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

Mexico - Silver, Unwrought Or In Powder Form - Market Analysis, Forecast, Size, Trends And Insights

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Jul 19, 2023

Silver Prices in Mexico Increase by 5%, Averaging $869 per kg

Mexico Unwrought Silver Export Price in April 2023

In April 2023, the unwrought silver price amounted to $869K per ton (FOB, Mexico), rising by 5% against the previous month. In general, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in August 2022 when the average export price increased by 14% month-to-month. Over the period under review, the average export prices hit record highs in April 2023.

As there is only one major export destination, the average price level is determined by prices for the United States.

From April 2022 to April 2023, the rate of growth in terms of prices for the United States amounted to +0.2% per month.

COUNTRYExport Price of Unwrought Silver in Mexico (USD per ton)
Apr 2022May 2022Jun 2022Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023Mar 2023Apr 2023
United States853,103799,319813,360694,080794,301764,959747,615N/A855,979865,564848,460828,236869,431
Average853,103799,319813,360694,080794,301764,959747,615N/A855,979865,564848,460828,236869,431

Mexico Unwrought Silver Export Prices by Type

As there is only one major exported type of unwrought silver, the average price level is determined by prices for metals; silver, unwrought, (but not powder).

From April 2022 to April 2023, the rate of growth in terms of prices for metals; silver, unwrought, (but not powder) amounted to +0.2% per month.

Mexico Unwrought Silver Exports

In April 2023, approximately 210 tons of silver, unwrought or in powder form were exported from Mexico; falling by -17.2% on the month before. Over the period under review, exports saw a mild descent. The most prominent rate of growth was recorded in March 2023 when exports increased by 10% m-o-m.

In value terms, unwrought silver exports dropped to $182M (IndexBox estimates) in April 2023. Overall, exports showed a slight decline. The most prominent rate of growth was recorded in August 2022 when exports increased by 20% month-to-month.

Mexico Unwrought Silver Exports by Type

Metals; silver, unwrought, (but not powder) (210 tons) was the largest type of unwrought silver exported from Mexico, with a approximately 100% share of total exports.

From April 2022 to April 2023, the average monthly rate of growth in terms of the volume of export of metals; silver, unwrought, (but not powder) stood at -1.6%.

In value terms, metals; silver, unwrought, (but not powder) ($182M) also remains the largest type of unwrought silver exported from Mexico.

From April 2022 to April 2023, the average monthly rate of growth in terms of the export volume of metals; silver, unwrought, (but not powder) stood at -1.4%.

Mexico Unwrought Silver Exports by Country

the United States (210 tons) was the main destination for unwrought silver exports from Mexico, with a approximately 100% share of total exports.

From April 2022 to April 2023, the average monthly rate of growth in terms of volume to the United States amounted to -1.6%.

In value terms, the United States ($182M) also remains the key foreign market for unwrought silver exports from Mexico.

From April 2022 to April 2023, the average monthly rate of growth in terms of value to the United States totaled -1.4%.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the unwrought silver market in Mexico. 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:

  • Mexico

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Mexico
  • 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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