Price for Metals; Silver, Unwrought, (But Not Powder) in Denmark - 2023
Contents:
- Price for Metals; Silver, Unwrought, (But Not Powder) in Denmark (CIF) - 2022
- Price for Metals; Silver, Unwrought, (But Not Powder) in Denmark (FOB) - 2022
- Imports of Metals; Silver, Unwrought, (But Not Powder) in Denmark
- Exports of Metals; Silver, Unwrought, (But Not Powder) in Denmark
Price for Metals; Silver, Unwrought, (But Not Powder) in Denmark (CIF) - 2022
The average import price for metals; silver, unwrought, (but not powder) stood at $756,960 per ton in 2022, growing by 14% against the previous year. Over the period under review, import price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for metals; silver, unwrought, (but not powder) increased by +108.5% against 2020 indices. The growth pace was the most rapid in 2021 when the average import price increased by 83% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($1,793,455 per ton), while the price for the UK ($606,500 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Estonia (+39.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Metals; Silver, Unwrought, (But Not Powder) in Denmark (FOB) - 2022
In 2022, the average export price for metals; silver, unwrought, (but not powder) amounted to $739,991 per ton, which is down by -6.6% against the previous year. Overall, the export price showed a mild reduction. The most prominent rate of growth was recorded in 2021 when the average export price increased by 66% against the previous year. The export price peaked at $898,742 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Norway ($855,868 per ton), while the average price for exports to the UK ($2,000 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 Spain (-1.5%), while the prices for the other major destinations experienced a decline.
Imports of Metals; Silver, Unwrought, (But Not Powder) in Denmark
In 2022, overseas purchases of metals; silver, unwrought, (but not powder) decreased by -13% to 3.1 tons, falling for the second consecutive year after two years of growth. Overall, imports, however, continue to indicate a strong increase. The pace of growth was the most pronounced in 2020 with an increase of 167% against the previous year. As a result, imports attained the peak of 5.1 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of metals; silver, unwrought, (but not powder) fell slightly to $2.4M in 2022. Over the period under review, imports, however, showed a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 67% against the previous year.
| Import of Metals; Silver, Unwrought, (But Not Powder) in Denmark (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 585 | 745 | 1,149 | 973 | 18.5% |
| Switzerland | 3.8 | 3.3 | 576 | 655 | 456.5% |
| Estonia | N/A | 0.2 | N/A | 221 | 3224.2% |
| Italy | 37.0 | 248 | 222 | 155 | 61.2% |
| United States | 13.7 | 26.5 | 86.5 | 118 | 105.0% |
| Norway | 46.0 | N/A | 125 | 108 | 32.9% |
| Sweden | N/A | 10.0 | 0.9 | 69.2 | 163.1% |
| United Kingdom | 404 | 721 | 224 | 1.2 | -85.6% |
| Others | 26.2 | 107 | 18.5 | 75.0 | 42.0% |
| Total | 1,115 | 1,861 | 2,402 | 2,375 | 28.7% |
Top Suppliers of Metals; Silver, Unwrought, (But Not Powder) to Denmark in 2022:
- Germany (1446.0 kg)
- Switzerland (831.0 kg)
- Estonia (309.0 kg)
- Italy (185.0 kg)
- Norway (128.0 kg)
- Sweden (88.0 kg)
- United States (66.0 kg)
- United Kingdom (2.0 kg)
Exports of Metals; Silver, Unwrought, (But Not Powder) in Denmark
In 2022, shipments abroad of metals; silver, unwrought, (but not powder) decreased by -44.6% to 1.9 tons, falling for the second year in a row after two years of growth. Overall, exports recorded a pronounced curtailment. The pace of growth appeared the most rapid in 2020 when exports increased by 66% against the previous year. As a result, the exports attained the peak of 3.7 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of metals; silver, unwrought, (but not powder) dropped significantly to $1.4M in 2022. Over the period under review, exports, however, continue to indicate a strong increase. The pace of growth appeared the most rapid in 2021 with an increase of 58%. As a result, the exports reached the peak of $2.8M, and then shrank remarkably in the following year.
| Export of Metals; Silver, Unwrought, (But Not Powder) in Denmark (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 447 | 1,083 | 1,446 | 776 | 20.2% |
| Norway | 693 | 628 | 1,313 | 610 | -4.2% |
| Mexico | N/A | N/A | N/A | 19.1 | 0% |
| Others | 39.1 | 39.8 | 8.2 | 25.5 | -13.3% |
| Total | 1,179 | 1,750 | 2,767 | 1,430 | 6.6% |
Top Export Markets for Metals; Silver, Unwrought, (But Not Powder) from Denmark in 2022:
- Germany (1137.0 kg)
- Norway (713.0 kg)
- Mexico (35.0 kg)
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