In 2023, Japan dominated the global export of silver powder, accounting for 85.98% of the market share by volume. Despite this significant share, Japan experienced an 18.75% decrease year-on-year, indicating a potential loss in dominance. The United States and Singapore, although holding smaller shares, showed a slight increase in their export activities by 0.49% and 6.97% respectively. Remarkable growth was observed in Denmark with a 186.98% surge, highlighting a growing interest or capability in silver powder export. Notably, several countries including the United Kingdom and Italy, saw declines, reflecting shifting trends in the exportation landscape.
Future trends to watch in the next few years include:
- An ongoing reduction in Japan's share, encouraging diversifying opportunities for other countries.
- Potential growth of exports from emerging markets such as Denmark and Malaysia, which may gain competitive strength.
- Technological advancements in refining and processing, potentially altering the export landscape and introducing new key players.
Top countries in Export of Silver Powder Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Japan | 85.98 | 2023 | +3.26% | -18.75% | View data |
| 2 | 2 United States | 0.05 | 2023 | +0.97% | +0.49% | View data |
| 3 | 3 Singapore | 0.02 | 2023 | +5.66% | +6.97% | View data |
| 4 | 4 South Korea | 0.007 | 2023 | +2.14% | +2.23% | View data |
| 5 | 5 United Kingdom | 0.004 | 2023 | -8.07% | -10.01% | View data |
| 6 | 6 Hungary | 0.002 | 2023 | +5.5% | +6.81% | View data |
| 7 | 7 China | 0.002 | 2023 | +2.87% | -0.027% | View data |
| 8 | 8 Germany | 0.002 | 2023 | +0.0032% | +0.2% | View data |
| 9 | 9 Switzerland | 0.002 | 2023 | -4.11% | -6.18% | View data |
| 10 | 10 Czech Republic | 0.002 | 2023 | +4.46% | +4.83% | View data |
