Report Update Nov 1, 2024

Thailand - Silver Ores and Concentrates - Market Analysis, Forecast, Size, Trends and Insights

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Thailand: Silver Ore Market 2024

Silver Ore Market Size in Thailand

In 2021, after nine years of growth, there was significant decline in the Thai silver ore market, when its value decreased by -6.2% to $X. In general, consumption, however, showed resilient growth. Silver ore consumption peaked at $X in 2020, and then contracted in the following year.

Silver Ore Production in Thailand

In value terms, silver ore production declined slightly to $X in 2021 estimated in export price. Overall, production showed a deep setback. The growth pace was the most rapid in 2019 when the production volume increased by 0.7% against the previous year. Silver ore production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Silver Ore Exports

Exports from Thailand

In 2021, shipments abroad of silver ores and concentrates was finally on the rise to reach X kg for the first time since 2017, thus ending a three-year declining trend. Over the period under review, exports, however, continue to indicate a dramatic curtailment. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, silver ore exports amounted to $X in 2021. In general, exports, however, showed a precipitous decrease. The growth pace was the most rapid in 2020 when exports increased by 390% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Hong Kong SAR (X kg) was the main destination for silver ore exports from Thailand, with a approx. 98% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Hong Kong SAR stood at +41.6%.

In value terms, Hong Kong SAR ($X) also remains the key foreign market for silver ore exports from Thailand.

From 2012 to 2021, the average annual rate of growth in terms of value to Hong Kong SAR totaled +79.5%.

Export Prices by Country

In 2021, the average silver ore export price amounted to $X per ton, dropping by -90.3% against the previous year. Overall, the export price, however, saw a significant increase. The pace of growth was the most pronounced in 2019 when the average export price increased by 12,093%. The export price peaked at $X per ton in 2020, and then declined remarkably in the following year.

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

From 2012 to 2021, the rate of growth in terms of prices for Belgium amounted to +65.8% per year.

Silver Ore Imports

Imports into Thailand

In 2021, overseas purchases of silver ores and concentrates increased by 119% to X kg, rising for the second year in a row after two years of decline. Over the period under review, imports recorded a strong expansion. The most prominent rate of growth was recorded in 2020 with an increase of 169%. Over the period under review, imports attained the maximum in 2021 and are likely to continue growth in years to come.

In value terms, silver ore imports declined to $X in 2021. In general, imports, however, showed a dramatic descent. The growth pace was the most rapid in 2017 with an increase of 98%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Taiwan (Chinese) (X kg) was the main silver ore supplier to Thailand, accounting for a approx. 100% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from Taiwan (Chinese) stood at +8.1%.

In value terms, Taiwan (Chinese) ($X) constituted the largest supplier of silver ore to Thailand.

From 2012 to 2021, the average annual growth rate of value from Taiwan (Chinese) stood at -7.5%.

Import Prices by Country

In 2021, the average silver ore import price amounted to $X per ton, shrinking by -60.9% against the previous year. In general, the import price showed a precipitous contraction. The growth pace was the most rapid in 2016 an increase of 46%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Taiwan (Chinese).

From 2012 to 2021, the rate of growth in terms of prices for Taiwan (Chinese) amounted to -14.4% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for silver ores and concentrates in the world?

The country with the largest volume of silver ore consumption was China, accounting for 79% of total volume. Moreover, silver ore consumption in China exceeded the figures recorded by the second-largest consumer, Russia, more than tenfold. Peru ranked third in terms of total consumption with a 2.9% share.

What are the largest producers of silver ores and concentrates in the world?

Peru constituted the country with the largest volume of silver ore production, comprising approx. 46% of total volume. Moreover, silver ore production in Peru exceeded the figures recorded by the second-largest producer, Russia, threefold. The third position in this ranking was occupied by South Africa, with a 12% share.

What are the leading suppliers of silver ores and concentrates to Thailand?

In value terms, Taiwan Chinese) constituted the largest supplier of silver ore to Thailand.

What are the leading importers of silver ores and concentrates from Thailand?

In value terms, Hong Kong SAR remains the key foreign market for silver ore exports from Thailand.

What is the average export price for silver ores and concentrates in Thailand?

The average silver ore export price stood at $151 per ton in 2021, with a decrease of -17.2% against the previous year.

What is the average import price for silver ores and concentrates in Thailand?

The average silver ore import price stood at $405,815 per ton in 2021, flattening at the previous year.

This report provides an in-depth analysis of the silver ore market in Thailand. 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 07291410 -

Country coverage:

Thailand

Data coverage:

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