U.S. - Silver in Semi-Manufactured Forms - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSemi-Manufactured Silver Price in the United States - 2023
Contents:
- Semi-Manufactured Silver Price in the United States (CIF) - 2023
- Semi-Manufactured Silver Price in the United States (FOB) - 2023
- Semi-Manufactured Silver Imports in the United States
- Semi-Manufactured Silver Exports in the United States
Semi-Manufactured Silver Price in the United States (CIF) - 2023
The average semi-manufactured silver import price stood at $754K per ton in August 2023, with an increase of 3.4% against the previous month. Over the last twelve months, it increased at an average monthly rate of +3.4%. The growth pace was the most rapid in September 2022 when the average import price increased by 29% month-to-month. The import price peaked at $769K per ton in May 2023; however, from June 2023 to August 2023, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In August 2023, the countries with the highest prices were Mexico ($959K per ton) and the UK ($780K per ton), while the price for Canada ($706K per ton) and South Korea ($740K per ton) were amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Mexico (+18.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Semi-Manufactured Silver Price in the United States (FOB) - 2023
In August 2023, the average semi-manufactured silver export price amounted to $732K per ton, falling by -7.1% against the previous month. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in November 2022 when the average export price increased by 10% against the previous month. The export price peaked at $788K per ton in July 2023, and then shrank in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was the UK ($803K per ton), while the average price for exports to Japan ($515K per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+0.5%), while the prices for the other major destinations experienced more modest paces of growth.
Semi-Manufactured Silver Imports in the United States
In 2022, approx. 2.2K tons of silver in semi-manufactured forms were imported into the United States; with an increase of 36% compared with the previous year. Overall, imports saw a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 235%. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in the immediate term.
In value terms, semi-manufactured silver imports surged to $1.4B in 2022. In general, imports posted a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 353%. Imports peaked in 2022 and are likely to see gradual growth in years to come.
| Import of Semi-Manufactured Silver in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 35.3 | 34.3 | 306 | 288 | 101.3% |
| Canada | 30.1 | 18.8 | 36.2 | 270 | 107.8% |
| Kazakhstan | N/A | 9.3 | 14.7 | 212 | 377.4% |
| South Korea | 48.8 | 110 | 83.5 | 194 | 58.4% |
| Mexico | 10.7 | 7.9 | 12.2 | 101 | 111.3% |
| Poland | 5.7 | 139 | 133 | 94.6 | 155.1% |
| United Kingdom | 0.9 | 317 | 242 | 89.0 | 362.4% |
| Australia | N/A | 0.1 | 31.0 | 42.6 | 1964.0% |
| Others | 60.6 | 234 | 196 | 155 | 36.8% |
| Total | 192 | 871 | 1,055 | 1,446 | 96.0% |
Top Suppliers of Semi-Manufactured Silver to the United States in 2022:
- Taiwan (Chinese) (401.0 tons)
- Canada (398.3 tons)
- Kazakhstan (283.2 tons)
- South Korea (283.1 tons)
- Mexico (254.4 tons)
- Poland (134.0 tons)
- United Kingdom (117.1 tons)
- Australia (56.6 tons)
Semi-Manufactured Silver Exports in the United States
In 2022, shipments abroad of silver in semi-manufactured forms decreased by -22.4% to 708 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total exports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +15.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 60% against the previous year.
In value terms, semi-manufactured silver exports dropped significantly to $551M in 2022. Overall, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 84%.
| Export of Semi-Manufactured Silver in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 76.5 | 282 | 587 | 335 | 63.6% |
| Mexico | 55.3 | 53.1 | 67.4 | 80.5 | 13.3% |
| Germany | 3.2 | 4.0 | 4.2 | 18.9 | 80.8% |
| China | 12.3 | 10.6 | 13.2 | 11.8 | -1.4% |
| Belgium | N/A | N/A | 0.1 | 10.8 | 10700.0% |
| United Kingdom | 11.8 | 36.8 | 13.7 | 10.1 | -5.1% |
| India | 35.9 | 5.8 | 8.1 | 4.1 | -51.5% |
| Japan | 20.2 | 22.2 | 1.3 | 1.8 | -55.3% |
| Others | 48.4 | 72.2 | 77.0 | 77.9 | 17.2% |
| Total | 264 | 486 | 772 | 551 | 27.8% |
Top Export Markets for Semi-Manufactured Silver from the United States in 2022:
- Canada (421.0 tons)
- Mexico (107.5 tons)
- Germany (30.0 tons)
- China (15.4 tons)
- Belgium (15.2 tons)
- United Kingdom (13.2 tons)
- India (5.3 tons)
- Japan (2.5 tons)
This report provides an in-depth analysis of the semi-manufactured silver market in the U.S.. 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:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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This report provides an in-depth analysis of the semi-manufactured silver market in the U.S..
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This report provides an in-depth analysis of the silver market in the U.S..
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This report provides an in-depth analysis of the unwrought silver market in the U.S..
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This report provides an in-depth analysis of the global semi-manufactured silver market.
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This report provides an in-depth analysis of the global silver market.
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This report provides an in-depth analysis of the global unwrought silver market.
355
This report provides an in-depth analysis of the semi-manufactured silver market in the U.S..
749
This report provides an in-depth analysis of the silver market in the U.S..
499
This report provides an in-depth analysis of the unwrought silver market in the U.S..
517
This report provides an in-depth analysis of the global semi-manufactured silver market.
414
In July 2022, the silver price per ton amounted to $671,519 per ton, with a decrease of -10.2% against the previous month.
381
In value terms, unwrought silver imports skyrocketed to $377M in March 2023.
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Explore the top import markets for semi-manufactured silver, including India, the United States, Canada, and the United Kingdom. Learn about their import values and the factors driving their demand for silver. Discover the potential of these markets for exporters and businesses.
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Explore the top import markets for silver and the key statistics behind their import values. Learn about the leading countries in the global trade of silver and the factors driving their demand. Gain insights from the IndexBox market intelligence platform.
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In 2016, approx. X tons of silver were imported worldwide- coming down by -X% against the previous year figure. In general, silver imports continue to indicate a moderate decline. The pace of gr...
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In 2016, approx. X tons of silver were imported worldwide- coming down by -X% against the previous year figure. In general, silver imports continue to indicate a moderate decline. The pace of gr...
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Explore the world's best import markets for unwrought silver, including key statistics and factors driving demand. Learn about the top countries and their import values.
765
The global unwrought silver market revenue amounted to $20.1B in 2018, waning by -5.7% against the previous year....
414
In July 2022, the silver price per ton amounted to $671,519 per ton, with a decrease of -10.2% against the previous month.
381
In value terms, unwrought silver imports skyrocketed to $377M in March 2023.
