Asia: Semi-Manufactured Silver Market 2024

Semi-Manufactured Silver Market Size in Asia

The Asian semi-manufactured silver market rose slightly to $X.1B in 2022, growing by X% against the previous year. In general, consumption continues to indicate a mild decrease. Over the period under review, the market reached the peak level at $X.8B in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Semi-Manufactured Silver Production in Asia

In value terms, semi-manufactured silver production expanded modestly to $X.6B in 2022 estimated in export price. Overall, production continues to indicate a mild descent. The pace of growth appeared the most rapid in 2020 when the production volume increased by X%. The level of production peaked at $X.6B in 2014; however, from 2015 to 2022, production remained at a lower figure.

Semi-Manufactured Silver Exports

Exports in Asia

In 2022, shipments abroad of silver in semi-manufactured forms decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, exports saw a deep slump. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, semi-manufactured silver exports dropped dramatically to $X in 2022. In general, exports continue to indicate a abrupt descent. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Japan was the major exporting country with an export of around X tons, which resulted at X% of total exports. South Korea (X tons) took the second position in the ranking, distantly followed by Taiwan (Chinese) (X tons) and Turkey (X tons). All these countries together held near X% share of total exports. Hong Kong SAR (X tons), Thailand (X tons), Singapore (X tons) and Kazakhstan (X tons) took a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to semi-manufactured silver exports from Japan stood at X%. At the same time, Thailand (X%), Turkey (X%), Kazakhstan (X%) and South Korea (X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. By contrast, Singapore (X%), Hong Kong SAR (X%) and Taiwan (Chinese) (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of South Korea, Japan, Turkey, Thailand and Kazakhstan increased by X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X), Taiwan (Chinese) ($X) and Thailand ($X) were the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

Thailand, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Asia amounted to $X per ton, which is down by X% against the previous year. In general, the export price saw a mild descent. The pace of growth was the most pronounced in 2017 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Kazakhstan ($X,514 per ton), while South Korea ($X per ton) was amongst the lowest.

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

Semi-Manufactured Silver Imports

Imports in Asia

Semi-manufactured silver imports skyrocketed to X tons in 2022, jumping by X% on the year before. Overall, imports enjoyed a buoyant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, semi-manufactured silver imports surged to $X in 2022. In general, imports posted a buoyant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

India prevails in imports structure, resulting at X tons, which was near X% of total imports in 2022. It was distantly followed by Thailand (X tons), creating an X% share of total imports. China (X tons), Hong Kong SAR (X tons) and Japan (X tons) followed a long way behind the leaders.

India was also the fastest-growing in terms of the silver in semi-manufactured forms imports, with a CAGR of X% from 2012 to 2022. At the same time, Thailand (X%) displayed positive paces of growth. By contrast, Japan (X%), China (X%) and Hong Kong SAR (X%) illustrated a downward trend over the same period. While the share of India (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Thailand (X p.p.), Japan (X p.p.), China (X p.p.) and Hong Kong SAR (X p.p.) displayed negative dynamics.

In value terms, India ($X) constitutes the largest market for imported silver in semi-manufactured forms in Asia, comprising X% of total imports. The second position in the ranking was held by Thailand ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual growth rate of value in India stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Thailand (X% per year) and China (X% per year).

Import Prices by Country

The import price in Asia stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the import price showed prominent growth. The growth pace was the most rapid in 2020 an increase of X% against the previous year. Over the period under review, import prices attained the peak figure in 2022 and is likely to see steady growth in the near future.

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

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

Source: IndexBox Platform

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