Chile: Semi-Manufactured Silver Market 2025

Semi-Manufactured Silver Market Size in Chile

The Chilean semi-manufactured silver market fell to $X in 2021, with a decrease of -9.1% against the previous year. Overall, consumption, however, posted perceptible growth. Over the period under review, the market attained the peak level at $X in 2020, and then reduced in the following year.

Semi-Manufactured Silver Production in Chile

In value terms, semi-manufactured silver production reduced to $X in 2021 estimated in export price. In general, production, however, continues to indicate a noticeable expansion. The most prominent rate of growth was recorded in 2017 with an increase of 53%. Over the period under review, production hit record highs at $X in 2020, and then declined in the following year.

Semi-Manufactured Silver Exports

Exports from Chile

In 2021, shipments abroad of silver in semi-manufactured forms increased by 37% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, exports, however, continue to indicate a pronounced slump. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, semi-manufactured silver exports soared to $X in 2021. Overall, exports, however, continue to indicate a drastic downturn. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Argentina (X tons) was the main destination for semi-manufactured silver exports from Chile, accounting for a 65% share of total exports. Moreover, semi-manufactured silver exports to Argentina exceeded the volume sent to the second major destination, Guatemala (X tons), fourfold.

From 2012 to 2021, the average annual growth rate of volume to Argentina stood at -1.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (+5.9% per year) and Ecuador (-3.6% per year).

In value terms, Argentina ($X) remains the key foreign market for silver in semi-manufactured forms exports from Chile, comprising 57% of total exports. The second position in the ranking was taken by Ecuador ($X), with a 21% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Argentina totaled -5.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ecuador (-4.9% per year) and Guatemala (+6.9% per year).

Export Prices by Country

In 2021, the average semi-manufactured silver export price amounted to $X per ton, jumping by 16% against the previous year. In general, the export price, however, continues to indicate a slight downturn. The pace of growth appeared the most rapid in 2018 an increase of 22%. The export price peaked 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 Ecuador ($X per ton), while the average price for exports to Argentina ($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 Uruguay (+11.4%), while the prices for the other major destinations experienced mixed trend patterns.

Semi-Manufactured Silver Imports

Imports into Chile

In 2021, overseas purchases of silver in semi-manufactured forms increased by 30% to X tons, rising for the second consecutive year after five years of decline. Overall, imports, however, saw a abrupt descent. The growth pace was the most rapid in 2020 with an increase of 161% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, semi-manufactured silver imports soared to $X in 2021. Over the period under review, imports showed a moderate expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States (X tons), Colombia (X tons) and China (X kg) were the main suppliers of semi-manufactured silver imports to Chile, with a combined 94% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +118.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Colombia ($X) constituted the largest supplier of silver in semi-manufactured forms to Chile, comprising 67% of total imports. The second position in the ranking was held by the United States ($X), with a 15% share of total imports. It was followed by China, with a 9.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Colombia stood at +44.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-13.8% per year) and China (+83.3% per year).

Import Prices by Country

The average semi-manufactured silver import price stood at $X per ton in 2021, picking up by 139% against the previous year. Over the period under review, the import price saw a strong increase. 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 supplying countries. In 2021, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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