Key Market Indicators
Saudi Arabia is set to see a dramatic contraction in silver imports over the next five years. By 2026, imports are predicted to be around $1.37 million, a year-on-year fall of 11%. This follows a downward trend since 1996, with a drop of 11.4% year on year. In terms of global rankings, Saudi Arabia was 39th in 2021, with Colombia leading the way on $2.69 million in imports. The United States, the United Kingdom and Japan followed in second, third and fourth respectively. Meanwhile, silver exports from Saudi Arabia skyrocketed in 2018, with a 19,000% rise compared to the year before. At 382 kilograms, this was a huge leap from the 2 kilograms exported in 2017. However, there has been a gradual decline since 2007, with a 21.7% year-on-year decrease.
