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United Kingdom - Silver in Semi-Manufactured Forms - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSemi-Manufactured Silver Price in the UK - 2023
Contents:
- Semi-Manufactured Silver Price in the UK (CIF) - 2022
- Semi-Manufactured Silver Price in the UK (FOB) - 2022
- Semi-Manufactured Silver Imports in the UK
- Semi-Manufactured Silver Exports in the UK
Semi-Manufactured Silver Price in the UK (CIF) - 2022
The average semi-manufactured silver import price stood at $771,102 per ton in 2022, remaining stable against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average import price increased by 52% against the previous year. The import price peaked at $802,697 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($915,454 per ton), while the price for Italy ($417,078 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Semi-Manufactured Silver Price in the UK (FOB) - 2022
In 2022, the average semi-manufactured silver export price amounted to $692,094 per ton, falling by -9.7% against the previous year. Overall, the export price, however, enjoyed buoyant growth. The pace of growth appeared the most rapid in 2016 when the average export price increased by 77%. The export price peaked at $766,190 per ton in 2021, and then dropped in the following year.
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 Canada ($765,226 per ton), while the average price for exports to France ($391,651 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 Belgium (+8.7%), while the prices for the other major destinations experienced more modest paces of growth.
Semi-Manufactured Silver Imports in the UK
In 2022, approx. 676 tons of silver in semi-manufactured forms were imported into the UK; with a decrease of -47.6% on the previous year's figure. Overall, imports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 201%. As a result, imports attained the peak of 1.3K tons, and then reduced dramatically in the following year.
In value terms, semi-manufactured silver imports declined remarkably to $522M in 2022. In general, imports, however, saw a strong increase. The most prominent rate of growth was recorded in 2021 with an increase of 265% against the previous year. As a result, imports reached the peak of $982M, and then fell dramatically in the following year.
Import of Semi-Manufactured Silver in the UK (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Spain | 14.8 | 77.9 | 265 | 267 | 162.3% |
Germany | 43.4 | 71.6 | 87.0 | 102 | 33.0% |
Sweden | N/A | N/A | N/A | 62.4 | 0% |
Poland | 0.1 | 0.1 | 34.3 | 43.5 | 657.7% |
United Arab Emirates | N/A | N/A | N/A | 11.8 | 0% |
Finland | 16.6 | 22.9 | 33.7 | 10.5 | -14.2% |
United States | 8.7 | 3.3 | 13.7 | 9.5 | 3.0% |
Italy | 33.0 | 79.6 | 12.0 | 8.7 | -35.9% |
Australia | 71.2 | 0.2 | N/A | 1.6 | -71.8% |
Switzerland | 68.0 | 0.8 | 120 | 0.4 | -81.9% |
Canada | 36.2 | 0.1 | N/A | 0.1 | -86.0% |
Kazakhstan | 90.7 | N/A | N/A | N/A | 0% |
Uzbekistan | 29.7 | N/A | N/A | N/A | 0% |
Others | 14.0 | 12.5 | 416 | 4.3 | -32.5% |
Total | 426 | 269 | 982 | 522 | 7.0% |
Top Suppliers of Semi-Manufactured Silver to the UK in 2022:
- Spain (291.6 tons)
- Germany (145.7 tons)
- Sweden (90.0 tons)
- Poland (61.7 tons)
- Italy (20.9 tons)
- United States (17.7 tons)
- United Arab Emirates (16.0 tons)
- Finland (14.7 tons)
- Australia (2.3 tons)
- Switzerland (0.4 tons)
- Canada (0.3 tons)
Semi-Manufactured Silver Exports in the UK
In 2022, approx. 694 tons of silver in semi-manufactured forms were exported from the UK; rising by 25% against 2021. Overall, exports recorded significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 150%. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in the immediate term.
In value terms, semi-manufactured silver exports rose markedly to $480M in 2022. Over the period under review, exports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 206% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
Export of Semi-Manufactured Silver in the UK (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Canada | 0.4 | 120 | 19.6 | 180 | 666.3% |
India | 56.9 | 0.7 | 0.9 | 109 | 24.2% |
Turkey | N/A | 16.1 | N/A | 46.4 | 69.8% |
United States | 1.1 | 1.7 | 30.4 | 36.2 | 220.5% |
Germany | 10.6 | 33.2 | 89.4 | 36.0 | 50.3% |
Belgium | 0.2 | 2.4 | 31.8 | 31.3 | 438.9% |
Switzerland | 43.1 | 201 | 188 | 16.4 | -27.5% |
France | 9.6 | 13.7 | 13.8 | 14.5 | 14.7% |
Others | 7.7 | 7.7 | 51.2 | 10.0 | 9.1% |
Total | 130 | 396 | 425 | 480 | 54.6% |
Top Export Markets for Semi-Manufactured Silver from the UK in 2022:
- Canada (235.2 tons)
- India (160.6 tons)
- Turkey (63.6 tons)
- Germany (59.5 tons)
- United States (51.2 tons)
- Belgium (44.6 tons)
- France (37.1 tons)
- Switzerland (23.1 tons)
This report provides an in-depth analysis of the semi-manufactured silver market in the UK. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 24411050 - Silver, in semi-manufactured forms (including plated with gold or platinum) (excluding unwrought or in powder form)
Country coverage:
- United Kingdom
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the UK
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the semi-manufactured silver market in the UK.
This report provides an in-depth analysis of the silver market in the UK.
This report provides an in-depth analysis of the unwrought silver market in the UK.
This report provides an in-depth analysis of the global semi-manufactured silver market.
This report provides an in-depth analysis of the global silver market.
This report provides an in-depth analysis of the global unwrought silver market.
This report provides an in-depth analysis of the semi-manufactured silver market in the UK.
This report provides an in-depth analysis of the silver market in the UK.
This report provides an in-depth analysis of the unwrought silver market in the UK.
This report provides an in-depth analysis of the global semi-manufactured silver market.
As a result, Silver exports reached the peak of 12K tons, but then contracted rapidly in the following year. In value terms, Silver exports fell dramatically to $2.8B in 2023.
Silver exports peaked at 12K tons before experiencing a significant decline the following year. The value of silver exports also dropped dramatically to $2.8B in 2023.
In July 2022, the silver price amounted to $621 per kg (CIF, United Kingdom), declining by -11.2% against the previous month.
In May 2023, the price of unwrought silver in the United Kingdom, CIF, increased by 11% to $754K per ton compared to the previous month.
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