Price for Silver Compounds; Excluding Silver Nitrates in South Korea - 2022

Contents:

1. Price for Silver Compounds; Excluding Silver Nitrates in South Korea (CIF) - 2022
2. Price for Silver Compounds; Excluding Silver Nitrates in South Korea (FOB) - 2022
3. Imports of Silver Compounds; Excluding Silver Nitrates in South Korea
4. Exports of Silver Compounds; Excluding Silver Nitrates in South Korea

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

The average import price for silver compounds; excluding silver nitrateses stood at $517,054 per ton in 2022, remaining constant against the previous year. Over the period under review, import price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, silver compounds; excluding silver nitrates import price increased by +19.5% against 2017 indices. The pace of growth was the most pronounced in 2013 an increase of 65% against the previous year. Over the period under review, average import prices attained the maximum at $718,582 per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

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 ($2,622,272 per ton), while the price for Japan ($374,126 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+12.8%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for silver compounds; excluding silver nitrateses amounted to $597,284 per ton, which is down by -2.1% against the previous year. In general, the export price, however, saw a resilient increase. The pace of growth appeared the most rapid in 2015 when the average export price increased by 172% against the previous year. The export price peaked at $610,319 per ton in 2021, and then shrank in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was China ($997,977 per ton), while the average price for exports to Colombia ($83,955 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 Taiwan (Chinese) (+40.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Silver Compounds; Excluding Silver Nitrates in South Korea

After three years of growth, purchases abroad of silver compounds; excluding silver nitrateses decreased by -29.5% to 6.5 tons in 2022. Over the period under review, imports, however, showed a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 141%. As a result, imports attained the peak of 9.3 tons, and then contracted sharply in the following year.

In value terms, silver compounds; excluding silver nitrates imports fell remarkably to $3.4M in 2022. In general, imports, however, enjoyed a significant increase. The growth pace was the most rapid in 2021 when imports increased by 153%. As a result, imports reached the peak of $4.8M, and then dropped dramatically in the following year.

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

1. United States (4.3 tons)
2. Japan (1.9 tons)
3. China (0.2 tons)

Exports of Silver Compounds; Excluding Silver Nitrates in South Korea

In 2022, overseas shipments of silver compounds; excluding silver nitrateses were finally on the rise to reach 4.3 tons after two years of decline. Over the period under review, exports, however, recorded a abrupt curtailment.

In value terms, silver compounds; excluding silver nitrates exports declined to $2.6M in 2022. The total export value increased at an average annual rate of +2.1% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 5.5%.

Top Export Markets for Silver Compounds; Excluding Silver Nitrates from South Korea in 2022:

1. Vietnam (2197.0 kg)
2. China (1518.0 kg)
3. Indonesia (211.0 kg)
4. Malaysia (144.0 kg)
5. Colombia (144.0 kg)
6. Taiwan (Chinese) (52.0 kg)

Source: IndexBox Market Intelligence Platform