Price for Silver Compounds; Excluding Silver Nitrates in Mexico - 2023
Contents:
- Price for Silver Compounds; Excluding Silver Nitrates in Mexico (CIF) - 2023
- Imports of Silver Compounds; Excluding Silver Nitrates in Mexico
Price for Silver Compounds; Excluding Silver Nitrates in Mexico (CIF) - 2023
The average import price for silver compounds; excluding silver nitrateses stood at $779K per ton in August 2023, jumping by 404% against the previous month. In general, the import price showed a modest expansion. The pace of growth was the most pronounced in December 2022 an increase of 2,630% against the previous month. As a result, import price attained the peak level of $1.5M per ton. From January 2023 to August 2023, the average import prices remained at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From August 2022 to August 2023, the rate of growth in terms of prices for the United States amounted to +1.1% per month.
Imports of Silver Compounds; Excluding Silver Nitrates in Mexico
In 2022, approx. 6 tons of silver compounds; excluding silver nitrateses were imported into Mexico; remaining relatively unchanged against the year before. Overall, imports, however, recorded a significant increase. The growth pace was the most rapid in 2021 with an increase of 129%. As a result, imports reached the peak of 6.1 tons, and then declined modestly in the following year.
In value terms, silver compounds; excluding silver nitrates imports totaled $1.7M in 2022. Over the period under review, imports, however, showed a buoyant increase. The pace of growth appeared the most rapid in 2021 with an increase of 104%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.
| Import of Silver Compounds; Excluding Silver Nitrates in Mexico (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 660 | 519 | 1,674 | 1,697 | 37.0% |
| India | 231 | 273 | N/A | N/A | 18.2% |
| Others | 192 | 29.3 | N/A | N/A | -84.7% |
| Total | 1,084 | 822 | 1,674 | 1,697 | 16.1% |
Top Suppliers of Silver Compounds; Excluding Silver Nitrates to Mexico in 2022:
- United States (6.0 tons)
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