MERCOSUR: Semi-Manufactured Silver Market 2024

Semi-Manufactured Silver Market Size in MERCOSUR

The MERCOSUR semi-manufactured silver market was estimated at $X in 2022, picking up by X% against the previous year. Over the period under review, consumption saw a abrupt curtailment. The most prominent rate of growth was recorded in 2020 when the market value increased by X% against the previous year. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Semi-Manufactured Silver Production in MERCOSUR

In value terms, semi-manufactured silver production reached $X in 2022 estimated in export price. In general, production continues to indicate a deep slump. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Semi-Manufactured Silver Exports

Exports in MERCOSUR

In 2022, approx. X tons of silver in semi-manufactured forms were exported in MERCOSUR; waning by X% on 2021 figures. Over the period under review, exports faced a deep reduction. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, semi-manufactured silver exports shrank sharply to $X in 2022. Overall, exports saw a dramatic slump. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Chile (X tons) and Brazil (X tons) prevails in exports structure, together making up X% of total exports. Suriname (X kg) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Suriname (with a CAGR of X%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, the largest semi-manufactured silver supplying countries in MERCOSUR were Brazil ($X), Chile ($X) and Suriname ($X), with a combined X% share of total exports.

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

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2022, which is down by X% against the previous year. In general, the export price saw a abrupt downturn. The growth pace was the most rapid in 2018 an increase of X%. Over the period under review, the export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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 Suriname ($X per ton), while Chile ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Suriname (X%), while the other leaders experienced a decline in the export price figures.

Semi-Manufactured Silver Imports

Imports in MERCOSUR

In 2022, after two years of growth, there was significant decline in purchases abroad of silver in semi-manufactured forms, when their volume decreased by X% to X tons. Overall, imports saw a abrupt decline. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, semi-manufactured silver imports reduced to $X in 2022. Over the period under review, imports recorded a slight slump. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Argentina (X tons) and Brazil (X tons) were the largest importers of silver in semi-manufactured forms in 2022, recording near X% and X% of total imports, respectively. Colombia (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Ecuador (X%) and Peru (X%). Chile (X tons) took a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Peru (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X) constitutes the largest market for imported silver in semi-manufactured forms in MERCOSUR, comprising X% of total imports. The second position in the ranking was taken by Argentina ($X), with a X% share of total imports. It was followed by Colombia, with a X% share.

In Brazil, semi-manufactured silver imports remained relatively stable over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Argentina (X% per year) and Colombia (X% per year).

Import Prices by Country

In 2022, the import price in MERCOSUR amounted to $X per ton, picking up by X% against the previous year. Import price indicated a resilient expansion 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 2015 indices. The most prominent rate of growth was recorded in 2018 when the import price increased by X%. Over the period under review, import prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Brazil ($X per ton), while Ecuador ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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