Argentina: Semi-Manufactured Silver Market 2025

Semi-Manufactured Silver Market Size in Argentina

In 2021, the Argentinian semi-manufactured silver market increased by 60% to $X, rising for the second year in a row after two years of decline. In general, consumption, however, showed a drastic downturn. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Semi-Manufactured Silver Exports

Exports from Argentina

In 2021, overseas shipments of silver in semi-manufactured forms decreased by -16.7% to X kg for the first time since 2016, thus ending a four-year declining trend. Overall, exports continue to indicate a sharp descent. The pace of growth was the most pronounced in 2013 with an increase of 289%. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, semi-manufactured silver exports dropped rapidly to $X in 2021. In general, exports continue to indicate a precipitous decline. The pace of growth appeared the most rapid in 2015 when exports increased by 230%. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Belgium (X kg), Bolivia (X kg) and India (X kg) were the main destinations of semi-manufactured silver exports from Argentina, together comprising 80% of total exports. Paraguay and the UK lagged somewhat behind, together accounting for a further 20%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the UK (with a CAGR of 0.0%), while the other leaders experienced mixed trend patterns.

In value terms, Belgium ($X) remains the key foreign market for silver in semi-manufactured forms exports from Argentina, comprising 81% of total exports. The second position in the ranking was taken by the UK ($X), with a 2.9% share of total exports. It was followed by Bolivia, with a 2.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Belgium amounted to -45.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (0.0% per year) and Bolivia (-19.5% per year).

Export Prices by Country

The average semi-manufactured silver export price stood at $X per ton in 2021, waning by -5.2% against the previous year. In general, the export price continues to indicate a deep downturn. The most prominent rate of growth was recorded in 2015 an increase of 7.4%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Bolivia (-2.4%), while the prices for the other major destinations experienced a decline.

Semi-Manufactured Silver Imports

Imports into Argentina

In 2021, supplies from abroad of silver in semi-manufactured forms increased by 51% to X tons, rising for the second consecutive year after two years of decline. Overall, imports, however, continue to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2020 when imports increased by 58%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, semi-manufactured silver imports skyrocketed to $X in 2021. Over the period under review, imports, however, showed a abrupt slump. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

China (X tons), Chile (X tons) and Hong Kong SAR (X kg) were the main suppliers of semi-manufactured silver imports to Argentina, with a combined 88% share of total imports. Brazil, the United States and Japan lagged somewhat behind, together accounting for a further 8.6%.

From 2012 to 2021, the biggest increases were recorded for Japan (with a CAGR of +46.6%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Chile ($X) constituted the largest supplier of silver in semi-manufactured forms to Argentina, comprising 41% of total imports. The second position in the ranking was held by the United States ($X), with a 16% share of total imports. It was followed by China, with a 16% share.

From 2012 to 2021, the average annual growth rate of value from Chile amounted to -7.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+7.5% per year) and China (-5.9% per year).

Import Prices by Country

In 2021, the average semi-manufactured silver import price amounted to $X per ton, growing by 10% against the previous year. Overall, import price indicated temperate growth from 2012 to 2021: its price increased at an average annual rate of +2.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, semi-manufactured silver import price decreased by -9.2% against 2019 indices. The growth pace was the most rapid in 2019 when the average import price increased by 63% against the previous year. As a result, import price reached the peak level of $X per ton. From 2020 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+5.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :