Thailand - Silver Including Silver Plated With Gold Or Platinum - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSilver Price in Thailand - 2023
Contents:
- Silver Price in Thailand (CIF) - 2022
- Silver Price in Thailand (FOB) - 2022
- Silver Imports in Thailand
- Silver Exports in Thailand
Silver Price in Thailand (CIF) - 2022
In 2022, the average silver import price amounted to $544,480 per ton, shrinking by -12.7% against the previous year. Over the period under review, the import price showed a perceptible setback. The pace of growth appeared the most rapid in 2021 an increase of 37%. Over the period under review, average import prices attained the peak figure at $772,366 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($809,019 per ton), while the price for Taiwan (Chinese) ($131,375 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+6.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Silver Price in Thailand (FOB) - 2022
In 2022, the average silver export price amounted to $829,188 per ton, increasing by 29% against the previous year. In general, the export price saw a buoyant increase. The pace of growth was the most pronounced in 2017 when the average export price increased by 55% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($19,228,092 per ton), while the average price for exports to India ($503,258 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 Indonesia (+46.5%), while the prices for the other major destinations experienced more modest paces of growth.
Silver Imports in Thailand
Silver imports into Thailand stood at 1.4K tons in 2022, rising by 9.5% compared with 2021 figures. The total import volume increased at an average annual rate of +7.5% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 12% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.
In value terms, silver imports dropped slightly to $770M in 2022. In general, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +15.7% 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 +54.9% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 54%. As a result, imports reached the peak of $805M, and then contracted modestly in the following year.
Import of Silver in Thailand (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 260 | 229 | 248 | 279 | 2.4% |
Germany | 56.0 | 24.7 | 85.8 | 138 | 35.1% |
Switzerland | 3.1 | N/A | 25.5 | 78.5 | 193.7% |
Japan | 16.2 | 17.2 | 28.4 | 56.2 | 51.4% |
South Korea | 101 | 53.2 | 60.5 | 30.9 | -32.6% |
Taiwan (Chinese) | 3.6 | 3.1 | 4.0 | 19.9 | 76.8% |
Italy | 2.4 | 2.6 | 2.6 | 14.3 | 81.3% |
Belgium | 36.6 | 90.5 | 124 | 7.4 | -41.3% |
Others | 17.9 | 104 | 226 | 146 | 101.3% |
Total | 497 | 524 | 805 | 770 | 15.7% |
Top Suppliers of Silver to Thailand in 2022:
- China (405.3 tons)
- Japan (265.6 tons)
- Germany (170.0 tons)
- Taiwan (Chinese) (151.3 tons)
- South Korea (144.4 tons)
- Switzerland (104.7 tons)
- Italy (75.4 tons)
- Belgium (10.2 tons)
Silver Exports in Thailand
In 2022, overseas shipments of silver including silver plated with gold or platinum decreased by -39.3% to 161 tons, falling for the second year in a row after two years of growth. In general, exports faced a drastic downturn. The pace of growth appeared the most rapid in 2020 with an increase of 23%. As a result, the exports attained the peak of 281 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, silver exports dropped notably to $134M in 2022. Overall, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +7.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 29% against the previous year.
Export of Silver in Thailand (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Switzerland | N/A | 0.7 | 56.4 | 62.0 | 841.1% |
India | 97.1 | 85.8 | 72.5 | 56.5 | -16.5% |
Vietnam | 4.1 | 3.5 | 1.4 | 2.4 | -16.3% |
Lao People's Democratic Republic | N/A | N/A | 19.0 | N/A | 0% |
Others | 6.2 | 48.8 | 21.6 | 12.7 | 27.0% |
Total | 107 | 139 | 171 | 134 | 7.8% |
Top Export Markets for Silver from Thailand in 2022:
- India (112.2 tons)
- Switzerland (45.8 tons)
- Vietnam (0.2 tons)
This report provides an in-depth analysis of the silver market in Thailand. 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 24411030 - Silver, unwrought or in powder form (including plated with gold or platinum)
- Prodcom 24411050 - Silver, in semi-manufactured forms (including plated with gold or platinum) (excluding unwrought or in powder form)
Country coverage:
- Thailand
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Thailand
- 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
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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 silver market in Thailand.
This report provides an in-depth analysis of the semi-manufactured silver market in Thailand.
This report provides an in-depth analysis of the unwrought silver market in Thailand.
This report provides an in-depth analysis of the global silver market.
This report provides an in-depth analysis of the global semi-manufactured silver market.
This report provides an in-depth analysis of the global unwrought silver market.
This report provides an in-depth analysis of the silver market in Thailand.
This report provides an in-depth analysis of the semi-manufactured silver market in Thailand.
This report provides an in-depth analysis of the unwrought silver market in Thailand.
This report provides an in-depth analysis of the global silver market.
Explore the top import markets for silver and the key statistics behind their import values. Learn about the leading countries in the global trade of silver and the factors driving their demand. Gain insights from the IndexBox market intelligence platform.
In 2016, approx. X tons of silver were imported worldwide- coming down by -X% against the previous year figure. In general, silver imports continue to indicate a moderate decline. The pace of gr...
In 2016, approx. X tons of silver were imported worldwide- coming down by -X% against the previous year figure. In general, silver imports continue to indicate a moderate decline. The pace of gr...
Explore the top import markets for semi-manufactured silver, including India, the United States, Canada, and the United Kingdom. Learn about their import values and the factors driving their demand for silver. Discover the potential of these markets for exporters and businesses.
Explore the world's best import markets for unwrought silver, including key statistics and factors driving demand. Learn about the top countries and their import values.
The global unwrought silver market revenue amounted to $20.1B in 2018, waning by -5.7% against the previous year....
Explore the top import markets for silver and the key statistics behind their import values. Learn about the leading countries in the global trade of silver and the factors driving their demand. Gain insights from the IndexBox market intelligence platform.
In 2016, approx. X tons of silver were imported worldwide- coming down by -X% against the previous year figure. In general, silver imports continue to indicate a moderate decline. The pace of gr...
In 2016, approx. X tons of silver were imported worldwide- coming down by -X% against the previous year figure. In general, silver imports continue to indicate a moderate decline. The pace of gr...
Explore the top import markets for semi-manufactured silver, including India, the United States, Canada, and the United Kingdom. Learn about their import values and the factors driving their demand for silver. Discover the potential of these markets for exporters and businesses.