Price for Silver Compounds; Excluding Silver Nitrates in Singapore - 2022
Contents:
- Price for Silver Compounds; Excluding Silver Nitrates in Singapore (FOB) - 2022
- Price for Silver Compounds; Excluding Silver Nitrates in Singapore (CIF) - 2022
- Exports of Silver Compounds; Excluding Silver Nitrates in Singapore
- Imports of Silver Compounds; Excluding Silver Nitrates in Singapore
Price for Silver Compounds; Excluding Silver Nitrates in Singapore (FOB) - 2022
The average export price for silver compounds; excluding silver nitrateses stood at $465K per ton in September 2022, with a decrease of -10.9% against the previous month. Over the period under review, the export price showed a mild decrease. The growth pace was the most rapid in January 2022 an increase of 61% against the previous month. As a result, the export price attained the peak level of $687K per ton. From February 2022 to September 2022, the the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In September 2022, the country with the highest price was Vietnam ($712K per ton), while the average price for exports to Malaysia ($418K per ton) was amongst the lowest.
From September 2021 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+1.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Silver Compounds; Excluding Silver Nitrates in Singapore (CIF) - 2022
In 2022, the average import price for silver compounds; excluding silver nitrateses amounted to $628,678 per ton, with an increase of 42% against the previous year. In general, the import price enjoyed a moderate increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
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 China ($1,549,978 per ton), while the price for the United States ($134,649 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+11.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Silver Compounds; Excluding Silver Nitrates in Singapore
In 2022, overseas shipments of silver compounds; excluding silver nitrateses decreased by -7.3% to 53 tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +4.2% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 12%.
In value terms, silver compounds; excluding silver nitrates exports expanded modestly to $30M in 2022. In general, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 47% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Silver Compounds; Excluding Silver Nitrates in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 12.8 | 15.9 | 20.8 | 21.6 | 19.1% |
| Vietnam | 1.2 | 1.6 | 4.4 | 4.6 | 56.5% |
| Thailand | 1.3 | 2.0 | 2.9 | 3.0 | 32.1% |
| India | 0.3 | 0.2 | 0.8 | 0.8 | 38.7% |
| Others | N/A | N/A | 0.1 | 0.1 | 0.0% |
| Total | 15.6 | 19.7 | 28.9 | 30.1 | 24.5% |
Top Export Markets for Silver Compounds; Excluding Silver Nitrates from Singapore in 2022:
- Malaysia (40.4 tons)
- Vietnam (6.1 tons)
- Thailand (5.4 tons)
- India (1.2 tons)
Imports of Silver Compounds; Excluding Silver Nitrates in Singapore
In 2022, the amount of silver compounds; excluding silver nitrateses imported into Singapore plummeted to 48 tons, reducing by -17% compared with the year before. In general, imports faced a abrupt setback. The growth pace was the most rapid in 2021 with an increase of 5.8%.
In value terms, silver compounds; excluding silver nitrates imports surged to $30M in 2022. Over the period under review, imports, however, showed a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 43% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.
| Import of Silver Compounds; Excluding Silver Nitrates in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 15.0 | 16.7 | 23.8 | 28.0 | 23.1% |
| India | 0.3 | 0.6 | 0.8 | 1.0 | 49.4% |
| United States | 0.4 | 0.4 | 0.4 | 0.5 | 7.7% |
| Taiwan (Chinese) | 0.2 | 0.1 | 0.3 | 0.4 | 26.0% |
| Others | 0.1 | N/A | 0.1 | 0.1 | 0.0% |
| Total | 16.0 | 17.8 | 25.4 | 29.9 | 23.2% |
Top Suppliers of Silver Compounds; Excluding Silver Nitrates to Singapore in 2022:
- Japan (40.7 tons)
- United States (3.4 tons)
- Taiwan (Chinese) (2.4 tons)
- India (0.9 tons)
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