Price for Metals; Silver, Unwrought, (But Not Powder) in Chile - 2024
Contents:
- Price for Metals; Silver, Unwrought, (But Not Powder) in Chile (FOB) - 2024
- Price for Metals; Silver, Unwrought, (But Not Powder) in Chile (CIF) - 2024
- Exports of Metals; Silver, Unwrought, (But Not Powder) in Chile
- Imports of Metals; Silver, Unwrought, (But Not Powder) in Chile
Price for Metals; Silver, Unwrought, (But Not Powder) in Chile (FOB) - 2024
In January 2024, the average export price for metals; silver, unwrought, (but not powder) amounted to $752K per ton, rising by 2.8% against the previous month. Over the last three months, it increased at an average monthly rate of +1.6%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably for the major external markets. In January 2024, the country with the highest price was the United States ($769K per ton), while the average price for exports to Canada ($725K per ton) was amongst the lowest.
From October 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+1.5%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Metals; Silver, Unwrought, (But Not Powder) in Chile (CIF) - 2024
The average import price for metals; silver, unwrought, (but not powder) stood at $852K per ton in January 2024, increasing by 13% against the previous month. Overall, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, average import prices reached the peak figure at $872K per ton in February 2023; however, from March 2023 to January 2024, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In January 2024, the country with the highest price was the United States ($872K per ton), while the price for Peru totaled $757K per ton.
From February 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Colombia (+1.3%), while the prices for the other major suppliers experienced a decline.
Exports of Metals; Silver, Unwrought, (But Not Powder) in Chile
In 2022, approx. 564 tons of metals; silver, unwrought, (but not powder) were exported from Chile; growing by 9.8% on the previous year. The total export volume increased at an average annual rate of +7.8% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 26%. As a result, the exports attained the peak of 566 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of metals; silver, unwrought, (but not powder) contracted to $397M in 2022. In general, total exports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +20.4% 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 +74.4% against 2019 indices. The pace of growth appeared the most rapid in 2020 when exports increased by 54% against the previous year.
| Export of Metals; Silver, Unwrought, (But Not Powder) in Chile (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 142 | 210 | 269 | 227 | 16.9% |
| Switzerland | 73.1 | 129 | 131 | 140 | 24.2% |
| Canada | 2.4 | N/A | N/A | 29.3 | 130.3% |
| Others | 9.8 | 10.8 | 13.5 | 0.8 | -56.6% |
| Total | 228 | 350 | 414 | 397 | 20.3% |
Top Export Markets for Metals; Silver, Unwrought, (But Not Powder) from Chile in 2022:
- United States (322.2 tons)
- Switzerland (199.1 tons)
- Canada (41.9 tons)
Imports of Metals; Silver, Unwrought, (But Not Powder) in Chile
Imports of metals; silver, unwrought, (but not powder) into Chile dropped sharply to 6.7 tons in 2022, waning by -17.3% compared with 2021 figures. In general, imports continue to indicate a significant decrease. The most prominent rate of growth was recorded in 2021 with an increase of 0.3%.
In value terms, imports of metals; silver, unwrought, (but not powder) dropped to $4.9M in 2022. Overall, imports faced a precipitous slump. The most prominent rate of growth was recorded in 2021 with an increase of 22% against the previous year.
| Import of Metals; Silver, Unwrought, (But Not Powder) in Chile (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Peru | 2.6 | 1.8 | 3.2 | 3.6 | 11.5% |
| United States | 0.3 | 2.0 | 1.2 | 1.1 | 54.2% |
| Colombia | 0.8 | 0.4 | 0.6 | 0.2 | -37.0% |
| Argentina | 12.2 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 16.0 | 4.2 | 5.1 | 4.9 | -32.6% |
Top Suppliers of Metals; Silver, Unwrought, (But Not Powder) to Chile in 2022:
- Peru (4.9 tons)
- United States (1.4 tons)
- Colombia (0.4 tons)
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