Price for Metals; Silver, Unwrought, (But Not Powder) in Saudi Arabia - 2022
Contents:
- Price for Metals; Silver, Unwrought, (But Not Powder) in Saudi Arabia (FOB) - 2022
- Price for Metals; Silver, Unwrought, (But Not Powder) in Saudi Arabia (CIF) - 2022
- Exports of Metals; Silver, Unwrought, (But Not Powder) in Saudi Arabia
- Imports of Metals; Silver, Unwrought, (But Not Powder) in Saudi Arabia
Price for Metals; Silver, Unwrought, (But Not Powder) in Saudi Arabia (FOB) - 2022
In 2021, the average export price for metals; silver, unwrought, (but not powder) amounted to $791,103 per ton, picking up by 5.1% against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average export price increased by 71%. As a result, the export price reached the peak level of $1,267,949 per ton. From 2014 to 2021, the average export prices failed to regain momentum.
Average prices varied noticeably for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Switzerland ($827,555 per ton), while the average price for exports to the United Arab Emirates stood at $748,895 per ton.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (-3.2%).
Price for Metals; Silver, Unwrought, (But Not Powder) in Saudi Arabia (CIF) - 2022
In 2021, the average import price for metals; silver, unwrought, (but not powder) amounted to $906,987 per ton, growing by 9.4% against the previous year. Over the period under review, the import price, however, recorded a abrupt contraction. The most prominent rate of growth was recorded in 2014 an increase of 86%. As a result, import price reached the peak level of $2,298 per kg. From 2015 to 2021, the average import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United Arab Emirates ($921,619 per ton), while the price for Switzerland stood at $862,656 per ton.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Switzerland (+3.7%).
Exports of Metals; Silver, Unwrought, (But Not Powder) in Saudi Arabia
In 2022, shipments abroad of metals; silver, unwrought, (but not powder) decreased by -31.2% to 1.8 tons, falling for the second consecutive year after two years of growth. In general, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 304% against the previous year. As a result, the exports reached the peak of 4.1 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) skyrocketed to $2.7M in 2022. Overall, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 473% against the previous year. As a result, the exports attained the peak of $3.1M. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Metals; Silver, Unwrought, (But Not Powder) in Saudi Arabia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Switzerland | 0.5 | 1.3 | 1.2 | 54.9% | |
| United Arab Emirates | N/A | 1.8 | 0.9 | -50.0% | |
| Others | N/A | N/A | N/A | 0% | |
| Total | 0.5 | 3.1 | 2.1 | 104.9% | |
Top Export Markets for Metals; Silver, Unwrought, (But Not Powder) from Saudi Arabia in 2022:
- Switzerland (1.4 tons)
- United Arab Emirates (1.2 tons)
Imports of Metals; Silver, Unwrought, (But Not Powder) in Saudi Arabia
In 2021, imports of metals; silver, unwrought, (but not powder) into Saudi Arabia expanded sharply to 20 tons, growing by 7.2% against 2020 figures. Over the period under review, imports saw significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 280%. Over the period under review, imports of reached the maximum in 2021 and are likely to see steady growth in the near future.
In value terms, imports of metals; silver, unwrought, (but not powder) soared to $18M in 2021. Overall, imports saw significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 242% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.
| Import of Metals; Silver, Unwrought, (But Not Powder) in Saudi Arabia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| United Arab Emirates | 4.6 | 13.7 | 15.7 | 84.7% | |
| Switzerland | N/A | 1.9 | 2.7 | 42.1% | |
| Others | N/A | 0.1 | 0.1 | 0.0% | |
| Total | 4.6 | 15.7 | 18.5 | 100.5% | |
Top Suppliers of Metals; Silver, Unwrought, (But Not Powder) to Saudi Arabia in 2022:
- United Arab Emirates (17.1 tons)
- Switzerland (3.1 tons)
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