Report Update Nov 1, 2024

U.S. - Silver Ores and Concentrates - Market Analysis, Forecast, Size, Trends and Insights

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U.S.: Silver Ore Market 2024

Silver Ore Exports

Exports from the U.S.

In 2021, the amount of silver ores and concentrates exported from the United States shrank sharply to X tons, which is down by -75.7% compared with 2020 figures. In general, exports recorded a abrupt decrease. The pace of growth was the most pronounced in 2019 when exports increased by 362% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2021, the growth of the exports remained at a lower figure.

In value terms, silver ore exports dropped dramatically to $X in 2021. Over the period under review, exports recorded a sharp reduction. The most prominent rate of growth was recorded in 2019 when exports increased by 236% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Germany (X tons) was the main destination for silver ore exports from the United States, with a 62% share of total exports. Moreover, silver ore exports to Germany exceeded the volume sent to the second major destination, South Africa (X tons), threefold. The third position in this ranking was held by Japan (X kg), with an 8% share.

From 2012 to 2021, the average annual growth rate of volume to Germany totaled -16.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (+158.0% per year) and Japan (+45.9% per year).

In value terms, South Africa ($X) emerged as the key foreign market for silver ore exports from the United States, comprising 65% of total exports. The second position in the ranking was held by Germany ($X), with a 24% share of total exports. It was followed by Japan, with a 6.9% share.

From 2012 to 2021, the average annual growth rate of value to South Africa totaled +129.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-28.4% per year) and Japan (+37.4% per year).

Export Prices by Country

The average silver ore export price stood at $X per kg in 2021, increasing by 107% against the previous year. In general, the export price, however, showed a perceptible setback. The export price peaked at $X per kg in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was South Africa ($X per kg), while the average price for exports to Canada ($X per kg) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (-4.5%), while the prices for the other major destinations experienced a decline.

Silver Ore Imports

Imports into the U.S.

In 2021, silver ore imports into the United States stood at X kg, almost unchanged from the year before. In general, imports saw a precipitous setback. The most prominent rate of growth was recorded in 2017 when imports increased by 35,077% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, silver ore imports amounted to $X in 2021. Over the period under review, imports recorded a sharp downturn. The growth pace was the most rapid in 2017 when imports increased by 15,613% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

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

From 2012 to 2021, the average annual rate of growth in terms of volume from Taiwan (Chinese) was relatively modest.

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

From 2012 to 2021, the average annual rate of growth in terms of value from Taiwan (Chinese) was relatively modest.

Import Prices by Country

The average silver ore import price stood at $X per ton in 2021, standing approx. at the previous year. Overall, the import price saw a dramatic contraction. The pace of growth appeared the most rapid in 2018 an increase of 159%. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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 Canada amounted to -8.8% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

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

China remains the largest silver ore consuming country worldwide, comprising approx. 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 remains the largest silver ore producing country worldwide, 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 the U.S.?

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

What are the leading importers of silver ores and concentrates from the U.S.?

In value terms, South Africa emerged as the key foreign market for silver ore exports from the United States, comprising 66% of total exports. The second position in the ranking was occupied by Germany, with a 24% share of total exports.

What is the average export price for silver ores and concentrates in the U.S.?

The average silver ore export price stood at $441 per kg in 2021, falling by -33.9% against the previous year.

What is the average import price for silver ores and concentrates in the U.S.?

In 2021, the average silver ore import price amounted to $101,993 per ton, remaining relatively unchanged against the previous year.

This report provides an in-depth analysis of the silver ore market in the U.S.. 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:

United States

Data coverage:

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