Australia and Oceania: Unwrought Silver Market 2025

Unwrought Silver Market Size in Australia and Oceania

The unwrought silver market in Australia and Oceania shrank to $X in 2021, waning by -9.6% against the previous year. In general, consumption showed a pronounced slump. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Unwrought Silver Production in Australia and Oceania

In value terms, unwrought silver production declined to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a abrupt decline. The pace of growth was the most pronounced in 2018 when the production volume increased by 68% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Unwrought Silver Exports

Exports in Australia and Oceania

In 2021, exports of silver, unwrought or in powder form in Australia and Oceania surged to X tons, increasing by 25% compared with the previous year. Overall, exports, however, saw a abrupt contraction. The growth pace was the most rapid in 2013 with an increase of 408%. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, unwrought silver exports soared to $X in 2021. Over the period under review, exports, however, continue to indicate a dramatic shrinkage. The growth pace was the most rapid in 2013 with an increase of 214% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Australia dominates exports structure, reaching X tons, which was approx. 84% of total exports in 2021. New Zealand (X tons) took an 8.7% share (based on physical terms) of total exports, which put it in second place, followed by Papua New Guinea (7.1%).

Australia experienced a relatively flat trend pattern with regard to volume of exports of silver, unwrought or in powder form. Papua New Guinea (-25.1%) and New Zealand (-27.3%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Australia increased by +60 percentage points.

In value terms, Australia ($X) remains the largest unwrought silver supplier in Australia and Oceania, comprising 81% of total exports. The second position in the ranking was taken by New Zealand ($X), with a 9.3% share of total exports.

In Australia, unwrought silver exports remained relatively stable over the period from 2012-2021. In the other countries, the average annual rates were as follows: New Zealand (-38.4% per year) and Papua New Guinea (-17.6% per year).

Export Prices by Country

The export price in Australia and Oceania stood at $X per kg in 2021, rising by 34% against the previous year. Over the period under review, the export price, however, saw a abrupt slump. The pace of growth appeared the most rapid in 2016 an increase of 300% against the previous year. As a result, the export price reached the peak level of $X per kg. From 2017 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was New Zealand ($X per kg), while Papua New Guinea ($X per kg) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Papua New Guinea (+10.0%), while the other leaders experienced a decline in the export price figures.

Unwrought Silver Imports

Imports in Australia and Oceania

In 2021, after two years of growth, there was significant decline in supplies from abroad of silver, unwrought or in powder form, when their volume decreased by -34.7% to X tons. Over the period under review, imports, however, posted a resilient increase. The pace of growth was the most pronounced in 2020 when imports increased by 811%. As a result, imports reached the peak of X tons, and then declined significantly in the following year.

In value terms, unwrought silver imports fell markedly to $X in 2021. Overall, imports, however, saw a resilient increase. The growth pace was the most rapid in 2020 when imports increased by 976% against the previous year. As a result, imports reached the peak of $X, and then dropped notably in the following year.

Imports by Country

Australia dominates imports structure, accounting for X tons, which was near 98% of total imports in 2021. New Zealand (X tons) followed a long way behind the leaders.

Australia was also the fastest-growing in terms of the silver, unwrought or in powder form imports, with a CAGR of +9.9% from 2012 to 2021. New Zealand (-1.6%) illustrated a downward trend over the same period. Australia (+3.3 p.p.) significantly strengthened its position in terms of the total imports, while New Zealand saw its share reduced by -2.7% from 2012 to 2021, respectively.

In value terms, Australia ($X) constitutes the largest market for imported silver, unwrought or in powder form in Australia and Oceania, comprising 97% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 2.6% share of total imports.

In Australia, unwrought silver imports expanded at an average annual rate of +14.7% over the period from 2012-2021.

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2021, increasing by 5.4% against the previous year. Import price indicated measured growth from 2012 to 2021: its price increased at an average annual rate of +3.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, unwrought silver import price increased by +83.0% against 2017 indices. The pace of growth appeared the most rapid in 2019 when the import price increased by 32% against the previous year. Over the period under review, import prices reached the peak figure in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was New Zealand ($X per ton), while Australia stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+4.4%).

Source: IndexBox Platform

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