Price for Silver Compounds; Excluding Silver Nitrates in Australia - 2023
Contents:
- Price for Silver Compounds; Excluding Silver Nitrates in Australia (CIF) - 2022
- Price for Silver Compounds; Excluding Silver Nitrates in Australia (FOB) - 2022
- Imports of Silver Compounds; Excluding Silver Nitrates in Australia
- Exports of Silver Compounds; Excluding Silver Nitrates in Australia
Price for Silver Compounds; Excluding Silver Nitrates in Australia (CIF) - 2022
In 2022, the average import price for silver compounds; excluding silver nitrateses amounted to $355,712 per ton, with an increase of 5.4% against the previous year. Over the period under review, the import price saw a prominent expansion. The pace of growth was the most pronounced in 2018 when the average import price increased by 99.9% against the previous year. The import price peaked at $508,597 per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($613,217 per ton), while the price for India ($143,694 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+74.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Silver Compounds; Excluding Silver Nitrates in Australia (FOB) - 2022
In 2022, the average export price for silver compounds; excluding silver nitrateses amounted to $368,971 per ton, picking up by 102% against the previous year. In general, the export price enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2015 when the average export price increased by 205%. Over the period under review, the average export prices hit record highs at $398,094 per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.
Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the Philippines ($297,123 per ton), while the average price for exports to New Zealand totaled $202,886 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Papua New Guinea (+48.9%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Silver Compounds; Excluding Silver Nitrates in Australia
In 2022, overseas purchases of silver compounds; excluding silver nitrateses decreased by -42.3% to 320 kg, falling for the second consecutive year after two years of growth. In general, imports, however, showed buoyant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 125%. As a result, imports reached the peak of 622 kg. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, silver compounds; excluding silver nitrates imports contracted remarkably to $114K in 2022. Over the period under review, imports showed a deep contraction. The most prominent rate of growth was recorded in 2020 when imports increased by 95% against the previous year. As a result, imports reached the peak of $274K. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Silver Compounds; Excluding Silver Nitrates in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 85.8 | 64.6 | 102 | 55.3 | -13.6% |
| Singapore | 2.8 | 3.4 | 18.4 | 19.5 | 91.0% |
| Japan | 1.9 | 2.8 | 18.4 | 15.9 | 103.0% |
| Netherlands | 11.2 | 11.2 | 18.1 | 11.7 | 1.5% |
| India | N/A | N/A | N/A | 3.9 | 0% |
| Taiwan (Chinese) | N/A | 79.3 | N/A | 2.8 | -81.2% |
| Switzerland | N/A | N/A | N/A | 1.7 | 0% |
| New Zealand | 25.9 | 98.2 | N/A | N/A | 279.2% |
| Others | 12.9 | 14.8 | 30.2 | 3.1 | -37.8% |
| Total | 141 | 274 | 187 | 114 | -6.8% |
Top Suppliers of Silver Compounds; Excluding Silver Nitrates to Australia in 2022:
- United States (191.0 kg)
- Singapore (35.0 kg)
- Netherlands (27.0 kg)
- India (27.0 kg)
- Japan (26.0 kg)
- Switzerland (8.0 kg)
- Taiwan (Chinese) (5.0 kg)
Exports of Silver Compounds; Excluding Silver Nitrates in Australia
In 2022, after three years of growth, there was significant decline in overseas shipments of silver compounds; excluding silver nitrateses, when their volume decreased by -80.4% to 21 kg. In general, exports showed a abrupt setback. The most prominent rate of growth was recorded in 2021 when exports increased by 123% against the previous year. As a result, the exports attained the peak of 107 kg, and then contracted rapidly in the following year.
In value terms, silver compounds; excluding silver nitrates exports contracted sharply to $7.6K in 2022. Over the period under review, exports continue to indicate a deep slump. The pace of growth was the most pronounced in 2021 when exports increased by 40% against the previous year. As a result, the exports attained the peak of $19K, and then contracted significantly in the following year.
| Export of Silver Compounds; Excluding Silver Nitrates in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Philippines | 5.7 | N/A | 10.1 | 5.9 | 1.2% |
| Tanzania | N/A | 3.7 | N/A | 1.6 | -34.2% |
| New Zealand | 7.1 | 0.9 | 1.7 | 0.1 | -75.9% |
| Senegal | N/A | N/A | 2.4 | N/A | 0% |
| Papua New Guinea | N/A | 4.9 | 4.0 | N/A | -18.4% |
| Taiwan (Chinese) | N/A | 4.5 | N/A | N/A | 0% |
| Others | N/A | N/A | 1.2 | N/A | 0% |
| Total | 12.7 | 13.9 | 19.4 | 7.6 | -15.7% |
Top Export Markets for Silver Compounds; Excluding Silver Nitrates from Australia in 2022:
- Philippines (20.0 kg)
- New Zealand (1.0 kg)
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