Singapore - Silver, Unwrought Or In Powder Form - Market Analysis, Forecast, Size, Trends And Insights
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View PricingUnwrought Silver Price in Singapore - 2022
Contents:
- Unwrought Silver Price in Singapore (CIF) - 2022
- Unwrought Silver Price in Singapore (FOB) - 2022
- Unwrought Silver Imports in Singapore
- Unwrought Silver Exports in Singapore
Unwrought Silver Price in Singapore (CIF) - 2022
In 2022, the average unwrought silver import price amounted to $210,493 per ton, declining by -22.2% against the previous year. Over the period under review, the import price recorded a deep slump. The most prominent rate of growth was recorded in 2016 when the average import price increased by 22%. Over the period under review, average import prices hit record highs at $490,886 per ton in 2017; however, from 2018 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 Switzerland ($1,769,172 per ton), while the price for China ($36,963 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+6.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Unwrought Silver Price in Singapore (FOB) - 2022
In 2022, the average unwrought silver export price amounted to $652,370 per ton, reducing by -16.3% against the previous year. Overall, the export price continues to indicate a pronounced descent. The pace of growth was the most pronounced in 2013 when the average export price increased by 126%. As a result, the export price reached the peak level of $2,059 per kg. From 2014 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malaysia ($964,681 per ton), while the average price for exports to China ($190,672 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+2.8%), while the prices for the other major destinations experienced mixed trend patterns.
Unwrought Silver Imports in Singapore
In 2022, approx. 1.1K tons of silver, unwrought or in powder form were imported into Singapore; growing by 36% against 2021 figures. Over the period under review, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +18.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +68.5% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, unwrought silver imports stood at $224M in 2022. In general, imports continue to indicate a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Unwrought Silver in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 59.9 | 68.5 | 45.9 | 63.4 | 1.9% |
| Indonesia | 59.3 | 61.7 | 48.1 | 44.8 | -8.9% |
| United States | 52.5 | 24.6 | 22.5 | 36.1 | -11.7% |
| Switzerland | 10.9 | 8.6 | 33.6 | 25.6 | 32.9% |
| Canada | 23.2 | 34.5 | 9.4 | 24.1 | 1.3% |
| Hong Kong SAR | 8.0 | 4.5 | 20.1 | 16.0 | 26.0% |
| China | 0.6 | 0.7 | 9.4 | 10.4 | 158.8% |
| Others | 6.3 | 5.1 | 22.2 | 3.5 | -17.8% |
| Total | 221 | 208 | 211 | 224 | 0.5% |
Top Suppliers of Unwrought Silver to Singapore in 2022:
- United States (290.2 tons)
- China (281.6 tons)
- Japan (110.4 tons)
- Indonesia (63.0 tons)
- Canada (51.4 tons)
- Hong Kong SAR (17.1 tons)
- Switzerland (14.5 tons)
Unwrought Silver Exports in Singapore
In 2022, unwrought silver exports from Singapore expanded remarkably to 133 tons, with an increase of 5.7% against the previous year's figure. In general, exports, however, continue to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 when exports increased by 7.9%.
In value terms, unwrought silver exports declined to $87M in 2022. Overall, exports, however, continue to indicate a deep contraction. The growth pace was the most rapid in 2021 when exports increased by 38%.
| Export of Unwrought Silver in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 74.2 | 31.2 | 51.2 | 61.3 | -6.2% |
| Switzerland | 2.9 | 1.4 | 10.8 | 13.4 | 66.6% |
| Malaysia | 2.5 | 3.2 | 5.8 | 6.5 | 37.5% |
| China | 26.0 | 14.5 | 3.0 | 2.7 | -53.0% |
| United States | 6.6 | 3.4 | 0.2 | 1.3 | -41.8% |
| Australia | N/A | 14.3 | 17.6 | N/A | 23.1% |
| Others | 2.8 | 3.5 | 9.6 | 1.8 | -13.7% |
| Total | 115 | 71.5 | 98.3 | 87.0 | -8.9% |
Top Export Markets for Unwrought Silver from Singapore in 2022:
- India (90.7 tons)
- China (14.3 tons)
- Switzerland (14.3 tons)
- Malaysia (6.7 tons)
- United States (3.7 tons)
This report provides an in-depth analysis of the unwrought silver market in Singapore. 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:
- Singapore
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Singapore
- 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 Singapore.
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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...
