Vietnam - Silver Including Silver Plated With Gold Or Platinum - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSilver Price in Vietnam - 2021
Contents:
- Silver Price in Vietnam (CIF) - 2021
- Silver Price in Vietnam (FOB) - 2022
- Silver Imports in Vietnam
- Silver Exports in Vietnam
Silver Price in Vietnam (CIF) - 2021
The average silver import price stood at $774K per ton in December 2021, stabilizing at the previous month. Over the last twelve months, it increased at an average monthly rate of +1.8%. The most prominent rate of growth was recorded in January 2021 when the average import price increased by 22% month-to-month. Over the period under review, average import prices attained the maximum at $787K per ton in February 2021; however, from March 2021 to December 2021, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In December 2021, the countries with the highest prices were Thailand ($828K per ton) and Hong Kong SAR ($827K per ton), while the price for France ($692K per ton) and the United States ($711K per ton) were amongst the lowest.
From December 2020 to December 2021, the most notable rate of growth in terms of prices was attained by Thailand (+2.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Silver Price in Vietnam (FOB) - 2022
In 2022, the average silver export price amounted to $791,668 per ton, which is down by -5.1% against the previous year. Overall, the export price saw a slight setback. The most prominent rate of growth was recorded in 2021 an increase of 32% against the previous year. The export price peaked at $882,184 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Germany ($818,875 per ton) and South Korea ($785,420 per ton), while the average price for exports to China ($736,509 per ton) and Japan ($739,754 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+31.9%), while the prices for the other major destinations experienced more modest paces of growth.
Silver Imports in Vietnam
In 2022, imports of silver including silver plated with gold or platinum into Vietnam skyrocketed to 43 tons, rising by 23% on 2021. Over the period under review, imports, however, saw a abrupt contraction.
In value terms, silver imports stood at $29M in 2022. The total import value increased at an average annual rate of +3.8% over the period from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 20%. As a result, imports attained the peak of $31M. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Silver in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 6.6 | 9.4 | 11.2 | 9.6 | 13.3% |
| China | 8.2 | 10.3 | 1.5 | 5.6 | -11.9% |
| Taiwan (Chinese) | 1.6 | 1.2 | 4.8 | 4.1 | 36.8% |
| Switzerland | 1.3 | 1.2 | 3.2 | 2.8 | 29.1% |
| Thailand | 4.0 | 3.1 | 1.1 | 2.3 | -16.8% |
| Japan | 1.5 | 2.4 | 2.1 | 1.8 | 6.3% |
| Hong Kong SAR | 0.6 | 1.1 | 0.6 | 0.7 | 5.3% |
| United States | 0.6 | 0.4 | 0.5 | 0.4 | -12.6% |
| Others | 1.3 | 1.8 | 2.0 | 1.7 | 9.4% |
| Total | 25.9 | 31.0 | 26.9 | 28.9 | 3.7% |
Top Suppliers of Silver to Vietnam in 2022:
- South Korea (13.0 tons)
- China (9.8 tons)
- Taiwan (Chinese) (5.1 tons)
- Thailand (4.1 tons)
- Switzerland (3.4 tons)
- Japan (2.9 tons)
- Hong Kong SAR (1.1 tons)
- United States (0.8 tons)
Silver Exports in Vietnam
In 2022, overseas shipments of silver including silver plated with gold or platinum decreased by -10.1% to 1.9 tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +5.3% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when exports increased by 21% against the previous year.
In value terms, silver exports reduced to $1.5M in 2022. Over the period under review, exports, however, saw significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 49% against the previous year.
| Export of Silver in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 632 | 328 | 603 | 853 | 10.5% |
| China | 9.0 | 289 | 93.5 | 182 | 172.4% |
| Taiwan (Chinese) | 105 | 108 | 117 | 165 | 16.3% |
| South Korea | 29.8 | 47.0 | 103 | 146 | 69.8% |
| Japan | 40.4 | 43.7 | 87.7 | 124 | 45.3% |
| Canada | N/A | 400 | 714 | N/A | 78.5% |
| Others | N/A | 1.7 | 4.9 | N/A | 188.2% |
| Total | 817 | 1,218 | 1,722 | 1,470 | 21.6% |
Top Export Markets for Silver from Vietnam in 2022:
- Germany (1041.0 kg)
- China (247.0 kg)
- Taiwan (Chinese) (215.0 kg)
- South Korea (186.0 kg)
- Japan (168.0 kg)
This report provides an in-depth analysis of the 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 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:
- 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.
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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
756
This report provides an in-depth analysis of the silver market in Vietnam.
373
This report provides an in-depth analysis of the semi-manufactured silver market in Vietnam.
350
This report provides an in-depth analysis of the unwrought silver market in Vietnam.
1329
This report provides an in-depth analysis of the global silver market.
516
This report provides an in-depth analysis of the global semi-manufactured silver market.
1368
This report provides an in-depth analysis of the global unwrought silver market.
756
This report provides an in-depth analysis of the silver market in Vietnam.
373
This report provides an in-depth analysis of the semi-manufactured silver market in Vietnam.
350
This report provides an in-depth analysis of the unwrought silver market in Vietnam.
1329
This report provides an in-depth analysis of the global silver market.
357
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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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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.
5467
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...
1019
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...
175
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.
