Price for Silver Compounds; Excluding Silver Nitrates in South Africa - 2023
Contents:
- Price for Silver Compounds; Excluding Silver Nitrates in South Africa (CIF) - 2022
- Price for Silver Compounds; Excluding Silver Nitrates in South Africa (FOB) - 2022
- Imports of Silver Compounds; Excluding Silver Nitrates in South Africa
- Exports of Silver Compounds; Excluding Silver Nitrates in South Africa
Price for Silver Compounds; Excluding Silver Nitrates in South Africa (CIF) - 2022
The average import price for silver compounds; excluding silver nitrateses stood at $158,961 per ton in 2022, falling by -94.4% against the previous year. Overall, the import price showed a drastic downturn. The most prominent rate of growth was recorded in 2015 an increase of 361% against the previous year. The import price peaked at $4,139,401 per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($4,195,404 per ton), while the price for Canada ($3,279 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+19.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Silver Compounds; Excluding Silver Nitrates in South Africa (FOB) - 2022
The average export price for silver compounds; excluding silver nitrateses stood at $9,412 per ton in 2022, growing by 22% against the previous year. Over the period under review, the export price, however, showed a deep contraction. The most prominent rate of growth was recorded in 2017 when the average export price increased by 3,917%. As a result, the export price reached the peak level of $276,069 per ton. From 2018 to 2022, the average 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 the UK ($16,438 per ton), while the average price for exports to Kenya ($4,483 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kenya (+19.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Silver Compounds; Excluding Silver Nitrates in South Africa
In 2022, supplies from abroad of silver compounds; excluding silver nitrateses was finally on the rise to reach 746 kg after two years of decline. Over the period under review, imports recorded significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, silver compounds; excluding silver nitrates imports soared to $119K in 2022. Overall, imports, however, recorded a deep slump.
| Import of Silver Compounds; Excluding Silver Nitrates in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 190 | 170 | 68.1 | 48.7 | -36.5% |
| Netherlands | 8.1 | 5.1 | 1.6 | 30.3 | 55.2% |
| China | 0.2 | N/A | 0.4 | 18.9 | 355.5% |
| United States | 1.7 | 4.1 | 11.5 | 9.6 | 78.1% |
| Switzerland | N/A | 0.1 | 0.5 | 3.6 | 500.0% |
| Germany | 9.2 | 5.7 | 2.1 | 2.9 | -31.9% |
| North Macedonia | N/A | N/A | N/A | 2.4 | 0% |
| Canada | N/A | N/A | N/A | 0.4 | 0% |
| Others | N/A | 0.9 | 2.7 | 1.8 | 41.4% |
| Total | 209 | 186 | 87.0 | 119 | -17.1% |
Top Suppliers of Silver Compounds; Excluding Silver Nitrates to South Africa in 2022:
- China (314.0 kg)
- Canada (114.0 kg)
- North Macedonia (112.0 kg)
- United States (96.0 kg)
- Switzerland (34.0 kg)
- Germany (30.0 kg)
- Netherlands (16.0 kg)
- India (12.0 kg)
Exports of Silver Compounds; Excluding Silver Nitrates in South Africa
In 2022, after two years of decline, there was significant growth in overseas shipments of silver compounds; excluding silver nitrateses, when their volume increased by 78% to 3.5 tons. Over the period under review, exports, however, showed a dramatic shrinkage.
In value terms, silver compounds; excluding silver nitrates exports surged to $33K in 2022. In general, exports, however, continue to indicate a dramatic decrease.
| Export of Silver Compounds; Excluding Silver Nitrates in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Democratic Republic of the Congo | 7.0 | 0.1 | 0.3 | 18.8 | 39.0% |
| Ethiopia | 4.0 | N/A | N/A | 6.0 | 14.5% |
| Zambia | N/A | N/A | N/A | 2.9 | 0% |
| Ghana | 17.0 | 4.3 | 5.5 | 1.3 | -57.6% |
| Kenya | 7.8 | 2.3 | 3.3 | 1.0 | -49.6% |
| United Kingdom | 147 | 52.2 | N/A | 0.4 | -86.0% |
| Swaziland | N/A | N/A | 0.4 | 0.4 | 0.0% |
| Botswana | 0.2 | 0.4 | 2.1 | 0.4 | 26.0% |
| Djibouti | 96.9 | 89.4 | N/A | N/A | -7.7% |
| Others | 10.0 | 91.1 | 3.5 | 1.6 | -45.7% |
| Total | 290 | 240 | 15.1 | 32.6 | -51.7% |
Top Export Markets for Silver Compounds; Excluding Silver Nitrates from South Africa in 2022:
- Democratic Republic of the Congo (1366.0 kg)
- Ethiopia (1288.0 kg)
- Ghana (219.0 kg)
- Kenya (217.0 kg)
- Zambia (181.0 kg)
- Swaziland (78.0 kg)
- Botswana (59.0 kg)
- United Kingdom (23.0 kg)
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