Metals; Silver Powder Price in Hong Kong SAR - 2023
Contents:
- Metals; Silver Powder Price in Hong Kong SAR (CIF) - 2023
- Metals; Silver Powder Price in Hong Kong SAR (FOB) - 2023
- Metals; Silver Powder Imports in Hong Kong SAR
- Metals; Silver Powder Exports in Hong Kong SAR
Metals; Silver Powder Price in Hong Kong SAR (CIF) - 2023
The average metals; silver powder import price stood at $849K per ton in June 2023, rising by 2.9% against the previous month. Overall, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in February 2023 when the average import price increased by 136% month-to-month. The import price peaked at $858K per ton in July 2022; however, from August 2022 to June 2023, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In June 2023, the country with the highest price was China ($955K per ton), while the price for the United States stood at $803K per ton.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Malaysia (+122.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Metals; Silver Powder Price in Hong Kong SAR (FOB) - 2023
In June 2023, the average metals; silver powder export price amounted to $770K per ton, remaining stable against the previous month. Over the period under review, the export price, however, recorded a slight decline. The growth pace was the most rapid in March 2023 an increase of 30% against the previous month. The export price peaked at $877K per ton in June 2022; however, from July 2022 to June 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In June 2023, the country with the highest price was Japan ($955K per ton), while the average price for exports to Thailand ($257K per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+2.3%), while the prices for the other major destinations experienced more modest paces of growth.
Metals; Silver Powder Imports in Hong Kong SAR
Metals; silver powder imports into Hong Kong SAR contracted rapidly to 2.8 tons in 2022, waning by -94.4% against 2021. In general, imports showed a precipitous decrease. The smallest decline of -45.3% was in 2021.
In value terms, metals; silver powder imports contracted dramatically to $2.3M in 2022. Over the period under review, imports faced a sharp downturn. The smallest decline of -29.1% was in 2021.
| Import of Metals; Silver Powder in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1.1 | 5.1 | 3.2 | 1.7 | 15.6% |
| United States | 20.1 | 20.6 | 19.1 | 0.3 | -75.4% |
| Germany | N/A | 0.1 | 0.1 | 0.1 | 0.0% |
| Japan | 78.3 | 30.2 | 18.1 | 0.1 | -89.2% |
| Taiwan (Chinese) | 0.1 | 6.7 | 4.7 | N/A | 585.6% |
| Others | 0.1 | 1.1 | N/A | N/A | 1000.0% |
| Total | 99.8 | 63.8 | 45.2 | 2.3 | -71.5% |
Top Suppliers of Metals; Silver Powder to Hong Kong SAR in 2022:
- China (2067.0 kg)
- United States (431.0 kg)
- Germany (144.0 kg)
- Japan (121.0 kg)
Metals; Silver Powder Exports in Hong Kong SAR
In 2022, exports of metals; silver powder from Hong Kong SAR contracted notably to 5.8 tons, with a decrease of -87.7% on 2021 figures. Overall, exports recorded a precipitous decline. The smallest decline of -34.7% was in 2020.
In value terms, metals; silver powder exports dropped significantly to $4M in 2022. In general, exports saw a sharp curtailment. The smallest decline of -23.4% was in 2020.
| Export of Metals; Silver Powder in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 0.9 | 2.4 | 3.6 | 1.5 | 18.6% |
| Malaysia | N/A | N/A | N/A | 1.4 | 0% |
| Taiwan (Chinese) | N/A | 4.4 | N/A | 0.6 | -63.1% |
| China | 90.9 | 61.9 | 38.2 | 0.4 | -83.6% |
| Others | N/A | 1.6 | 1.2 | 0.1 | -75.0% |
| Total | 91.8 | 70.3 | 43.0 | 4.0 | -64.8% |
Top Export Markets for Metals; Silver Powder from Hong Kong SAR in 2022:
- Malaysia (2.5 tons)
- Japan (1.9 tons)
- Taiwan (Chinese) (0.8 tons)
- China (0.6 tons)
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