Report Update Feb 1, 2025

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

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Kazakhstan: Silver Market 2025

Silver Market Size in Kazakhstan

The Kazakh silver market reduced dramatically to $X in 2021, with a decrease of -99.5% against the previous year. In general, consumption continues to indicate a sharp decline. 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 Production in Kazakhstan

In value terms, silver production dropped sharply to $X in 2021 estimated in export price. In general, production saw a perceptible decrease. The growth pace was the most rapid in 2020 with an increase of 57%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Silver Exports

Exports from Kazakhstan

In 2021, the amount of silver including silver plated with gold or platinum exported from Kazakhstan soared to X tons, with an increase of 34% against 2020. Over the period under review, exports saw perceptible growth. The pace of growth was the most pronounced in 2015 when exports increased by 121%. The exports peaked in 2021 and are likely to see gradual growth in years to come.

In value terms, silver exports surged to $X in 2021. Overall, exports posted a slight increase. The pace of growth appeared the most rapid in 2020 when exports increased by 121% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

The UK (X tons) was the main destination for silver exports from Kazakhstan, accounting for a 92% share of total exports. Moreover, silver exports to the UK exceeded the volume sent to the second major destination, India (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to the UK amounted to +15.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (-19.4% per year) and Uzbekistan (-3.0% per year).

In value terms, the UK ($X) remains the key foreign market for silver including silver plated with gold or platinum exports from Kazakhstan, comprising 90% of total exports. The second position in the ranking was held by India ($X), with a 7.6% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the UK stood at +12.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+3.2% per year) and Uzbekistan (+10.7% per year).

Export Prices by Country

In 2021, the average silver export price amounted to $X per ton, growing by 35% against the previous year. In general, the export price, however, showed a noticeable slump. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to Uzbekistan ($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 India (+28.0%), while the prices for the other major destinations experienced mixed trend patterns.

Silver Imports

Imports into Kazakhstan

In 2021, supplies from abroad of silver including silver plated with gold or platinum was finally on the rise to reach X tons after two years of decline. In general, imports showed buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, silver imports surged to $X in 2021. Over the period under review, imports saw strong growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Russia (X tons) constituted the largest supplier of silver to Kazakhstan, with a 90% share of total imports. Moreover, silver imports from Russia exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X kg), ninefold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Russia stood at +10.9%.

In value terms, Russia ($X) constituted the largest supplier of silver including silver plated with gold or platinum to Kazakhstan, comprising 97% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a 0.4% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Russia stood at +10.0%.

Import Prices by Country

The average silver import price stood at $X per ton in 2021, rising by 46% against the previous year. Overall, the import price, however, saw a slight curtailment. The pace of growth was the most pronounced in 2018 when the average import price increased by 90% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Russia ($X per ton), while the price for the United Arab Emirates totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+9.1%), while the prices for the other major suppliers experienced a decline.

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, with a combined 29% share 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, accounting for 19% of total volume. Moreover, silver production in China exceeded the figures recorded by the second-largest producer, Japan, twofold. The third position in this ranking was occupied by Mexico, with a 5.9% share.

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

In value terms, Russia constituted the largest supplier of silver to Kazakhstan.

What are the leading importers of silver including silver plated with gold or platinum from Kazakhstan?

In value terms, the UK remains the key foreign market for silver exports from Kazakhstan, comprising 90% of total exports. The second position in the ranking was occupied by Switzerland, with a 4.4% share of total exports. It was followed by India, with a 3% share.

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

In 2020, the average silver export price amounted to $593,821 per ton, jumping by 34% against the previous year.

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

The average silver import price stood at $470,113 per ton in 2020, falling by -3.8% against the previous year.

This report provides an in-depth analysis of the silver market in Kazakhstan. 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:

Kazakhstan

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Kazakhstan
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 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
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 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
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, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024