Price for Silver Compounds; Excluding Silver Nitrates in the Philippines - 2023
Contents:
- Price for Silver Compounds; Excluding Silver Nitrates in the Philippines (CIF) - 2022
- Imports of Silver Compounds; Excluding Silver Nitrates in the Philippines
Price for Silver Compounds; Excluding Silver Nitrates in the Philippines (CIF) - 2022
In 2022, the average import price for silver compounds; excluding silver nitrateses amounted to $372,663 per ton, increasing by 29% against the previous year. Overall, the import price posted a tangible increase. The most prominent rate of growth was recorded in 2019 an increase of 45% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in years to come.
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 the United States ($466,735 per ton), while the price for Taiwan (Chinese) ($204,062 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+13.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Silver Compounds; Excluding Silver Nitrates in the Philippines
Silver compounds; excluding silver nitrates imports into the Philippines reduced sharply to 3.8 tons in 2022, falling by -74.3% compared with the year before. Overall, imports continue to indicate a significant decline. The most prominent rate of growth was recorded in 2021 when imports increased by 128% against the previous year. As a result, imports attained the peak of 15 tons, and then fell notably in the following year.
In value terms, silver compounds; excluding silver nitrates imports fell significantly to $1.4M in 2022. Over the period under review, imports, however, enjoyed notable growth. The most prominent rate of growth was recorded in 2021 when imports increased by 183% against the previous year. As a result, imports reached the peak of $4.3M, and then dropped notably in the following year.
| Import of Silver Compounds; Excluding Silver Nitrates in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 892 | 965 | 3,558 | 756 | -5.4% |
| Hong Kong SAR | 384 | 227 | 309 | 486 | 8.2% |
| Taiwan (Chinese) | 0.3 | 283 | 356 | 123 | 642.9% |
| United States | 13.8 | 11.2 | 8.5 | 34.1 | 35.2% |
| Others | 46.0 | 28.9 | 51.3 | 18.3 | -26.5% |
| Total | 1,337 | 1,515 | 4,283 | 1,418 | 2.0% |
Top Suppliers of Silver Compounds; Excluding Silver Nitrates to the Philippines in 2022:
- Japan (2031.0 kg)
- Hong Kong SAR (1080.0 kg)
- Taiwan (Chinese) (601.0 kg)
- United States (73.0 kg)
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