The global import of silver ores and concentrates is dominated by China, accounting for a significant share of 62.02%, with South Korea and Canada following at 11.64% and 6.94%, respectively. From 2023, China saw a 5.54% increase, while countries like Chile and Bulgaria experienced notable year-on-year growth at 6.91% and 23.76%. Conversely, Canada faced a decline of 4.15%. Over the past five years, growth trends have been bumpy with countries like Thailand showing exceptional variance in imports.
Future trends to watch include:
- China's continued dominance and potential further growth in import volumes.
- Rising import shares in emerging markets like Bulgaria and Netherlands.
- Potential recovery or further decline in countries experiencing negative growth such as Canada.
- Technological advancements and environmental regulations impacting silver ore refining and back-shifting trade dynamics.
- Evolving geopolitical factors that could affect market accessibility and trade relations.
Top countries in Import of Silver Ores and Concentrates Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 62.02 | 2023 | +4.77% | +5.54% | View data |
| 2 | 2 South Korea | 11.64 | 2023 | +2.12% | +2.63% | View data |
| 3 | 3 Canada | 6.94 | 2023 | +0.088% | -4.15% | View data |
| 4 | 4 Japan | 6.53 | 2023 | +2.04% | +0.59% | View data |
| 5 | 5 Germany | 4.1 | 2023 | +4.02% | +1.44% | View data |
| 6 | 6 Peru | 2.05 | 2023 | +4.65% | +5.4% | View data |
| 7 | 7 Chile | 0.83 | 2023 | +5.38% | +6.91% | View data |
| 8 | 8 Bulgaria | 0.64 | 2023 | +4.13% | +23.76% | View data |
| 9 | 9 Netherlands | 0.58 | 2023 | +5.06% | +13.91% | View data |
| 10 | 10 Spain | 0.33 | 2023 | +0.59% | +0.034% | View data |
