China - Silver, Unwrought or in Powder Form - Market Analysis, Forecast, Size, Trends and Insights
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View PricingChina: Unwrought Silver Market 2024
Unwrought Silver Market Size in China
The Chinese unwrought silver market was finally on the rise to reach $X in 2023, after four years of decline. Over the period under review, consumption, however, saw a pronounced curtailment. Unwrought silver consumption peaked at $X in 2018; however, from 2019 to 2023, consumption failed to regain momentum.
Unwrought Silver Production in China
In value terms, unwrought silver production totaled $X in 2023 estimated in export price. In general, production, however, saw a slight contraction. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. Unwrought silver production peaked at $X in 2012; however, from 2013 to 2023, production remained at a lower figure.
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Unwrought Silver Exports
Exports from China
In 2023, the amount of silver, unwrought or in powder form exported from China rose to X tons, increasing by X% compared with the year before. In general, exports posted a prominent expansion. The pace of growth appeared the most rapid in 2015 when exports increased by X% against the previous year. The exports peaked at X tons in 2021; however, from 2022 to 2023, the exports failed to regain momentum.
In value terms, unwrought silver exports stood at $X in 2023. Overall, exports enjoyed a prominent expansion. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2021; however, from 2022 to 2023, the exports remained at a lower figure.
Exports by Country
Hong Kong SAR (X tons) was the main destination for unwrought silver exports from China, accounting for a approx. X% share of total exports.
From 2012 to 2023, the average annual growth rate of volume to Hong Kong SAR stood at X%.
In value terms, Hong Kong SAR ($X) also remains the key foreign market for silver, unwrought or in powder form exports from China.
From 2012 to 2023, the average annual rate of growth in terms of value to Hong Kong SAR stood at X%.
Export Prices by Country
The average unwrought silver export price stood at $X per ton in 2023, with an increase of X% against the previous year. In general, the export price, however, showed a noticeable slump. The most prominent rate of growth was recorded in 2020 an increase of X%. The export price peaked at $X,168 per ton in 2012; however, from 2013 to 2023, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Hong Kong SAR.
From 2012 to 2023, the rate of growth in terms of prices for Hong Kong SAR amounted to X% per year.
Unwrought Silver Imports
Imports into China
In 2023, purchases abroad of silver, unwrought or in powder form was finally on the rise to reach X tons for the first time since 2020, thus ending a two-year declining trend. Over the period under review, imports recorded a prominent expansion. The pace of growth appeared the most rapid in 2017 when imports increased by X%. Imports peaked at X tons in 2020; however, from 2021 to 2023, imports failed to regain momentum.
In value terms, unwrought silver imports rose remarkably to $X in 2023. Overall, imports posted a buoyant expansion. The growth pace was the most rapid in 2015 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2021; however, from 2022 to 2023, imports remained at a lower figure.
Imports by Country
In 2023, Japan (X tons) constituted the largest unwrought silver supplier to China, with a X% share of total imports. Moreover, unwrought silver imports from Japan exceeded the figures recorded by the second-largest supplier, the United States (X tons), more than tenfold. The third position in this ranking was held by South Korea (X tons), with a X% share.
From 2012 to 2023, the average annual growth rate of volume from Japan amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and South Korea (X% per year).
In value terms, Japan ($X) constituted the largest supplier of silver, unwrought or in powder form to China, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with an X% share of total imports. It was followed by South Korea, with a X% share.
From 2012 to 2023, the average annual rate of growth in terms of value from Japan amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and South Korea (X% per year).
Import Prices by Country
In 2023, the average unwrought silver import price amounted to $X per ton, waning by X% against the previous year. In general, the import price, however, enjoyed a pronounced increase. The most prominent rate of growth was recorded in 2016 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2017 to 2023, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Australia ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.
From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Japan (X%), while the prices for the other major suppliers experienced mixed trend patterns.
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This report provides an in-depth analysis of the unwrought silver market in China. 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 24411030 - Silver, unwrought or in powder form (including plated with gold or platinum)
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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The Asian unwrought silver market contracted to $5.8B in 2023, with a decrease of -11.8% against the previous year. Overall, consumption continues to indicate a perceptible downturn. The level of consumption peaked at $10.2B in 2013; however, from 2014 to 2023, consumption remained at a lower figure.
494
In 2023, the U.S. unwrought silver market increased by 21% to $3.9B for the first time since 2020, thus ending a two-year declining trend. In general, consumption, however, continues to indicate a relatively flat trend pattern. Unwrought silver consumption peaked at $4.4B in 2013; however, from 2014 to 2023, consumption stood at a somewhat lower figure.
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After two years of growth, the EU unwrought silver market decreased by -4.2% to $2.9B in 2023. Over the period under review, consumption, however, posted a notable expansion. Over the period under review, the market reached the maximum level at $3B in 2022, and then reduced modestly in the following year.
1353
In 2023, the global unwrought silver market decreased by -3% to $26.7B, falling for the second year in a row after three years of growth. Overall, consumption showed a mild decrease. Global consumption peaked at $32B in 2012; however, from 2013 to 2023, consumption failed to regain momentum.
