Price for Silver Compounds; Excluding Silver Nitrates in Sri Lanka - 2021

Contents:

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

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

In 2022, the average import price for silver compounds; excluding silver nitrateses amounted to $14,219 per ton, declining by -63.3% against the previous year. In general, the import price recorded a abrupt curtailment. The growth pace was the most rapid in 2019 an increase of 259% against the previous year. Over the period under review, average import prices hit record highs at $257,525 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($328,114 per ton), while the price for South Korea ($5,565 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+11.3%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, the average export price for silver compounds; excluding silver nitrateses amounted to $154,045 per ton, approximately reflecting the previous year. In general, the export price saw a deep slump. The most prominent rate of growth was recorded in 2013 an increase of 75% against the previous year. Over the period under review, the average export prices reached the maximum at $759,500 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for India amounted to -8.0% per year.

Imports of Silver Compounds; Excluding Silver Nitrates in Sri Lanka

Silver compounds; excluding silver nitrates imports into Sri Lanka surged to 4.4 tons in 2022, with an increase of 449% compared with 2021 figures. Over the period under review, imports continue to indicate a significant expansion. The growth pace was the most rapid in 2020 when imports increased by 3,973%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, silver compounds; excluding silver nitrates imports surged to $62K in 2022. Overall, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 1,197%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.

Import of Silver Compounds; Excluding Silver Nitrates in Sri Lanka (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
IndiaN/A5.29.251.1213.5%
South KoreaN/A0.10.10.5123.6%
United Kingdom1.716.418.1N/A226.3%
Others0.12.93.410.8376.2%
Total1.924.530.962.4220.2%

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

  1. India (4.3 tons)
  2. South Korea (0.1 tons)

Exports of Silver Compounds; Excluding Silver Nitrates in Sri Lanka

In 2022, shipments abroad of silver compounds; excluding silver nitrateses increased by 57% to 11 kg for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, saw a deep slump.

In value terms, silver compounds; excluding silver nitrates exports skyrocketed to $1.7K in 2022. In general, exports continue to indicate a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Silver Compounds; Excluding Silver Nitrates in Sri Lanka (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
India1.61.41.11.72.0%
OthersN/AN/AN/AN/A0%
Total1.61.41.11.72.0%

Top Export Markets for Silver Compounds; Excluding Silver Nitrates from Sri Lanka in 2022:

  1. India (11.0 kg)

Source: IndexBox Market Intelligence Platform

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Free Data: Silver compounds; excluding silver nitrates - Sri Lanka