Price for Metals; Silver, Unwrought, (But Not Powder) in Australia - 2024
Contents:
- Price for Metals; Silver, Unwrought, (But Not Powder) in Australia (CIF) - 2022
- Price for Metals; Silver, Unwrought, (But Not Powder) in Australia (FOB) - 2022
- Imports of Metals; Silver, Unwrought, (But Not Powder) in Australia
- Exports of Metals; Silver, Unwrought, (But Not Powder) in Australia
Price for Metals; Silver, Unwrought, (But Not Powder) in Australia (CIF) - 2022
In 2022, the average import price for metals; silver, unwrought, (but not powder) amounted to $732,637 per ton, with a decrease of -11.4% against the previous year. In general, the import price, however, continues to indicate a resilient increase. The pace of growth was the most pronounced in 2017 an increase of 36%. The import price peaked at $826,504 per ton in 2021, and then declined in the following year.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the UK ($762,667 per ton) and China ($732,641 per ton), while the price for Switzerland ($731,727 per ton) and Indonesia ($732,549 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+41.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Metals; Silver, Unwrought, (But Not Powder) in Australia (FOB) - 2022
In 2022, the average export price for metals; silver, unwrought, (but not powder) amounted to $728,220 per ton, with a decrease of -11.4% against the previous year. Overall, the export price continues to indicate a slight shrinkage. The growth pace was the most rapid in 2021 when the average export price increased by 26% against the previous year. The export price peaked at $879,328 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Vietnam ($737,571 per ton) and Thailand ($731,758 per ton), while the average price for exports to the United States ($726,286 per ton) and New Zealand ($726,488 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+12.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Metals; Silver, Unwrought, (But Not Powder) in Australia
Imports of metals; silver, unwrought, (but not powder) into Australia surged to 776 tons in 2022, picking up by 164% compared with the year before. In general, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 773%. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in years to come.
In value terms, imports of metals; silver, unwrought, (but not powder) skyrocketed to $569M in 2022. Overall, imports continue to indicate a significant increase. The growth pace was the most rapid in 2020 when imports increased by 994% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Metals; Silver, Unwrought, (But Not Powder) in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | 19.9 | 210 | 26.2 | 221 | 123.1% |
| Poland | N/A | N/A | 63.5 | 169 | 166.1% |
| South Korea | N/A | N/A | 10.4 | 123 | 1082.7% |
| China | N/A | 6.1 | 36.4 | 28.0 | 114.2% |
| Germany | 0.1 | 0.1 | 0.1 | 13.9 | 418.0% |
| Indonesia | 3.2 | 21.0 | 10.3 | 2.4 | -9.1% |
| United Kingdom | 4.4 | 113 | 81.0 | N/A | 329.1% |
| Others | 5.3 | 8.6 | 15.1 | 10.5 | 25.6% |
| Total | 32.8 | 359 | 243 | 569 | 158.9% |
Top Suppliers of Metals; Silver, Unwrought, (But Not Powder) to Australia in 2022:
- Hong Kong SAR (301.7 tons)
- Poland (231.3 tons)
- South Korea (168.1 tons)
- China (38.3 tons)
- Germany (19.0 tons)
- Indonesia (3.3 tons)
Exports of Metals; Silver, Unwrought, (But Not Powder) in Australia
In 2022, approx. 624 kg of metals; silver, unwrought, (but not powder) were exported from Australia; which is down by -95.4% compared with 2021. Over the period under review, exports showed a precipitous slump. The growth pace was the most rapid in 2021 when exports increased by 52% against the previous year.
In value terms, exports of metals; silver, unwrought, (but not powder) dropped dramatically to $454K in 2022. In general, exports faced a dramatic contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 92% against the previous year.
| Export of Metals; Silver, Unwrought, (But Not Powder) in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | N/A | N/A | N/A | 0.3 | 0% |
| Hong Kong SAR | 12.9 | 4.6 | 1.3 | N/A | -68.3% |
| New Zealand | 0.4 | 0.8 | 0.3 | N/A | -13.4% |
| Thailand | 3.6 | N/A | N/A | N/A | 0% |
| Vietnam | N/A | N/A | N/A | N/A | 0% |
| United States | N/A | N/A | 9.5 | N/A | 0% |
| Ghana | N/A | N/A | N/A | N/A | 0% |
| Others | N/A | 0.4 | N/A | N/A | 0% |
| Total | 17.0 | 5.9 | 11.2 | 0.5 | -69.1% |
Top Export Markets for Metals; Silver, Unwrought, (But Not Powder) from Australia in 2022:
- Switzerland (437.0 kg)
- United States (49.0 kg)
- Vietnam (42.0 kg)
- New Zealand (41.0 kg)
- Thailand (33.0 kg)
- Ghana (13.0 kg)
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