
World - Silver Including Silver Plated With Gold Or Platinum - Market Analysis, Forecast, Size, Trends and Insights
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Silver market: discover new information empowered by an Ai-driven market research platform. Facts and figures cover trade, companies, consumption, production, exports, market size, market prices, and imports. Here is a split by region, including the U.K., China, EU, Africa, the U.S., the Middle East, Latin America, and Russia. Market trends and outlook to 2030 are also featured in the snapshots.
Silver - World's Largest Markets
Rating | Country |
---|---|
1 | China |
2 | United States |
3 | India |
4 | Germany |
5 | Canada |
In value terms, the largest silver markets worldwide were China, the United States and India, with a combined 30% share of the global market. Germany, Canada, Indonesia, Japan, Pakistan, Russia, the UK, Italy, Mexico and South Korea lagged somewhat behind, together comprising a further 30%.
In terms of the main consuming countries, Canada (+77.6% per year) recorded the highest growth rate of market size, over the period under review, while silver market for the other global leaders experienced more modest paces of growth.
Silver Prices
Lowest Prices - FOB - Top Exporters
COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
---|---|---|---|---|
USD per ton | ||||
Japan | 252964 | 247768 | 228733 | -4.9% |
China | 509106 | 522514 | 345216 | -17.7% |
Italy | 258683 | 270126 | 376582 | 20.7% |
Switzerland | 503136 | 528007 | 429754 | -7.6% |
South Korea | 450312 | 481567 | 496456 | 5.0% |
Hong Kong SAR | 474958 | 480685 | 556147 | 8.2% |
Germany | 443446 | 464304 | 579009 | 14.3% |
Kazakhstan | 500555 | 444565 | 593821 | 8.9% |
Canada | 476074 | 478928 | 602740 | 12.5% |
Poland | 498833 | 520336 | 639580 | 13.2% |
United Kingdom | 495077 | 494915 | 666080 | 16.0% |
Mexico | 533669 | 599067 | 686195 | 13.4% |
United States | 563594 | 573980 | 725374 | 13.4% |
Average | 453729 | 464143 | 500722 | 5.1% |
There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was the United States ($725,374 per ton), while Japan ($228,733 per ton) was amongst the lowest.
From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Italy, while the other global leaders experienced more modest paces of growth.
Highest Prices - CIF - Top Importers
COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
---|---|---|---|---|
USD per ton | ||||
Canada | 531765 | 535443 | 755152 | 19.2% |
United States | 530240 | 531657 | 662121 | 11.7% |
Switzerland | 556867 | 542568 | 660862 | 8.9% |
United Kingdom | 468309 | 504872 | 657013 | 18.4% |
Australia | 532390 | 462924 | 556752 | 2.3% |
Hong Kong SAR | 366295 | 425716 | 548508 | 22.4% |
India | 504872 | 491700 | 537941 | 3.2% |
Japan | 463052 | 447634 | 529496 | 6.9% |
Germany | 412415 | 396153 | 467538 | 6.5% |
Taiwan (Chinese) | 401361 | 280493 | 450874 | 6.0% |
Thailand | 374335 | 333253 | 418500 | 5.7% |
China | 311423 | 328717 | 387072 | 11.5% |
Singapore | 460529 | 459042 | 377045 | -9.5% |
Average | 440852 | 437079 | 552277 | 11.9% |
Prices varied noticeably by the country of destination; the country with the highest price was Canada ($755,152 per ton), while Singapore ($377,045 per ton) was amongst the lowest.
From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Hong Kong SAR, while the other global leaders experienced more modest paces of growth.
Silver - Top Importers
COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
---|---|---|---|---|
billion USD | ||||
United States | 3.3 | 3.2 | 5.9 | 33.0% |
United Kingdom | 2 | 2.1 | 2.7 | 16.2% |
Canada | 0.4 | 0.6 | 2.5 | 145.9% |
Switzerland | 0.3 | 0.6 | 1.8 | 144.2% |
China | 1.2 | 1.1 | 1.4 | 7.9% |
In value terms, the United States ($5.9B) constitutes the largest market for imported silver including silver plated with gold or platinum worldwide, comprising 25% of global imports. The second position in the ranking was occupied by the UK ($2.7B), with a 12% share of global imports. It was followed by Canada, with a 11% share.
From 2018 to 2020, the average annual growth rate of value in the United States amounted to +33.0%. The remaining importing countries recorded the following average annual rates of imports growth: the UK (+16.2% per year) and Canada (+145.9% per year).
Silver - Top Exporters
COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
---|---|---|---|---|
billion USD | ||||
United Kingdom | 1.4 | 1.2 | 3.8 | 61.0% |
China | 1.2 | 1.4 | 2.5 | 40.7% |
Mexico | 1.7 | 2 | 2.2 | 13.6% |
United States | 1.3 | 1 | 1.9 | 21.0% |
Germany | 0.9 | 1.1 | 1.7 | 34.0% |
In value terms, the UK ($3.8B), China ($2.5B) and Mexico ($2.2B) appeared to be the countries with the highest levels of exports in 2020, together accounting for 35% of global exports.
Among the main exporting countries, the UK (+61.0% per year) recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.
Silver - Market Forecast
Driven by increasing demand for silver worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.
Silver - Top Companies
Dalian Sunny Titanium Industry Co., Ltd., Jiangxi Copper Company Limited, SORTAG AG Entsorgungscenter Bigenthal, Sortag Zürich AG, JOHNSON MATTHEY PLC, MITSUBISHI MATERIALS CORPORATION, Zijin Mining Group Co., Ltd., Aurubis AG, Tongling Nonferrous Metals Group Co., Ltd., Shandong Gold Group Co., Ltd., Hangzhou Zhengcai Holding Group Co., Ltd., GMK NORILSKI NIKEL, PAO, COPPER REFINERIES PTY. LTD., Yunnan Copper Co., Ltd., SUMITOMO METAL MINING CO., LTD., Baiyin Nonferrous Group Co., Ltd., LS-Nikko Copper Inc., GOLD CORPORATION, Korea Zinc Company, Ltd., Axpo Kompogas AG
Silver - Product Coverage
- HS 7106 - Silver (including silver plated with gold or platinum); unwrought or in semi-manufactured forms, or in powder form
This report provides an in-depth analysis of the global 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 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:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- 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
+ 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND THE AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional EditionPRO
3. MARKET OVERVIEW
Understanding the Current State of The Market and its Prospects
- MARKET SIZE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- CONSUMPTION BY COUNTRY: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- MARKET FORECAST TO 2035
4. MOST PROMISING PRODUCTS FOR DIVERSIFICATION
Finding New Products to Diversify Your Business
- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCTS
- MOST TRADED PRODUCTS
- MOST PROFITABLE PRODUCTS FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Export
- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- PRODUCTION BY COUNTRY: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- IMPORTS BY COUNTRY: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- IMPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- EXPORTS BY COUNTRY: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- EXPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
-
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
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
- Per Capita Consumption, by Country, 2022–2024
- Production, In Physical Terms, By Country: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms, By Country: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Value Terms, By Country: Historical Data (2012–2024) and Forecast (2025–2035)
- Import Prices, By Country: Historical Data (2012–2024) and Forecast (2025–2035)
- Exports, In Physical Terms, By Country: Historical Data (2012–2024) and Forecast (2025–2035)
- Exports, In Value Terms, By Country: Historical Data (2012–2024) and Forecast (2025–2035)
- Export Prices, By Country: Historical Data (2012–2024) and Forecast (2025–2035)
LIST OF FIGURES
- Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
- Consumption, by Country, 2024
- Market Volume Forecast to 2035
- Market Value Forecast to 2035
- Market Size and Growth, By Product
- Average Per Capita Consumption, By Product
- Exports and Growth, By Product
- Export Prices and Growth, By Product
- Production Volume and Growth
- Exports and Growth
- Export Prices and Growth
- Market Size and Growth
- Per Capita Consumption
- Imports and Growth
- Import Prices
- Production, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Production, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Production, by Country, 2024
- Production, In Physical Terms, by Country: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Value Terms, By Country: Historical Data (2012–2024) and Forecast (2025–2035)
- Import Prices, By Country: Historical Data (2012–2024) and Forecast (2025–2035)
- Exports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Exports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country: Historical Data (2012–2024) and Forecast (2025–2035)
- Exports, In Value Terms, By Country: Historical Data (2012–2024) and Forecast (2025–2035)
- Export Prices, By Country: Historical Data (2012–2024) and Forecast (2025–2035)
This report provides an in-depth analysis of the global silver market.
This report provides an in-depth analysis of the global semi-manufactured silver market.
This report provides an in-depth analysis of the global unwrought silver market.
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Explore the top import markets for silver and the key statistics behind their import values. Learn about the leading countries in the global trade of silver and the factors driving their demand. Gain insights from the IndexBox market intelligence platform.
In 2016, approx. X tons of silver were imported worldwide- coming down by -X% against the previous year figure. In general, silver imports continue to indicate a moderate decline. The pace of gr...
In 2016, approx. X tons of silver were imported worldwide- coming down by -X% against the previous year figure. In general, silver imports continue to indicate a moderate decline. The pace of gr...
Explore the top import markets for semi-manufactured silver, including India, the United States, Canada, and the United Kingdom. Learn about their import values and the factors driving their demand for silver. Discover the potential of these markets for exporters and businesses.
Explore the world's best import markets for unwrought silver, including key statistics and factors driving demand. Learn about the top countries and their import values.
The global unwrought silver market revenue amounted to $20.1B in 2018, waning by -5.7% against the previous year....