Report Update Feb 1, 2025

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

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Mexico: Silver Market 2025

Silver Market Size in Mexico

The Mexican silver market fell sharply to $X in 2021, with a decrease of -48.3% against the previous year. Overall, consumption continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 3.2%. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Silver Production in Mexico

In value terms, silver production fell modestly to $X in 2021 estimated in export price. Overall, production continues to indicate a noticeable contraction. The pace of growth was the most pronounced in 2020 when the production volume increased by 8%. Silver production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Silver Exports

Exports from Mexico

In 2021, overseas shipments of silver including silver plated with gold or platinum increased by 21% to X tons, rising for the second year in a row after three years of decline. Overall, exports, however, continue to indicate a mild decrease. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, silver exports skyrocketed to $X in 2021. Over the period under review, exports, however, recorded a abrupt shrinkage. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for silver exports from Mexico, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States was relatively modest.

In value terms, the United States ($X) also remains the key foreign market for silver including silver plated with gold or platinum exports from Mexico.

From 2012 to 2021, the average annual growth rate of value to the United States amounted to -4.0%.

Export Prices by Country

The average silver export price stood at $X per ton in 2021, with a decrease of -2.7% against the previous year. Overall, the export price saw a noticeable reduction. The pace of growth was the most pronounced in 2019 when the average export price increased by 14%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to -4.0% per year.

Silver Imports

Imports into Mexico

For the third year in a row, Mexico recorded decline in supplies from abroad of silver including silver plated with gold or platinum, which decreased by -99.4% to X tons in 2021. Over the period under review, imports showed a sharp curtailment. The most prominent rate of growth was recorded in 2014 when imports increased by 5.6%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, silver imports surged to $X in 2021. In general, imports, however, enjoyed a tangible expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 57% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, the United States (X tons) constituted the largest supplier of silver to Mexico, accounting for a 80% share of total imports. Moreover, silver imports from the United States exceeded the figures recorded by the second-largest supplier, Canada (X kg), tenfold. The third position in this ranking was held by France (X kg), with a 7% share.

From 2012 to 2021, the average annual growth rate of volume from the United States stood at -51.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (-59.2% per year) and France (-42.9% per year).

In value terms, the United States ($X) constituted the largest supplier of silver including silver plated with gold or platinum to Mexico, comprising 90% of total imports. The second position in the ranking was taken by Japan ($X), with a 4.3% share of total imports. It was followed by Canada, with a 2.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States stood at +4.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+14.1% per year) and Canada (-11.2% per year).

Import Prices by Country

In 2021, the average silver import price amounted to $X per kg, increasing by 24,347% against the previous year. Overall, the import price saw significant growth. 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 Japan ($X per kg), while the price for China ($X per kg) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+117.6%), 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, 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?

China remains the largest silver producing country worldwide, comprising approx. 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 Mexico?

In value terms, the United States constituted the largest supplier of silver to Mexico, comprising 91% of total imports. The second position in the ranking was occupied by Canada, with a 3.1% share of total imports.

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

In value terms, the United States remains the key foreign market for silver exports from Mexico, comprising 95% of total exports. The second position in the ranking was occupied by Switzerland, with a 4.9% share of total exports.

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

The average silver export price stood at $686,195 per ton in 2020, with an increase of 15% against the previous year.

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

The average silver import price stood at $237,103 per ton in 2020, waning by -15.1% against the previous year.

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

Mexico

Data coverage:

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