South-Eastern Asia: Silver Nitrate Market 2024

Silver Nitrate Market Size in South-Eastern Asia

The Southeast Asian silver nitrate market soared to $X in 2021, jumping by 49% against the previous year. The total consumption indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +7.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +45.7% against 2016 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Silver Nitrate Production in South-Eastern Asia

In value terms, silver nitrate production dropped modestly to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a noticeable decline. The most prominent rate of growth was recorded in 2020 with an increase of 5.5%. The level of production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Silver Nitrate Exports

Exports in South-Eastern Asia

In 2021, the amount of silver nitrate exported in South-Eastern Asia soared to X tons, growing by 96% compared with the previous year. In general, exports, however, recorded a perceptible shrinkage. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, silver nitrate exports skyrocketed to $X in 2021. Over the period under review, exports, however, faced a abrupt slump. The most prominent rate of growth was recorded in 2020 when exports increased by 75%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Singapore dominates exports structure, amounting to X tons, which was approx. 90% of total exports in 2021. It was distantly followed by Malaysia (X kg), committing a 9.6% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to silver nitrate exports from Singapore stood at -4.9%. At the same time, Malaysia (+9.4%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +9.4% from 2012-2021. Malaysia (+6.7 p.p.) significantly strengthened its position in terms of the total exports, while Singapore saw its share reduced by -6.6% from 2012 to 2021, respectively.

In value terms, Singapore ($X) remains the largest silver nitrate supplier in South-Eastern Asia, comprising 90% of total exports. The second position in the ranking was held by Malaysia ($X), with a 7.1% share of total exports.

In Singapore, silver nitrate exports decreased by an average annual rate of -20.2% over the period from 2012-2021.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2021, declining by -20.3% against the previous year. In general, the export price recorded a abrupt decline. The pace of growth appeared the most rapid in 2020 an increase of 75%. Over the period under review, the export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Malaysia stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+1.0%).

Silver Nitrate Imports

Imports in South-Eastern Asia

In 2021, approx. X tons of silver nitrate were imported in South-Eastern Asia; rising by 73% on the previous year's figure. Overall, imports showed a prominent expansion. The pace of growth was the most pronounced in 2016 when imports increased by 96% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in years to come.

In value terms, silver nitrate imports soared to $X in 2021. Over the period under review, imports continue to indicate a remarkable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Singapore (X tons), distantly followed by Malaysia (X tons), Thailand (X tons), Vietnam (X tons) and the Philippines (X tons) represented the key importers of silver nitrate, together generating 97% of total imports. Indonesia (X tons) took a relatively small share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Malaysia (with a CAGR of +22.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X) constitutes the largest market for imported silver nitrate in South-Eastern Asia, comprising 58% of total imports. The second position in the ranking was taken by Malaysia ($X), with a 17% share of total imports. It was followed by Vietnam, with an 8.5% share.

In Singapore, silver nitrate imports increased at an average annual rate of +35.0% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Malaysia (+24.0% per year) and Vietnam (+10.5% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2021, rising by 55% against the previous year. Over the period under review, the import price posted a buoyant expansion. The growth pace was the most rapid in 2017 an increase of 69% against the previous year. The level of import peaked in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Singapore ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+21.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :