Eastern Asia: Silver Nitrate Market 2024

Silver Nitrate Market Size in Eastern Asia

The East Asian silver nitrate market was finally on the rise to reach $X in 2022, after five years of decline. Overall, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Silver Nitrate Production in Eastern Asia

In value terms, silver nitrate production reached $X in 2022 estimated in export price. Over the period under review, production recorded a mild decrease. The growth pace was the most rapid in 2017 with an increase of X%. The level of production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Silver Nitrate Exports

Exports in Eastern Asia

In 2022, after two years of growth, there was significant decline in overseas shipments of silver nitrate, when their volume decreased by X% to X tons. Overall, exports saw a pronounced decline. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons, and then dropped dramatically in the following year.

In value terms, silver nitrate exports contracted dramatically to $X in 2022. In general, exports continue to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports reached the peak of $X, and then contracted significantly in the following year.

Exports by Country

China represented the largest exporter of silver nitrate in Eastern Asia, with the volume of exports resulting at X tons, which was near X% of total exports in 2022. Japan (X kg) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Taiwan (Chinese) (X%) and South Korea (X%).

China was also the fastest-growing in terms of the silver nitrate exports, with a CAGR of X% from 2012 to 2022. Japan (X%), Taiwan (Chinese) (X%) and South Korea (X%) illustrated a downward trend over the same period. While the share of China (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Taiwan (Chinese) (X p.p.), South Korea (X p.p.) and Japan (X p.p.) displayed negative dynamics.

In value terms, China ($X) remains the largest silver nitrate supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Japan ($X), with a X% share of total exports. It was followed by South Korea, with a X% share.

In China, silver nitrate exports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Japan (X% per year) and South Korea (X% per year).

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, dropping by X% against the previous year. Over the period under review, the export price, however, showed a modest increase. The pace of growth appeared the most rapid in 2017 when the export price increased by X%. The level of export peaked at $X per ton in 2021, and then declined in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was China ($X per ton), while Japan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (X%), while the other leaders experienced a decline in the export price figures.

Silver Nitrate Imports

Imports in Eastern Asia

For the third consecutive year, Eastern Asia recorded growth in purchases abroad of silver nitrate, which increased by X% to X tons in 2022. Total imports indicated a measured expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, silver nitrate imports shrank markedly to $X in 2022. Over the period under review, imports, however, saw a perceptible decrease. The pace of growth appeared the most rapid in 2021 with an increase of X%. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Taiwan (Chinese) (X tons) represented the key importer of silver nitrate, comprising X% of total imports. It was distantly followed by China (X tons) and South Korea (X tons), together achieving a X% share of total imports. The following importers - Japan (X kg) and Hong Kong SAR (X kg) - each accounted for a X% share of total imports.

Imports into Taiwan (Chinese) increased at an average annual rate of X% from 2012 to 2022. At the same time, Japan (X%) displayed positive paces of growth. Moreover, Japan emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, South Korea (X%), China (X%) and Hong Kong SAR (X%) illustrated a downward trend over the same period. While the share of Taiwan (Chinese) (X p.p.) and Japan (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of South Korea (X p.p.), China (X p.p.) and Hong Kong SAR (X p.p.) displayed negative dynamics.

In value terms, Taiwan (Chinese) ($X), South Korea ($X) and China ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Hong Kong SAR and Japan lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Japan, 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 trends in the imports figures.

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per ton, falling by X% against the previous year. Over the period under review, the import price continues to indicate a abrupt setback. 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.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was South Korea ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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