United Kingdom - Silver, Unwrought Or In Powder Form - Market Analysis, Forecast, Size, Trends And Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingUnwrought Silver Price in the UK - 2023
Contents:
- Unwrought Silver Price in the UK (CIF) - 2023
- Unwrought Silver Price in the UK (FOB) - 2023
- Unwrought Silver Imports in the UK
- Unwrought Silver Exports in the UK
Unwrought Silver Price in the UK (CIF) - 2023
In June 2023, the average unwrought silver import price amounted to $766K per ton, with an increase of 1.5% against the previous month. Overall, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in December 2022 an increase of 15% against the previous month. The import price peaked in June 2023.
Prices varied noticeably by the country of origin: the country with the highest price was China ($825K per ton), while the price for France ($54,305 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Uzbekistan (+27.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Unwrought Silver Price in the UK (FOB) - 2023
The average unwrought silver export price stood at $776K per ton in June 2023, declining by -1.9% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.0%. The most prominent rate of growth was recorded in April 2023 an increase of 14% month-to-month. As a result, the export price attained the peak level of $808K per ton. From May 2023 to June 2023, the the average export prices remained at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Germany ($8.4M per ton), while the average price for exports to Canada ($771K per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+22.6%), while the prices for the other major destinations experienced more modest paces of growth.
Unwrought Silver Imports in the UK
In 2022, after three years of growth, there was significant decline in supplies from abroad of silver, unwrought or in powder form, when their volume decreased by -59.7% to 2.6K tons. In general, imports saw a abrupt decrease. The pace of growth appeared the most rapid in 2021 when imports increased by 71% against the previous year. As a result, imports reached the peak of 6.4K tons, and then reduced markedly in the following year.
In value terms, unwrought silver imports contracted notably to $1.8B in 2022. Over the period under review, imports, however, saw a measured expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 109% against the previous year. As a result, imports attained the peak of $5.2B, and then shrank notably in the following year.
| Import of Unwrought Silver in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kazakhstan | 280 | 616 | 527 | 476 | 19.3% |
| Poland | 563 | 486 | 292 | 389 | -11.6% |
| Sweden | 127 | 248 | 211 | 190 | 14.4% |
| China | 0.3 | 273 | 195 | 175 | 735.5% |
| Russia | 96.3 | 239 | 192 | 173 | 21.6% |
| Germany | 384 | 111 | 22.7 | 151 | -26.7% |
| United States | 20.5 | 42.7 | 28.0 | 23.5 | 4.7% |
| Hong Kong SAR | N/A | 229 | 2,932 | N/A | 1180.3% |
| Others | 160 | 233 | 769 | 202 | 8.1% |
| Total | 1,630 | 2,478 | 5,168 | 1,779 | 3.0% |
Top Suppliers of Unwrought Silver to the UK in 2022:
- Poland (629.6 tons)
- Kazakhstan (622.0 tons)
- Sweden (259.8 tons)
- Germany (256.2 tons)
- Russia (223.1 tons)
- China (209.6 tons)
- United States (119.7 tons)
Unwrought Silver Exports in the UK
In 2022, approx. 11K tons of silver, unwrought or in powder form were exported from the UK; jumping by 195% against the year before. Over the period under review, exports posted a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, unwrought silver exports soared to $7.6B in 2022. Overall, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 216%. The exports peaked in 2022 and are likely to continue growth in the near future.
| Export of Unwrought Silver in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 105 | 1,759 | 1,576 | 3,549 | 223.3% |
| India | 787 | 121 | 761 | 1,704 | 29.4% |
| Germany | 28.5 | 150 | 330 | 736 | 195.6% |
| United States | 0.3 | 844 | 118 | 712 | 1233.9% |
| Switzerland | 17.5 | 291 | 191 | 430 | 190.7% |
| Spain | N/A | 17.5 | 74.9 | 169 | 210.8% |
| Belgium | 92.6 | 82.6 | 49.3 | 152 | 18.0% |
| China | 16.2 | 65.6 | 50.6 | 114 | 91.6% |
| Others | 16.9 | 29.4 | 43.4 | 58.3 | 51.1% |
| Total | 1,064 | 3,361 | 3,195 | 7,624 | 92.8% |
Top Export Markets for Unwrought Silver from the UK in 2022:
- Canada (4.8K tons)
- India (2.8K tons)
- United States (1.2K tons)
- Germany (1.0K tons)
- Switzerland (0.7K tons)
- Belgium (0.3K tons)
- China (0.2K tons)
- Spain (0.2K tons)
This report provides an in-depth analysis of the unwrought silver market in the UK. 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:
- United Kingdom
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the UK
- 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
- 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
-
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
-
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
-
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
-
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
-
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
-
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
436
This report provides an in-depth analysis of the unwrought silver market in the UK.
596
This report provides an in-depth analysis of the silver market in the UK.
330
This report provides an in-depth analysis of the semi-manufactured silver market in the UK.
1369
This report provides an in-depth analysis of the global unwrought silver market.
1330
This report provides an in-depth analysis of the global silver market.
517
This report provides an in-depth analysis of the global semi-manufactured silver market.
436
This report provides an in-depth analysis of the unwrought silver market in the UK.
596
This report provides an in-depth analysis of the silver market in the UK.
330
This report provides an in-depth analysis of the semi-manufactured silver market in the UK.
1369
This report provides an in-depth analysis of the global unwrought silver market.
237
In May 2023, the price of unwrought silver in the United Kingdom, CIF, increased by 11% to $754K per ton compared to the previous month.
19
Silver exports peaked at 12K tons before experiencing a significant decline the following year. The value of silver exports also dropped dramatically to $2.8B in 2023.
329
In July 2022, the silver price amounted to $621 per kg (CIF, United Kingdom), declining by -11.2% against the previous month.
403
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.
761
The global unwrought silver market revenue amounted to $20.1B in 2018, waning by -5.7% against the previous year....
358
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.
5470
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...
1020
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...
178
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.
237
In May 2023, the price of unwrought silver in the United Kingdom, CIF, increased by 11% to $754K per ton compared to the previous month.
