Price for Silver Compounds; Excluding Silver Nitrates in Kazakhstan - 2022

Price for Silver Compounds; Excluding Silver Nitrates in Kazakhstan (CIF) - 2022

In 2022, the average import price for silver compounds; excluding silver nitrateses amounted to $237,814 per ton, shrinking by -35.9% against the previous year. In general, the import price recorded a abrupt setback. The growth pace was the most rapid in 2018 an increase of 16% against the previous year. The import price peaked at $507,172 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat 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 North Macedonia ($986,500 per ton), while the price for Russia amounted to $211,299 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by North Macedonia (+15.7%).

Price for Silver Compounds; Excluding Silver Nitrates in Kazakhstan (FOB) - 2022

In 2022, the average export price for silver compounds; excluding silver nitrateses amounted to $181,000 per ton, reducing by -52.4% against the previous year. Overall, the export price, however, continues to indicate a prominent expansion. The pace of growth was the most pronounced in 2016 when the average export price increased by 119% against the previous year. The export price peaked at $396,333 per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Belarus.

From 2012 to 2022, the rate of growth in terms of prices for Kyrgyzstan amounted to +17.6% per year.

Imports of Silver Compounds; Excluding Silver Nitrates in Kazakhstan

In 2022, supplies from abroad of silver compounds; excluding silver nitrateses increased by 112% to 70 kg for the first time since 2019, thus ending a two-year declining trend. In general, imports recorded a temperate expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, silver compounds; excluding silver nitrates imports skyrocketed to $17K in 2022. Over the period under review, imports, however, saw a abrupt decrease.

Import of Silver Compounds; Excluding Silver Nitrates in Kazakhstan (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Russia	14.5	11.0	5.6	14.2	-0.7%
North Macedonia	N/A	2.2	1.6	2.0	-4.7%
Germany	2.6	2.4	1.9	N/A	-14.5%
Others	3.4	3.0	3.1	0.5	-47.2%
Total	20.6	18.7	12.2	16.6	-6.9%

Top Suppliers of Silver Compounds; Excluding Silver Nitrates to Kazakhstan in 2022:

Russia (67.0 kg)
North Macedonia (2.0 kg)

Exports of Silver Compounds; Excluding Silver Nitrates in Kazakhstan

In 2022, approx. 1 kg of silver compounds; excluding silver nitrateses were exported from Kazakhstan; declining by -50% on the previous year. In general, exports continue to indicate a dramatic decline. The smallest decline of -33.3% was in 2021.

In value terms, silver compounds; excluding silver nitrates exports fell sharply to $181 in 2022. Overall, exports continue to indicate a dramatic decrease. The smallest decline of -20% was in 2021.