
Mexico - Silver Including Silver Plated With Gold or Platinum - Market Analysis, Forecast, Size, Trends and Insights
Mexico: Silver Market 2022
Silver Market Size in Mexico
The Mexican silver market declined to $X in 2021, with a decrease of -X% against the previous year. Over the period under review, consumption recorded a deep downturn. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.
Silver Production in Mexico
In value terms, silver production amounted to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a abrupt contraction. Silver production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.
Silver Exports
Exports from Mexico
In 2021, approx. X tons of silver including silver plated with gold or platinum were exported from Mexico; increasing by X% against the previous year's figure. In general, exports, however, recorded a pronounced reduction. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.
In value terms, silver exports soared to $X in 2021. Over the period under review, exports, however, continue to indicate a abrupt decrease. The growth pace was the most rapid in 2019 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.
Exports by Country
The United States (X tons) was the main destination for silver exports from Mexico, with a approx. X% share of total exports.
From 2012 to 2021, the average annual growth rate of volume to the United States stood at -X%.
In value terms, the United States ($X) also remains the key foreign market for silver exports from Mexico.
From 2012 to 2021, the average annual growth rate of value to the United States stood at -X%.
Export Prices by Country
In 2021, the average silver export price amounted to $X per ton, picking up by X% against the previous year. Overall, the export price, however, showed a noticeable contraction. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for the United States.
From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to -X% per year.
Silver Imports
Imports into Mexico
In 2021, overseas purchases of silver including silver plated with gold or platinum decreased by -X% to X tons for the first time since 2016, thus ending a four-year rising trend. In general, imports saw a abrupt descent. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.
In value terms, silver imports surged to $X in 2021. Over the period under review, imports continue to indicate a deep contraction. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.
Imports by Country
In 2021, the United States (X tons) constituted the largest silver supplier to Mexico, with a X% share of total imports. Moreover, silver imports from the United States exceeded the figures recorded by the second-largest supplier, Canada (X tons), tenfold. The third position in this ranking was held by France (X tons), with a X% share.
From 2012 to 2021, the average annual growth rate of volume from the United States amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (-X% per year) and France (-X% per year).
In value terms, the United States ($X) constituted the largest supplier of silver to Mexico, comprising X% of total imports. The second position in the ranking was taken by Japan ($X), with a X% share of total imports. It was followed by Canada, with a X% share.
From 2012 to 2021, the average annual rate of growth in terms of value from the United States stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-X% per year) and Canada (-X% per year).
Import Prices by Country
In 2021, the average silver import price amounted to $X per ton, with an increase of X% against the previous year. In general, the import price continues to indicate a buoyant increase. The pace of growth appeared the most rapid in 2016 an increase of X% against the previous year. Over the period under review, average import prices reached the peak figure in 2021 and is expected to retain growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Japan ($X per ton), while the price for China ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+X%), while the prices for the other major suppliers experienced more modest paces of growth.
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the silver market in Mexico. 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.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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