Price for Silver Compounds; Excluding Silver Nitrates in Thailand - 2023
Contents:
- Price for Silver Compounds; Excluding Silver Nitrates in Thailand (CIF) - 2023
- Price for Silver Compounds; Excluding Silver Nitrates in Thailand (FOB) - 2022
- Imports of Silver Compounds; Excluding Silver Nitrates in Thailand
- Exports of Silver Compounds; Excluding Silver Nitrates in Thailand
Price for Silver Compounds; Excluding Silver Nitrates in Thailand (CIF) - 2023
The average import price for silver compounds; excluding silver nitrateses stood at $260K per ton in September 2023, reducing by -21.5% against the previous month. Overall, the import price recorded a slight descent. The pace of growth was the most pronounced in February 2023 when the average import price increased by 161% against the previous month. As a result, import price attained the peak level of $482K per ton. From March 2023 to September 2023, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Japan ($342K per ton), while the price for China ($23,981 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Malaysia (+1.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Silver Compounds; Excluding Silver Nitrates in Thailand (FOB) - 2022
In 2022, the average export price for silver compounds; excluding silver nitrateses amounted to $204,012 per ton, surging by 71% against the previous year. Over the period under review, the export price continues to indicate a remarkable increase. The pace of growth was the most pronounced in 2021 when the average export price increased by 489% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($507,760 per ton), while the average price for exports to Australia ($53,416 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 Hong Kong SAR (+26.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Silver Compounds; Excluding Silver Nitrates in Thailand
After three years of growth, supplies from abroad of silver compounds; excluding silver nitrateses decreased by -3.3% to 14 tons in 2022. In general, imports, however, showed a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 69%. As a result, imports reached the peak of 15 tons, and then shrank in the following year.
In value terms, silver compounds; excluding silver nitrates imports dropped to $4.9M in 2022. Over the period under review, imports, however, saw significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 52% against the previous year. As a result, imports reached the peak of $5.4M, and then dropped in the following year.
| Import of Silver Compounds; Excluding Silver Nitrates in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 2,253 | 3,187 | 4,846 | 4,154 | 22.6% |
| Singapore | N/A | 175 | 4.1 | 518 | 72.0% |
| Malaysia | 0.7 | 10.7 | 98.3 | 84.0 | 393.2% |
| United States | 286 | 1.9 | 1.6 | 3.1 | -77.9% |
| Italy | 16.4 | 31.9 | 171 | 1.5 | -54.9% |
| Others | 176 | 124 | 230 | 145 | -6.3% |
| Total | 2,732 | 3,531 | 5,351 | 4,906 | 21.5% |
Top Suppliers of Silver Compounds; Excluding Silver Nitrates to Thailand in 2022:
- Italy (undefined tons)
- United States (undefined tons)
- Japan (11.9 tons)
- Singapore (1.4 tons)
- Malaysia (0.2 tons)
Exports of Silver Compounds; Excluding Silver Nitrates in Thailand
In 2022, the amount of silver compounds; excluding silver nitrateses exported from Thailand reduced notably to 84 kg, waning by -80% compared with the previous year. In general, exports showed a sharp decline. The most prominent rate of growth was recorded in 2021 when exports increased by 15%.
In value terms, silver compounds; excluding silver nitrates exports fell notably to $17K in 2022. Overall, exports faced a dramatic decrease. The growth pace was the most rapid in 2021 with an increase of 575%.
| Export of Silver Compounds; Excluding Silver Nitrates in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | N/A | 0.6 | 0.4 | 8.6 | 278.6% |
| Indonesia | N/A | 0.9 | 6.2 | 4.9 | 133.3% |
| Cambodia | N/A | N/A | 4.0 | 2.3 | -42.5% |
| Australia | 1.6 | 2.4 | 13.3 | 1.3 | -6.7% |
| China | 51.0 | N/A | N/A | N/A | 0% |
| Singapore | N/A | N/A | 26.1 | N/A | 0% |
| Iran | N/A | 3.5 | N/A | N/A | 0% |
| Others | N/A | N/A | 0.1 | N/A | 0% |
| Total | 52.6 | 7.4 | 50.1 | 17.1 | -31.2% |
Top Export Markets for Silver Compounds; Excluding Silver Nitrates from Thailand in 2022:
- Indonesia (35.0 kg)
- Australia (24.0 kg)
- Hong Kong SAR (17.0 kg)
- Cambodia (8.0 kg)
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