Report Update Nov 1, 2024

Iran - Silver Including Silver Plated With Gold or Platinum - Market Analysis, Forecast, Size, Trends and Insights

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Iran: Silver Market 2024

Silver Market Size in Iran

In 2021, the Iranian silver market decreased by -28.7% to $X, falling for the third consecutive year after two years of growth. Over the period under review, consumption faced a dramatic slump. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Silver Exports

Exports from Iran

For the ninth consecutive year, Iran recorded decline in overseas shipments of silver including silver plated with gold or platinum, which decreased by -31.6% to X kg in 2021. Over the period under review, exports saw a sharp downturn. The smallest decline of -10.8% was in 2017. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, silver exports fell significantly to $X in 2021. Overall, exports recorded a dramatic descent. The smallest decline of -34.5% was in 2019. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X kg) was the main destination for silver exports from Iran, with a 85% share of total exports. Moreover, silver exports to the United Arab Emirates exceeded the volume sent to the second major destination, Oman (X kg), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United Arab Emirates totaled -41.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (-50.4% per year) and Canada (0.0% per year).

In value terms, Oman ($X) remains the key foreign market for silver including silver plated with gold or platinum exports from Iran, comprising 79% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 20% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Oman totaled -26.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-48.5% per year) and Canada (-46.0% per year).

Export Prices by Country

The average silver export price stood at $X per ton in 2021, which is down by -5.7% against the previous year. Over the period under review, the export price, however, recorded temperate growth. The pace of growth appeared the most rapid in 2020 an increase of 54% against the previous year. As a result, the export price attained the peak level of $X per ton, and then dropped in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Oman ($X per ton), while the average price for exports to Canada ($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 Oman (+42.7%), while the prices for the other major destinations experienced a decline.

Silver Imports

Imports into Iran

In 2021, supplies from abroad of silver including silver plated with gold or platinum decreased by -20.8% to X kg, falling for the third consecutive year after two years of growth. Over the period under review, imports showed a significant decline. The most prominent rate of growth was recorded in 2018 when imports increased by 183%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, silver imports fell dramatically to $X in 2021. Overall, imports saw a sharp descent. The most prominent rate of growth was recorded in 2018 when imports increased by 175%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

India (X kg), France (X kg) and Austria (X kg) were the main suppliers of silver imports to Iran, with a combined 56% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Austria (with a CAGR of +27.1%), while purchases for the other leaders experienced a decline.

In value terms, the largest silver suppliers to Iran were India ($X), the United Arab Emirates ($X) and China ($X), with a combined 67% share of total imports. France, the UK, Turkey, Italy, Austria and South Korea lagged somewhat behind, together accounting for a further 24%.

Austria, with a CAGR of +20.1%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average silver import price amounted to $X per ton, which is down by -15.1% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the average import price increased by 50%. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

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 South Korea ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for silver including silver plated with gold or platinum in the world?

The countries with the highest volumes of silver consumption in 2020 were China, the United States and Canada, together accounting for 29% of global consumption.

What are the largest producers of silver including silver plated with gold or platinum in the world?

The country with the largest volume of silver production was China, comprising approx. 19% of total volume. Moreover, silver production in China exceeded the figures recorded by the second-largest producer, Japan, twofold. Mexico ranked third in terms of total production with a 5.9% share.

What are the leading suppliers of silver including silver plated with gold or platinum to Iran?

In value terms, India constituted the largest supplier of silver to Iran, comprising 51% of total imports. The second position in the ranking was occupied by the UK, with a 12% share of total imports. It was followed by the United Arab Emirates, with a 9.4% share.

What is the average export price for silver including silver plated with gold or platinum in Iran?

The average silver export price stood at $436,182 per ton in 2020, approximately mirroring the previous year.

What is the average import price for silver including silver plated with gold or platinum in Iran?

The average silver import price stood at $439,269 per ton in 2020, picking up by 9.8% against the previous year.

This report provides an in-depth analysis of the silver market in Iran. 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)
Prodcom 24411050 - Silver, in semi-manufactured forms (including plated with gold or platinum) (excluding unwrought or in powder form)

Country coverage:

Iran

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Iran
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:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
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. 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. 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. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
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. 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. 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. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023