Price for Silver Compounds; Excluding Silver Nitrates in Switzerland - 2023
Contents:
- Price for Silver Compounds; Excluding Silver Nitrates in Switzerland (CIF) - 2023
- Price for Silver Compounds; Excluding Silver Nitrates in Switzerland (FOB) - 2022
- Imports of Silver Compounds; Excluding Silver Nitrates in Switzerland
- Exports of Silver Compounds; Excluding Silver Nitrates in Switzerland
Price for Silver Compounds; Excluding Silver Nitrates in Switzerland (CIF) - 2023
In September 2023, the average import price for silver compounds; excluding silver nitrateses amounted to $363K per ton, reducing by -46.5% against the previous month. In general, the import price continues to indicate a slight descent. The most prominent rate of growth was recorded in August 2023 an increase of 166% month-to-month. The import price peaked at $694K per ton in April 2023; however, from May 2023 to September 2023, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In September 2023, the country with the highest price was the UK ($371K per ton), while the price for Germany ($359K per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Germany (+1.2%), while the prices for the other major suppliers experienced a decline.
Price for Silver Compounds; Excluding Silver Nitrates in Switzerland (FOB) - 2022
The average export price for silver compounds; excluding silver nitrateses stood at $430,831 per ton in 2022, falling by -38.6% against the previous year. Overall, the export price continues to indicate a deep setback. The pace of growth was the most pronounced in 2020 when the average export price increased by 38% against the previous year. Over the period under review, the average export prices attained the maximum at $766,428 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($1,168,417 per ton), while the average price for exports to Belgium ($233,065 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 the UK (+7.0%), while the prices for the other major destinations experienced a decline.
Imports of Silver Compounds; Excluding Silver Nitrates in Switzerland
In 2022, the amount of silver compounds; excluding silver nitrateses imported into Switzerland shrank to 25 tons, falling by -10.4% on the year before. In general, imports, however, saw prominent growth. The growth pace was the most rapid in 2021 with an increase of 110% against the previous year. As a result, imports reached the peak of 28 tons, and then contracted in the following year.
In value terms, silver compounds; excluding silver nitrates imports contracted dramatically to $17M in 2022. Overall, imports, however, posted a remarkable increase. The pace of growth was the most pronounced in 2021 with an increase of 96% against the previous year. As a result, imports reached the peak of $21M, and then reduced rapidly in the following year.
| Import of Silver Compounds; Excluding Silver Nitrates in Switzerland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 9.0 | 6.4 | 14.8 | 13.1 | 13.3% |
| Germany | 2.0 | 3.8 | 4.6 | 2.7 | 10.5% |
| Italy | 0.2 | 0.3 | 0.5 | 0.6 | 44.2% |
| France | 0.2 | N/A | 0.7 | 0.4 | 26.0% |
| Others | 0.4 | 0.1 | N/A | N/A | -75.0% |
| Total | 11.7 | 10.5 | 20.6 | 16.7 | 12.6% |
Top Suppliers of Silver Compounds; Excluding Silver Nitrates to Switzerland in 2022:
- United Kingdom (19.5 tons)
- Germany (3.7 tons)
- Italy (1.3 tons)
- France (0.8 tons)
Exports of Silver Compounds; Excluding Silver Nitrates in Switzerland
In 2022, the amount of silver compounds; excluding silver nitrateses exported from Switzerland surged to 3.4 tons, with an increase of 36% against 2021. In general, total exports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +15.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +53.1% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, silver compounds; excluding silver nitrates exports shrank notably to $1.5M in 2022. Over the period under review, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +13.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when exports increased by 67%.
| Export of Silver Compounds; Excluding Silver Nitrates in Switzerland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | N/A | 25.6 | N/A | 380 | 285.3% |
| United Kingdom | 0.1 | 982 | 823 | 330 | 1388.8% |
| France | 155 | 315 | 244 | 241 | 15.8% |
| Israel | 105 | 48.4 | 305 | 164 | 16.0% |
| Austria | 478 | 16.4 | 112 | 149 | -32.2% |
| Germany | 144 | 182 | 150 | 75.0 | -19.5% |
| United States | 51.1 | 43.4 | 78.7 | 70.3 | 11.2% |
| Others | 63.8 | 54.8 | 40.5 | 53.8 | -5.5% |
| Total | 999 | 1,668 | 1,753 | 1,463 | 13.6% |
Top Export Markets for Silver Compounds; Excluding Silver Nitrates from Switzerland in 2022:
- Belgium (1631.0 kg)
- France (486.0 kg)
- United Kingdom (451.0 kg)
- Austria (316.0 kg)
- Israel (280.0 kg)
- Germany (76.0 kg)
- United States (60.0 kg)
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