Report United Kingdom - Silver Including Silver Plated With Gold or Platinum - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: Oct 16, 2022

United Kingdom - Silver Including Silver Plated With Gold or Platinum - Market Analysis, Forecast, Size, Trends and Insights

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United Kingdom: Silver Market 2022

Silver Market Size in the UK

The UK silver market skyrocketed to $X in 2021, rising by X% against the previous year. In general, consumption, however, continues to indicate a deep contraction. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Silver Production in the UK

In value terms, silver production totaled $X in 2021 estimated in export price. Overall, production continues to indicate a dramatic decline. The pace of growth was the most pronounced in 2017 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Silver Exports

Exports from the UK

In 2021, exports of silver including silver plated with gold or platinum from the UK dropped sharply to X tons, waning by -X% compared with 2020 figures. Overall, exports, however, showed a strong expansion. The growth pace was the most rapid in 2013 when exports increased by X%. Over the period under review, the exports reached the peak figure at X tons in 2020, and then declined remarkably in the following year.

In value terms, silver exports reduced modestly to $X in 2021. In general, exports, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, the exports reached the peak of $X, and then dropped modestly in the following year.

Exports by Country

Canada (X tons), India (X tons) and Germany (X tons) were the main destinations of silver exports from the UK, with a combined X% share of total exports. These countries were followed by Switzerland, the United States, Spain and Belgium, which together accounted for a further X 2012 to 2021, the biggest increases were in Spain (with a CAGR of +X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Canada ($X) remains the key foreign market for silver exports from the UK, comprising X% of total exports. The second position in the ranking was held by India ($X), with a X% share of total exports. It was followed by Germany, with a X% share.

From 2012 to 2021, the average annual growth rate of value to Canada amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (-X% per year) and Germany (+X% per year).

Export Prices by Country

In 2021, the average silver export price amounted to $X per ton, rising by X% against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by X%. The export price peaked in 2021 and is expected to retain growth in years to come.

Average prices varied noticeably for the major external markets. In 2021, the countries with the highest prices were Canada ($X per ton) and the United States ($X per ton), while the average price for exports to India ($X per ton) and Belgium ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Silver Imports

Imports into the UK

In 2021, overseas purchases of silver including silver plated with gold or platinum increased by X% to X tons, rising for the second year in a row after two years of decline. In general, imports, however, saw a perceptible contraction. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, silver imports surged to $X in 2021. Overall, imports, however, continue to indicate a noticeable curtailment. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Hong Kong SAR (X tons) constituted the largest silver supplier to the UK, with a X% share of total imports. Moreover, silver imports from Hong Kong SAR exceeded the figures recorded by the second-largest supplier, Kazakhstan (X tons), sixfold. The third position in this ranking was held by India (X tons), with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Hong Kong SAR stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Kazakhstan (+X% per year) and India (+X% per year).

In value terms, Hong Kong SAR ($X) constituted the largest supplier of silver to the UK, comprising X% of total imports. The second position in the ranking was held by Kazakhstan ($X), with an X% share of total imports. It was followed by India, with a X% share.

From 2012 to 2021, the average annual growth rate of value from Hong Kong SAR stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Kazakhstan (+X% per year) and India (+X% per year).

Import Prices by Country

The average silver import price stood at $X per ton in 2021, surging by X% against the previous year. Over the period under review, the import price, however, continues to indicate a mild curtailment. The pace of growth was the most pronounced in 2020 an increase of X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was India ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uzbekistan (+X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

Base Year Historical Period Forecast Period Units
2022 2012-2022 2023-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for silver including silver plated with gold or platinum in the world?
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The countries with the highest volumes of consumption in 2021 were China, the United States and the UK, with a combined 27% share of global consumption. Canada, Germany, India, Pakistan, Russia, Indonesia, Bangladesh, Japan, Nigeria and Ethiopia lagged somewhat behind, together comprising a further 31%.
What are the largest producers of silver including silver plated with gold or platinum in the world?
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The country with the largest volume of silver production was China, comprising approx. 18% of total volume. Moreover, silver production in China exceeded the figures recorded by the second-largest producer, Japan, threefold. Hong Kong SAR ranked third in terms of total production with a 5.1% share.
What are the leading suppliers of silver including silver plated with gold or platinum to the UK?
+
In value terms, Hong Kong SAR constituted the largest supplier of silver to the UK, comprising 53% of total imports. The second position in the ranking was held by Kazakhstan, with an 8.6% share of total imports. It was followed by India, with a 7.2% share.
What are the leading importers of silver including silver plated with gold or platinum from the UK?
+
In value terms, Canada remains the key foreign market for silver exports from the UK, comprising 44% of total exports. The second position in the ranking was taken by India, with a 21% share of total exports. It was followed by Germany, with a 12% share.
What is the average export price for silver including silver plated with gold or platinum in the UK?
+
The average silver export price stood at $818,661 per ton in 2021, jumping by 23% against the previous year.
What is the average import price for silver including silver plated with gold or platinum in the UK?
+
In 2021, the average silver import price amounted to $800,241 per ton, with an increase of 22% against the previous year.

This report provides an in-depth analysis of the 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)
• Prodcom 24411050 - Silver, in semi-manufactured forms (including plated with gold or platinum) (excluding unwrought or in powder form)
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:
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. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
REPORT DESCRIPTION
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2012–2022
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption In 2007-2022
Table 5:
Imports, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Value Terms, By Country, 2012–2022
Table 7:
Import Prices, By Country Of Origin, 2012–2022
Table 8:
Exports, In Physical Terms, By Country, 2012–2022
Table 9:
Exports, In Value Terms, By Country, 2012–2022
Table 10:
Export Prices, By Country Of Destination, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2022
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2022
Figure 5:
Trade Balance, In Physical Terms, 2007-2022
Figure 6:
Trade Balance, In Value Terms, 2007-2022
Figure 7:
Per Capita Consumption, 2007-2022
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2012–2022
Figure 21:
Production, In Value Terms, 2012–2022
Figure 22:
Imports, In Physical Terms, 2012–2022
Figure 23:
Imports, In Value Terms, 2012–2022
Figure 24:
Imports, In Physical Terms, By Country, 2022
Figure 25:
Imports, In Physical Terms, By Country, 2012–2022
Figure 26:
Imports, In Value Terms, By Country, 2012–2022
Figure 27:
Import Prices, By Country Of Origin, 2012–2022
Figure 28:
Exports, In Physical Terms, 2012–2022
Figure 29:
Exports, In Value Terms, 2012–2022
Figure 30:
Exports, In Physical Terms, By Country, 2022
Figure 31:
Exports, In Physical Terms, By Country, 2012–2022
Figure 32:
Exports, In Value Terms, By Country, 2012–2022
Figure 33:
Export Prices, By Country Of Destination, 2012–2022
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