Price for Silver Compounds; Excluding Silver Nitrates in Turkey - 2023
Contents:
- Price for Silver Compounds; Excluding Silver Nitrates in Turkey (CIF) - 2022
- Price for Silver Compounds; Excluding Silver Nitrates in Turkey (FOB) - 2022
- Imports of Silver Compounds; Excluding Silver Nitrates in Turkey
- Exports of Silver Compounds; Excluding Silver Nitrates in Turkey
Price for Silver Compounds; Excluding Silver Nitrates in Turkey (CIF) - 2022
In 2022, the average import price for silver compounds; excluding silver nitrateses amounted to $288,105 per ton, declining by -25.1% against the previous year. In general, the import price continues to indicate a deep setback. The most prominent rate of growth was recorded in 2020 an increase of 87%. Over the period under review, average import prices attained the peak figure at $599,627 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was North Macedonia ($606,802 per ton), while the price for the Czech Republic ($23,848 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by North Macedonia (+5.2%), while the prices for the other major suppliers experienced a decline.
Price for Silver Compounds; Excluding Silver Nitrates in Turkey (FOB) - 2022
In 2022, the average export price for silver compounds; excluding silver nitrateses amounted to $482,850 per ton, with an increase of 9.9% against the previous year. In general, the export price saw strong growth. The most prominent rate of growth was recorded in 2016 when the average export price increased by 1,829% against the previous year. The export price peaked at $618,339 per ton in 2019; however, from 2020 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 China ($1,200,297 per ton), while the average price for exports to Iraq ($13,863 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 China (+21.2%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Silver Compounds; Excluding Silver Nitrates in Turkey
In 2022, silver compounds; excluding silver nitrates imports into Turkey surged to 3.3 tons, increasing by 18% on the previous year's figure. Over the period under review, imports, however, continue to indicate a drastic downturn.
In value terms, silver compounds; excluding silver nitrates imports reduced to $946K in 2022. The total import value increased at an average annual rate of +1.4% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 20% against the previous year. As a result, imports attained the peak of $1.1M, and then dropped in the following year.
| Import of Silver Compounds; Excluding Silver Nitrates in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 671 | 233 | 464 | 705 | 1.7% |
| Croatia | 12.5 | 422 | 346 | 76.1 | 82.6% |
| North Macedonia | 99.2 | 71.0 | 85.4 | 58.3 | -16.2% |
| Germany | 70.1 | 42.3 | 14.2 | 35.7 | -20.1% |
| Netherlands | 26.7 | 7.0 | 12.1 | 27.4 | 0.9% |
| Canada | N/A | 0.1 | 2.1 | 2.2 | 369.0% |
| Czech Republic | N/A | 0.4 | N/A | 1.6 | 100.0% |
| Others | 27.1 | 118 | 149 | 40.1 | 14.0% |
| Total | 907 | 894 | 1,073 | 946 | 1.4% |
Top Suppliers of Silver Compounds; Excluding Silver Nitrates to Turkey in 2022:
- India (1947.0 kg)
- Netherlands (704.0 kg)
- Croatia (175.0 kg)
- Germany (111.0 kg)
- North Macedonia (96.0 kg)
- Czech Republic (66.0 kg)
- Canada (61.0 kg)
Exports of Silver Compounds; Excluding Silver Nitrates in Turkey
In 2022, exports of silver compounds; excluding silver nitrateses from Turkey soared to 428 kg, picking up by 134% against the previous year's figure. Overall, exports enjoyed a significant expansion. 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 soared to $207K in 2022. In general, exports posted a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 841%. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Silver Compounds; Excluding Silver Nitrates in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 60.5 | N/A | 75.3 | 174 | 42.2% |
| Russia | N/A | N/A | N/A | 23.2 | 0% |
| Azerbaijan | N/A | N/A | 3.3 | 1.3 | -60.6% |
| Jordan | N/A | N/A | N/A | 1.3 | 0% |
| Iraq | N/A | 0.2 | N/A | 0.7 | 87.1% |
| Iran | 4.2 | 5.6 | 0.1 | 0.4 | -54.3% |
| Israel | N/A | N/A | N/A | 0.3 | 0% |
| Colombia | N/A | 0.6 | N/A | N/A | 0% |
| Austria | N/A | N/A | 0.2 | N/A | 0% |
| Lebanon | N/A | 0.7 | N/A | N/A | 0% |
| Czech Republic | N/A | N/A | 0.8 | N/A | 0% |
| Germany | 9.8 | N/A | N/A | N/A | 0% |
| Others | 2.1 | 1.5 | 0.7 | 5.3 | 36.2% |
| Total | 76.6 | 8.5 | 80.4 | 207 | 39.3% |
Top Export Markets for Silver Compounds; Excluding Silver Nitrates from Turkey in 2022:
- China (145.0 kg)
- Russia (134.0 kg)
- Iraq (53.0 kg)
- Jordan (34.0 kg)
- Azerbaijan (32.0 kg)
- Israel (12.0 kg)
- Iran (1.0 kg)
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