Report Update: Apr 26, 2024

Switzerland - Silver Including Silver Plated With Gold Or Platinum - Market Analysis, Forecast, Size, Trends and Insights

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Silver Price in Switzerland - 2023

Silver Price in Switzerland (FOB) - 2023

The average silver export price stood at $759K per ton in August 2023, which is down by -2.8% against the previous month. Over the period from August 2022 to August 2023, it increased at an average monthly rate of +1.3%. The pace of growth appeared the most rapid in April 2023 an increase of 13% m-o-m. As a result, the export price attained the peak level of $812K per ton. From May 2023 to August 2023, the the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In August 2023, the highest price was recorded for prices to the United States ($832K per ton) and France ($790K per ton), while the average price for exports to Austria ($742K per ton) and the UK ($747K per ton) were amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+2.2%), while the prices for the other major destinations experienced more modest paces of growth.

Silver Price in Switzerland (CIF) - 2022

In 2022, the average silver import price amounted to $821,846 per ton, dropping by -8.6% against the previous year. Over the period under review, the import price recorded a mild curtailment. The pace of growth appeared the most rapid in 2019 an increase of 54%. Over the period under review, average import prices attained the peak figure at $936,659 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Mexico ($1,593,086 per ton), while the price for Kazakhstan ($679,156 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+11.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Silver Exports in Switzerland

Silver exports from Switzerland contracted slightly to 2.3K tons in 2022, shrinking by -2.8% compared with 2021. Over the period under review, total exports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +15.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +56.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 61%. As a result, the exports reached the peak of 2.4K tons, and then fell modestly in the following year.

In value terms, silver exports fell dramatically to $1.6B in 2022. Overall, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 102% against the previous year. As a result, the exports reached the peak of $2B, and then reduced dramatically in the following year.

Export of Silver in Switzerland (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	12.0	268	608	472	240.1%
Germany	278	181	310	338	6.7%
Austria	14.5	58.9	175	219	147.2%
Turkey	52.6	105	221	128	34.5%
France	55.2	71.1	145	108	25.1%
India	122	46.1	79.7	93.3	-8.6%
Thailand	10.2	N/A	42.4	80.8	99.3%
Italy	30.0	40.7	68.8	65.1	29.5%
United Kingdom	107	115	138	37.1	-29.7%
Czech Republic	15.1	16.7	34.6	21.6	12.7%
Nepal	56.7	16.8	43.2	1.2	-72.3%
Others	36.8	50.7	97.2	65.5	21.2%
Total	790	970	1,962	1,630	27.3%

Top Export Markets for Silver from Switzerland in 2022:

United States (643.5 tons)
Germany (498.6 tons)
Austria (310.4 tons)
Turkey (185.9 tons)
France (155.4 tons)
India (140.2 tons)
Thailand (112.0 tons)
Italy (93.5 tons)
United Kingdom (51.0 tons)
Czech Republic (29.9 tons)
Nepal (1.5 tons)

Silver Imports in Switzerland

In 2022, approx. 1.6K tons of silver including silver plated with gold or platinum were imported into Switzerland; rising by 16% on the previous year's figure. Overall, imports posted a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 84% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, silver imports rose notably to $1.3B in 2022. In general, imports recorded a significant expansion. The growth pace was the most rapid in 2021 with an increase of 98%. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in years to come.

Import of Silver in Switzerland (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United Kingdom	1.6	1.7	62.4	257	443.6%
Hong Kong SAR	0.1	95.5	378	194	1147.2%
Argentina	90.9	76.9	171	143	16.3%
Germany	83.4	109	88.9	112	10.3%
Mexico	28.7	97.6	22.9	108	55.5%
Peru	63.4	62.4	90.7	99.6	16.2%
Chile	19.6	22.0	43.0	92.7	67.9%
Morocco	57.6	46.6	65.6	60.2	1.5%
United States	13.5	35.8	33.2	53.9	58.6%
South Korea	10.8	1.4	38.4	51.8	68.6%
Sweden	0.9	1.4	7.3	42.2	260.6%
Italy	22.2	37.8	28.0	40.8	22.5%
Others	34.8	53.3	238	87.1	35.8%
Total	428	641	1,267	1,344	46.4%

Top Suppliers of Silver to Switzerland in 2022:

United Kingdom (366.0 tons)
Hong Kong SAR (256.1 tons)
Germany (164.2 tons)
Peru (121.0 tons)
Argentina (108.4 tons)
Morocco (88.4 tons)
Chile (85.1 tons)
South Korea (73.3 tons)
Mexico (67.8 tons)
Italy (57.8 tons)
United States (55.2 tons)
Sweden (53.0 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the silver market in Switzerland. 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:

Switzerland

Data coverage:

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