Asia-Pacific: Silver Nitrate Market 2024

Silver Nitrate Market Size in Asia-Pacific

The Asia-Pacific silver nitrate market soared to $X in 2021, jumping by 37% against the previous year. The total consumption indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +2.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +65.7% against 2017 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Silver Nitrate Production in Asia-Pacific

In value terms, silver nitrate production shrank to $X in 2021 estimated in export price. Over the period under review, production, however, saw a deep setback. The most prominent rate of growth was recorded in 2016 when the production volume increased by 72% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Silver Nitrate Exports

Exports in Asia-Pacific

In 2021, silver nitrate exports in Asia-Pacific surged to X tons, picking up by 142% compared with 2020 figures. In general, exports, however, continue to indicate a noticeable downturn. The pace of growth appeared the most rapid in 2016 with an increase of 231% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, silver nitrate exports skyrocketed to $X in 2021. Overall, exports, however, continue to indicate a noticeable reduction. The pace of growth appeared the most rapid in 2016 with an increase of 461% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Singapore (X tons) and China (X tons) were the major exporters of silver nitrate in 2021, reaching approx. 25% and 22% of total exports, respectively. It was distantly followed by Japan (X tons), Taiwan (Chinese) (X tons), India (X tons), Australia (X tons) and South Korea (X tons), together achieving a 50% share of total exports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +36.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Taiwan (Chinese) ($X) and Japan ($X) were the countries with the highest levels of exports in 2021, together accounting for 78% of total exports.

In terms of the main exporting countries, China, with a CAGR of +32.6%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2021, the export price in Asia-Pacific amounted to $X per ton, rising by 6.8% against the previous year. Export price indicated mild growth from 2012 to 2021: its price increased at an average annual rate of +1.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, silver nitrate export price increased by +87.8% against 2018 indices. The pace of growth was the most pronounced in 2016 when the export price increased by 69%. The level of export peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while Australia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+6.9%), while the other leaders experienced mixed trends in the export price figures.

Silver Nitrate Imports

Imports in Asia-Pacific

In 2021, silver nitrate imports in Asia-Pacific skyrocketed to X tons, increasing by 59% compared with the year before. In general, imports showed a buoyant increase. The pace of growth was the most pronounced in 2018 with an increase of 80% against the previous year. The volume of import peaked in 2021 and is likely to see steady growth in the near future.

In value terms, silver nitrate imports soared to $X in 2021. Over the period under review, imports saw a remarkable increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, India (X tons) was the key importer of silver nitrate, committing 32% of total imports. Singapore (X tons) took the second position in the ranking, followed by Malaysia (X tons), Pakistan (X tons), Bangladesh (X tons), Thailand (X tons), Vietnam (X tons) and Taiwan (Chinese) (X tons). All these countries together took approx. 54% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by India (with a CAGR of +52.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X) constitutes the largest market for imported silver nitrate in Asia-Pacific, comprising 37% of total imports. The second position in the ranking was taken by India ($X), with a 16% share of total imports. It was followed by Malaysia, with an 11% share.

In Singapore, silver nitrate imports expanded at an average annual rate of +35.0% over the period from 2012-2021. In the other countries, the average annual rates were as follows: India (+63.6% per year) and Malaysia (+24.0% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2021, increasing by 53% against the previous year. Import price indicated a notable expansion from 2012 to 2021: its price increased at an average annual rate of +4.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, silver nitrate import price increased by +43.3% against 2017 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Singapore ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+12.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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