The global import dynamics of silver ores and concentrates are dominated by China, which accounted for the highest volume at 655.36 million kilograms in 2023. South Korea and Germany are other significant importers. Notably, Malaysia showed significant growth with a 9.67% increase, while Bulgaria experienced the highest percentage increase at 21.63% in 2023. Thailand saw an exceptional 163.15% rise. Smaller players like the United Kingdom and Slovakia also contributed with modest increases. Over the last five years, these figures indicate an average expansion, primarily driven by emerging economies.
Future trends may include increased diversification of import sources by major economies. Environmental policies and demand for green technologies could further influence import patterns, especially as countries seek sustainable mining practices in silver production.
Top countries in Import of Silver Ores and Concentrates by Country
| # | 10 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 655,360,000 | 2023 | +3.81% | +5.23% | View data |
| 2 | 2 South Korea | 46,660,000 | 2023 | +2.02% | +2.64% | View data |
| 3 | 3 Germany | 19,781,000 | 2023 | +4.92% | +3.88% | View data |
| 4 | 4 Malaysia | 12,895,000 | 2023 | +5.74% | +9.67% | View data |
| 5 | 5 Peru | 8,861,100 | 2023 | +3.97% | +3.46% | View data |
| 6 | 6 Netherlands | 4,099,800 | 2023 | +4.04% | +18.01% | View data |
| 7 | 7 Chile | 3,082,300 | 2023 | +3.78% | +4.22% | View data |
| 8 | 8 Bulgaria | 2,692,100 | 2023 | +3.98% | +21.63% | View data |
| 9 | 9 Spain | 2,259,200 | 2023 | +6.51% | +0.53% | View data |
| 10 | 10 Thailand | 1,009,400 | 2023 | +4.73% | +163.15% | View data |
