Report Asia - Silver Ores and Concentrates - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Apr 1, 2024

Asia - Silver Ores and Concentrates - Market Analysis, Forecast, Size, Trends and Insights

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Asia: Silver Ore Market 2024

Silver Ore Market Size in Asia

In 2021, the Asian silver ore market increased by 91% to $X, rising for the fourth consecutive year after three years of decline. Over the period under review, consumption posted significant growth. The level of consumption peaked in 2021 and is expected to retain growth in the immediate term.

Silver Ore Production in Asia

In value terms, silver ore production soared to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a resilient expansion. The growth pace was the most rapid in 2019 when the production volume increased by 162%. The level of production peaked in 2021 and is expected to retain growth in the near future.

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Silver Ore Exports

Exports in Asia

In 2021, approx. X tons of silver ores and concentrates were exported in Asia; which is down by -55.3% on 2020 figures. Over the period under review, exports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2013 with an increase of 302%. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, silver ore exports dropped dramatically to $X in 2021. Overall, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 113%. Over the period under review, the exports attained the peak figure at $X in 2020, and then fell rapidly in the following year.

Exports by Country

In 2021, Hong Kong SAR (X tons) represented the main exporter of silver ores and concentrates, mixing up 49% of total exports. Tajikistan (X tons) took the second position in the ranking, followed by the United Arab Emirates (X tons), Turkey (X tons) and Vietnam (X tons). All these countries together held near 33% share of total exports. The following exporters - India (X tons) and China (X tons) - each finished at a 7.7% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to silver ore exports from Hong Kong SAR stood at +15.8%. At the same time, the United Arab Emirates (+126.1%), Tajikistan (+72.5%), Turkey (+51.7%) and India (+4.7%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in Asia, with a CAGR of +126.1% from 2012-2021. China experienced a relatively flat trend pattern. By contrast, Vietnam (-15.7%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Hong Kong SAR, Tajikistan, the United Arab Emirates, Turkey, India and China increased by +46, +10, +9.7, +7.6, +3.4 and +2.7 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Tajikistan ($X), Hong Kong SAR ($X) and China ($X) appeared to be the countries with the highest levels of exports in 2021, together accounting for 25% of total exports. The United Arab Emirates, India, Turkey and Vietnam lagged somewhat behind, together comprising a further 4.1%.

The United Arab Emirates, with a CAGR of +60.5%, recorded the highest rates of growth with regard to the value of exports, in terms of 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 2021, the export price in Asia amounted to $X per ton, increasing by 48% against the previous year. Overall, the export price showed a resilient increase. The pace of growth appeared the most rapid in 2019 an increase of 508% against the previous year. Over the period under review, the export prices hit record highs in 2021 and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Tajikistan ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+4.4%), while the other leaders experienced mixed trends in the export price figures.

Silver Ore Imports

Imports in Asia

For the third year in a row, Asia recorded growth in overseas purchases of silver ores and concentrates, which increased by 30% to X tons in 2021. Over the period under review, imports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2015 with an increase of 30%. The volume of import peaked in 2021 and is likely to continue growth in years to come.

In value terms, silver ore imports soared to $X in 2021. Overall, imports posted a strong expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The countries with the highest levels of silver ore imports in 2021 were China (X tons), together amounting to 98% of total import.

China was also the fastest-growing in terms of the silver ores and concentrates imports, with a CAGR of +17.6% from 2012 to 2021. While the share of China (+7.5 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported silver ores and concentrates in Asia.

From 2012 to 2021, the average annual growth rate of value in China totaled +20.1%.

Import Prices by Country

In 2021, the import price in Asia amounted to $X per ton, with an increase of 26% against the previous year. Overall, the import price, however, recorded a pronounced descent. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2021, the rate of growth in terms of prices for China amounted to +2.2% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

China constituted the country with the largest volume of silver ore consumption, comprising approx. 97% of total volume.
The countries with the highest volumes of production in 2021 were Vietnam, South Korea and Hong Kong SAR, with a combined 74% share of total production. Turkey, Indonesia, Tajikistan and the United Arab Emirates lagged somewhat behind, together comprising a further 15%.
In value terms, the largest silver ore supplying countries in Asia were Tajikistan, Hong Kong SAR and China, with a combined 25% share of total exports. The United Arab Emirates, India, Turkey and Vietnam lagged somewhat behind, together accounting for a further 4.1%.
In value terms, China constitutes the largest market for imported silver ores and concentrates in Asia.
In 2021, the export price in Asia amounted to $29,531 per ton, surging by 48% against the previous year.
The import price in Asia stood at $2,920 per ton in 2021, rising by 26% against the previous year.

This report provides an in-depth analysis of the silver ore market in Asia. 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 07291410 -

Country coverage:

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Production in Asia, split by region and country
  • Trade (exports and imports) in Asia
  • 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. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY
  8. 8. IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • Afghanistan
    • Armenia
    • Azerbaijan
    • Bahrain
    • Bangladesh
    • Bhutan
    • Brunei Darussalam
    • Cambodia
    • China
    • Hong Kong SAR
    • Macao SAR
    • Cyprus
    • Georgia
    • India
    • Indonesia
    • Iran
    • Iraq
    • Israel
    • Japan
    • Jordan
    • Kazakhstan
    • Kuwait
    • Kyrgyzstan
    • Lebanon
    • Malaysia
    • Maldives
    • Mongolia
    • Myanmar
    • Nepal
    • Oman
    • Pakistan
    • Palestine
    • Philippines
    • Qatar
    • Saudi Arabia
    • Singapore
    • South Korea
    • Sri Lanka
    • Syrian Arab Republic
    • Taiwan (Chinese)
    • Tajikistan
    • Thailand
    • Timor-Leste
    • Turkey
    • Turkmenistan
    • United Arab Emirates
    • Uzbekistan
    • Vietnam
    • Yemen
    • Lao People's Democratic Republic
    • Democratic People's Republic of Korea
  12. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023
  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023

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