Price of Silver in Brazil Decreases by 3%, Averaging $750 per kg
In June 2023, the Silver price was $750K per ton (CIF, Brazil), decreasing by -3.2% compared to the previous month.
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View PricingBrazil's market for silver, including silver plated with gold or platinum, is characterized by significant import reliance and a distinct trade pattern. Through the historic period 2020-2024, Brazil sourced the vast majority of its imports from a few key suppliers, led by Peru, Mexico, and France. Brazilian exports of silver, while notably smaller in scale, found key markets in the United States, India, and Argentina. Price dynamics for both imports and exports showed a recovery in 2024, though long-term trends from peak levels in 2012 have been negative or flat. The global consumption and production landscape is dominated by China, the United States, and India, providing the broader context for Brazil's trade flows.
Globally, consumption of silver in 2024 was led by China, the United States, and India, which together accounted for 38% of total volume. Japan, Russia, Indonesia, Nigeria, Germany, Italy, and Mexico together comprised a further 18% of global consumption. On the production side, China was also the world's largest producer, accounting for 18% of total output and exceeding the volume of the second-largest producer, Russia, by twofold. Japan held the third position in global production. This global context frames Brazil's position as a trading participant, with its import needs met by major producing and trading nations and its exports directed to both major consuming countries and regional partners.
Brazil's import supply was highly concentrated. In value terms, Peru, Mexico, and France were the largest suppliers, together constituting 90% of total imports. Bolivia, the United States, Germany, and China together comprised a further 8.6% of import value. For exports, the United States, India, and Argentina were the leading destinations, combining for 71% of the total export value. Belgium, Turkey, Germany, Mexico, China, and Colombia together accounted for a further 25% of export value.
Price movements in 2024 were positive. The average silver export price rose by 15% to $350,680 per ton. Despite this increase, the long-term trend for export prices has been abrupt decrease since a peak of $808,999 per ton in 2012. Similarly, the average import price increased by 16% to $836,936 per ton in 2024. The import price has shown a relatively flat trend pattern over the longer period, remaining below a peak of $905,418 per ton reached in 2012.
The market is projected to continue its evolution based on established trade relationships and global price linkages. Brazil's import dependency on key suppliers in Latin America and Europe is expected to persist, while export destinations may see diversification alongside core partners in the Americas and Asia. Price trajectories for both imports and exports will be influenced by global industrial demand, particularly from major consuming nations, and mining output from leading producers. The market is anticipated to experience moderate growth, with trade flows adjusting to shifts in global supply chains and regional demand patterns in the silver industry through the forecast period.
This report provides a comprehensive view of the silver industry in Brazil, tracking demand, supply, and trade flows across the national value chain. It explains how demand across key channels and end-use segments shapes consumption patterns, while also mapping the role of input availability, production efficiency, and regulatory standards on supply.
Beyond headline metrics, the study benchmarks prices, margins, and trade routes so you can see where value is created and how it moves between domestic suppliers and international partners. The analysis is designed to support strategic planning, market entry, portfolio prioritization, and risk management in the silver landscape in Brazil.
The report combines market sizing with trade intelligence and price analytics for Brazil. It covers both historical performance and the forward outlook to 2035, allowing you to compare cycles, structural shifts, and policy impacts.
This report provides a consistent view of market size, trade balance, prices, and per-capita indicators for Brazil. The profile highlights demand structure and trade position, enabling benchmarking against regional and global peers.
The analysis is built on a multi-source framework that combines official statistics, trade records, company disclosures, and expert validation. Data are standardized, reconciled, and cross-checked to ensure consistency across time series.
All data are normalized to a common product definition and mapped to a consistent set of codes. This ensures that comparisons across time are aligned and actionable.
The forecast horizon extends to 2035 and is based on a structured model that links silver demand and supply to macroeconomic indicators, trade patterns, and sector-specific drivers. The model captures both cyclical and structural factors and reflects known policy and technology shifts in Brazil.
Each projection is built from national historical patterns and the broader regional context, allowing the report to show where growth is concentrated and where risks are elevated.
Prices are analyzed in detail, including export and import unit values, regional spreads, and changes in trade costs. The report highlights how seasonality, freight rates, exchange rates, and supply disruptions influence pricing and margins.
Key producers, exporters, and distributors are profiled with a focus on their operational scale, geographic footprint, product mix, and market positioning. This helps identify competitive pressure points, partnership opportunities, and routes to differentiation.
This report is designed for manufacturers, distributors, importers, wholesalers, investors, and advisors who need a clear, data-driven picture of silver dynamics in Brazil.
The market size aggregates consumption and trade data, presented in both value and volume terms.
The projections combine historical trends with macroeconomic indicators, trade dynamics, and sector-specific drivers.
Yes, it includes export and import unit values, regional spreads, and a pricing outlook to 2035.
The report benchmarks market size, trade balance, prices, and per-capita indicators for Brazil.
Yes, it highlights demand hotspots, trade routes, pricing trends, and competitive context.
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The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
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In June 2023, the Silver price was $750K per ton (CIF, Brazil), decreasing by -3.2% compared to the previous month.
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Primary silver producer from mines
Silver as by-product of gold mining
Jacobina, Chapada mines produce silver
Silver from nickel, copper operations
Operates Ernesto/Pau-a-Pique mine
AngloGold Ashanti, Kinross JV
Part of Anglo American group
Aurizona mine produces silver
Jaguar Mining operation
Aurizona mine (historical)
Limited silver production
Silver products and plating
Industrial plating services
Silver products manufacturer
Jewelry manufacturer
Luxury jewelry with plating
Jewelry designer and maker
Retail jewelry chain
Manufacturing for local market
Trader and processor
Jewelry manufacturer
Fashion jewelry producer
Manufacturer and exporter
Precious metals processing
Mineral dealer, some silver
Historical silver producer
Industrial electroplating services
Surface treatment company
Artisanal jewelry producer
Limited silver by-product
Charts mirror the report figures on the platform. Values are synthetic for demo use.
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| Top producing countries | Share, % |
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| Top export price | USD per ton |
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| Top import price | USD per ton |
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| Top importing countries | Share, % |
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| Top import price | USD per ton |
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| Top exporting countries | Share, % |
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| Top export price | USD per ton |
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| Segment | Growth, % |
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| Segment | Growth, % |
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| Product | Rationale |
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Real macro, logistics, and energy indicators are pulled from the IndexBox platform and rendered on demand.
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