Price for Metals; Silver, Unwrought, (But Not Powder) in Turkey - 2024
Contents:
- Price for Metals; Silver, Unwrought, (But Not Powder) in Turkey (CIF) - 2022
- Price for Metals; Silver, Unwrought, (But Not Powder) in Turkey (FOB) - 2024
- Imports of Metals; Silver, Unwrought, (But Not Powder) in Turkey
- Exports of Metals; Silver, Unwrought, (But Not Powder) in Turkey
Price for Metals; Silver, Unwrought, (But Not Powder) in Turkey (CIF) - 2022
In 2022, the average import price for metals; silver, unwrought, (but not powder) amounted to $761,553 per ton, which is down by -7.5% against the previous year. Overall, the import price showed a noticeable slump. The most prominent rate of growth was recorded in 2020 an increase of 37%. Over the period under review, average import prices attained the maximum at $1,052,713 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($987,465 per ton), while the price for Hungary ($151,737 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Metals; Silver, Unwrought, (But Not Powder) in Turkey (FOB) - 2024
In January 2024, the average export price for metals; silver, unwrought, (but not powder) amounted to $741K per ton, which is down by -3.8% against the previous month. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in April 2023 an increase of 7.6% against the previous month. The export price peaked at $785K per ton in July 2023; however, from August 2023 to January 2024, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the United Arab Emirates ($806K per ton), while the average price for exports to the UK ($200K per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to Iraq (+1.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Metals; Silver, Unwrought, (But Not Powder) in Turkey
For the fourth consecutive year, Turkey recorded growth in supplies from abroad of metals; silver, unwrought, (but not powder), which increased by 211% to 2K tons in 2022. In general, imports posted a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of metals; silver, unwrought, (but not powder) surged to $1.5B in 2022. Over the period under review, imports showed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Metals; Silver, Unwrought, (But Not Powder) in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | N/A | 29.5 | 201 | 493 | 308.8% |
| China | N/A | N/A | N/A | 415 | 0% |
| Kazakhstan | N/A | 26.5 | 17.4 | 189 | 167.1% |
| Switzerland | 59.0 | 130 | 242 | 176 | 44.0% |
| Taiwan (Chinese) | N/A | N/A | N/A | 63.3 | 0% |
| Uzbekistan | N/A | N/A | N/A | 54.0 | 0% |
| Poland | N/A | 2.0 | 0.9 | 22.4 | 234.7% |
| Belgium | 68.7 | 41.7 | 17.2 | 3.4 | -63.3% |
| Germany | 35.7 | 115 | 20.4 | 0.2 | -82.2% |
| Others | 19.2 | 106 | 29.2 | 101 | 73.9% |
| Total | 183 | 451 | 528 | 1,518 | 102.4% |
Top Suppliers of Metals; Silver, Unwrought, (But Not Powder) to Turkey in 2022:
- Russia (630.8 tons)
- China (523.7 tons)
- Kazakhstan (255.4 tons)
- Switzerland (238.9 tons)
- Taiwan (Chinese) (84.9 tons)
- Uzbekistan (77.0 tons)
- Poland (31.2 tons)
- Belgium (4.6 tons)
- Germany (0.2 tons)
Exports of Metals; Silver, Unwrought, (But Not Powder) in Turkey
In 2022, exports of metals; silver, unwrought, (but not powder) from Turkey soared to 916 tons, rising by 134% against 2021. Over the period under review, exports posted a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 218%. Over the period under review, the exports of attained the peak figure in 2022 and are likely to continue growth in years to come.
In value terms, exports of metals; silver, unwrought, (but not powder) surged to $664M in 2022. Overall, exports saw a significant expansion. The growth pace was the most rapid in 2020 with an increase of 263%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in years to come.
| Export of Metals; Silver, Unwrought, (But Not Powder) in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | N/A | 39.1 | 275 | 637 | 303.6% |
| Singapore | 12.1 | 30.0 | 28.0 | 4.2 | -29.7% |
| Switzerland | 3.8 | 11.1 | 3.4 | 3.6 | -1.8% |
| Others | 9.4 | 11.8 | 15.5 | 18.8 | 26.0% |
| Total | 25.4 | 91.9 | 321 | 664 | 196.8% |
Top Export Markets for Metals; Silver, Unwrought, (But Not Powder) from Turkey in 2022:
- United States (879.6 tons)
- Singapore (5.8 tons)
- Switzerland (4.8 tons)
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