Report Update: May 1, 2024

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

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Semi-Manufactured Silver Price in Vietnam - 2021

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

In 2022, the average semi-manufactured silver import price amounted to $410,156 per ton, with an increase of 15% against the previous year. Overall, import price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, semi-manufactured silver import price decreased by -18.6% against 2020 indices. The pace of growth was the most pronounced in 2014 an increase of 67%. Over the period under review, average import prices reached the peak figure at $506,674 per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Taiwan (Chinese) ($434,475 per ton) and France ($434,475 per ton), while the price for Italy ($337,059 per ton) and China ($343,634 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average semi-manufactured silver export price stood at $639,955 per ton in 2022, declining by -7.3% against the previous year. Overall, export price indicated a pronounced 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, semi-manufactured silver export price increased by +48.5% against 2019 indices. The pace of growth appeared the most rapid in 2021 when the average export price increased by 31%. As a result, the export price attained the peak level of $689,992 per ton, and then contracted in the following year.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($639,956 per ton), while the average price for exports to South Korea totaled $639,954 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+4.1%), while the prices for the other major destinations experienced more modest paces of growth.

Semi-Manufactured Silver Imports in Vietnam

In 2022, after three years of growth, there was significant decline in purchases abroad of silver in semi-manufactured forms, when their volume decreased by -21.4% to 21 tons. In general, imports, however, posted resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of 75% against the previous year. As a result, imports reached the peak of 27 tons, and then fell notably in the following year.

In value terms, semi-manufactured silver imports declined to $8.7M in 2022. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +13.8% 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 +47.3% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 32%.

Import of Semi-Manufactured Silver in Vietnam (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
South Korea	3.8	4.8	5.7	5.2	11.0%
Japan	0.9	1.2	1.4	1.3	13.0%
Taiwan (Chinese)	0.1	N/A	0.7	0.6	81.7%
France	N/A	N/A	0.5	0.4	-20.0%
United States	0.5	0.3	0.4	0.4	-7.2%
China	0.3	0.6	0.4	0.4	10.1%
Italy	0.1	0.5	0.2	0.2	26.0%
Others	0.3	0.5	0.3	0.2	-12.6%
Total	5.9	7.8	9.6	8.7	13.8%

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

South Korea (12.4 tons)
Japan (3.1 tons)
Taiwan (Chinese) (1.5 tons)
United States (1.1 tons)
China (1.1 tons)
France (1.0 tons)
Italy (0.7 tons)

Semi-Manufactured Silver Exports in Vietnam

Semi-manufactured silver exports from Vietnam dropped markedly to 177 kg in 2022, declining by -28% against the previous year's figure. Over the period under review, exports, however, showed a strong expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 128%. As a result, the exports reached the peak of 246 kg, and then declined markedly in the following year.

In value terms, semi-manufactured silver exports contracted remarkably to $113K in 2022. Overall, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 199%. As a result, the exports attained the peak of $170K, and then reduced rapidly in the following year.

Export of Semi-Manufactured Silver in Vietnam (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Japan	40.4	43.7	87.7	60.5	14.4%
South Korea	13.1	4.6	76.6	52.8	59.1%
China	9.0	6.8	N/A	N/A	-24.4%
Others	N/A	1.7	5.5	N/A	223.5%
Total	62.5	56.8	170	113	21.8%

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

Japan (94.0 kg)
South Korea (83.0 kg)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the semi-manufactured silver market in Vietnam. 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:

Vietnam

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Vietnam
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