South-Eastern Asia: Semi-Manufactured Silver Market 2025

Semi-Manufactured Silver Market Size in South-Eastern Asia

The Southeast Asian semi-manufactured silver market was estimated at $X in 2021, picking up by 4.8% against the previous year. In general, consumption, however, recorded a buoyant increase. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Semi-Manufactured Silver Production in South-Eastern Asia

In value terms, semi-manufactured silver production dropped to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2014 when the production volume increased by 80%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Semi-Manufactured Silver Exports

Exports in South-Eastern Asia

For the fourth consecutive year, South-Eastern Asia recorded growth in shipments abroad of silver in semi-manufactured forms, which increased by 22% to X tons in 2021. Over the period under review, exports showed a strong expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 27%. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, semi-manufactured silver exports skyrocketed to $X in 2021. Overall, exports continue to indicate a moderate expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 67% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the near future.

Exports by Country

Thailand represented the largest exporting country with an export of around X tons, which accounted for 58% of total exports. It was distantly followed by Singapore (X tons), making up a 36% share of total exports. Indonesia (X tons) and Malaysia (X tons) took a relatively small share of total exports.

From 2012 to 2021, the biggest increases were recorded for Thailand (with a CAGR of +51.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X) remains the largest semi-manufactured silver supplier in South-Eastern Asia, comprising 75% of total exports. The second position in the ranking was taken by Singapore ($X), with a 19% share of total exports. It was followed by Indonesia, with a 3.1% share.

From 2012 to 2021, the average annual growth rate of value in Thailand totaled +64.9%. In the other countries, the average annual rates were as follows: Singapore (-11.5% per year) and Indonesia (-3.7% per year).

Export Prices by Country

In 2021, the export price in South-Eastern Asia amounted to $X per ton, jumping by 30% against the previous year. In general, the export price, however, recorded a perceptible descent. The pace of growth was the most pronounced in 2020 an increase of 34% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while Singapore ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+8.9%), while the other leaders experienced mixed trends in the export price figures.

Semi-Manufactured Silver Imports

Imports in South-Eastern Asia

In 2021, imports of silver in semi-manufactured forms in South-Eastern Asia expanded markedly to X tons, with an increase of 6.4% on 2020. Total imports indicated a measured increase from 2012 to 2021: its volume increased at an average annual rate of +3.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -25.0% against 2019 indices. The most prominent rate of growth was recorded in 2019 with an increase of 57% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2021, the growth of imports failed to regain momentum.

In value terms, semi-manufactured silver imports skyrocketed to $X in 2021. Overall, imports saw a noticeable expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Thailand (X tons) was the key importer of silver in semi-manufactured forms, comprising 46% of total imports. Malaysia (X tons) ranks second in terms of the total imports with a 26% share, followed by Singapore (17%) and Indonesia (9%). Vietnam (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Indonesia (with a CAGR of +11.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X) constitutes the largest market for imported silver in semi-manufactured forms in South-Eastern Asia, comprising 63% of total imports. The second position in the ranking was held by Singapore ($X), with a 21% share of total imports. It was followed by Malaysia, with a 12% share.

In Thailand, semi-manufactured silver imports increased at an average annual rate of +4.2% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Singapore (-0.8% per year) and Malaysia (+0.3% per year).

Import Prices by Country

In 2021, the import price in South-Eastern Asia amounted to $X per ton, jumping by 33% against the previous year. Overall, the import price, however, showed a slight descent. The growth pace was the most rapid in 2020 an increase of 95% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Thailand ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+1.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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