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Philippines - Silver, Unwrought Or In Powder Form - Market Analysis, Forecast, Size, Trends And Insights
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View PricingUnwrought Silver Price in the Philippines - 2023
Contents:
- Unwrought Silver Price in the Philippines (FOB) - 2021
- Unwrought Silver Price in the Philippines (CIF) - 2022
- Unwrought Silver Exports in the Philippines
- Unwrought Silver Imports in the Philippines
Unwrought Silver Price in the Philippines (FOB) - 2021
In December 2021, the average unwrought silver export price amounted to $45.9M per ton, flattening at the previous month. Overall, the export price showed a significant expansion. Over the period under review, the average export prices reached the maximum in December 2021.
As there is only one major export destination, the average price level is determined by prices for Hong Kong SAR.
From January 2021 to December 2021, the rate of growth in terms of prices for Hong Kong SAR amounted to 0.0% per month.
Unwrought Silver Price in the Philippines (CIF) - 2022
In 2022, the average unwrought silver import price amounted to $181,441 per ton, rising by 18% against the previous year. Over the period under review, the import price, however, faced a abrupt decrease. The pace of growth was the most pronounced in 2017 an increase of 42%. The import price peaked at $1,245,520 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 Taiwan (Chinese) ($1,611,345 per ton), while the price for Thailand ($62,339 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+41.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Unwrought Silver Exports in the Philippines
After three years of growth, overseas shipments of silver, unwrought or in powder form decreased by -24.2% to 21 tons in 2022. Overall, exports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 60%.
In value terms, unwrought silver exports declined significantly to $17M in 2022. In general, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 128%. As a result, the exports reached the peak of $23M, and then dropped rapidly in the following year.
Export of Unwrought Silver in the Philippines (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Australia | N/A | N/A | 5.5 | 6.3 | 14.5% |
Taiwan (Chinese) | 2.7 | 6.1 | 5.3 | 6.0 | 30.5% |
Thailand | 0.1 | 1.2 | 1.6 | 1.8 | 162.1% |
South Korea | 1.0 | 1.2 | 1.0 | 1.2 | 6.3% |
Japan | 1.9 | 0.4 | 0.1 | 0.9 | -22.0% |
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 | 0.5 | 0.4 | 0.3 | 0.4 | -7.2% |
Total | 6.2 | 10.1 | 23.0 | 16.6 | 38.9% |
Top Export Markets for Unwrought Silver from the Philippines in 2022:
- Hong Kong SAR (undefined tons)
- Taiwan (Chinese) (10.1 tons)
- Australia (6.2 tons)
- South Korea (1.6 tons)
- Thailand (1.4 tons)
- Japan (1.3 tons)
Unwrought Silver Imports in the Philippines
For the third year in a row, the Philippines recorded decline in supplies from abroad of silver, unwrought or in powder form, which decreased by -24.7% to 5.7 tons in 2022. In general, imports showed a dramatic slump. The smallest decline of -16.1% was in 2020.
In value terms, unwrought silver imports contracted to $1M in 2022. Overall, imports faced a precipitous curtailment. The growth pace was the most rapid in 2020 when imports increased by 5.1% against the previous year. As a result, imports attained the peak of $4.3M. From 2021 to 2022, the growth of imports failed to regain momentum.
Import of Unwrought Silver in the Philippines (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Japan | 2,972 | 3,450 | 584 | 664 | -39.3% |
Taiwan (Chinese) | 1.3 | 81.8 | 218 | 140 | 375.8% |
South Korea | 4.3 | 67.1 | 81.2 | 134 | 214.7% |
Hong Kong SAR | 489 | 458 | 62.5 | 44.3 | -55.1% |
Thailand | 421 | 82.6 | 61.6 | 23.8 | -61.6% |
Vietnam | 180 | 158 | 142 | 23.5 | -49.3% |
Others | 50.9 | 30.1 | 23.2 | 12.4 | -37.5% |
Total | 4,119 | 4,327 | 1,173 | 1,042 | -36.8% |
Top Suppliers of Unwrought Silver to the Philippines in 2022:
- Japan (4563.0 kg)
- South Korea (503.0 kg)
- Thailand (381.0 kg)
- Hong Kong SAR (124.0 kg)
- Taiwan (Chinese) (87.0 kg)
- Vietnam (68.0 kg)
This report provides an in-depth analysis of the unwrought silver market in the Philippines. 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)
Country coverage:
- Philippines
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the Philippines
- 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 unwrought silver market in the Philippines.
This report provides an in-depth analysis of the silver market in the Philippines.
This report provides an in-depth analysis of the semi-manufactured silver market in the Philippines.
This report provides an in-depth analysis of the global unwrought silver market.
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 unwrought silver market in the Philippines.
This report provides an in-depth analysis of the silver market in the Philippines.
This report provides an in-depth analysis of the semi-manufactured silver market in the Philippines.
This report provides an in-depth analysis of the global unwrought silver market.
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.
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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...