CIS: Semi-Manufactured Silver Market 2024

Semi-Manufactured Silver Market Size in CIS

The CIS semi-manufactured silver market fell slightly to $X in 2022, stabilizing at the previous year. In general, consumption showed a perceptible setback. The level of consumption peaked at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Semi-Manufactured Silver Production in CIS

In value terms, semi-manufactured silver production reduced to $X in 2022 estimated in export price. In general, production recorded a pronounced downturn. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. The level of production peaked at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

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Semi-Manufactured Silver Exports

Exports in CIS

In 2022, approx. X tons of silver in semi-manufactured forms were exported in the CIS; increasing by X% on the previous year. Over the period under review, exports continue to indicate a significant increase. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. The volume of export peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, semi-manufactured silver exports skyrocketed to $X in 2022. Overall, exports posted significant growth. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in years to come.

Exports by Country

Russia was the largest exporter of silver in semi-manufactured forms in the CIS, with the volume of exports reaching X tons, which was approx. X% of total exports in 2022. It was distantly followed by Kazakhstan (X tons), committing a X% share of total exports.

Russia was also the fastest-growing in terms of the silver in semi-manufactured forms exports, with a CAGR of X% from 2012 to 2022. At the same time, Kazakhstan (X%) displayed positive paces of growth. Russia (X p.p.) significantly strengthened its position in terms of the total exports, while Kazakhstan saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Russia ($X) remains the largest semi-manufactured silver supplier in the CIS, comprising X% of total exports. The second position in the ranking was taken by Kazakhstan ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Russia stood at X%.

Export Prices by Country

In 2022, the export price in the CIS amounted to $X per ton, shrinking by X% against the previous year. Overall, the export price showed a mild shrinkage. The growth pace was the most rapid in 2021 when the export price increased by X%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Kazakhstan ($X,514 per ton), while Russia totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (X%).

Semi-Manufactured Silver Imports

Imports in CIS

In 2022, approx. X tons of silver in semi-manufactured forms were imported in the CIS; with a decrease of X% on the previous year. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X%. The volume of import peaked at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, semi-manufactured silver imports fell remarkably to $X in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. The level of import peaked at $X in 2021, and then fell remarkably in the following year.

Imports by Country

Russia dominates imports structure, amounting to X tons, which was near X% of total imports in 2022. Armenia (X kg) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to semi-manufactured silver imports into Russia stood at X%. At the same time, Armenia (X%) displayed positive paces of growth. Moreover, Armenia emerged as the fastest-growing importer imported in the CIS, with a CAGR of X% from 2012-2022. While the share of Russia (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported silver in semi-manufactured forms in the CIS, comprising X% of total imports. The second position in the ranking was taken by Armenia ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Russia was relatively modest.

Import Prices by Country

In 2022, the import price in the CIS amounted to $X per ton, rising by X% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Armenia ($X per ton), while Russia amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (X%).

Source: IndexBox Platform

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