Page 19 - Bullion World Issue 6 October 2021_Neat

Bullion World | Issue 06 | October 2021

SILVER STORY:

India Silver Imports

Presently, 85 - 90% of India’s silver demand is met through
imports.

Imports of silver between 2010 and 2019 grew at an
impressive rate of 8.9% CAGR

Net Silver Imports into India in tons
Net Silver Imports into India in tons

9000 7910
9000
8000 7910 6957
8000
6812
7000 6812 6957
7000
5785
5500
6000 5785 5500 5566 5566
6000
5000 4339
5000
4339
4000
3415
4000 3415
2467
3000
3000 2467 2037
2037
2000
2000
1000
1000
0 0
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

Net silver imports
Net silver imports

Silver bullion Silver dore Silver granules, Silver alloys & Silver paste, ink
Silver alloys &
Silver granule
Silver paste
Silver bullion Silver dore grains & powders, silver catalyst and other forms, ink
(90-92%)
(2-5%)
silver catalyst
(1%)
(2-4%)
(90-92%) (2-5%) grains & powder (2-3%) and other forms
(2-4%)
(1%)
(2-3%)
INTERNATIONAL SUPPLIERS OF
INTERNATIONAL SUPPLIERS OF
SILVER BULLION INTO INDIA
SILVER BULLION INTO INDIA
19

Others
27%
Others
27% J P Morgan
51%
ICBC J P Morgan
Standard 51%
ICBC
22%
Standard
22%