, from June 2023 to December 2023, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In December 2023, the countries with the highest prices were Mexico ($838K per ton) and Poland ($797K per ton), while the price for South Korea ($740K per ton) and Germany ($754K per ton) were amongst the lowest.
From February 2023 to December 2023, the most notable rate of growth in terms of prices was attained by Germany (+1.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Metals; Silver, Unwrought, (But Not Powder) in the United States (FOB) - 2024
The average export price for metals; silver, unwrought, (but not powder) stood at $904K per ton in December 2023, dropping by -5.4% against the previous month. Over the period from February 2023 to December 2023, it increased at an average monthly rate of +1.7%. The most prominent rate of growth was recorded in November 2023 an increase of 21% m-o-m. As a result, the export price attained the peak level of $955K per ton, and then fell in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was Switzerland ($1.8M per ton), while the average price for exports to India ($702K per ton) was amongst the lowest.
From February 2023 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+8.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Metals; Silver, Unwrought, (But Not Powder) in the United States
In 2022, supplies from abroad of metals; silver, unwrought, (but not powder) decreased by -24.7% to 4.9K tons, falling for the second consecutive year after two years of growth. Overall, imports saw a slight descent. The most prominent rate of growth was recorded in 2020 with an increase of 39% against the previous year. As a result, imports attained the peak of 7.2K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of metals; silver, unwrought, (but not powder) fell significantly to $3.8B in 2022. In general, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +7.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 68%.
| Import of Metals; Silver, Unwrought, (But Not Powder) in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 1,819 | 2,098 | 2,484 | 2,037 | 3.8% |
| Canada | 651 | 788 | 727 | 605 | -2.4% |
| Turkey | N/A | 1.0 | 223 | 292 | 1608.8% |
| Chile | 101 | 136 | 196 | 181 | 21.5% |
| Kazakhstan | N/A | 124 | 75.3 | 118 | -2.4% |
| South Korea | 9.2 | 338 | 207 | 116 | 132.8% |
| Switzerland | 0.7 | 136 | 506 | 77.3 | 379.8% |
| Poland | 99.6 | 224 | 392 | 68.5 | -11.7% |
| United Kingdom | 0.9 | 430 | 170 | 37.6 | 247.0% |
| Germany | 6.5 | 307 | 134 | 27.0 | 60.7% |
| Argentina | 135 | 93.6 | 8.0 | 13.0 | -54.2% |
| Others | 170 | 346 | 459 | 184 | 2.7% |
| Total | 2,993 | 5,022 | 5,580 | 3,757 | 7.9% |
Top Suppliers of Metals; Silver, Unwrought, (But Not Powder) to the United States in 2022:
- Mexico (2537.9 tons)
- Canada (832.7 tons)
- Turkey (411.6 tons)
- Chile (257.3 tons)
- South Korea (156.3 tons)
- Kazakhstan (147.8 tons)
- Switzerland (106.4 tons)
- Poland (95.7 tons)
- United Kingdom (51.7 tons)
- Germany (35.0 tons)
- Argentina (18.5 tons)
Exports of Metals; Silver, Unwrought, (But Not Powder) in the United States
In 2022, after three years of growth, there was significant decline in overseas shipments of metals; silver, unwrought, (but not powder), when their volume decreased by -38.5% to 1.1K tons. Overall, exports, however, showed a prominent increase. The most prominent rate of growth was recorded in 2020 when exports increased by 89%.
In value terms, exports of metals; silver, unwrought, (but not powder) fell rapidly to $803M in 2022. In general, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 160% against the previous year.
| Export of Metals; Silver, Unwrought, (But Not Powder) in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 195 | 880 | 1,431 | 579 | 43.7% |
| India | 87.1 | 18.4 | 19.5 | 62.7 | -10.4% |
| United Kingdom | 0.8 | 2.9 | 1.5 | 59.2 | 319.8% |
| Mexico | 14.0 | 14.6 | 11.7 | 40.9 | 43.0% |
| Switzerland | 8.9 | 9.2 | 16.5 | 25.6 | 42.2% |
| Others | 65.9 | 40.2 | 39.7 | 35.8 | -18.4% |
| Total | 372 | 965 | 1,519 | 803 | 29.2% |
Top Export Markets for Metals; Silver, Unwrought, (But Not Powder) from the United States in 2022:
- Canada (764.2 tons)
- India (90.5 tons)
- United Kingdom (74.0 tons)
- Mexico (58.6 tons)
- Switzerland (34.1 tons)
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