Price for Silver Compounds; Excluding Silver Nitrates in the United States - 2023
Contents:
- Price for Silver Compounds; Excluding Silver Nitrates in the United States (FOB) - 2023
- Price for Silver Compounds; Excluding Silver Nitrates in the United States (CIF) - 2022
- Exports of Silver Compounds; Excluding Silver Nitrates in the United States
- Imports of Silver Compounds; Excluding Silver Nitrates in the United States
Price for Silver Compounds; Excluding Silver Nitrates in the United States (FOB) - 2023
The average export price for silver compounds; excluding silver nitrateses stood at $453K per ton in September 2023, increasing by 14% against the previous month. In general, the export price recorded buoyant growth. The pace of growth appeared the most rapid in January 2023 when the average export price increased by 139% m-o-m. Over the period under review, the average export prices reached the maximum at $480K per ton in March 2023; however, from April 2023 to September 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was India ($1.4M per ton), while the average price for exports to Canada ($77,827 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+30.1%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Silver Compounds; Excluding Silver Nitrates in the United States (CIF) - 2022
In 2022, the average import price for silver compounds; excluding silver nitrateses amounted to $300,464 per ton, waning by -12.4% against the previous year. Overall, import price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +2.1% 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 decreased by -20.2% against 2020 indices. The pace of growth was the most pronounced in 2020 when the average import price increased by 64%. As a result, import price reached the peak level of $376,707 per ton. From 2021 to 2022, the average import prices remained at a lower figure.
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 Croatia ($517,362 per ton), while the price for Japan ($141,059 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (+13.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Silver Compounds; Excluding Silver Nitrates in the United States
In 2022, exports of silver compounds; excluding silver nitrateses from the United States contracted rapidly to 36 tons, waning by -31.5% compared with the previous year. Over the period under review, exports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 68%.
In value terms, silver compounds; excluding silver nitrates exports fell markedly to $7.8M in 2022. Overall, exports recorded a dramatic setback. The most prominent rate of growth was recorded in 2021 when exports increased by 92%.
| Export of Silver Compounds; Excluding Silver Nitrates in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 1.0 | 0.8 | 2.6 | 2.1 | 28.1% |
| Canada | 1.5 | 2.3 | 2.1 | 1.3 | -4.7% |
| South Korea | 0.6 | 0.9 | 3.4 | 1.3 | 29.4% |
| China | 8.6 | 0.3 | 1.2 | 0.6 | -58.8% |
| United Kingdom | 1.0 | 0.6 | 0.5 | 0.5 | -20.6% |
| Germany | 0.3 | 0.1 | 0.4 | 0.5 | 18.6% |
| Israel | 0.2 | 0.3 | 0.3 | 0.3 | 14.5% |
| Russia | 0.6 | 0.1 | N/A | N/A | -83.3% |
| Others | 1.6 | 1.6 | 2.8 | 1.2 | -9.1% |
| Total | 15.4 | 7.0 | 13.4 | 7.8 | -20.3% |
Top Export Markets for Silver Compounds; Excluding Silver Nitrates from the United States in 2022:
- Mexico (10.8 tons)
- United Kingdom (10.2 tons)
- Canada (4.9 tons)
- China (2.4 tons)
- South Korea (2.0 tons)
- Germany (1.9 tons)
- Israel (0.7 tons)
Imports of Silver Compounds; Excluding Silver Nitrates in the United States
After two years of decline, overseas purchases of silver compounds; excluding silver nitrateses increased by 26% to 13 tons in 2022. Over the period under review, imports, however, recorded a abrupt curtailment.
In value terms, silver compounds; excluding silver nitrates imports reached $3.9M in 2022. The total import value increased at an average annual rate of +2.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when imports increased by 35% against the previous year. As a result, imports attained the peak of $4.9M. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Silver Compounds; Excluding Silver Nitrates in the United States (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Croatia | 1,486 | 2,515 | 1,642 | 2,064 | 11.6% |
| Japan | 1,021 | 842 | 1,456 | 989 | -1.1% |
| United Kingdom | 187 | 170 | 85.0 | 455 | 34.5% |
| Switzerland | 60.7 | 32.7 | 58.5 | 153 | 36.1% |
| Spain | 103 | 89.2 | 59.0 | 80.5 | -7.9% |
| China | 2.6 | 10.6 | 36.1 | 61.4 | 186.9% |
| Colombia | 633 | 1,110 | N/A | N/A | 75.4% |
| Others | 122 | 92.2 | 205 | 118 | -1.1% |
| Total | 3,615 | 4,862 | 3,541 | 3,921 | 2.7% |
Top Suppliers of Silver Compounds; Excluding Silver Nitrates to the United States in 2022:
- Japan (7.0 tons)
- Croatia (4.0 tons)
- United Kingdom (1.0 tons)
- China (0.3 tons)
- Switzerland (0.3 tons)
- Spain (0.3 tons)
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