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World - Silver in Semi-Manufactured Forms - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Nov 1, 2024

World - Silver in Semi-Manufactured Forms - Market Analysis, Forecast, Size, Trends And Insights

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Dec 26, 2023

Top Import Markets for Semi-Manufactured Silver

Silver has been used for various purposes throughout history, from jewelry and currency to industrial applications. It is a highly sought-after metal due to its unique properties, making it an important commodity in international trade.

When it comes to the import market for semi-manufactured silver, several countries stand out as major players. In this article, we will explore the top import markets for semi-manufactured silver and provide key statistics and data to illustrate their significance in the global silver trade.

India - Leading the Way

India takes the top spot as the world's largest importer of semi-manufactured silver, with an import value of $6.2 billion in 2022. The country has a rich history of silver consumption, with a significant demand in the jewelry and electronics industries.

The high demand for silver in India can be attributed to its cultural significance and the country's growing middle class. Silver jewelry has been deeply ingrained in Indian traditions and is often gifted during weddings and festivals. Additionally, the electronics industry, which heavily relies on silver for its conductive properties, contributes to the country's import demand.

United States - Powerhouse Consumer

The United States is another key player in the semi-manufactured silver import market, importing approximately $1.4 billion worth of silver in 2022. The country's strong industrial base and technological advancements create a substantial demand for silver used in various applications.

The US is known for its advanced electronics industry, aerospace sector, and medical equipment production, all of which require large quantities of silver. Moreover, silver is also widely used in the production of coins and jewelry, further contributing to the country's import demand.

Canada - Embracing Silver

Canada ranks third on the list of top import markets for semi-manufactured silver, with an import value of $633.4 million in 2022. The country's vast natural resources and thriving mining industry make it a significant player in the global silver trade.

Canada has a long history of silver mining, and its mining companies play a crucial role in the global supply chain. Additionally, the country's industrial and automotive sectors present a steady demand for silver, ensuring a consistent inflow of semi-manufactured silver imports.

United Kingdom - A Traditional Market

The United Kingdom, with an import value of $521.6 million in 2022, secures its place as a prominent market for semi-manufactured silver. The country's rich history of silver craftsmanship and the presence of renowned silverware manufacturers contribute to its import demand.

Despite the decline of traditional silverware consumption, the UK still attracts imports for industrial applications, including electronics and automotive production. The country's demand for silver reflects its position as a hub for global trade and manufacturing.

Thailand, Australia, Spain, Bulgaria, Germany, and Mexico - Emerging Markets

The remaining countries in the top ten list of import markets for semi-manufactured silver include Thailand, Australia, Spain, Bulgaria, Germany, and Mexico, with import values ranging from $90.3 million to $458.4 million in 2022.

These countries exhibit growing demand for silver, driven by various factors such as industrial growth, jewelry production, and technological advancements. While their import volumes may be lower compared to the top four markets, their steady growth indicates their potential as emerging players in the global silver trade.

Conclusion

The import market for semi-manufactured silver is dominated by a handful of countries, each playing a significant role in supplying the global demand for this precious metal. India leads the way, followed closely by the United States, Canada, and the United Kingdom.

These countries offer a range of opportunities for exporters and businesses involved in the silver industry. Understanding the import dynamics and market trends in these countries is crucial for successful market entry and expansion.

To gain a deeper insight into the global silver trade, market intelligence platforms like IndexBox provide invaluable data and analytics. By leveraging the comprehensive market intelligence available on platforms like IndexBox, businesses can make informed decisions and capitalize on the immense potential of the world's best import markets for semi-manufactured silver.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the global semi-manufactured silver market. 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 24411050 - Silver, in semi-manufactured forms (including plated with gold or platinum) (excluding unwrought or in powder form)

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

  • Global market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Global production, split by region and country
  • Global trade (exports and imports)
  • 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. CONSUMPTION BY COUNTRY
    3. 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. GLOBAL PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. GLOBAL IMPORTS

    The Largest Importers on The Market and How They Succeed

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

  9. 9. GLOBAL EXPORTS

    The Largest Exporters on The Market and How They Succeed

    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. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • United States
    • China
    • Japan
    • Germany
    • United Kingdom
    • France
    • Brazil
    • Italy
    • Russian Federation
    • India
    • Canada
    • Australia
    • Republic of Korea
    • Spain
    • Mexico
    • Indonesia
    • Netherlands
    • Turkey
    • Saudi Arabia
    • Switzerland
    • Sweden
    • Nigeria
    • Poland
    • Belgium
    • Argentina
    • Norway
    • Austria
    • Thailand
    • United Arab Emirates
    • Colombia
    • Denmark
    • South Africa
    • Malaysia
    • Israel
    • Singapore
    • Egypt
    • Philippines
    • Finland
    • Chile
    • Ireland
    • Pakistan
    • Greece
    • Portugal
    • Kazakhstan
    • Algeria
    • Czech Republic
    • Qatar
    • Peru
    • Romania
    • Vietnam

  12. 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, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

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

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