Mexico - Silver Including Silver Plated With Gold Or Platinum - Market Analysis, Forecast, Size, Trends and Insights

Mexico: Silver Market Overview 2019

Silver Market Size in Mexico

The revenue of the silver market in Mexico amounted to $X in 2017, stabilizing at the previous year. Overall, silver consumption continues to indicate a pronounced growth. The pace of growth was the most pronounced in 2012, when it surged by X% year-to-year. In that year, the silver market attained their peak level of $X. From 2013 to 2017, growth of the silver market stood at a somewhat lower level.

Silver Production in Mexico

Silver production in Mexico totaled X tonnes in 2017, stabilizing at the previous year. In general, silver production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2010, when it surged by X% against the previous year. Over the period under review, the silver production reached its maximum volume of X tonnes in 2008; however, from 2009 to 2017, it failed to regain its momentum.

Silver Exports from Mexico

Silver exports from Mexico stood at X tonnes in 2017, coming up by X% against the previous year. Overall, silver exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2010, when it surged by X% year-to-year. Over the period under review, the silver exports attained its maximum volume of X tonnes in 2011; however, from 2012 to 2017, it failed to regain its momentum.

In value terms, silver exports stood at $X in 2017. In general, silver exports continue to indicate a pronounced expansion. Over the period under review, the silver exports reached its maximum level of $X in 2011; however, from 2012 to 2017, it failed to regain its momentum.

Silver Exports by Country from Mexico

The U.S. (X tonnes) was the main destination of silver exports from Mexico, with a X% share of total exports. Moreover, silver exports to the U.S. exceeded the volume sent to the second major destination, Japan (X tonnes), more than tenfold.

From 2007 to 2017, the average annual growth rate of volume to the U.S. was relatively modest.

In value terms, the U.S. ($X) remains the key foreign market for silver exports from Mexico, making up X% of total silver exports. The second position in the ranking was occupied by Japan ($X), with a X% share of total exports.

From 2007 to 2017, the average annual rate of growth in terms of value to the U.S. amounted to +X%.

Silver Export Prices by Country in Mexico

The average silver export price stood at $X per kg in 2017, standing approx. at the previous year. In general, silver export price continues to indicate a noticeable increase. The most prominent rate of growth was recorded in 2012, when the average export prices increased by X% year-to-year. In that year, the average export prices for silver including silver plated with gold or platinum attained their peak level of $X per kg. From 2013 to 2017, growth of the average export prices for silver including silver plated with gold or platinum stood at a somewhat lower level.

Average export prices varied noticeably for the major foreign markets. In 2017, the country with the highest export price was the U.S. ($X per kg), while average price for exports to Japan ($X per kg) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was recorded for supplies to the U.S. (+X% per year).

Silver Imports into Mexico

Silver imports into Mexico amounted to X tonnes in 2017, picking up by X% against the previous year. In general, silver imports continue to indicate a strong growth. The pace of growth appeared the most rapid in 2011, when imports increased by X% year-to-year. Over the period under review, the silver imports attained its maximum volume of X tonnes in 2014; however, from 2015 to 2017, it failed to regain its momentum.

In value terms, silver imports stood at $X in 2017. In general, silver imports continue to indicate a relatively flat trend pattern. The imports peaked of $X in 2013; however, from 2014 to 2017, it stood at a somewhat lower level.

Silver Imports by Country into Mexico

In 2017, the U.S. (X tonnes) was the main supplier of silver to Mexico, with a X% share of total imports. Moreover, silver imports from the U.S. exceeded the figures recorded by the second largest supplier, Canada (X tonnes), more than tenfold. Venezuela (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2017, the average annual growth rate of volume from the U.S. totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (+X% per year) and Venezuela (+X% per year).

In value terms, the U.S. ($X) constituted the largest supplier of silver to Mexico, making up X% of total silver imports. The second position in the ranking was occupied by Canada ($X), with a X% share of total imports. It was followed by Poland, with a X% share.

From 2007 to 2017, the average annual growth rate of value from the U.S. totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (+X% per year) and Poland (+X% per year).

Silver Import Prices by Country in Mexico

The average silver import price stood at $X per kg in 2017, waning by -X% against the previous year. Overall, silver import price continues to indicate an abrupt curtailment. The pace of growth was the most pronounced in 2013, when it surged by X% y-o-y. Over the period under review, the average import prices for silver including silver plated with gold or platinum attained its maximum level of $X per kg in 2007; however, from 2008 to 2017, it failed to regain its momentum.

Import prices varied noticeably by the country of destination; the country with the highest import price was the U.S. ($X per kg), while prices for silver imports from Venezuela ($X per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Venezuela (+X% per year), the import prices for other major suppliers experienced mixed trend patterns.