Price for Silver Compounds; Excluding Silver Nitrates in Hungary - 2023

Price for Silver Compounds; Excluding Silver Nitrates in Hungary (CIF) - 2022

In 2022, the average import price for silver compounds; excluding silver nitrateses amounted to $586,250 per ton, picking up by 57% against the previous year. Over the period under review, the import price, however, recorded a noticeable descent. The most prominent rate of growth was recorded in 2020 when the average import price increased by 88% against the previous year. Over the period under review, average import prices reached the maximum at $765,959 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Belgium ($794,150 per ton), while the price for Austria ($17,041 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (-1.0%), while the prices for the other major suppliers experienced a decline.

Price for Silver Compounds; Excluding Silver Nitrates in Hungary (FOB) - 2022

In 2021, the average export price for silver compounds; excluding silver nitrateses amounted to $128,014 per ton, reducing by -19.3% against the previous year. Overall, the export price, however, continues to indicate a prominent expansion. The pace of growth appeared the most rapid in 2014 when the average export price increased by 1,057%. As a result, the export price reached the peak level of $432,867 per ton. From 2015 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the UK ($141,040 per ton), while the average price for exports to Ukraine stood at $66,308 per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+48.6%).

Imports of Silver Compounds; Excluding Silver Nitrates in Hungary

In 2022, the amount of silver compounds; excluding silver nitrateses imported into Hungary dropped significantly to 396 kg, which is down by -70.8% on the previous year. In general, imports recorded a abrupt contraction. The pace of growth was the most pronounced in 2021 with an increase of 134%. As a result, imports attained the peak of 1.4 tons, and then dropped markedly in the following year.

In value terms, silver compounds; excluding silver nitrates imports shrank dramatically to $232K in 2022. Overall, imports, however, enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2020 when imports increased by 74% against the previous year.

Import of Silver Compounds; Excluding Silver Nitrates in Hungary (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	166	296	351	219	9.7%
Belgium	6.8	2.7	6.1	4.7	-11.6%
Czech Republic	2.6	5.5	5.9	3.9	14.5%
Austria	N/A	N/A	N/A	0.2	0%
Italy	N/A	N/A	136	N/A	0%
Others	0.9	1.5	5.9	4.7	73.5%
Total	176	306	506	232	9.6%

Top Suppliers of Silver Compounds; Excluding Silver Nitrates to Hungary in 2022:

Germany (333.0 kg)
Czech Republic (37.0 kg)
Austria (10.0 kg)
Belgium (6.0 kg)

Exports of Silver Compounds; Excluding Silver Nitrates in Hungary

Silver compounds; excluding silver nitrates exports from Hungary skyrocketed to 71 kg in 2021, increasing by 407% against 2020 figures. Over the period under review, exports continue to indicate significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, silver compounds; excluding silver nitrates exports surged to $9.1K in 2021. Overall, exports saw a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.