Hong Kong SAR, China - Silver, Unwrought Or In Powder Form - Market Analysis, Forecast, Size, Trends And Insights
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View PricingUnwrought Silver Price in Hong Kong SAR - 2023
Contents:
- Unwrought Silver Price in Hong Kong SAR (FOB) - 2023
- Unwrought Silver Price in Hong Kong SAR (CIF) - 2023
- Unwrought Silver Exports in Hong Kong SAR
- Unwrought Silver Imports in Hong Kong SAR
Unwrought Silver Price in Hong Kong SAR (FOB) - 2023
In June 2023, the average unwrought silver export price amounted to $767K per ton, declining by -2.5% against the previous month. In general, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 when the average export price increased by 13% m-o-m. Over the period under review, the average export prices hit record highs at $787K per ton in May 2023, and then fell in the following month.
Average prices varied noticeably for the major foreign markets. In June 2023, the countries with the highest prices were Taiwan (Chinese) ($803K per ton) and Canada ($800K per ton), while the average price for exports to China ($689K per ton) and India ($737K per ton) were amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+9.7%), while the prices for the other major destinations experienced more modest paces of growth.
Unwrought Silver Price in Hong Kong SAR (CIF) - 2023
The average unwrought silver import price stood at $743K per ton in June 2023, standing approximately at the previous month. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 5.6% month-to-month. The import price peaked at $754K per ton in May 2023, and then fell slightly in the following month.
Average prices varied noticeably amongst the major supplying countries. In June 2023, the highest price was recorded for prices from Taiwan (Chinese) ($786K per ton) and Russia ($758K per ton), while the price for China ($726K per ton) and South Korea ($752K per ton) were amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by South Korea (+2.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Unwrought Silver Exports in Hong Kong SAR
In 2022, overseas shipments of silver, unwrought or in powder form decreased by -44.5% to 4.5K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of 89% against the previous year. As a result, the exports attained the peak of 8.1K tons, and then dropped rapidly in the following year.
In value terms, unwrought silver exports declined rapidly to $3.4B in 2022. In general, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 123%. As a result, the exports attained the peak of $6.7B, and then plummeted in the following year.
| Export of Unwrought Silver in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 932 | 540 | 984 | 996 | 2.2% |
| Taiwan (Chinese) | 48.9 | 166 | 483 | 489 | 115.4% |
| Switzerland | 12.0 | 117 | 461 | 466 | 238.6% |
| United States | 0.2 | 175 | 374 | 378 | 1136.4% |
| Thailand | 194 | 210 | 332 | 336 | 20.1% |
| Australia | 16.7 | 408 | 285 | 288 | 158.4% |
| Japan | 119 | 65.2 | 196 | 195 | 17.9% |
| China | 135 | 132 | 117 | 83.6 | -14.8% |
| United Kingdom | N/A | 1,052 | 3,159 | N/A | 200.3% |
| Others | 86.7 | 125 | 287 | 187 | 29.2% |
| Total | 1,543 | 2,991 | 6,678 | 3,418 | 30.4% |
Top Export Markets for Unwrought Silver from Hong Kong SAR in 2022:
- India (1454.5 tons)
- Taiwan (Chinese) (606.1 tons)
- Switzerland (586.8 tons)
- United States (469.7 tons)
- Thailand (431.0 tons)
- Australia (372.2 tons)
- Japan (252.2 tons)
- China (109.0 tons)
Unwrought Silver Imports in Hong Kong SAR
Unwrought silver imports into Hong Kong SAR reduced to 3.1K tons in 2022, dropping by -9.4% compared with 2021. Over the period under review, imports, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2021 with an increase of 91% against the previous year. As a result, imports attained the peak of 3.5K tons, and then shrank in the following year.
In value terms, unwrought silver imports reduced to $2.4B in 2022. In general, imports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 132% against the previous year. As a result, imports reached the peak of $2.8B, and then dropped in the following year.
| Import of Unwrought Silver in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 617 | 732 | 2,022 | 1,724 | 40.8% |
| Taiwan (Chinese) | 1.5 | 70.3 | 500 | 423 | 555.8% |
| South Korea | 184 | 171 | 125 | 134 | -10.0% |
| United Kingdom | 16.3 | 64.0 | 50.3 | 42.9 | 38.1% |
| Indonesia | 26.3 | 32.9 | 13.9 | 20.5 | -8.0% |
| Japan | 87.8 | 31.1 | 22.1 | 5.8 | -59.6% |
| Others | 61.8 | 111 | 74.8 | 48.7 | -7.6% |
| Total | 995 | 1,212 | 2,808 | 2,399 | 34.1% |
Top Suppliers of Unwrought Silver to Hong Kong SAR in 2022:
- China (2212.3 tons)
- Taiwan (Chinese) (525.4 tons)
- South Korea (221.6 tons)
- United Kingdom (59.3 tons)
- Indonesia (35.4 tons)
- Japan (11.0 tons)
This report provides an in-depth analysis of the unwrought silver market in Hong Kong SAR, China. 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)
Country coverage:
- Hong Kong SAR
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Hong Kong SAR, China
- 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 unwrought silver market in Hong Kong SAR, China.
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This report provides an in-depth analysis of the silver market in Hong Kong SAR, China.
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This report provides an in-depth analysis of the semi-manufactured silver market in Hong Kong SAR, China.
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This report provides an in-depth analysis of the global unwrought silver market.
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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 unwrought silver market in Hong Kong SAR, China.
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This report provides an in-depth analysis of the silver market in Hong Kong SAR, China.
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This report provides an in-depth analysis of the semi-manufactured silver market in Hong Kong SAR, China.
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This report provides an in-depth analysis of the global unwrought silver market.
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In January 2023, the price of unwrought silver stood at $761 per kg (FOB, Hong Kong SAR, China), showing a 4.3% increase compared to the previous month.
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In January 2023, the silver price amounted to $754K per ton (FOB, Hong Kong), picking up by 5.4% against the previous month.
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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.
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The global unwrought silver market revenue amounted to $20.1B in 2018, waning by -5.7% against the previous year....
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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...
181
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.
287
In January 2023, the price of unwrought silver stood at $761 per kg (FOB, Hong Kong SAR, China), showing a 4.3% increase compared to the previous month.
349
In January 2023, the silver price amounted to $754K per ton (FOB, Hong Kong), picking up by 5.4% against the previous month.
