Global Silver Demand Expected to Reach All-Time High in 2022 | Globaldata Plc

June 23, 2022

The demand will be driven by an expansion in silver consumption in both traditional markets and green technologies.

/EIN News/ -- LONDON, June 23, 2022 (GLOBE NEWSWIRE) -- The global silver production was 884.5 million ounces (Moz) in 2021. Overall, anticipating slight impacts on the global supply chain due to the Russia-Ukraine war, the silver mining market is expected to grow at a CAGR of more than 1% during the forecast period. The silver mining market growth will be supported by increased output from Mexico, China, and Peru.

The Silver Mining Market Research Report 2022-2026 offered by GlobalData Plc provides an overview of the global silver mining industry including key demand driving factors affecting the global silver mining industry. It provides detailed information on reserves, reserves by country, production, production by country, production by company, major operating mines, competitive landscape, major exploration, and development projects.

To unlock the global silver mining market forecast, download a free report sample

Global Silver Reserves by Country

Peru had the world’s largest silver reserves of the global total as of January 2022. Silver deposits are mainly located in the Peruvian provinces of Arequipa, Tacna, Junin, and Moquegua regions. Silver is available in the form of epithermal, carbonate replacement and skarn deposits.

Global Silver Mining Reserves by Country

For more global silver reserve country insights, download a free report sample

Global Silver Production by Country

Mexico was the world's largest producer of silver. More than 40% of the total silver production originates from the Penasquito, San Julian, Santa Elena, Saucito, and Fresnillo mines. Output from Capela Polymetallic project, which began commercial production in 2020, further supported production growth in 2021.

Global Silver Mining Production by Country

For more global silver production country insights, download a free report sample

Leading Companies in the Silver Mining Market

To know more about leading silver mining companies, download a free report sample

Silver Mining Market Overview

Market Size 2021 884.5 Moz
CAGR >1%
Forecast Period 2022- 2026
Key Countries (Silver Reserve) Peru, Australia, Poland, Russia, China, Mexico, Chile, USA, and Bolivia

Key Countries (Silver Production) Mexico, China, Peru, Australia, Poland, Chile, Bolivia, Russia, USA, Argentina, India, Kazakhstan, Canada, and Brazil

Leading Companies Industrias Penoles SAB de CV, KGHM Polska Miedz, Glencore Plc, Hindustan Zinc Ltd, Polymetal International plc, Pan American Silver Corp, Southern Copper Corp, First Majestic Silver Corp, Compania De Minas Buenaventura SAA, and Hochschild Mining plc

Silver Mining Market Report Scope
The report contains an overview of the global silver mining industry including key demand driving factors affecting the global silver mining industry. It provides detailed information on reserves, reserves by country, production, production by country, production by company, major operating mines, competitive landscape, and major exploration and development projects.

Reasons to Buy

FAQs

What was the global silver mining market size in 2021?
The global silver mining market output was 884.5 million ounces (Moz) in 2021.

What is the silver mining market growth rate?
The global silver mining market is expected to grow at a CAGR of more than 1% during the forecast period.

Which are the top countries in terms of silver reserves?
The top countries in terms of silver reserves are Peru, Australia, Poland, Russia, China, Mexico, Chile, the USA, and Bolivia.

Which are the top countries in terms of silver production?
The top countries in terms of silver production are Mexico, China, Peru, Australia, Poland, Chile, Bolivia, Russia, USA, Argentina, India, Kazakhstan, Canada, and Brazil.

Which are the leading companies in the silver mining market?
The leading companies in the silver mining market are Industrias Penoles SAB de CV, KGHM Polska Miedz, Glencore Plc, Hindustan Zinc Ltd, Polymetal International plc, Pan American Silver Corp, Southern Copper Corp, First Majestic Silver Corp, Compania De Minas Buenaventura SAA, and Hochschild Mining plc.

Related Reports

About us

GlobalData is a leading provider of data, analytics, and insights on the world's largest industries. In an increasingly fast-moving, complex, and uncertain world, it has never been harder for organizations and decision makers to predict and navigate the future. This is why GlobalData's mission is to help our clients to decode the future and profit from faster, more informed decisions. As a leading information services company, thousands of clients rely on GlobalData for trusted, timely, and actionable intelligence. Our solutions are designed to provide a daily edge to professionals within corporations, financial institutions, professional services, and government agencies.

Media Contacts

GlobalData

Mark Jephcott
Head of PR EMEA
mark.jephcott@globaldata.com
cc: pr@globaldata.com

+44 (0)207 936 6400