Report Update Nov 1, 2024

Philippines - Silver Nitrate - Market Analysis, Forecast, Size, Trends and Insights

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Philippines: Silver Nitrate Market 2024

Silver Nitrate Market Size in the Philippines

After four years of growth, the Philippine silver nitrate market decreased by -5.2% to $X in 2021. In general, consumption, however, posted prominent growth. Over the period under review, the market hit record highs at $X in 2020, and then dropped in the following year.

Silver Nitrate Exports

Exports from the Philippines

In 2019, after two years of decline, there was decline in shipments abroad of silver nitrate, when their volume decreased by 0% to X kg. Overall, exports recorded a precipitous setback. The smallest decline of 99.9% was in 2017. The exports peaked at X kg in 2016; however, from 2017 to 2019, the exports stood at a somewhat lower figure.

In value terms, silver nitrate exports totaled $X in 2019. Over the period under review, exports showed a sharp decrease. The smallest decline of 99.9% was in 2017. The exports peaked at $X in 2016; however, from 2017 to 2019, the exports remained at a lower figure.

Exports by Country

Malaysia (X kg) was the main destination for silver nitrate exports from the Philippines, with a approx. 100% share of total exports.

From 2016 to 2019, the average annual growth rate of volume to Malaysia was relatively modest.

From 2016 to 2019, the average annual growth rate of value to Malaysia was relatively modest.

Export Prices by Country

In 2019, the average silver nitrate export price amounted to $X per ton, approximately mirroring the previous year. In general, the export price showed a significant curtailment. The most prominent rate of growth was recorded in 2017 when the average export price decreased by 99.9% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2016; however, from 2017 to 2019, the export prices stood at a somewhat lower figure.

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

From 2016 to 2019, the rate of growth in terms of prices for Malaysia amounted to 0.0% per year.

Silver Nitrate Imports

Imports into the Philippines

In 2021, after four years of growth, there was significant decline in overseas purchases of silver nitrate, when their volume decreased by -34.8% to X tons. In general, imports, however, continue to indicate resilient growth. The pace of growth was the most pronounced in 2015 with an increase of 5,267% against the previous year. Imports peaked at X tons in 2020, and then declined significantly in the following year.

In value terms, silver nitrate imports surged to $X in 2021. Over the period under review, imports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 6,204% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in the near future.

Imports by Country

In 2021, Germany (X tons) constituted the largest silver nitrate supplier to the Philippines, accounting for a 42% share of total imports. Moreover, silver nitrate imports from Germany exceeded the figures recorded by the second-largest supplier, India (X tons), twofold. The third position in this ranking was taken by the Netherlands (X kg), with a 16% share.

From 2012 to 2021, the average annual growth rate of volume from Germany amounted to +40.2%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+74.3% per year) and the Netherlands (0.0% per year).

In value terms, Germany ($X), the United States ($X) and Spain ($X) were the largest silver nitrate suppliers to the Philippines, with a combined 38% share of total imports. These countries were followed by the Netherlands, India, Japan and Australia, which together accounted for a further 10%.

Among the main suppliers, the Netherlands, with a CAGR of +137.3%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average silver nitrate import price stood at $X per ton in 2021, with an increase of 111% against the previous year. In general, the import price recorded a significant expansion. 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 origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Australia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+10.7%), 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 nitrate in the world?

The countries with the highest volumes of silver nitrate consumption in 2021 were the Netherlands, Germany and South Africa, together accounting for 41% of global consumption. France, the Czech Republic, Poland, Italy, Spain, Canada, Turkey, Brazil, India and Saudi Arabia lagged somewhat behind, together comprising a further 46%.

What are the largest producers of silver nitrate in the world?

The countries with the highest volumes of silver nitrate production in 2021 were the UK, Germany and Belgium, together accounting for 64% of global production. These countries were followed by South Africa, the United States, France, Italy and Brazil, which together accounted for a further 27%.

What are the leading suppliers of silver nitrate to the Philippines?

In value terms, Germany constituted the largest supplier of silver nitrate to the Philippines, comprising 98% of total imports. The second position in the ranking was occupied by the Netherlands $245), with a 0.4% share of total imports.

What is the average export price for silver nitrate in the Philippines?

The average silver nitrate export price stood at $132,332 per ton in 2019, remaining relatively unchanged against the previous year.

What is the average import price for silver nitrate in the Philippines?

In 2021, the average silver nitrate import price amounted to $154,463 per ton, dropping by -18.6% against the previous year.

This report provides an in-depth analysis of the silver nitrate market in the Philippines. 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 20135183 - Silver nitrate

Country coverage:

Philippines

Data coverage:

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