Price for Metals; Silver, Unwrought, (But Not Powder) in Vietnam - 2022
Contents:
- Price for Metals; Silver, Unwrought, (But Not Powder) in Vietnam (CIF) - 2022
- Price for Metals; Silver, Unwrought, (But Not Powder) in Vietnam (FOB) - 2022
- Imports of Metals; Silver, Unwrought, (But Not Powder) in Vietnam
- Exports of Metals; Silver, Unwrought, (But Not Powder) in Vietnam
Price for Metals; Silver, Unwrought, (But Not Powder) in Vietnam (CIF) - 2022
In 2022, the average import price for metals; silver, unwrought, (but not powder) amounted to $684,884 per ton, with an increase of 15% against the previous year. Over the period under review, the import price continues to indicate moderate growth. The most prominent rate of growth was recorded in 2020 an increase of 69% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in years to come.
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 Germany ($957,956 per ton), while the price for Japan ($119,223 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Metals; Silver, Unwrought, (But Not Powder) in Vietnam (FOB) - 2022
The average export price for metals; silver, unwrought, (but not powder) stood at $818,308 per ton in 2022, therefore, remained relatively stable against the previous year. In general, the export price showed a mild curtailment. The growth pace was the most rapid in 2021 an increase of 32% against the previous year. Over the period under review, the average export prices reached the maximum at $1,003,556 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Germany.
From 2012 to 2022, the rate of growth in terms of prices for Canada amounted to +32.0% per year.
Imports of Metals; Silver, Unwrought, (But Not Powder) in Vietnam
In 2022, imports of metals; silver, unwrought, (but not powder) into Vietnam dropped to 19 tons, waning by -5.6% on the previous year. In general, imports saw a abrupt contraction. The smallest decline of -1.2% was in 2021.
In value terms, imports of metals; silver, unwrought, (but not powder) rose significantly to $13M in 2022. Overall, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +17.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +63.7% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 37%. Over the period under review, imports of attained the peak figure in 2022 and are likely to continue growth in years to come.
Import of Metals; Silver, Unwrought, (But Not Powder) in Vietnam (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
South Korea | 2.1 | 3.0 | 4.8 | 3.3 | 16.3% |
Hong Kong SAR | 0.1 | 0.9 | 0.6 | 2.6 | 196.2% |
Thailand | 1.3 | 1.1 | 1.2 | 2.3 | 20.9% |
Singapore | 1.1 | 0.5 | 1.2 | 1.4 | 8.4% |
Germany | 1.0 | 1.1 | 1.7 | 1.1 | 3.2% |
Italy | 0.4 | 0.3 | 0.4 | 0.8 | 26.0% |
United States | 0.3 | 0.3 | 0.5 | 0.6 | 26.0% |
Japan | 0.6 | 0.5 | 0.4 | 0.1 | -45.0% |
Others | 0.9 | 1.1 | 1.0 | 0.5 | -17.8% |
Total | 7.8 | 8.6 | 11.8 | 12.8 | 18.0% |
Top Suppliers of Metals; Silver, Unwrought, (But Not Powder) to Vietnam in 2022:
- South Korea (3.7 tons)
- Hong Kong SAR (3.5 tons)
- Thailand (2.8 tons)
- Italy (2.6 tons)
- Singapore (1.7 tons)
- United States (1.6 tons)
- Germany (1.2 tons)
- Japan (0.9 tons)
Exports of Metals; Silver, Unwrought, (But Not Powder) in Vietnam
In 2022, the amount of metals; silver, unwrought, (but not powder) exported from Vietnam skyrocketed to 1.5 tons, with an increase of 52% on 2021. Overall, exports enjoyed a significant increase. The growth pace was the most rapid in 2020 when exports increased by 183%. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in years to come.
In value terms, exports of metals; silver, unwrought, (but not powder) skyrocketed to $1.2M in 2022. Over the period under review, exports showed a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 242% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in years to come.
Export of Metals; Silver, Unwrought, (But Not Powder) in Vietnam (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 140 | 95.7 | 86.0 | 1,207 | 105.0% |
South Korea | 16.7 | 42.4 | N/A | N/A | 153.9% |
Canada | N/A | 400 | 714 | N/A | 78.5% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 157 | 538 | 800 | 1,207 | 97.4% |
Top Export Markets for Metals; Silver, Unwrought, (But Not Powder) from Vietnam in 2022:
- Germany (1.5 tons)
This report provides an in-depth analysis of the unwrought silver market in Vietnam.
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This report provides an in-depth analysis of the unwrought silver market in Vietnam.
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