Eastern Asia: Semi-Manufactured Silver Market 2025

Semi-Manufactured Silver Market Size in Eastern Asia

The East Asian semi-manufactured silver market dropped dramatically to $X in 2021, waning by -19.6% against the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2020, and then fell rapidly in the following year.

Semi-Manufactured Silver Production in Eastern Asia

In value terms, semi-manufactured silver production fell slightly to $X in 2021 estimated in export price. Over the period under review, production, however, showed a abrupt downturn. The growth pace was the most rapid in 2016 when the production volume increased by 26%. The level of production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Semi-Manufactured Silver Exports

Exports in Eastern Asia

In 2021, shipments abroad of silver in semi-manufactured forms increased by 41% to X tons, rising for the second year in a row after three years of decline. Overall, exports, however, showed a deep slump. The volume of export 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 skyrocketed to $X in 2021. Over the period under review, exports, however, showed a abrupt setback. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, Japan (X tons) was the largest exporter of silver in semi-manufactured forms, constituting 61% of total exports. Taiwan (Chinese) (X tons) took the second position in the ranking, distantly followed by South Korea (X tons). All these countries together held near 34% share of total exports. Hong Kong SAR (X tons) held a minor share of total exports.

Exports from Japan decreased at an average annual rate of -2.9% from 2012 to 2021. South Korea experienced a relatively flat trend pattern. Taiwan (Chinese) (-13.2%) and Hong Kong SAR (-13.8%) illustrated a downward trend over the same period. While the share of Japan (+18 p.p.) and South Korea (+6.1 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Hong Kong SAR (-4.2 p.p.) and Taiwan (Chinese) (-20.2 p.p.) displayed negative dynamics.

In value terms, the largest semi-manufactured silver supplying countries in Eastern Asia were Japan ($X), Taiwan (Chinese) ($X) and South Korea ($X), together accounting for 97% of total exports.

Japan, with a CAGR of +0.3%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2021, rising by 17% against the previous year. Overall, the export price, however, recorded a perceptible setback. The most prominent rate of growth was recorded in 2017 when the export price increased by 34% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 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) ($X per ton), while Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+4.2%), while the other leaders experienced mixed trends in the export price figures.

Semi-Manufactured Silver Imports

Imports in Eastern Asia

In 2021, after two years of decline, there was growth in supplies from abroad of silver in semi-manufactured forms, when their volume increased by 1.2% to X tons. Overall, imports, however, continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2018 with an increase of 10% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, semi-manufactured silver imports skyrocketed to $X in 2021. In general, imports, however, showed a pronounced slump. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

The purchases of the three major importers of silver in semi-manufactured forms, namely Taiwan (Chinese), China and Hong Kong SAR, represented more than two-thirds of total import. Japan (X tons) held a 14% share (based on physical terms) of total imports, which put it in second place, followed by South Korea (9.1%).

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Taiwan (Chinese) (with a CAGR of +0.6%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, Taiwan (Chinese) ($X), China ($X) and South Korea ($X) were the countries with the highest levels of imports in 2021, with a combined 75% share of total imports.

South Korea, with a CAGR of +4.8%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2021, with an increase of 28% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.9%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was South Korea ($X per ton), while Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+7.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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