Indian Silver Imports Were a Record 8,506 Tonnes (273,473,854 ounces) in 2015.
2015 Indian Silver Imports were nearly six times larger than 2015’s record sales of American Silver Eagles and nearly 1/3 of the entire estimated 2015 global silver mining production.
In 2015, India imported over 8,500 tonnes of silver. This was up 20% from 2014’s 7,083 tonnes
Indian silver imports hit a record in 2015.
India’s voracious appetite for silver is, as the Wealth Watchman puts it – gargantuan.
Here is a chart that gives some perspective as to the enormity of Indian silver consumption.
Indian silver imports from 2013-2015 exceeded American Silver Eagle sales from 1986- 2016 and are about 80% of 2015’s global silver mining production
To learn more about India and silver click here.
To see historic Indian silver import charts click here
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Sources: Indian Silver Imports- Indian Ministry of Commerce and Industry and Sharelynx; American Silver Eagle Sales – the US Mint; 2015 Global Silver Mining Production – The Silver Institute
Further Reading:
US Mint Sales (monthly archive)
Canadian Mint Sales (quarterly and annual archives)
Perth Mint Sales (monthly archive)
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