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Hong Kong SAR, China - Silver, Unwrought Or In Powder Form - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Jun 1, 2025

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

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Aug 12, 2024

Hong Kong's Unwrought Silver Exports Jump 34%, Hitting $4.6B in 2023

Hong Kong Unwrought Silver Exports

In 2023, approx. 6.1K tons of silver, unwrought or in powder form were exported from Hong Kong; with an increase of 26% compared with the previous year's figure. In general, exports continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2017 when exports increased by 114%. The exports peaked at 8.1K tons in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

In value terms, unwrought silver exports soared to $4.6B (IndexBox estimates) in 2023. Over the period under review, exports posted a buoyant increase. The pace of growth was the most pronounced in 2021 when exports increased by 123% against the previous year. As a result, the exports attained the peak of $6.7B. From 2022 to 2023, the growth of the exports remained at a lower figure.Hong Kong Unwrought Silver Exports By Country (Million USD)

COUNTRYExport Value of Unwrought Silver in Hong Kong (million USD)
20132014201520162017201820192020202120222023
United Kingdom19531.7N/A73.084.0N/AN/A1,0523,1573801,540
India1,0011,5916095411,8671,4029325409841,618815
Taiwan (Chinese)73946077.953.998.970.148.9166483302478
United States0.80.30.314.651.40.10.2175373133452
Switzerland35.7N/AN/A58.614.57.912.011746171.0327
Thailand105186180161217169194210332225212
Australia15.98.413.316.116.511.116.7408284353138
China12294.015118327123213513211746.292.8
Japan18222562.712519911711965.219610746.1
Others13321799.714010389.986.6125291178462
Total2,5282,8131,1941,3672,9212,0991,5432,9916,6783,4134,563

Exports by Country

the UK (2K tons), India (1.1K tons) and Taiwan (Chinese) (622 tons) were the main destinations of unwrought silver exports from Hong Kong, together accounting for 62% of total exports. the United States, Switzerland, Thailand, Australia, China and Japan lagged somewhat behind, together accounting for a further 28%.

From 2013 to 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 +93.5%), while the other leaders experienced more modest paces of growth.

In value terms, the UK ($1.5B), India ($815M) and Taiwan (Chinese) ($478M) constituted the largest markets for unwrought silver exported from Hong Kong worldwide, with a combined 62% share of total exports. the United States, Switzerland, Thailand, Australia, China and Japan lagged somewhat behind, together comprising a further 28%.

Among the main countries of destination, the United States, with a CAGR of +87.5%, 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.

Exports by Type

Metals; silver, unwrought, (but not powder) (6.1K tons) was the largest type of silver, unwrought or in powder form exported from Hong Kong, accounting for a 100% share of total exports. It was followed by metals; silver powder (11 tons), with a 0.2% share of total exports.

From 2013 to 2023, the average annual rate of growth in terms of the volume of metals; silver, unwrought, (but not powder) exports amounted to +9.5%.

In value terms, metals; silver, unwrought, (but not powder) ($4.6B) remains the largest type of silver, unwrought or in powder form exported from Hong Kong, comprising 100% of total exports. The second position in the ranking was held by metals; silver powder ($6.3M), with a 0.1% share of total exports.

From 2013 to 2023, the average annual rate of growth in terms of the value of metals; silver, unwrought, (but not powder) exports amounted to +6.4%.

Export Prices by Country

In 2023, the unwrought silver price amounted to $746,817 per ton (FOB, Hong Kong), growing by 6.4% against the previous year. Over the period under review, the export price, however, continues to indicate a perceptible decrease. The pace of growth was the most pronounced in 2020 an increase of 37%. The export price peaked at $985,692 per ton in 2013; however, from 2014 to 2023, the export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2023, amid the top suppliers, the countries with the highest prices were Taiwan (Chinese) ($768,095 per ton) and Japan ($760,010 per ton), while the average price for exports to China ($718,571 per ton) and India ($722,789 per ton) were amongst the lowest.

From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (-1.1%), while the prices for the other major destinations experienced a decline.

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 THE 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 TRENDSThis Chapter is Available Only for the Professional EditionPRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and its Prospects

    1. MARKET SIZE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    2. MARKET STRUCTURE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    3. TRADE BALANCE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    4. PER CAPITA CONSUMPTION: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    5. MARKET FORECAST TO 2035

  4. 4. MOST PROMISING PRODUCTS FOR DIVERSIFICATION

    Finding New Products to Diversify Your Business

    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCTS
    4. MOST TRADED PRODUCTS
    5. MOST PROFITABLE PRODUCTS FOR EXPORTS

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    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 Export

    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: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    2. IMPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
    3. IMPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    2. EXPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
    3. EXPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

  11. LIST OF TABLES

    1. Key Findings In 2024
    2. Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    3. Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
    4. Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
    5. Imports, In Physical Terms, By Country, 2012–2024
    6. Imports, In Value Terms, By Country, 2012–2024
    7. Import Prices, By Country, 2012–2024
    8. Exports, In Physical Terms, By Country, 2012–2024
    9. Exports, In Value Terms, By Country, 2012–2024
    10. Export Prices, By Country, 2012–2024

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    2. Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
    3. Market Structure – Domestic Supply vs. Imports, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    4. Market Structure – Domestic Supply vs. Imports, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    5. Trade Balance, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    6. Trade Balance, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    7. Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
    8. Market Volume Forecast to 2035
    9. Market Value Forecast to 2035
    10. Market Size and Growth, By Product
    11. Average Per Capita Consumption, By Product
    12. Exports and Growth, By Product
    13. Export Prices and Growth, By Product
    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: Historical Data (2012–2024) and Forecast (2025–2035)
    22. Production, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    23. Imports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    24. Imports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    25. Imports, In Physical Terms, By Country, 2024
    26. Imports, In Physical Terms, By Country, 2012–2024
    27. Imports, In Value Terms, By Country, 2012–2024
    28. Import Prices, By Country, 2012–2024
    29. Exports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    30. Exports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    31. Exports, In Physical Terms, By Country, 2024
    32. Exports, In Physical Terms, By Country, 2012–2024
    33. Exports, In Value Terms, By Country, 2012–2024
    34. Export Prices, By Country, 2012–2024

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