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U.S. - Silver Including Silver Plated With Gold or Platinum - Market Analysis, Forecast, Size, Trends and Insights

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U.S.: Silver Market 2022

Silver Market Size in the U.S.

The U.S. silver market expanded remarkably to $X in 2021, growing by X% against the previous year. The market value increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Silver consumption peaked in 2021 and is likely to continue growth in the near future.

Silver Production in the U.S.

In value terms, silver production soared to $X in 2021. Over the period under review, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Silver Exports

Exports from the U.S.

In 2021, approx. X tons of silver including silver plated with gold or platinum were exported from the United States; increasing by X% compared with 2020 figures. In general, total exports indicated a modest expansion from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +X% against 2017 indices. The growth pace was the most rapid in 2020 when exports increased by X%. Over the period under review, the exports attained the peak figure in 2021 and are likely to continue growth in the near future.

In value terms, silver exports skyrocketed to $X in 2021. Overall, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Canada (X tons) was the main destination for silver exports from the United States, accounting for a X% share of total exports. Moreover, silver exports to Canada exceeded the volume sent to the second major destination, Mexico (X tons), more than tenfold. The third position in this ranking was taken by Taiwan (Chinese) (X tons), with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Canada totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-X% per year) and Taiwan (Chinese) (-X% per year).

In value terms, Canada ($X) remains the key foreign market for silver exports from the United States, comprising X% of total exports. The second position in the ranking was held by Mexico ($X), with a X% share of total exports. It was followed by Taiwan (Chinese), with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Canada amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-X% per year) and Taiwan (Chinese) (-X% per year).

Export Prices by Country

In 2021, the average silver export price amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the export price, however, saw a slight slump. The pace of growth appeared the most rapid in 2020 an increase of X% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2021, the highest price was recorded for prices to China ($X per ton) and South Korea ($X per ton), while the average price for exports to Mexico ($X per ton) and France ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+X%), while the prices for the other major destinations experienced mixed trend patterns.

Silver Imports

Imports into the U.S.

In 2021, approx. X tons of silver including silver plated with gold or platinum were imported into the United States; falling by -X% on the year before. The total import volume increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, imports attained the peak of X tons, and then contracted in the following year.

In value terms, silver imports expanded significantly to $X in 2021. In general, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, Mexico (X tons) constituted the largest supplier of silver to the United States, accounting for a X% share of total imports. Moreover, silver imports from Mexico exceeded the figures recorded by the second-largest supplier, Canada (X tons), threefold. Switzerland (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Mexico amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (-X% per year) and Switzerland (+X% per year).

In value terms, Mexico ($X) constituted the largest supplier of silver to the United States, comprising X% of total imports. The second position in the ranking was held by Canada ($X), with an X% share of total imports. It was followed by Switzerland, with an X% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Mexico amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (-X% per year) and Switzerland (+X% per year).

Import Prices by Country

In 2021, the average silver import price amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the import price, however, showed a perceptible contraction. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, the countries with the highest prices were Mexico ($X per ton) and the UK ($X per ton), while the price for South Korea ($X per ton) and Canada ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

Base Year	Historical Period	Forecast Period	Units
2022	2012-2022	2023-2030	US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for silver including silver plated with gold or platinum in the world?

The countries with the highest volumes of consumption in 2021 were China, the United States and the UK, with a combined 27% share of global consumption. These countries were followed by Canada, Germany, India, Pakistan, Russia, Indonesia, Bangladesh, Japan, Nigeria and Ethiopia, which together accounted for a further 31%.

What are the largest producers of silver including silver plated with gold or platinum in the world?

China constituted the country with the largest volume of silver production, accounting for 18% of total volume. Moreover, silver production in China exceeded the figures recorded by the second-largest producer, Japan, threefold. Hong Kong SAR ranked third in terms of total production with a 5.1% share.

What are the leading suppliers of silver including silver plated with gold or platinum to the U.S.?

In value terms, Mexico constituted the largest supplier of silver to the United States, comprising 37% of total imports. The second position in the ranking was held by Canada, with an 11% share of total imports. It was followed by Switzerland, with an 8.1% share.

What are the leading importers of silver including silver plated with gold or platinum from the U.S.?

In value terms, Canada remains the key foreign market for silver exports from the United States, comprising 72% of total exports. The second position in the ranking was taken by Mexico, with a 3.9% share of total exports. It was followed by Taiwan Chinese), with a 3.5% share.

What is the average export price for silver including silver plated with gold or platinum in the U.S.?

In 2021, the average silver export price amounted to $865,801 per ton, rising by 20% against the previous year.

What is the average import price for silver including silver plated with gold or platinum in the U.S.?

In 2021, the average silver import price amounted to $813,777 per ton, picking up by 23% against the previous year.

This report provides an in-depth analysis of the silver market in the U.S.. 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.

Product coverage:

• Prodcom 24411030 - Silver, unwrought or in powder form (including plated with gold or platinum)

• Prodcom 24411050 - Silver, in semi-manufactured forms (including plated with gold or platinum) (excluding unwrought or in powder form)

Country coverage:

• United States

Data coverage:

• Market volume and value

• Per Capita consumption

• Forecast of the market dynamics in the medium term

• Trade (exports and imports) in the U.S.

• Export and import prices

• Market trends, drivers and restraints

• Key market players and their profiles

Reasons to buy this report:

• Take advantage of the latest data

• Find deeper insights into current market developments

• Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

1. How to diversify your business and benefit from new market opportunities

2. How to load your idle production capacity

3. How to boost your sales on overseas markets

4. How to increase your profit margins

5. How to make your supply chain more sustainable

6. How to reduce your production and supply chain costs

7. How to outsource production to other countries

8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1

REPORT DESCRIPTION

1.2

RESEARCH METHODOLOGY AND AI PLATFORM

1.3

DATA-DRIVEN DECISIONS FOR YOUR BUSINESS

1.4

REPORT DESCRIPTION

2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance