The import of silver in unwrought forms to China displayed significant year-on-year volatility between 2013 and 2023, with sharp declines and remarkable spikes. The highest value recorded was in 2015, while 2013 and 2014 experienced substantial decreases. Recent figures in 2023 stood at 365.43 million USD, showing a modest growth rate of 2.78% year-on-year. Despite a fluctuating annual growth rate, the compound annual growth rate (CAGR) from 2018 to 2023 was 6.88%.
Future trends to watch for include:
- A continuous increase in import values, anticipated to reach 418.16 million USD by 2028.
- A forecasted 5-year CAGR of 2.07%, pointing to stable but modest growth.
- Potential impact of global silver prices and China's industrial demand on import volumes.