Unwrought Silver Market in the United States
Market Overview
In 
, the U.S. unwrought silver market decreased by -% to $, falling for the second year in a row after two years of growth. Overall, the total consumption indicated a modest increase from 2007 to : its value increased at an average annual rate of +% over the last fifteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption decreased by -% against indices. Unwrought silver consumption peaked at $ in 2011; however, from 2012 to , consumption failed to regain momentum.
In value terms, unwrought silver production expanded significantly to $ in . Overall, production, however, saw a notable increase. The pace of growth was the most pronounced in 2008 when the production volume increased by %. Over the period under review, production attained the maximum level at $ in 2011; however, from 2012 to , production stood at a somewhat lower figure.
, the U.S. unwrought silver market decreased by -% to $, falling for the second year in a row after two years of growth. Overall, the total consumption indicated a modest increase from 2007 to : its value increased at an average annual rate of +% over the last fifteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption decreased by -% against indices. Unwrought silver consumption peaked at $ in 2011; however, from 2012 to , consumption failed to regain momentum.In value terms, unwrought silver production expanded significantly to $
in . Overall, production, however, saw a notable increase. The pace of growth was the most pronounced in 2008 when the production volume increased by %. Over the period under review, production attained the maximum level at $ in 2011; however, from 2012 to , production stood at a somewhat lower figure.Consumption
In , consumption of silver, unwrought or in powder form decreased by -% to tons, falling for the second consecutive year after two years of growth. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Unwrought silver consumption peaked at tons in 2016; however, from 2017 to , consumption failed to regain momentum.
The value of the unwrought silver market in the United States fell dramatically to $ in , dropping by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated a slight expansion from 2007 to : its value increased at an average annual rate of +% over the last fifteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption decreased by -% against indices. Unwrought silver consumption peaked at $ in 2011; however, from 2012 to , consumption remained at a lower figure.
, consumption of silver, unwrought or in powder form decreased by -% to tons, falling for the second consecutive year after two years of growth. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Unwrought silver consumption peaked at tons in 2016; however, from 2017 to , consumption failed to regain momentum.The value of the unwrought silver market in the United States fell dramatically to $
in , dropping by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated a slight expansion from 2007 to : its value increased at an average annual rate of +% over the last fifteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption decreased by -% against indices. Unwrought silver consumption peaked at $ in 2011; however, from 2012 to , consumption remained at a lower figure.Market Forecast
Driven by increasing demand for silver, unwrought or in powder form in the United States, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .
In value terms, the market is forecast to increase with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
% for the period from to , which is projected to bring the market volume to tons by the end of .In value terms, the market is forecast to increase with an anticipated CAGR of +
% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .Market Structure
Unwrought silver market in the United States consists almost entirely of imported products.
Trade Balance
The United States remains a net importer of unwrought silver; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
. In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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