Report Update: May 1, 2024

India - Silver Ores And Concentrates - Market Analysis, Forecast, Size, Trends And Insights

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Silver Ore Price in India - 2022

Silver Ore Price in India (FOB) - 2022

In 2022, the average silver ore export price amounted to $4,135 per ton, reducing by -19.8% against the previous year. Overall, the export price showed a precipitous descent. The most prominent rate of growth was recorded in 2016 an increase of 68%. The export price peaked at $55,948 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($93,526 per ton), while the average price for exports to China amounted to $1,156 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+10.5%).

Silver Ore Price in India (CIF) - 2022

In 2022, the average silver ore import price amounted to $1,339,368 per ton, rising by 81% against the previous year. Over the period under review, the import price continues to indicate prominent growth. The growth pace was the most rapid in 2016 when the average import price increased by 85% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for Chile amounted to +14.1% per year.

Silver Ore Exports in India

For the fourth consecutive year, India recorded growth in overseas shipments of silver ores and concentrates, which increased by 20% to 128 tons in 2022. Overall, exports saw significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 168%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, silver ore exports reduced slightly to $529K in 2022. In general, exports, however, continue to indicate a pronounced shrinkage.

Export of Silver Ore in India (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Japan	537	407	306	354	-13.0%
China	55.5	44.3	35.2	43.0	-8.2%
Nepal	N/A	N/A	1.7	N/A	0%
Others	0.1	120	207	132	997.0%
Total	593	571	549	529	-3.7%

Top Export Markets for Silver Ore from India in 2022:

China (37.2 tons)
Japan (3.8 tons)

Silver Ore Imports in India

In 2022, imports of silver ores and concentrates into India dropped dramatically to 95 kg, which is down by -53.4% on the previous year's figure. Over the period under review, imports recorded a significant decrease. The smallest decline of -1.2% was in 2020.

In value terms, silver ore imports contracted notably to $127K in 2022. Overall, imports faced a sharp shrinkage. The pace of growth appeared the most rapid in 2020 when imports increased by 42% against the previous year. As a result, imports reached the peak of $1.1M. From 2021 to 2022, the growth of imports remained at a lower figure.

Import of Silver Ore in India (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	1.4	1.7	0.1	1.7	6.7%
Spain	0.3	N/A	N/A	N/A	0%
Singapore	N/A	N/A	1.6	N/A	0%
Others	-0.9	-0.6	-1.6	-1.6	21.1%
Total	0.8	1.1	0.2	0.1	-50.0%

Top Suppliers of Silver Ore to India in 2022:

United States (3.4 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the silver ore market in India. 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 07291410 -

Country coverage:

India

Data coverage:

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

Reasons to buy this report:

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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
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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