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Report World - Silver, Unwrought or in Powder Form - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

World - Silver, Unwrought or in Powder Form - Market Analysis, Forecast, Size, Trends and Insights

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Global Unwrought Silver Market 2024

Unwrought Silver Market Size

The global unwrought silver market totaled $X in 2021, growing by 9.2% against the previous year. In general, consumption, however, continues to indicate a mild downturn. Over the period under review, the global market hit record highs at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Unwrought Silver Production

In value terms, unwrought silver production dropped to $X in 2021 estimated in export price. Over the period under review, production showed a noticeable setback. The pace of growth was the most pronounced in 2020 with an increase of 23%. Over the period under review, global production attained the peak level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Unwrought Silver Exports

Exports

In 2021, the amount of silver, unwrought or in powder form exported worldwide expanded sharply to X tons, rising by 13% compared with 2020. The total export volume increased at an average annual rate of +3.0% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 19%. Over the period under review, the global exports attained the maximum in 2021 and are expected to retain growth in the near future.

In value terms, unwrought silver exports skyrocketed to $X in 2021. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 55%. Over the period under review, the global exports reached the peak figure in 2021 and are expected to retain growth in years to come.

Exports by Country

In 2021, Hong Kong SAR (X tons), distantly followed by Japan (X tons), China (X tons), the UK (X tons), South Korea (X tons), Mexico (X tons), Switzerland (X tons) and the United States (X tons) represented the largest exporters of silver, unwrought or in powder form, together mixing up 74% of total exports. The following exporters - Germany (X tons), Poland (X tons), Kazakhstan (X tons), Canada (X tons) and Russia (X tons) - together made up 14% of total exports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +20.1%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, Hong Kong SAR ($X), China ($X) and the UK ($X) constituted the countries with the highest levels of exports in 2021, together comprising 42% of global exports.

In terms of the main exporting countries, China, with a CAGR of +17.1%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average unwrought silver export price amounted to $X per ton, growing by 26% against the previous year. In general, the export price, however, recorded a perceptible slump. The most prominent rate of growth was recorded in 2020 an increase of 30% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat 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 Mexico ($X per ton), while Japan ($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 United States (-1.0%), while the other global leaders experienced a decline in the export price figures.

Unwrought Silver Imports

Imports

In 2021, supplies from abroad of silver, unwrought or in powder form increased by 25% to X tons, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of +1.3% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, unwrought silver imports soared to $X in 2021. Overall, imports, however, showed a relatively flat trend pattern. Global imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The United States (X tons) and the UK (X tons) represented roughly 35% of total imports in 2021. China (X tons) held the next position in the ranking, followed by Canada (X tons), Hong Kong SAR (X tons) and Japan (X tons). All these countries together took approx. 35% share of total imports. The following importers - Taiwan (Chinese) (X tons), Switzerland (X tons), Germany (X tons), Turkey (X tons), Singapore (X tons) and Italy (X tons) - together made up 18% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Turkey (with a CAGR of +22.2%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the largest unwrought silver importing markets worldwide were the United States ($X), the UK ($X) and Canada ($X), with a combined 50% share of global imports. These countries were followed by Hong Kong SAR, Japan, China, Switzerland, Germany, Turkey, Taiwan (Chinese), Italy and Singapore, which together accounted for a further 40%.

Turkey, with a CAGR of +18.4%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average unwrought silver import price amounted to $X per ton, growing by 22% against the previous year. In general, the import price, however, continues to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2020 when the average import price increased by 24%. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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 Switzerland ($X per ton), while Singapore ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+5.7%), while the other global leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The countries with the highest volumes of unwrought silver consumption in 2021 were India, the United States and Mexico, with a combined 36% share of global consumption. These countries were followed by Peru, the UK, China, Germany, Australia, Argentina, Bolivia, Guatemala, Canada and Taiwan Chinese), which together accounted for a further 45%.
The countries with the highest volumes of unwrought silver production in 2021 were Mexico, Peru and China, together comprising 36% of global production. These countries were followed by Japan, South Korea, Hong Kong SAR, Germany, the UK, Poland, Argentina, Chile, Russia and Bolivia, which together accounted for a further 41%.
In value terms, the largest unwrought silver supplying countries worldwide were Hong Kong SAR, the UK and Mexico, together accounting for 35% of global exports.
In value terms, the United States, the UK and India constituted the countries with the highest levels of imports in 2021, together accounting for 53% of global imports. These countries were followed by Hong Kong SAR, Japan, Switzerland, China, Germany, Italy, Turkey, Canada and Taiwan Chinese), which together accounted for a further 38%.
In 2021, the average unwrought silver export price amounted to $693,907 per ton, increasing by 15% against the previous year.
The average unwrought silver import price stood at $705,958 per ton in 2021, increasing by 16% against the previous year.

This report provides an in-depth analysis of the global unwrought silver market. 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)

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

  • Global market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Global production, split by region and country
  • Global trade (exports and imports)
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Company coverage:

Industrias Penoles SAB de CV, Polymetal International PLC, Fresnillo PLC, Pan American Silver Corp., Wheaton Precious Metals Corp., Coeur Mining Inc., Buenaventura Mining Co. Inc., Hecla Mining Co., First Majestic Silver Corp., Fortuna Silver Mines Inc., Endeavour Silver, Silvercorp Metals, New Pacific Metals, Gatos Silver, Americas Gold and Silver Corp., Great Panther Mining, Avino Silver & Gold Mines, Silver One Resources, Codelco, Atacama Silver SpA

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. GLOBAL PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. GLOBAL 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. GLOBAL 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
    • United States
    • China
    • Japan
    • Germany
    • United Kingdom
    • France
    • Brazil
    • Italy
    • Russian Federation
    • India
    • Canada
    • Australia
    • Republic of Korea
    • Spain
    • Mexico
    • Indonesia
    • Netherlands
    • Turkey
    • Saudi Arabia
    • Switzerland
    • Sweden
    • Nigeria
    • Poland
    • Belgium
    • Argentina
    • Norway
    • Austria
    • Thailand
    • United Arab Emirates
    • Colombia
    • Denmark
    • South Africa
    • Malaysia
    • Israel
    • Singapore
    • Egypt
    • Philippines
    • Finland
    • Chile
    • Ireland
    • Pakistan
    • Greece
    • Portugal
    • Kazakhstan
    • Algeria
    • Czech Republic
    • Qatar
    • Peru
    • Romania
    • Vietnam

  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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