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Report Southern Asia - Silver Including Silver Plated With Gold or Platinum - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

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

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Southern Asia: Silver Market 2024

Silver Market Size in Southern Asia

The South Asian silver market fell to $X in 2021, shrinking by -12.7% against the previous year. In general, consumption showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X, and then dropped in the following year.

Silver Production in Southern Asia

In value terms, silver production contracted markedly to $X in 2021 estimated in export price. Overall, production saw a slight reduction. The most prominent rate of growth was recorded in 2020 when the production volume increased by 72% against the previous year. As a result, production reached the peak level of $X, and then contracted notably in the following year.

Silver Exports

Exports in Southern Asia

For the fourth year in a row, Southern Asia recorded growth in overseas shipments of silver including silver plated with gold or platinum, which increased by 92% to X tons in 2021. In general, exports posted a prominent increase. The growth pace was the most rapid in 2020 with an increase of 586% against the previous year. The volume of export peaked in 2021 and is expected to retain growth in years to come.

In value terms, silver exports surged to $X in 2021. Over the period under review, exports recorded a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 1,430%. The level of export peaked in 2021 and is likely to see steady growth in the immediate term.

Exports by Country

The biggest shipments were from India (X tons), together recording 100% of total export.

India was also the fastest-growing in terms of the silver including silver plated with gold or platinum exports, with a CAGR of +19.7% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest silver supplier in Southern Asia.

In India, silver exports expanded at an average annual rate of +25.7% over the period from 2012-2021.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2021, surging by 12% against the previous year. In general, the export price recorded resilient growth. The pace of growth was the most pronounced in 2020 an increase of 123%. Over the period under review, the export prices hit record highs in 2021 and is likely to see steady growth in the immediate term.

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

From 2012 to 2021, the rate of growth in terms of prices for India amounted to +5.0% per year.

Silver Imports

Imports in Southern Asia

In 2021, after two years of decline, there was significant growth in supplies from abroad of silver including silver plated with gold or platinum, when their volume increased by 34% to X tons. Overall, imports saw a moderate expansion. The pace of growth appeared the most rapid in 2013 when imports increased by 167% against the previous year. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, silver imports soared to $X in 2021. Over the period under review, imports recorded mild growth. The most prominent rate of growth was recorded in 2013 when imports increased by 119% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a lower figure.

Imports by Country

India dominates imports structure, accounting for X tons, which was near 91% of total imports in 2021. It was distantly followed by Nepal (X tons), constituting an 8.5% share of total imports.

Imports into India increased at an average annual rate of +2.7% from 2012 to 2021. At the same time, Nepal (+13.8%) displayed positive paces of growth. Moreover, Nepal emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +13.8% from 2012-2021. While the share of Nepal (+4.9 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of India (-4.8 p.p.) displayed negative dynamics.

In value terms, India ($X) constitutes the largest market for imported silver including silver plated with gold or platinum in Southern Asia, comprising 92% of total imports. The second position in the ranking was held by Nepal ($X), with an 8.3% share of total imports.

From 2012 to 2021, the average annual growth rate of value in India was relatively modest.

Import Prices by Country

In 2021, the import price in Southern Asia amounted to $X per ton, increasing by 38% against the previous year. Overall, the import price, however, saw a noticeable downturn. Over the period under review, import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was India ($X per ton), while Nepal amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Nepal (+2.5%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The countries with the highest volumes of silver consumption in 2020 were India, Pakistan and Afghanistan, with a combined 99% share of total consumption.
The countries with the highest volumes of silver production in 2020 were Pakistan, India and Afghanistan.
In value terms, India remains the largest silver supplier in Southern Asia.
In value terms, India constitutes the largest market for imported silver including silver plated with gold or platinum in Southern Asia, comprising 97% of total imports. The second position in the ranking was occupied by Nepal, with a 3.2% share of total imports.
The silver export price in Southern Asia stood at $634,971 per ton in 2020, surging by 107% against the previous year.
In 2020, the silver import price in Southern Asia amounted to $540,502 per ton, growing by 9.8% against the previous year.

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

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Production in Southern Asia, split by region and country
  • Trade (exports and imports) in Southern Asia
  • 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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • Afghanistan
    • Bangladesh
    • Bhutan
    • India
    • Maldives
    • Nepal
    • Pakistan
    • Sri Lanka

  12. 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, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023

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