Australia: Silver Nitrate Market 2024

Silver Nitrate Market Size in Australia

The Australian silver nitrate market surged to $X in 2022, jumping by X% against the previous year. In general, consumption, however, continues to indicate a abrupt contraction. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Silver Nitrate Production in Australia

In value terms, silver nitrate production expanded sharply to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Silver Nitrate Exports

Exports from Australia

In 2022, approx. X tons of silver nitrate were exported from Australia; reducing by X% against the previous year. In general, exports continue to indicate a noticeable curtailment. The pace of growth appeared the most rapid in 2016 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, silver nitrate exports dropped to $X in 2022. Overall, exports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Cote d'Ivoire (X kg), New Zealand (X kg) and Ghana (X kg) were the main destinations of silver nitrate exports from Australia, with a combined X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Cote d'Ivoire (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Canada ($X), Ghana ($X) and Papua New Guinea ($X) constituted the largest markets for silver nitrate exported from Australia worldwide, together comprising X% of total exports. Guinea, Senegal, New Zealand and Cote d'Ivoire lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Cote d'Ivoire, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average silver nitrate export price amounted to $X per ton, with an increase of X% against the previous year. Overall, the export price, however, saw a perceptible contraction. The most prominent rate of growth was recorded in 2020 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Guinea ($X per ton), while the average price for exports to Cote d'Ivoire ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Guinea (X%), while the prices for the other major destinations experienced more modest paces of growth.

Silver Nitrate Imports

Imports into Australia

In 2022, overseas purchases of silver nitrate increased by X% to X tons, rising for the second consecutive year after four years of decline. Over the period under review, imports, however, showed a abrupt slump. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, silver nitrate imports fell to $X in 2022. In general, imports, however, recorded a pronounced decline. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of silver nitrate to Australia, accounting for a X% share of total imports. Moreover, silver nitrate imports from Germany exceeded the figures recorded by the second-largest supplier, China (X kg), twofold. The third position in this ranking was taken by the UK (X kg), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Germany amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and the UK (X% per year).

In value terms, China ($X), the UK ($X) and the United States ($X) appeared to be the largest silver nitrate suppliers to Australia, together comprising X% of total imports.

In terms of the main suppliers, China, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average silver nitrate import price stood at $X per ton in 2022, waning by X% against the previous year. Over the period under review, the import price, however, recorded strong growth. The pace of growth appeared the most rapid in 2017 when the average import price increased by X%. The import price peaked at $X per ton in 2021, and then dropped sharply in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :