Key Market Indicators
The country was number 7 in 2021, the United Kingdom overtook at 64,050 Kilograms. The United States, the United Kingdom and Japan respectively came in numbers 5, 6 and 7 in this ranking. Japanese silver imports are predicted to reach nearly one billion dollars by 2026, a 0.3% increase from 2021. This demand has grown steadily since 1993. In 2021, the United Kingdom overtook Japan for the number four spot, with the US, UK and Japan coming in second, third and fourth, respectively. Meanwhile, Japanese silver exports are expected to drop to 52,290 kilograms by 2026, a 3.2% decrease from 2021. Since 2005, Japanese supply has increased by 9.1%. However, the UK overtook Japan for the number seven spot in 2021, with the US, UK and Japan coming in fifth, sixth and seventh, respectively.