Southern Asia: Silver Nitrate Market 2024

Silver Nitrate Market Size in Southern Asia

In 2022, after two years of growth, there was significant decline in the South Asian silver nitrate market, when its value decreased by X% to $X. Overall, consumption recorded a perceptible shrinkage. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Silver Nitrate Production in Southern Asia

In value terms, silver nitrate production totaled $X in 2022 estimated in export price. In general, production saw a precipitous descent. The pace of growth appeared the most rapid in 2016 with an increase of X,100%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Silver Nitrate Exports

Exports in Southern Asia

In 2022, the amount of silver nitrate exported in Southern Asia skyrocketed to X tons, growing by X% on the previous year's figure. In general, exports, however, faced a abrupt decline. The most prominent rate of growth was recorded in 2016 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, silver nitrate exports skyrocketed to $X in 2022. Over the period under review, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The shipments of the one major exporters of silver nitrate, namely India, represented more than two-thirds of total export.

India was also the fastest-growing in terms of the silver nitrate exports, with a CAGR of X% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest silver nitrate supplier in Southern Asia.

In India, silver nitrate exports remained relatively stable over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per ton, dropping by X% against the previous year. Overall, the export price, however, continues to indicate buoyant growth. The pace of growth appeared the most rapid in 2016 an increase of X% against the previous year. The level of export peaked at $X per ton in 2017; however, from 2018 to 2022, 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 India.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to X% per year.

Silver Nitrate Imports

Imports in Southern Asia

After two years of growth, supplies from abroad of silver nitrate decreased by X% to X tons in 2022. In general, imports, however, showed significant growth. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2021, and then contracted in the following year.

In value terms, silver nitrate imports declined to $X in 2022. Over the period under review, imports, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Over the period under review, imports reached the peak figure at $X in 2021, and then contracted in the following year.

Imports by Country

India was the main importer of silver nitrate in Southern Asia, with the volume of imports reaching X tons, which was approx. X% of total imports in 2022. It was distantly followed by Bangladesh (X tons) and Pakistan (X tons), together achieving a X% share of total imports. Sri Lanka (X tons) held a little share of total imports.

India was also the fastest-growing in terms of the silver nitrate imports, with a CAGR of X% from 2012 to 2022. At the same time, Bangladesh (X%) and Pakistan (X%) displayed positive paces of growth. By contrast, Sri Lanka (X%) illustrated a downward trend over the same period. While the share of India (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Sri Lanka (X p.p.) and Pakistan (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X), Bangladesh ($X) and Sri Lanka ($X) constituted the countries with the highest levels of imports in 2022, together comprising X% of total imports.

Among the main importing countries, India, 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 more modest paces of growth.

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2022, which is down by X% against the previous year. Overall, the import price continues to indicate a pronounced descent. The most prominent rate of growth was recorded in 2014 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 Sri Lanka ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :