Price for Metals; Silver, Unwrought, (But Not Powder) in the Philippines - 2023
Contents:
- Price for Metals; Silver, Unwrought, (But Not Powder) in the Philippines (FOB) - 2022
- Price for Metals; Silver, Unwrought, (But Not Powder) in the Philippines (CIF) - 2022
- Exports of Metals; Silver, Unwrought, (But Not Powder) in the Philippines
- Imports of Metals; Silver, Unwrought, (But Not Powder) in the Philippines
Price for Metals; Silver, Unwrought, (But Not Powder) in the Philippines (FOB) - 2022
The average export price for metals; silver, unwrought, (but not powder) stood at $487,293 per ton in 2022, dropping by -39.3% against the previous year. Over the period under review, the export price recorded a drastic downturn. The most prominent rate of growth was recorded in 2021 an increase of 52% against the previous year. Over the period under review, the average export prices attained the peak figure at $988,736 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Thailand ($1,052,561 per ton), while the average price for exports to Taiwan (Chinese) ($328,401 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 Thailand (+25.7%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Metals; Silver, Unwrought, (But Not Powder) in the Philippines (CIF) - 2022
The average import price for metals; silver, unwrought, (but not powder) stood at $249,827 per ton in 2022, which is down by -7.6% against the previous year. Over the period under review, the import price saw a abrupt contraction. The pace of growth appeared the most rapid in 2020 when the average import price increased by 65%. Over the period under review, average import prices reached the peak figure at $870,746 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($243,194 per ton), while the price for Singapore amounted to $189,153 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+77.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Metals; Silver, Unwrought, (But Not Powder) in the Philippines
In 2022, after three years of growth, there was significant decline in overseas shipments of metals; silver, unwrought, (but not powder), when their volume decreased by -30.5% to 19 tons. Overall, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 67% against the previous year.
In value terms, exports of metals; silver, unwrought, (but not powder) contracted remarkably to $9.4M in 2022. Over the period under review, exports, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of 137%. As a result, the exports reached the peak of $22M, and then reduced markedly in the following year.
| Export of Metals; Silver, Unwrought, (But Not Powder) in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 2.4 | 5.8 | 4.9 | 4.5 | 23.3% |
| Thailand | 0.1 | 1.2 | 1.6 | 2.9 | 207.2% |
| Australia | N/A | N/A | 5.5 | 0.9 | -83.6% |
| South Korea | 1.0 | 1.2 | 1.0 | 0.9 | -3.5% |
| Japan | 1.9 | 0.3 | 0.1 | 0.1 | -62.5% |
| Hong Kong SAR | N/A | 0.1 | 8.7 | N/A | 8600.0% |
| Switzerland | N/A | 0.7 | 0.5 | N/A | -28.6% |
| Others | 0.2 | 0.1 | 0.1 | 0.1 | -20.6% |
| Total | 5.5 | 9.4 | 22.4 | 9.4 | 19.6% |
Top Export Markets for Metals; Silver, Unwrought, (But Not Powder) from the Philippines in 2022:
- Taiwan (Chinese) (13.9 tons)
- Thailand (2.8 tons)
- South Korea (1.3 tons)
- Australia (1.2 tons)
- Japan (0.1 tons)
Imports of Metals; Silver, Unwrought, (But Not Powder) in the Philippines
Imports of metals; silver, unwrought, (but not powder) into the Philippines fell significantly to 1.6 tons in 2022, with a decrease of -24.3% compared with 2021. Overall, imports faced a sharp downturn.
In value terms, imports of metals; silver, unwrought, (but not powder) shrank dramatically to $391K in 2022. In general, imports continue to indicate a precipitous shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 1.4%. As a result, imports reached the peak of $4.2M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Metals; Silver, Unwrought, (But Not Powder) in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 2,963 | 3,448 | 383 | 363 | -50.3% |
| Singapore | 28.4 | 4.3 | 1.4 | 11.2 | -26.7% |
| Hong Kong SAR | 489 | 456 | 77.9 | N/A | -60.1% |
| Thailand | 421 | 82.6 | 82.6 | N/A | -55.7% |
| Vietnam | 180 | 158 | N/A | N/A | -12.2% |
| Others | 24.1 | 14.3 | 14.6 | 17.0 | -11.0% |
| Total | 4,105 | 4,162 | 559 | 391 | -54.3% |
Top Suppliers of Metals; Silver, Unwrought, (But Not Powder) to the Philippines in 2022:
- Japan (1494.0 kg)
- Singapore (59.0 kg)
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