Australia and Oceania: Semi-Manufactured Silver Market 2025

Semi-Manufactured Silver Market Size in Australia and Oceania

The semi-manufactured silver market in Australia and Oceania reduced to $X in 2021, falling by -6.6% against the previous year. In general, consumption recorded a pronounced setback. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Semi-Manufactured Silver Production in Australia and Oceania

In value terms, semi-manufactured silver production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production, however, showed a abrupt setback. The level of production peaked at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Semi-Manufactured Silver Exports

Exports in Australia and Oceania

In 2021, approx. X tons of silver in semi-manufactured forms were exported in Australia and Oceania; which is down by -4.6% against the previous year's figure. Overall, exports faced a abrupt curtailment. The most prominent rate of growth was recorded in 2020 when exports increased by 37%. The volume of export peaked at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, semi-manufactured silver exports surged to $X in 2021. Over the period under review, exports recorded a abrupt descent. The growth pace was the most rapid in 2020 with an increase of 68%. The level of export peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, Australia (X tons) was the largest exporter of silver in semi-manufactured forms, mixing up 80% of total exports. It was distantly followed by Papua New Guinea (X tons), generating a 19% share of total exports.

Australia experienced a relatively flat trend pattern with regard to volume of exports of silver in semi-manufactured forms. Papua New Guinea (-25.5%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Australia increased by +58 percentage points.

In value terms, Australia ($X) remains the largest semi-manufactured silver supplier in Australia and Oceania, comprising 83% of total exports. The second position in the ranking was held by Papua New Guinea ($X), with a 17% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Australia stood at -1.6%.

Export Prices by Country

In 2021, the export price in Australia and Oceania amounted to $X per ton, surging by 34% against the previous year. Overall, the export price posted buoyant growth. The pace of growth was the most pronounced in 2017 when the export price increased by 119% against the previous year. Over the period under review, the export prices hit record highs in 2021 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Australia ($X per ton), while Papua New Guinea stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Papua New Guinea (+8.5%).

Semi-Manufactured Silver Imports

Imports in Australia and Oceania

In 2021, purchases abroad of silver in semi-manufactured forms decreased by -17.5% to X tons for the first time since 2018, thus ending a two-year rising trend. Over the period under review, imports, however, showed a moderate expansion. The growth pace was the most rapid in 2020 with an increase of 142%. As a result, imports attained the peak of X tons, and then declined rapidly in the following year.

In value terms, semi-manufactured silver imports amounted to $X in 2021. In general, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when imports increased by 193% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

Australia represented the key importer of silver in semi-manufactured forms in Australia and Oceania, with the volume of imports resulting at X tons, which was approx. 88% of total imports in 2021. It was distantly followed by New Zealand (X tons), making up a 12% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to semi-manufactured silver imports into Australia stood at +2.9%. At the same time, New Zealand (+10.4%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +10.4% from 2012-2021. While the share of New Zealand (+5.2 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Australia (-5.1 p.p.) displayed negative dynamics.

In value terms, Australia ($X) constitutes the largest market for imported silver in semi-manufactured forms in Australia and Oceania, comprising 87% of total imports. The second position in the ranking was held by New Zealand ($X), with a 13% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in Australia totaled -1.2%.

Import Prices by Country

In 2021, the import price in Australia and Oceania amounted to $X per ton, jumping by 30% against the previous year. Overall, the import price, however, saw a pronounced descent. The pace of growth appeared the most rapid in 2013 when the import price increased by 42% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was New Zealand ($X per ton), while Australia amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (+6.9%).

Source: IndexBox Platform

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