Russian Federation - Silver, Unwrought Or In Powder Form - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Apr 23, 2024

Russian Federation - Silver, Unwrought Or In Powder Form - Market Analysis, Forecast, Size, Trends And Insights

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Unwrought Silver Price in Russia - 2022

Contents:

  1. Unwrought Silver Price in Russia (FOB) - 2022
  2. Unwrought Silver Price in Russia (CIF) - 2022
  3. Unwrought Silver Exports in Russia
  4. Unwrought Silver Imports in Russia

Unwrought Silver Price in Russia (FOB) - 2022

The average unwrought silver export price stood at $719K per ton in January 2022, remaining stable against the previous month. Over the period under review, the export price, however, saw a slight curtailment. The most prominent rate of growth was recorded in November 2021 when the average export price increased by 25% month-to-month. Over the period under review, the average export prices attained the peak figure at $875K per ton in May 2021; however, from June 2021 to January 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In January 2022, the country with the highest price was Turkey ($730K per ton), while the average price for exports to India ($706K per ton) was amongst the lowest.

From January 2021 to January 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+0.2%), while the prices for the other major destinations experienced a decline.

Unwrought Silver Price in Russia (CIF) - 2022

The average unwrought silver import price stood at $285,093 per ton in 2022, reducing by -4.9% against the previous year. Overall, the import price, however, showed a prominent expansion. The pace of growth was the most pronounced in 2021 when the average import price increased by 69% against the previous year. As a result, import price attained the peak level of $299,861 per ton, and then shrank in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($533,254 per ton), while the price for Lithuania ($199,340 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+36.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Unwrought Silver Exports in Russia

In 2022, after three years of growth, there was significant decline in overseas shipments of silver, unwrought or in powder form, when their volume decreased by -15% to 798 tons. Overall, total exports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +10.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +35.1% against 2019 indices. The pace of growth was the most pronounced in 2021 when exports increased by 47%. As a result, the exports attained the peak of 939 tons, and then fell notably in the following year.

In value terms, unwrought silver exports dropped rapidly to $581M in 2022. Over the period under review, exports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 77%. As a result, the exports reached the peak of $742M, and then declined dramatically in the following year.

Export of Unwrought Silver in Russia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United Kingdom94.623521521230.9%
India16493.31661915.2%
Switzerland36.353.885.781.130.7%
Canada2.7N/AN/A44.6154.7%
Turkey1.622.519015.0110.9%
Italy0.2N/AN/A10.4273.3%
United Arab Emirates5.08.9N/A9.523.9%
Others9.56.185.117.823.3%
Total31442074258122.8%

Top Export Markets for Unwrought Silver from Russia in 2022:

  1. India (280.6 tons)
  2. United Kingdom (274.3 tons)
  3. Switzerland (108.8 tons)
  4. Canada (54.9 tons)
  5. Turkey (23.1 tons)
  6. United Arab Emirates (18.1 tons)
  7. Italy (14.7 tons)

Unwrought Silver Imports in Russia

In 2022, the amount of silver, unwrought or in powder form imported into Russia fell remarkably to 9.6 tons, shrinking by -33.3% on the previous year's figure. Overall, imports recorded a pronounced contraction. The pace of growth appeared the most rapid in 2021 with an increase of 120% against the previous year. As a result, imports reached the peak of 14 tons, and then contracted markedly in the following year.

In value terms, unwrought silver imports fell notably to $2.7M in 2022. In general, imports, however, recorded significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 272% against the previous year. As a result, imports reached the peak of $4.3M, and then contracted markedly in the following year.

Import of Unwrought Silver in Russia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Italy8359132,1322,02934.4%
Lithuania306N/AN/A259-5.4%
United States1861933592215.9%
Poland28.82.5N/A10955.8%
KyrgyzstanN/AN/A646N/A0%
Others15849.21,169114-10.3%
Total1,5131,1584,3062,73221.8%

Top Suppliers of Unwrought Silver to Russia in 2022:

  1. Italy (7.4 tons)
  2. Lithuania (1.3 tons)
  3. United States (0.4 tons)
  4. Poland (0.3 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the unwrought silver market in the Russian Federation. 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:

  • Russia

Data coverage:

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

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. 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
  12. 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
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