Price for Silver Compounds; Excluding Silver Nitrates in Denmark - 2023
Contents:
- Price for Silver Compounds; Excluding Silver Nitrates in Denmark (CIF) - 2022
- Price for Silver Compounds; Excluding Silver Nitrates in Denmark (FOB) - 2022
- Imports of Silver Compounds; Excluding Silver Nitrates in Denmark
- Exports of Silver Compounds; Excluding Silver Nitrates in Denmark
Price for Silver Compounds; Excluding Silver Nitrates in Denmark (CIF) - 2022
The average import price for silver compounds; excluding silver nitrateses stood at $533,088 per ton in 2022, rising by 49% against the previous year. In general, the import price, however, continues to indicate a noticeable downturn. The pace of growth appeared the most rapid in 2017 an increase of 95% against the previous year. The import price peaked at $764,111 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 Belgium ($630,049 per ton), while the price for Norway ($2,156 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+41.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Silver Compounds; Excluding Silver Nitrates in Denmark (FOB) - 2022
In 2022, the average export price for silver compounds; excluding silver nitrateses amounted to $83,553 per ton, jumping by 44% against the previous year. Overall, the export price enjoyed perceptible growth. The growth pace was the most rapid in 2017 an increase of 82% against the previous year. The export price peaked at $104,916 per ton in 2013; however, from 2014 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 Norway ($92,627 per ton), while the average price for exports to Germany amounted to $56,189 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+53.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Silver Compounds; Excluding Silver Nitrates in Denmark
In 2022, silver compounds; excluding silver nitrates imports into Denmark skyrocketed to 7.6 tons, picking up by 100% against 2021 figures. Over the period under review, imports showed a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 145% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, silver compounds; excluding silver nitrates imports soared to $4.1M in 2022. Overall, imports showed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Silver Compounds; Excluding Silver Nitrates in Denmark (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 1,097 | 478 | 1,206 | 3,930 | 53.0% |
| United Kingdom | 72.3 | 80.5 | 54.9 | 71.4 | -0.4% |
| United States | N/A | N/A | 88.3 | 44.1 | -50.1% |
| Germany | 4.0 | 4.3 | 4.3 | 26.1 | 86.9% |
| Norway | N/A | N/A | N/A | 1.1 | 0% |
| Others | 2.6 | N/A | 17.5 | 2.7 | 1.3% |
| Total | 1,176 | 563 | 1,371 | 4,076 | 51.3% |
Top Suppliers of Silver Compounds; Excluding Silver Nitrates to Denmark in 2022:
- Belgium (6.2 tons)
- United States (0.5 tons)
- Norway (0.5 tons)
- United Kingdom (0.3 tons)
- Germany (0.1 tons)
Exports of Silver Compounds; Excluding Silver Nitrates in Denmark
For the third consecutive year, Denmark recorded decline in overseas shipments of silver compounds; excluding silver nitrateses, which decreased by -47.1% to 937 kg in 2022. Over the period under review, exports showed a sharp contraction. The smallest decline of -8.8% was in 2021.
In value terms, silver compounds; excluding silver nitrates exports dropped markedly to $78K in 2022. In general, exports saw a abrupt decrease. The smallest decline of -7.9% was in 2020.
| Export of Silver Compounds; Excluding Silver Nitrates in Denmark (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | N/A | N/A | 91.8 | 50.5 | -45.0% |
| Norway | 22.1 | 1.8 | 10.2 | 3.0 | -48.6% |
| Nigeria | 3.0 | N/A | N/A | N/A | 0% |
| China | 82.1 | 130 | N/A | N/A | 58.3% |
| Canada | 25.7 | N/A | N/A | N/A | 0% |
| Others | 10.5 | 0.3 | 0.8 | 24.8 | 33.2% |
| Total | 143 | 132 | 103 | 78.3 | -18.2% |
Top Export Markets for Silver Compounds; Excluding Silver Nitrates from Denmark in 2022:
- Germany (899.0 kg)
- Norway (32.0 kg)
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