Report Update: May 8, 2024

Indonesia - Silver in Semi-Manufactured Forms - Market Analysis, Forecast, Size, Trends And Insights

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Semi-Manufactured Silver Price in Indonesia - 2022

Semi-Manufactured Silver Price in Indonesia (CIF) - 2022

In March 2022, the average semi-manufactured silver import price amounted to $189K per ton, jumping by 110% against the previous month. Overall, the import price recorded moderate growth. The import price peaked at $198K per ton in November 2021; however, from December 2021 to March 2022, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Japan ($664K per ton), while the price for Singapore ($78,844 per ton) was amongst the lowest.

From March 2021 to March 2022, the most notable rate of growth in terms of prices was attained by Hungary (+99.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Semi-Manufactured Silver Price in Indonesia (FOB) - 2022

In 2022, the average semi-manufactured silver export price amounted to $672,765 per ton, surging by 16% against the previous year. Over the period under review, the export price, however, showed a noticeable decrease. The pace of growth was the most pronounced in 2021 when the average export price increased by 45%. The export price peaked at $866,961 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($1,365,695 per ton), while the average price for exports to Singapore ($41,647 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 Japan (+19.9%), while the prices for the other major destinations experienced more modest paces of growth.

Semi-Manufactured Silver Imports in Indonesia

In 2022, the amount of silver in semi-manufactured forms imported into Indonesia skyrocketed to 211 tons, picking up by 42% compared with 2021. Overall, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +13.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +66.4% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, semi-manufactured silver imports skyrocketed to $30M in 2022. In general, imports posted significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 80%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Import of Semi-Manufactured Silver in Indonesia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Japan	6.0	4.4	7.8	13.0	29.4%
Singapore	3.3	3.8	7.1	10.7	48.0%
Taiwan (Chinese)	0.8	0.7	1.3	2.0	35.7%
South Korea	1.3	1.2	0.8	1.6	7.2%
Others	0.6	0.7	2.6	2.8	67.1%
Total	12.0	10.9	19.6	30.1	35.9%

Top Suppliers of Semi-Manufactured Silver to Indonesia in 2022:

Singapore (127.1 tons)
Japan (37.6 tons)
Taiwan (Chinese) (19.6 tons)
South Korea (13.5 tons)

Semi-Manufactured Silver Exports in Indonesia

In 2022, the amount of silver in semi-manufactured forms exported from Indonesia dropped sharply to 5.7 tons, declining by -48.6% compared with the year before. In general, exports recorded a abrupt downturn. The pace of growth was the most pronounced in 2021 when exports increased by 267%. As a result, the exports attained the peak of 11 tons, and then dropped markedly in the following year.

In value terms, semi-manufactured silver exports shrank remarkably to $3.8M in 2022. Over the period under review, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 431% against the previous year. As a result, the exports attained the peak of $6.5M, and then dropped significantly in the following year.

Export of Semi-Manufactured Silver in Indonesia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
India	1,579	541	2,378	1,613	0.7%
Switzerland	1,005	343	1,546	1,252	7.6%
Japan	561	191	863	699	7.6%
Australia	690	112	215	127	-43.1%
Czech Republic	1.1	1.0	12.7	90.0	334.1%
Singapore	22.4	8.8	23.1	8.8	-26.8%
Malaysia	N/A	N/A	393	N/A	0%
Nepal	N/A	N/A	955	N/A	0%
Others	42.3	18.5	64.4	42.9	0.5%
Total	3,899	1,215	6,451	3,833	-0.6%

Top Export Markets for Semi-Manufactured Silver from Indonesia in 2022:

India (2221.0 kg)
Switzerland (2180.0 kg)
Japan (512.0 kg)
Czech Republic (257.0 kg)
Australia (229.0 kg)
Singapore (211.0 kg)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the semi-manufactured silver market in Indonesia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 24411050 - Silver, in semi-manufactured forms (including plated with gold or platinum) (excluding unwrought or in powder form)

Country coverage:

Indonesia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Indonesia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023