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Report Central Asia - Silver, Unwrought or in Powder Form - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Jan 1, 2025

Central Asia - Silver, Unwrought or in Powder Form - Market Analysis, Forecast, Size, Trends and Insights

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Central Asia: Unwrought Silver Market 2025

Unwrought Silver Market Size in Central Asia

The Central Asian unwrought silver market was finally on the rise to reach $X in 2021, after two years of decline. Overall, consumption, however, enjoyed a temperate increase. The level of consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Unwrought Silver Production in Central Asia

In value terms, unwrought silver production dropped to $X in 2021 estimated in export price. Over the period under review, production, however, showed a abrupt curtailment. The pace of growth appeared the most rapid in 2020 when the production volume increased by 15%. The level of production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Unwrought Silver Exports

Exports in Central Asia

In 2021, the amount of silver, unwrought or in powder form exported in Central Asia soared to X tons, with an increase of 19% on 2020. Over the period under review, exports saw a tangible increase. The growth pace was the most rapid in 2015 when exports increased by 120% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, unwrought silver exports soared to $X in 2021. Overall, exports posted notable growth. The pace of growth appeared the most rapid in 2015 with an increase of 72%. The level of export peaked in 2021 and is expected to retain growth in years to come.

Exports by Country

Kazakhstan represented the major exporting country with an export of about X tons, which recorded 84% of total exports. It was distantly followed by Uzbekistan (X tons), mixing up a 15% share of total exports.

Exports from Kazakhstan increased at an average annual rate of +2.8% from 2012 to 2021. At the same time, Uzbekistan (+51.3%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing exporter exported in Central Asia, with a CAGR of +51.3% from 2012-2021. While the share of Uzbekistan (+14 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Kazakhstan (-13.8 p.p.) displayed negative dynamics.

In value terms, Kazakhstan ($X) remains the largest unwrought silver supplier in Central Asia, comprising 84% of total exports. The second position in the ranking was taken by Uzbekistan ($X), with a 15% share of total exports.

In Kazakhstan, unwrought silver exports remained relatively stable over the period from 2012-2021.

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2021, surging by 40% against the previous year. In general, the export price, however, continues to indicate a slight descent. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while Uzbekistan amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uzbekistan (-0.5%).

Unwrought Silver Imports

Imports in Central Asia

In 2021, approx. X tons of silver, unwrought or in powder form were imported in Central Asia; growing by 35% compared with 2020. Over the period under review, imports posted a significant expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 2,748%. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports remained at a lower figure.

In value terms, unwrought silver imports surged to $X in 2021. In general, imports showed a significant expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 2,537% against the previous year. The level of import peaked in 2021 and is expected to retain growth in years to come.

Imports by Country

Uzbekistan prevails in imports structure, amounting to X tons, which was near 96% of total imports in 2021. Kazakhstan (X tons) took a relatively small share of total imports.

Uzbekistan was also the fastest-growing in terms of the silver, unwrought or in powder form imports, with a CAGR of +1,391.5% from 2012 to 2021. Kazakhstan (-8.7%) illustrated a downward trend over the same period. Uzbekistan (+96 p.p.) significantly strengthened its position in terms of the total imports, while Kazakhstan saw its share reduced by -95.3% from 2012 to 2021, respectively.

In value terms, Uzbekistan ($X) constitutes the largest market for imported silver, unwrought or in powder form in Central Asia, comprising 96% of total imports. The second position in the ranking was taken by Kazakhstan ($X), with a 3.5% share of total imports.

In Uzbekistan, unwrought silver imports expanded at an average annual rate of +4,668.5% over the period from 2012-2021.

Import Prices by Country

The import price in Central Asia stood at $X per ton in 2021, rising by 53% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Kazakhstan ($X per ton), while Uzbekistan stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uzbekistan (+219.7%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The countries with the highest volumes of unwrought silver consumption in 2021 were Mongolia, Uzbekistan and Kyrgyzstan, together comprising 99% of total consumption.
Kazakhstan remains the largest unwrought silver producing country in Central Asia, comprising approx. 86% of total volume. Moreover, unwrought silver production in Kazakhstan exceeded the figures recorded by the second-largest producer, Mongolia, more than tenfold.
In value terms, Kazakhstan remains the largest unwrought silver supplier in Central Asia, comprising 74% of total exports. The second position in the ranking was occupied by Uzbekistan, with a 25% share of total exports.
In value terms, Uzbekistan constitutes the largest market for imported silver, unwrought or in powder form in Central Asia, comprising 97% of total imports. The second position in the ranking was occupied by Kazakhstan, with a 1.7% share of total imports.
The unwrought silver export price in Central Asia stood at $605,211 per ton in 2021, surging by 5% against the previous year.
In 2021, the unwrought silver import price in Central Asia amounted to $769,670 per ton, picking up by 38% against the previous year.

This report provides an in-depth analysis of the unwrought silver market in Central Asia. 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)

Country coverage:

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Production in Central Asia, split by region and country
  • Trade (exports and imports) in Central Asia
  • 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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2024
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2024
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • Kazakhstan
    • Kyrgyzstan
    • Mongolia
    • Tajikistan
    • Turkmenistan
    • Uzbekistan

  12. LIST OF TABLES

    1. Key Findings In 2024
    2. Market Volume, In Physical Terms, 2012–2024
    3. Market Value, 2012–2024
    4. Per Capita Consumption, By Country, 2018–2024
    5. Production, In Physical Terms, By Country, 2012–2024
    6. Imports, In Physical Terms, By Country, 2012–2024
    7. Imports, In Value Terms, By Country, 2012–2024
    8. Import Prices, By Country Of Destination, 2012–2024
    9. Exports, In Physical Terms, By Country, 2012–2024
    10. Exports, In Value Terms, By Country, 2012–2024
    11. Export Prices, By Country Of Origin, 2012–2024

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2024
    2. Market Value, 2012–2024
    3. Consumption, By Country, 2024
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2024
    18. Production, In Value Terms, 2012–2024
    19. Production, By Country, 2024
    20. Production, In Physical Terms, By Country, 2012–2024
    21. Imports, In Physical Terms, 2012–2024
    22. Imports, In Value Terms, 2012–2024
    23. Imports, In Physical Terms, By Country, 2024
    24. Imports, In Physical Terms, By Country, 2012–2024
    25. Imports, In Value Terms, By Country, 2012–2024
    26. Import Prices, By Country, 2012–2024
    27. Exports, In Physical Terms, 2012–2024
    28. Exports, In Value Terms, 2012–2024
    29. Exports, In Physical Terms, By Country, 2024
    30. Exports, In Physical Terms, By Country, 2012–2024
    31. Exports, In Value Terms, By Country, 2012–2024
    32. Export Prices, 2012–2024

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