Pakistan: Semi-Manufactured Silver Market 2025

Semi-Manufactured Silver Market Size in Pakistan

The Pakistani semi-manufactured silver market declined to $X in 2021, with a decrease of -9.1% against the previous year. Overall, consumption, however, showed prominent growth. Over the period under review, the market reached the peak level at $X in 2020, and then declined in the following year.

Semi-Manufactured Silver Production in Pakistan

In value terms, semi-manufactured silver production shrank to $X in 2021 estimated in export price. In general, production, however, saw a resilient increase. The pace of growth was the most pronounced in 2017 with an increase of 69%. Over the period under review, production hit record highs at $X in 2020, and then reduced in the following year.

Semi-Manufactured Silver Exports

Exports from Pakistan

In 2021, overseas shipments of silver in semi-manufactured forms were finally on the rise to reach X kg for the first time since 2018, thus ending a two-year declining trend. In general, exports, however, faced a sharp setback. The most prominent rate of growth was recorded in 2013 when exports increased by 99% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, semi-manufactured silver exports rose sharply to $X in 2021. Overall, exports, however, showed a sharp downturn. The most prominent rate of growth was recorded in 2013 with an increase of 99% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Italy (X kg), the United States (X kg) and the United Arab Emirates (X kg) were the main destinations of semi-manufactured silver exports from Pakistan, together accounting for 98% of total exports. Thailand lagged somewhat behind, comprising a further 2.1%.

From 2012 to 2021, the biggest increases were recorded for Thailand (with a CAGR of 0.0%), while shipments for the other leaders experienced a decline.

In value terms, Italy ($X), the United Arab Emirates ($X) and the United States ($X) appeared to be the largest markets for semi-manufactured silver exported from Pakistan worldwide, together comprising 100% of total exports. These countries were followed by Thailand, which accounted for a further less than 0.1%.

Thailand, with a CAGR of 0.0%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average semi-manufactured silver export price stood at $X per ton in 2021, falling by -26.7% against the previous year. In general, the export price saw a slight decrease. The most prominent rate of growth was recorded in 2020 an increase of 24%. As a result, the export price reached the peak level of $X per ton, and then fell markedly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+7.3%), while the prices for the other major destinations experienced mixed trend patterns.

Semi-Manufactured Silver Imports

Imports into Pakistan

In 2021, purchases abroad of silver in semi-manufactured forms was finally on the rise to reach X kg for the first time since 2015, thus ending a five-year declining trend. Over the period under review, imports, however, continue to indicate a significant contraction. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, semi-manufactured silver imports skyrocketed to $X in 2021. In general, imports, however, recorded a sharp shrinkage. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

The United Arab Emirates (X kg), Italy (X kg) and the United States (X kg) were the main suppliers of semi-manufactured silver imports to Pakistan, with a combined 72% share of total imports. These countries were followed by Thailand, China, Taiwan (Chinese) and Poland, which together accounted for a further 26%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Thailand (with a CAGR of -11.0%), while imports for the other leaders experienced a decline.

In value terms, the largest semi-manufactured silver suppliers to Pakistan were China ($X), the United States ($X) and Italy ($X), with a combined 70% share of total imports. These countries were followed by the United Arab Emirates, Taiwan (Chinese), Thailand, Poland, Turkey and Germany, which together accounted for a further 19%.

Thailand, with a CAGR of +14.0%, saw 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 semi-manufactured silver import price amounted to $X per kg, increasing by 21% against the previous year. Overall, the import price posted a remarkable increase. The pace of growth appeared the most rapid in 2017 when the average import price increased by 84% against the previous year. As a result, import price reached the peak level of $X per kg. From 2018 to 2021, the average 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 China ($X per kg), while the price for Turkey ($X per kg) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+29.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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