Price for Silver Compounds; Excluding Silver Nitrates in Indonesia - 2022

Contents:

  1. Price for Silver Compounds; Excluding Silver Nitrates in Indonesia (CIF) - 2022
  2. Price for Silver Compounds; Excluding Silver Nitrates in Indonesia (FOB) - 2022
  3. Imports of Silver Compounds; Excluding Silver Nitrates in Indonesia
  4. Exports of Silver Compounds; Excluding Silver Nitrates in Indonesia

Price for Silver Compounds; Excluding Silver Nitrates in Indonesia (CIF) - 2022

In 2022, the average import price for silver compounds; excluding silver nitrateses amounted to $21,354 per ton, waning by -13.8% against the previous year. In general, the import price showed a drastic downturn. The most prominent rate of growth was recorded in 2013 when the average import price increased by 46% against the previous year. As a result, import price attained the peak level of $251,129 per ton. From 2014 to 2022, the average 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 South Korea ($34,960 per ton), while the price for Japan ($7,797 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (-1.8%), while the prices for the other major suppliers experienced a decline.

Price for Silver Compounds; Excluding Silver Nitrates in Indonesia (FOB) - 2022

In 2022, the average export price for silver compounds; excluding silver nitrateses amounted to $2,648,277 per ton, with an increase of 291% against the previous year. Overall, the export price enjoyed a significant increase. The most prominent rate of growth was recorded in 2018 an increase of 388% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see steady growth in years to come.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Pakistan ($11,523,557 per ton), while the average price for exports to Myanmar ($1,368,288 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Myanmar (+42.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Silver Compounds; Excluding Silver Nitrates in Indonesia

In 2022, after three years of growth, there was significant decline in supplies from abroad of silver compounds; excluding silver nitrateses, when their volume decreased by -43.3% to 60 tons. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 46% against the previous year. As a result, imports attained the peak of 106 tons, and then reduced markedly in the following year.

In value terms, silver compounds; excluding silver nitrates imports declined significantly to $1.3M in 2022. Over the period under review, imports showed a abrupt decline. The pace of growth was the most pronounced in 2021 with an increase of 18% against the previous year. As a result, imports reached the peak of $2.6M, and then declined remarkably in the following year.

Import of Silver Compounds; Excluding Silver Nitrates in Indonesia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
South Korea1,4931,5231,646754-20.4%
India1752363712268.9%
Japan258182141100-27.1%
Germany13513213654.9-25.9%
Taiwan (Chinese)10.513.516.97.7-9.8%
China3.05.44.11.9-14.1%
Others80.813130913619.0%
Total2,1542,2222,6241,281-15.9%

Top Suppliers of Silver Compounds; Excluding Silver Nitrates to Indonesia in 2022:

  1. China (undefined tons)
  2. South Korea (21.6 tons)
  3. India (19.7 tons)
  4. Japan (12.8 tons)
  5. Germany (2.9 tons)
  6. Taiwan (Chinese) (0.9 tons)

Exports of Silver Compounds; Excluding Silver Nitrates in Indonesia

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 -76.9% to 27 kg. Overall, exports recorded a noticeable contraction. The pace of growth appeared the most rapid in 2020 with an increase of 232% against the previous year.

In value terms, silver compounds; excluding silver nitrates exports contracted to $71K in 2022. The total export value increased at an average annual rate of +1.9% over the period from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by 26% against the previous year. As a result, the exports reached the peak of $79K, and then reduced in the following year.

Export of Silver Compounds; Excluding Silver Nitrates in Indonesia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Japan32.829.038.839.96.7%
Pakistan34.518.917.823.0-12.6%
MyanmarN/A1.03.11.522.5%
ThailandN/AN/A2.3N/A0%
VietnamN/A2.612.8N/A392.3%
MalaysiaN/A8.44.7N/A-44.0%
United Arab EmiratesN/A2.0N/AN/A0%
OthersN/A1.1N/A6.8148.6%
Total67.363.079.471.21.9%

Top Export Markets for Silver Compounds; Excluding Silver Nitrates from Indonesia in 2022:

  1. Japan (24.0 kg)
  2. Pakistan (2.0 kg)
  3. Myanmar (1.0 kg)

Source: IndexBox Market Intelligence Platform

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Free Data: Silver compounds; excluding silver nitrates - Indonesia