Asia-Pacific: Silver Nitrate Market 2024

Silver Nitrate Market Size in Asia-Pacific

In 2022, after two years of growth, there was significant decline in the Asia-Pacific silver nitrate market, when its value decreased by X% to $X. Overall, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X, and then fell rapidly in the following year.

Silver Nitrate Production in Asia-Pacific

In value terms, silver nitrate production expanded modestly to $X in 2022 estimated in export price. Over the period under review, production saw a abrupt decrease. The growth pace was the most rapid in 2016 when the production volume increased by X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Silver Nitrate Exports

Exports in Asia-Pacific

In 2022, silver nitrate exports in Asia-Pacific declined sharply to X tons, which is down by X% on the previous year. In general, exports saw a deep slump. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, silver nitrate exports contracted significantly to $X in 2022. Overall, exports recorded a deep contraction. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Singapore represented the major exporter of silver nitrate in Asia-Pacific, with the volume of exports reaching X tons, which was near X% of total exports in 2022. It was distantly followed by India (X tons), China (X tons), Australia (X tons) and Japan (X tons), together generating a X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of X%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, China ($X) remains the largest silver nitrate supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was taken by Singapore ($X), with an X% share of total exports. It was followed by India, with a X% share.

In China, silver nitrate exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Singapore (X% per year) and India (X% per year).

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per ton, shrinking by X% against the previous year. Over the period under review, the export price showed a mild downturn. The most prominent rate of growth was recorded in 2020 when the export price increased by X%. The level of export peaked at $X per ton in 2021, and then contracted rapidly in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was China ($X per ton), while Australia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%), while the other leaders experienced mixed trends in the export price figures.

Silver Nitrate Imports

Imports in Asia-Pacific

In 2022, after two years of growth, there was significant decline in purchases abroad of silver nitrate, when their volume decreased by X% to X tons. In general, imports, however, enjoyed a prominent increase. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2021, and then shrank rapidly in the following year.

In value terms, silver nitrate imports declined markedly to $X in 2022. Overall, imports, however, posted buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports attained the peak of $X, and then dropped sharply in the following year.

Imports by Country

India represented the main importer of silver nitrate in Asia-Pacific, with the volume of imports amounting to X tons, which was approx. X% of total imports in 2022. Singapore (X tons) held the second position in the ranking, followed by Taiwan (Chinese) (X tons), Bangladesh (X tons), Malaysia (X tons), Pakistan (X tons), Thailand (X tons) and the Philippines (X tons). All these countries together took near X% share of total imports. China (X tons) followed a long way behind the leaders.

India was also the fastest-growing in terms of the silver nitrate imports, with a CAGR of X% from 2012 to 2022. At the same time, the Philippines (X%), Bangladesh (X%), Singapore (X%), Malaysia (X%), Taiwan (Chinese) (X%) and Pakistan (X%) displayed positive paces of growth. Thailand experienced a relatively flat trend pattern. By contrast, China (X%) illustrated a downward trend over the same period. While the share of India (X p.p.), Singapore (X p.p.), Bangladesh (X p.p.), the Philippines (X p.p.) and Malaysia (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Pakistan (X p.p.), Thailand (X p.p.) and China (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X) constitutes the largest market for imported silver nitrate in Asia-Pacific, comprising X% of total imports. The second position in the ranking was taken by India ($X), with an X% share of total imports. It was followed by Bangladesh, with a X% share.

In Singapore, silver nitrate imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: India (X% per year) and Bangladesh (X% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2022, shrinking by X% against the previous year. Import price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, silver nitrate import price increased by X% against 2017 indices. The pace of growth was the most pronounced in 2021 an increase of X%. As a result, import price reached the peak level of $X per ton, and then declined in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Singapore ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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