Australia - Silver Including Silver Plated With Gold Or Platinum - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSilver Price in Australia - 2023
Contents:
- Silver Price in Australia (CIF) - 2023
- Silver Price in Australia (FOB) - 2023
- Silver Imports in Australia
- Silver Exports in Australia
Silver Price in Australia (CIF) - 2023
The average silver import price stood at $737K per ton in July 2023, picking up by 7.5% against the previous month. Overall, the import price showed a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In July 2023, the countries with the highest prices were Poland ($767K per ton) and Papua New Guinea ($662K per ton), while the price for South Korea ($662K per ton) and Hong Kong SAR ($662K per ton) were amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Papua New Guinea (+0.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Silver Price in Australia (FOB) - 2023
The average silver export price stood at $709K per ton in July 2023, remaining constant against the previous month. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2022 an increase of 19% m-o-m. As a result, the export price reached the peak level of $888K per ton. From December 2022 to July 2023, the the average export prices failed to regain momentum.
Average prices varied noticeably for the major overseas markets. In July 2023, the countries with the highest prices were New Zealand ($843K per ton) and the United States ($708K per ton), while the average price for exports to Singapore ($696K per ton) and the UK ($696K per ton) were amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+2.1%), while the prices for the other major destinations experienced more modest paces of growth.
Silver Imports in Australia
In 2022, silver imports into Australia skyrocketed to 1K tons, picking up by 37% on the previous year. Overall, imports posted a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 279% against the previous year. As a result, imports reached the peak of 1.1K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, silver imports soared to $730M in 2022. Over the period under review, imports enjoyed a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 391%. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Silver in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | 23.3 | 232 | 86.4 | 323 | 140.2% |
| Poland | 32.1 | 197 | 245 | 170 | 74.3% |
| South Korea | 4.8 | 6.4 | 18.6 | 128 | 198.8% |
| Papua New Guinea | 54.7 | 61.3 | 45.4 | 44.7 | -6.5% |
| China | 4.5 | 14.4 | 37.9 | 28.6 | 85.2% |
| Germany | 0.7 | 1.1 | 1.5 | 15.3 | 179.6% |
| United Kingdom | 4.5 | 119 | 97.4 | 0.5 | -51.9% |
| Others | 11.2 | 34.5 | 30.5 | 19.3 | 19.9% |
| Total | 136 | 667 | 563 | 730 | 75.1% |
Top Suppliers of Silver to Australia in 2022:
- Hong Kong SAR (466.5 tons)
- Poland (232.7 tons)
- South Korea (176.1 tons)
- Papua New Guinea (72.1 tons)
- China (39.3 tons)
- Germany (21.2 tons)
- United Kingdom (0.7 tons)
Silver Exports in Australia
After three years of growth, shipments abroad of silver including silver plated with gold or platinum decreased by -54.1% to 133 tons in 2022. Over the period under review, exports saw a deep contraction. The most prominent rate of growth was recorded in 2020 with an increase of 47% against the previous year.
In value terms, silver exports dropped sharply to $104M in 2022. In general, exports, however, showed a prominent increase. The pace of growth was the most pronounced in 2020 with an increase of 76% against the previous year.
| Export of Silver in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 8.5 | 25.2 | 45.7 | 43.7 | 72.6% |
| India | 9.3 | 64.2 | N/A | 26.6 | 41.9% |
| United States | 1.4 | 2.4 | 19.1 | 19.9 | 142.2% |
| Singapore | 1.8 | 9.0 | 3.2 | 5.3 | 43.3% |
| Switzerland | 21.6 | 11.2 | 9.4 | 3.2 | -47.1% |
| Germany | 0.2 | N/A | 19.5 | 2.3 | 125.7% |
| United Kingdom | 17.9 | 0.4 | 69.4 | 1.5 | -56.2% |
| Hong Kong SAR | 14.7 | 34.4 | 2.7 | 0.4 | -69.9% |
| Estonia | 4.1 | 3.0 | N/A | N/A | -26.8% |
| Others | 7.7 | 3.2 | 62.3 | 1.1 | -47.7% |
| Total | 87.2 | 153 | 231 | 104 | 6.0% |
Top Export Markets for Silver from Australia in 2022:
- New Zealand (53.9 tons)
- India (38.9 tons)
- United States (21.9 tons)
- Singapore (6.8 tons)
- Switzerland (4.2 tons)
- Germany (3.3 tons)
- United Kingdom (1.9 tons)
- Hong Kong SAR (0.5 tons)
This report provides an in-depth analysis of the silver market in Australia. 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 24411030 - Silver, unwrought or in powder form (including plated with gold or platinum)
- Prodcom 24411050 - Silver, in semi-manufactured forms (including plated with gold or platinum) (excluding unwrought or in powder form)
Country coverage:
- Australia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Australia
- 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
427
This report provides an in-depth analysis of the silver market in Australia.
416
This report provides an in-depth analysis of the semi-manufactured silver market in Australia.
461
This report provides an in-depth analysis of the unwrought silver market in Australia.
1331
This report provides an in-depth analysis of the global silver market.
517
This report provides an in-depth analysis of the global semi-manufactured silver market.
1369
This report provides an in-depth analysis of the global unwrought silver market.
427
This report provides an in-depth analysis of the silver market in Australia.
416
This report provides an in-depth analysis of the semi-manufactured silver market in Australia.
461
This report provides an in-depth analysis of the unwrought silver market in Australia.
1331
This report provides an in-depth analysis of the global silver market.
361
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...
1022
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...
180
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.
404
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....
361
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.
5473
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...
1022
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...
180
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.
