Northern America: Semi-Manufactured Silver Market 2024

Semi-Manufactured Silver Market Size in Northern America

The North American semi-manufactured silver market declined to $X in 2022, approximately equating the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Semi-Manufactured Silver Production in Northern America

In value terms, semi-manufactured silver production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 when the production volume increased by X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

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Semi-Manufactured Silver Exports

Exports in Northern America

In 2022, shipments abroad of silver in semi-manufactured forms increased by X% to X tons, rising for the third consecutive year after three years of decline. Overall, exports, however, recorded a slight contraction. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. The volume of export peaked at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, semi-manufactured silver exports dropped modestly to $X in 2022. Over the period under review, exports, however, recorded a mild curtailment. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

The United States represented the major exporting country with an export of about X tons, which resulted at X% of total exports. It was distantly followed by Canada (X tons), generating a X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of X%).

In value terms, the United States ($X) remains the largest semi-manufactured silver supplier in Northern America, comprising X% of total exports. The second position in the ranking was held by Canada ($X), with a X% share of total exports.

In the United States, semi-manufactured silver exports remained relatively stable over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Northern America amounted to $X per ton, with a decrease of X% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2021, and then dropped in the following year.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while Canada totaled $X per ton.

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

Semi-Manufactured Silver Imports

Imports in Northern America

In 2022, overseas purchases of silver in semi-manufactured forms increased by X% to X tons, rising for the fourth year in a row after two years of decline. Over the period under review, imports recorded a buoyant expansion. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in years to come.

In value terms, semi-manufactured silver imports rose sharply to $X in 2022. Overall, imports saw strong growth. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

In 2022, the United States (X tons) represented the major importer of silver in semi-manufactured forms, mixing up X% of total imports. It was distantly followed by Canada (X tons), comprising a X% share of total imports.

The United States was also the fastest-growing in terms of the silver in semi-manufactured forms imports, with a CAGR of X% from 2012 to 2022. At the same time, Canada (X%) displayed positive paces of growth. While the share of the United States (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Canada (X p.p.) displayed negative dynamics.

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

From 2012 to 2022, the average annual growth rate of value in the United States amounted to X%.

Import Prices by Country

In 2022, the import price in Northern America amounted to $X per ton, dropping by X% against the previous year. Overall, the import price recorded a mild decrease. The growth pace was the most rapid in 2020 an increase of X%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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