Price for Metals; Silver, Unwrought, (But Not Powder) in Canada - 2024
Contents:
- Price for Metals; Silver, Unwrought, (But Not Powder) in Canada (CIF) - 2022
- Price for Metals; Silver, Unwrought, (But Not Powder) in Canada (FOB) - 2024
- Imports of Metals; Silver, Unwrought, (But Not Powder) in Canada
- Exports of Metals; Silver, Unwrought, (But Not Powder) in Canada
Price for Metals; Silver, Unwrought, (But Not Powder) in Canada (CIF) - 2022
The average import price for metals; silver, unwrought, (but not powder) stood at $745,350 per ton in 2022, reducing by -13.4% against the previous year. Overall, the import price showed a perceptible setback. The most prominent rate of growth was recorded in 2020 an increase of 46% against the previous year. The import price peaked at $1,079,908 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the United States ($855,006 per ton) and Peru ($771,488 per ton), while the price for Poland ($686,590 per ton) and Argentina ($689,048 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+31.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Metals; Silver, Unwrought, (But Not Powder) in Canada (FOB) - 2024
In January 2024, the average export price for metals; silver, unwrought, (but not powder) amounted to $752K per ton, which is down by -4.1% against the previous month. Overall, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in October 2023 an increase of 27% m-o-m. As a result, the export price reached the peak level of $962K per ton. From November 2023 to January 2024, the the average export prices remained at a lower figure.
Average prices varied noticeably for the major external markets. In January 2024, the country with the highest price was the United States ($755K per ton), while the average price for exports to Germany amounted to $683K per ton.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+0.1%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Metals; Silver, Unwrought, (But Not Powder) in Canada
In 2022, overseas purchases of metals; silver, unwrought, (but not powder) decreased by -27.7% to 2.5K tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, showed a significant increase. The pace of growth appeared the most rapid in 2020 when imports increased by 237% against the previous year.
In value terms, imports of metals; silver, unwrought, (but not powder) contracted dramatically to $1.9B in 2022. Over the period under review, imports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 393% against the previous year.
| Import of Metals; Silver, Unwrought, (But Not Powder) in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 35.1 | 36.7 | 359 | 295 | 103.3% |
| United States | 121 | 751 | 904 | 235 | 24.8% |
| Kazakhstan | N/A | 20.1 | 362 | 172 | 192.5% |
| South Korea | 45.6 | 152 | 88.5 | 167 | 54.1% |
| Poland | 8.8 | 237 | 202 | 151 | 157.9% |
| Argentina | 3.7 | 51.5 | 123 | 133 | 230.0% |
| Mexico | 55.0 | 66.8 | 105 | 123 | 30.8% |
| Sweden | N/A | N/A | N/A | 119 | 0% |
| United Kingdom | 104 | 362 | 460 | 111 | 2.2% |
| Bolivia | 1.0 | 75.5 | 140 | 102 | 367.2% |
| Others | 38.3 | 281 | 248 | 264 | 90.3% |
| Total | 413 | 2,034 | 2,991 | 1,872 | 65.5% |
Top Suppliers of Metals; Silver, Unwrought, (But Not Powder) to Canada in 2022:
- Taiwan (Chinese) (403.2 tons)
- United States (275.3 tons)
- Kazakhstan (229.5 tons)
- South Korea (227.9 tons)
- Poland (220.2 tons)
- Argentina (192.6 tons)
- Sweden (169.4 tons)
- Mexico (167.3 tons)
- Bolivia (145.2 tons)
- United Kingdom (143.6 tons)
Exports of Metals; Silver, Unwrought, (But Not Powder) in Canada
For the third consecutive year, Canada recorded decline in shipments abroad of metals; silver, unwrought, (but not powder), which decreased by -7.1% to 864 tons in 2022. Overall, exports faced a deep reduction.
In value terms, exports of metals; silver, unwrought, (but not powder) contracted rapidly to $628M in 2022. In general, exports recorded a perceptible curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 16% against the previous year. As a result, the exports reached the peak of $843M. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Metals; Silver, Unwrought, (But Not Powder) in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 659 | 824 | 747 | 613 | -2.4% |
| Germany | N/A | N/A | 5.3 | 15.2 | 186.8% |
| United Kingdom | 62.1 | 7.6 | N/A | N/A | -87.8% |
| Others | 5.6 | 11.3 | 1.1 | 0.7 | -50.0% |
| Total | 726 | 843 | 753 | 628 | -4.7% |
Top Export Markets for Metals; Silver, Unwrought, (But Not Powder) from Canada in 2022:
- United States (841.7 tons)
- Germany (21.1 tons)
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