Eastern Asia: Semi-Manufactured Silver Market 2024

Semi-Manufactured Silver Market Size in Eastern Asia

The East Asian semi-manufactured silver market rose modestly to $X in 2022, picking up by X% against the previous year. Over the period under review, consumption showed a deep slump. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Semi-Manufactured Silver Production in Eastern Asia

In value terms, semi-manufactured silver production rose modestly to $X in 2022 estimated in export price. In general, production recorded a abrupt decrease. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Semi-Manufactured Silver Exports

Exports in Eastern Asia

In 2022, the amount of silver in semi-manufactured forms exported in Eastern Asia fell remarkably to X tons, with a decrease of X% on 2021 figures. Overall, exports saw a deep downturn. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, semi-manufactured silver exports shrank markedly to $X in 2022. In general, exports showed a drastic downturn. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Japan (X tons) was the main exporter of silver in semi-manufactured forms, making up X% of total exports. South Korea (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Taiwan (Chinese) (X%) and Hong Kong SAR (X%).

From 2012 to 2022, average annual rates of growth with regard to semi-manufactured silver exports from Japan stood at X%. At the same time, South Korea (X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, Hong Kong SAR (X%) and Taiwan (Chinese) (X%) illustrated a downward trend over the same period. While the share of Japan (X p.p.) and South Korea (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Hong Kong SAR (X p.p.) and Taiwan (Chinese) (X p.p.) displayed negative dynamics.

In value terms, the largest semi-manufactured silver supplying countries in Eastern Asia were Japan ($X), Taiwan (Chinese) ($X) and South Korea ($X), with a combined X% share of total exports.

Among the main exporting countries, Japan, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, surging by X% against the previous year. Overall, the export price, however, showed a noticeable decrease. The most prominent rate of growth was recorded in 2017 when the export price increased by X%. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%), while the other leaders experienced more modest paces of growth.

Semi-Manufactured Silver Imports

Imports in Eastern Asia

In 2022, purchases abroad of silver in semi-manufactured forms decreased by X% to X tons, falling for the fourth year in a row after two years of growth. Overall, imports showed a drastic downturn. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, semi-manufactured silver imports dropped markedly to $X in 2022. In general, imports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons), Hong Kong SAR (X tons) and Japan (X tons) represented the largest importer of silver in semi-manufactured forms in Eastern Asia, mixing up X% of total import. South Korea (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Taiwan (Chinese) (X%).

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by South Korea (with a CAGR of X%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, Taiwan (Chinese) ($X), China ($X) and South Korea ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

Among the main importing countries, South Korea, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2022, which is down by X% against the previous year. Import price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, semi-manufactured silver import price increased by X% against 2018 indices. The growth pace was the most rapid in 2020 when the import price increased by X%. The level of import peaked at $X per ton in 2021, and then dropped in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per ton), while Hong Kong SAR ($X 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) (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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