Price for Silver Compounds; Excluding Silver Nitrates in Luxembourg - 2023
Contents:
- Price for Silver Compounds; Excluding Silver Nitrates in Luxembourg (CIF) - 2022
- Price for Silver Compounds; Excluding Silver Nitrates in Luxembourg (FOB) - 2022
- Imports of Silver Compounds; Excluding Silver Nitrates in Luxembourg
- Exports of Silver Compounds; Excluding Silver Nitrates in Luxembourg
Price for Silver Compounds; Excluding Silver Nitrates in Luxembourg (CIF) - 2022
The average import price for silver compounds; excluding silver nitrateses stood at $100,359 per ton in 2022, falling by -91.9% against the previous year. Overall, the import price saw a deep downturn. The pace of growth appeared the most rapid in 2021 when the average import price increased by 929%. As a result, import price attained the peak level of $1,242,204 per ton, and then reduced remarkably in the following year.
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 ($238,393 per ton), while the price for Switzerland ($22,704 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+11.2%), while the prices for the other major suppliers experienced a decline.
Price for Silver Compounds; Excluding Silver Nitrates in Luxembourg (FOB) - 2022
The average export price for silver compounds; excluding silver nitrateses stood at $12,144 per ton in 2022, waning by -10.4% against the previous year. Overall, the export price recorded a sharp decline. The most prominent rate of growth was recorded in 2019 when the average export price increased by 22% against the previous year. The export price peaked at $128,448 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was India ($236,243 per ton), while the average price for exports to the United States ($8,352 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (+165.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Silver Compounds; Excluding Silver Nitrates in Luxembourg
In 2022, approx. 64 kg of silver compounds; excluding silver nitrateses were imported into Luxembourg; increasing by 1.6% compared with the previous year. Overall, imports, however, saw a precipitous shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 125% against the previous year. As a result, imports reached the peak of 288 kg. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, silver compounds; excluding silver nitrates imports contracted markedly to $6.4K in 2022. Over the period under review, imports, however, continue to indicate a dramatic shrinkage. The growth pace was the most rapid in 2021 with an increase of 126%. As a result, imports attained the peak of $79K, and then declined significantly in the following year.
| Import of Silver Compounds; Excluding Silver Nitrates in Luxembourg (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 32.1 | 30.2 | 77.7 | 5.3 | -45.1% |
| Germany | 5.7 | 0.1 | 0.1 | 0.5 | -55.6% |
| Belgium | 0.1 | 1.4 | 0.7 | 0.4 | 58.7% |
| Sweden | N/A | N/A | N/A | 0.2 | 0% |
| Switzerland | N/A | N/A | N/A | N/A | 0% |
| France | 11.8 | N/A | N/A | N/A | 0% |
| Italy | N/A | 3.0 | N/A | N/A | 0% |
| Others | 23.5 | N/A | N/A | N/A | 0% |
| Total | 73.1 | 34.7 | 78.5 | 6.4 | -55.6% |
Top Suppliers of Silver Compounds; Excluding Silver Nitrates to Luxembourg in 2022:
- United States (56.0 kg)
- Belgium (3.0 kg)
- Sweden (2.0 kg)
- Germany (2.0 kg)
- Switzerland (1.0 kg)
Exports of Silver Compounds; Excluding Silver Nitrates in Luxembourg
In 2022, approx. 1.7 tons of silver compounds; excluding silver nitrateses were exported from Luxembourg; rising by 306% compared with the previous year. Overall, exports saw a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, silver compounds; excluding silver nitrates exports skyrocketed to $21K in 2022. In general, exports recorded a significant increase.
| Export of Silver Compounds; Excluding Silver Nitrates in Luxembourg (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 1.2 | N/A | N/A | 8.1 | 89.0% |
| United States | N/A | N/A | N/A | 7.0 | 0% |
| Indonesia | 4.6 | 11.9 | N/A | 4.6 | 0.0% |
| South Korea | N/A | 1.8 | N/A | N/A | 0% |
| Japan | N/A | 5.5 | N/A | N/A | 0% |
| Belgium | N/A | 3.0 | N/A | N/A | 0% |
| Others | 4.4 | 0.6 | 5.7 | 1.0 | -39.0% |
| Total | 10.2 | 22.9 | 5.7 | 20.7 | 26.6% |
Top Export Markets for Silver Compounds; Excluding Silver Nitrates from Luxembourg in 2022:
- United States (840.0 kg)
- Saudi Arabia (564.0 kg)
- Indonesia (280.0 kg)
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