![Hong Kong SAR, China - Silver, Unwrought Or In Powder Form - Market Analysis, Forecast, Size, Trends And Insights](/landing/img/reports/hong-kong-sar-china-silver-unwrought-or-in-powder-form-market-analysis-forecast-size-trends-and-insights.webp)
Hong Kong SAR, China - Silver, Unwrought Or In Powder Form - Market Analysis, Forecast, Size, Trends And Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingHong Kong's Unwrought Silver Exports Jump 34%, Hitting $4.6B in 2023
Hong Kong Unwrought Silver Exports
In 2023, approx. 6.1K tons of silver, unwrought or in powder form were exported from Hong Kong; with an increase of 26% compared with the previous year's figure. In general, exports continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2017 when exports increased by 114%. The exports peaked at 8.1K tons in 2021; however, from 2022 to 2023, the exports remained at a lower figure.
In value terms, unwrought silver exports soared to $4.6B (IndexBox estimates) in 2023. Over the period under review, exports posted a buoyant increase. The pace of growth was the most pronounced in 2021 when exports increased by 123% against the previous year. As a result, the exports attained the peak of $6.7B. From 2022 to 2023, the growth of the exports remained at a lower figure.
COUNTRY | Export Value of Unwrought Silver in Hong Kong (million USD) | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
United Kingdom | 195 | 31.7 | N/A | 73.0 | 84.0 | N/A | N/A | 1,052 | 3,157 | 380 | 1,540 |
India | 1,001 | 1,591 | 609 | 541 | 1,867 | 1,402 | 932 | 540 | 984 | 1,618 | 815 |
Taiwan (Chinese) | 739 | 460 | 77.9 | 53.9 | 98.9 | 70.1 | 48.9 | 166 | 483 | 302 | 478 |
United States | 0.8 | 0.3 | 0.3 | 14.6 | 51.4 | 0.1 | 0.2 | 175 | 373 | 133 | 452 |
Switzerland | 35.7 | N/A | N/A | 58.6 | 14.5 | 7.9 | 12.0 | 117 | 461 | 71.0 | 327 |
Thailand | 105 | 186 | 180 | 161 | 217 | 169 | 194 | 210 | 332 | 225 | 212 |
Australia | 15.9 | 8.4 | 13.3 | 16.1 | 16.5 | 11.1 | 16.7 | 408 | 284 | 353 | 138 |
China | 122 | 94.0 | 151 | 183 | 271 | 232 | 135 | 132 | 117 | 46.2 | 92.8 |
Japan | 182 | 225 | 62.7 | 125 | 199 | 117 | 119 | 65.2 | 196 | 107 | 46.1 |
Others | 133 | 217 | 99.7 | 140 | 103 | 89.9 | 86.6 | 125 | 291 | 178 | 462 |
Total | 2,528 | 2,813 | 1,194 | 1,367 | 2,921 | 2,099 | 1,543 | 2,991 | 6,678 | 3,413 | 4,563 |
Exports by Country
the UK (2K tons), India (1.1K tons) and Taiwan (Chinese) (622 tons) were the main destinations of unwrought silver exports from Hong Kong, together accounting for 62% of total exports. the United States, Switzerland, Thailand, Australia, China and Japan lagged somewhat behind, together accounting for a further 28%.
From 2013 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +93.5%), while the other leaders experienced more modest paces of growth.
In value terms, the UK ($1.5B), India ($815M) and Taiwan (Chinese) ($478M) constituted the largest markets for unwrought silver exported from Hong Kong worldwide, with a combined 62% share of total exports. the United States, Switzerland, Thailand, Australia, China and Japan lagged somewhat behind, together comprising a further 28%.
Among the main countries of destination, the United States, with a CAGR of +87.5%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Exports by Type
Metals; silver, unwrought, (but not powder) (6.1K tons) was the largest type of silver, unwrought or in powder form exported from Hong Kong, accounting for a 100% share of total exports. It was followed by metals; silver powder (11 tons), with a 0.2% share of total exports.
From 2013 to 2023, the average annual rate of growth in terms of the volume of metals; silver, unwrought, (but not powder) exports amounted to +9.5%.
In value terms, metals; silver, unwrought, (but not powder) ($4.6B) remains the largest type of silver, unwrought or in powder form exported from Hong Kong, comprising 100% of total exports. The second position in the ranking was held by metals; silver powder ($6.3M), with a 0.1% share of total exports.
From 2013 to 2023, the average annual rate of growth in terms of the value of metals; silver, unwrought, (but not powder) exports amounted to +6.4%.
Export Prices by Country
In 2023, the unwrought silver price amounted to $746,817 per ton (FOB, Hong Kong), growing by 6.4% against the previous year. Over the period under review, the export price, however, continues to indicate a perceptible decrease. The pace of growth was the most pronounced in 2020 an increase of 37%. The export price peaked at $985,692 per ton in 2013; however, from 2014 to 2023, the export prices failed to regain momentum.
Average prices varied noticeably for the major external markets. In 2023, amid the top suppliers, the countries with the highest prices were Taiwan (Chinese) ($768,095 per ton) and Japan ($760,010 per ton), while the average price for exports to China ($718,571 per ton) and India ($722,789 per ton) were amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (-1.1%), while the prices for the other major destinations experienced a decline.
This report provides an in-depth analysis of the unwrought silver market in Hong Kong SAR, China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 24411030 - Silver, unwrought or in powder form (including plated with gold or platinum)
Country coverage:
- Hong Kong SAR
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Hong Kong SAR, China
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
-
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
-
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
-
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
-
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
-
LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023