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Hong Kong SAR, China - Silver, Unwrought Or In Powder Form - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Nov 1, 2024

Hong Kong SAR, China - Silver, Unwrought Or In Powder Form - Market Analysis, Forecast, Size, Trends And Insights

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Apr 11, 2023

HK Silver Price Up 4%, $761/kg Avg

Hong Kong SAR, China Unwrought Silver Export Price in January 2023

In January 2023, the unwrought silver price amounted to $761 per kg (FOB, Hong Kong SAR, China), surging by 4.3% against the previous month. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2022 when the average export price increased by 9.1% month-to-month. The export price peaked at $800 per kg in March 2022; however, from April 2022 to January 2023, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In January 2023, the highest price was recorded for prices to China ($775 per kg) and Australia ($774 per kg), while the average price for exports to Japan ($735 per kg) and Thailand ($738 per kg) were amongst the lowest.

From January 2022 to January 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+0.9%), while the prices for the other major destinations experienced more modest paces of growth.

Hong Kong SAR, China Unwrought Silver Export Prices by Type

Average prices varied somewhat for the major types of exported product. In January 2023, the product with the highest price was metals; silver, unwrought, (but not powder) ($761 per kg), while the average price for exports of metals; silver powder stood at $596 per kg.

From January 2022 to January 2023, the most notable rate of growth in terms of prices was recorded for the following types: metals; silver, unwrought, (but not powder) (+0.3%).

Hong Kong SAR, China Unwrought Silver Exports

In January 2023, shipments abroad of silver, unwrought or in powder form increased by 4.9% to 515 tons, rising for the fourth month in a row after two months of decline. In general, exports continue to indicate notable growth. The pace of growth was the most pronounced in July 2022 with an increase of 103% m-o-m. Over the period under review, the exports attained the maximum at 639 tons in May 2022; however, from June 2022 to January 2023, the exports failed to regain momentum.

In value terms, unwrought silver exports totaled $392M (IndexBox estimates) in January 2023. Over the period under review, exports showed prominent growth. The most prominent rate of growth was recorded in July 2022 when exports increased by 83% m-o-m. Over the period under review, the exports attained the peak figure at 463K tons in May 2022; however, from June 2022 to January 2023, the exports stood at a somewhat lower figure.

Hong Kong SAR, China Unwrought Silver Exports by Type

Metals; silver, unwrought, (but not powder) (514 tons) was the largest type of unwrought silver exported from Hong Kong SAR, with a 100% share of total exports. It was followed by metals; silver powder (1.1 tons), with a 0.2% share of total exports.

From January 2022 to January 2023, the average monthly rate of growth in terms of the volume of export of metals; silver, unwrought, (but not powder) amounted to +4.7%.

In value terms, metals; silver, unwrought, (but not powder) ($391M) remains the largest type of unwrought silver exported from Hong Kong SAR, comprising 100% of total exports. The second position in the ranking was taken by metals; silver powder ($671K), with a 0.2% share of total exports.

From January 2022 to January 2023, the average monthly growth rate of the export volume of metals; silver, unwrought, (but not powder) totaled +5.0%.

Hong Kong SAR, China Unwrought Silver Exports by Country

Taiwan (Chinese) (112 tons), the UK (108 tons) and the United States (106 tons) were the main destinations of unwrought silver exports from Hong Kong SAR, together accounting for 63% of total exports.

From January 2022 to January 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +85.7%), while the other leaders experienced more modest paces of growth.

In value terms, Taiwan (Chinese) ($84M), the UK ($83M) and the United States ($81M) constituted the largest markets for unwrought silver exported from Hong Kong SAR worldwide, with a combined 63% share of total exports.

In terms of the main countries of destination, the United States, with a CAGR of +85.9%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the unwrought silver market in Hong Kong SAR, China. 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)

Country coverage:

  • Hong Kong SAR

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Hong Kong SAR, China
  • 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. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

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