Norway - Silver Including Silver Plated With Gold Or Platinum - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSilver Price in Norway - 2023
Contents:
- Silver Price in Norway (FOB) - 2023
- Silver Price in Norway (CIF) - 2022
- Silver Exports in Norway
- Silver Imports in Norway
Silver Price in Norway (FOB) - 2023
The average silver export price stood at $708K per ton in August 2023, waning by -8.8% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.1%. The pace of growth was the most pronounced in April 2023 an increase of 17% month-to-month. The export price peaked at $777K per ton in July 2023, and then shrank in the following month.
Average prices varied noticeably for the major export markets. In August 2023, the country with the highest price was Switzerland ($718K per ton), while the average price for exports to Sweden amounted to $687K per ton.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+1.0%).
Silver Price in Norway (CIF) - 2022
In 2022, the average silver import price amounted to $429,244 per ton, which is down by -19% against the previous year. Overall, the import price recorded a deep downturn. The growth pace was the most rapid in 2021 when the average import price increased by 20% against the previous year. The import price peaked at $789,618 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($650,837 per ton), while the price for Hungary ($61,085 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+10.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Silver Exports in Norway
In 2022, approx. 27 tons of silver including silver plated with gold or platinum were exported from Norway; rising by 45% against the previous year's figure. Over the period under review, exports recorded a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of 47% against the previous year. 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 exports surged to $18M in 2022. Overall, exports showed significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 94%. The exports peaked in 2022 and are likely to see steady growth in the near future.
| Export of Silver in Norway (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 6.8 | 6.5 | 9.7 | 9.0 | 9.8% |
| Sweden | 0.4 | 0.3 | 3.3 | 8.6 | 178.1% |
| Saudi Arabia | 0.1 | N/A | 0.1 | 0.5 | 71.0% |
| Others | 0.2 | 0.3 | 0.5 | 0.1 | -20.6% |
| Total | 7.4 | 7.0 | 13.6 | 18.2 | 35.0% |
Top Export Markets for Silver from Norway in 2022:
- Switzerland (13.5 tons)
- Sweden (12.8 tons)
- Saudi Arabia (0.7 tons)
Silver Imports in Norway
In 2022, supplies from abroad of silver including silver plated with gold or platinum decreased by -13.8% to 19 tons, falling for the second consecutive year after two years of growth. Overall, imports continue to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2020 when imports increased by 3%. As a result, imports attained the peak of 22 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, silver imports shrank sharply to $8.1M in 2022. In general, imports recorded a noticeable curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 17% against the previous year. As a result, imports reached the peak of $12M, and then declined notably in the following year.
| Import of Silver in Norway (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 4.5 | 5.9 | 6.5 | 3.4 | -8.9% |
| Germany | 2.6 | 1.6 | 2.7 | 2.4 | -2.6% |
| Italy | 0.6 | 1.1 | 0.9 | 0.9 | 14.5% |
| Denmark | N/A | N/A | 0.1 | 0.3 | 200.0% |
| Netherlands | N/A | N/A | 0.1 | 0.1 | 0.0% |
| France | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Hungary | N/A | N/A | N/A | 0.1 | 0% |
| Others | 1.1 | 1.1 | 1.1 | 0.8 | -10.1% |
| Total | 8.9 | 9.9 | 11.6 | 8.1 | -3.1% |
Top Suppliers of Silver to Norway in 2022:
- Sweden (5.3 tons)
- Germany (4.4 tons)
- Italy (4.1 tons)
- Netherlands (1.1 tons)
- Hungary (1.1 tons)
- France (1.0 tons)
- Denmark (0.5 tons)
This report provides an in-depth analysis of the silver market in Norway. 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:
- Norway
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Norway
- 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 silver market in Norway.
342
This report provides an in-depth analysis of the semi-manufactured silver market in Norway.
384
This report provides an in-depth analysis of the unwrought silver market in Norway.
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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 semi-manufactured silver market.
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This report provides an in-depth analysis of the global unwrought silver market.
502
This report provides an in-depth analysis of the silver market in Norway.
342
This report provides an in-depth analysis of the semi-manufactured silver market in Norway.
384
This report provides an in-depth analysis of the unwrought silver market in Norway.
1337
This report provides an in-depth analysis of the global silver market.
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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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