Global Semi-Manufactured Silver Market
Market Overview
The global semi-manufactured silver market soared to $
in , rising 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 mild expansion from 2007 to : its value increased at an average annual rate of +% over the last fourteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against 2019 indices. Over the period under review, the global market attained the maximum level at $ in 2011; afterwards, it flattened through to .
In value terms, semi-manufactured silver production declined to $ in estimated in export price. In general, production, however, showed a slight downturn. The pace of growth appeared the most rapid in 2017 with an increase of % against the previous year. Over the period under review, global production attained the maximum level at $ in 2011; however, from 2012 to , production remained at a lower figure.
The countries with the highest volumes of production in were Japan ( tons), Germany ( tons) and the United States ( tons), together accounting for % of global production. India, Italy, South Korea, Pakistan, Nigeria, Brazil, Russia, Hong Kong SAR, Taiwan (Chinese) and the UK lagged somewhat behind, together comprising a further %.
From 2007 to, the biggest increases were recorded for Hong Kong SAR (with a CAGR of +%), while production for the other global leaders experienced mixed trends in the production figures.
in , rising 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 mild expansion from 2007 to : its value increased at an average annual rate of +% over the last fourteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against 2019 indices. Over the period under review, the global market attained the maximum level at $ in 2011; afterwards, it flattened through to .In value terms, semi-manufactured silver production declined to $
in estimated in export price. In general, production, however, showed a slight downturn. The pace of growth appeared the most rapid in 2017 with an increase of % against the previous year. Over the period under review, global production attained the maximum level at $ in 2011; however, from 2012 to , production remained at a lower figure.The countries with the highest volumes of production in
were Japan ( tons), Germany ( tons) and the United States ( tons), together accounting for % of global production. India, Italy, South Korea, Pakistan, Nigeria, Brazil, Russia, Hong Kong SAR, Taiwan (Chinese) and the UK lagged somewhat behind, together comprising a further %.From 2007 to
, the biggest increases were recorded for Hong Kong SAR (with a CAGR of +%), while production for the other global leaders experienced mixed trends in the production figures.Consumption
In , after two years of growth, there was significant decline in consumption of silver in semi-manufactured forms, when its volume decreased by -% to tons. Overall, consumption showed a pronounced setback. Over the period under review, global consumption hit record highs at tons in 2007; however, from 2008 to , consumption stood at a somewhat lower figure.
The global semi-manufactured silver market size declined to $ in , with a decrease of -% 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, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the global market reached the maximum level at $ in 2011; however, from 2012 to , consumption remained at a lower figure.
, after two years of growth, there was significant decline in consumption of silver in semi-manufactured forms, when its volume decreased by -% to tons. Overall, consumption showed a pronounced setback. Over the period under review, global consumption hit record highs at tons in 2007; however, from 2008 to , consumption stood at a somewhat lower figure.The global semi-manufactured silver market size declined to $
in , with a decrease of -% 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, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the global market reached the maximum level at $ in 2011; however, from 2012 to , consumption remained at a lower figure.Consumption by Country
India ( tons) constituted the country with the largest volume of semi-manufactured silver consumption, accounting for % of total volume. Moreover, semi-manufactured silver consumption in India exceeded the figures recorded by the second-largest consumer, the United States ( tons), threefold. The third position in this ranking was held by Japan ( tons), with a % share.
From 2007 to, the average annual rate of growth in terms of volume in India totaled +%. In the other countries, the average annual rates were as follows: the United States (+% per year) and Japan (-% per year).
In value terms, India ($) led the market, alone. The second position in the ranking was taken by the United States ($). It was followed by Germany.
In India, the semi-manufactured silver market increased at an average annual rate of +% over the period from 2007-. In the other countries, the average annual rates were as follows: the United States (+% per year) and Germany (+% per year).
In No countries semi-manufactured silver per capita consumption remained relatively stable over the period from 2007-.
tons) constituted the country with the largest volume of semi-manufactured silver consumption, accounting for % of total volume. Moreover, semi-manufactured silver consumption in India exceeded the figures recorded by the second-largest consumer, the United States ( tons), threefold. The third position in this ranking was held by Japan ( tons), with a % share.From 2007 to
, the average annual rate of growth in terms of volume in India totaled +%. In the other countries, the average annual rates were as follows: the United States (+% per year) and Japan (-% per year).In value terms, India ($
) led the market, alone. The second position in the ranking was taken by the United States ($). It was followed by Germany.In India, the semi-manufactured silver market increased at an average annual rate of +
% over the period from 2007-. In the other countries, the average annual rates were as follows: the United States (+% per year) and Germany (+% per year).In No countries semi-manufactured silver per capita consumption remained relatively stable over the period from 2007-
.Market Forecast
Depressed by shrinking demand for semi-manufactured silver worldwide, the market is expected to continue its downward consumption trend over the next eight years. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to depress the market volume to tons by the end of .
In value terms, the market is forecast to contract 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 depress the market volume to tons by the end of .In value terms, the market is forecast to contract 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 .
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