Lithuania - Silver Including Silver Plated With Gold Or Platinum - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSilver Price in Lithuania - 2023
Contents:
- Silver Price in Lithuania (CIF) - 2023
- Silver Price in Lithuania (FOB) - 2023
- Silver Imports in Lithuania
- Silver Exports in Lithuania
Silver Price in Lithuania (CIF) - 2023
The average silver import price stood at $402K per ton in September 2023, increasing by 3.9% against the previous month. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in October 2022 an increase of 52% against the previous month. Over the period under review, average import prices hit record highs at $739K per ton in January 2023; however, from February 2023 to September 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Germany ($916K per ton), while the price for Italy ($154K per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Germany (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Silver Price in Lithuania (FOB) - 2023
The average silver export price stood at $736K per ton in September 2023, increasing by 244% against the previous month. Over the period under review, the export price showed a moderate increase. The growth pace was the most rapid in November 2022 when the average export price increased by 554% month-to-month. The export price peaked at $739K per ton in January 2023; however, from February 2023 to September 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Germany ($832K per ton), while the average price for exports to Latvia totaled $81,834 per ton.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+13.8%), while the prices for the other major destinations experienced more modest paces of growth.
Silver Imports in Lithuania
In 2022, supplies from abroad of silver including silver plated with gold or platinum decreased by -36.8% to 11 tons, falling for the second year in a row after two years of growth. Overall, imports saw a deep slump. The most prominent rate of growth was recorded in 2020 with an increase of 21% against the previous year. As a result, imports reached the peak of 21 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, silver imports expanded slightly to $4.8M in 2022. In general, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +22.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +83.2% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 41%. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Silver in Lithuania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 546 | 1,296 | 2,278 | 3,508 | 85.9% |
| Switzerland | 0.4 | 275 | 41.8 | 420 | 916.4% |
| Italy | 718 | 654 | 573 | 339 | -22.1% |
| Spain | 902 | 993 | 1,156 | 250 | -34.8% |
| Poland | 250 | 240 | 190 | 202 | -6.9% |
| France | 118 | 61.9 | 39.5 | 34.8 | -33.4% |
| Others | 108 | 203 | 440 | 84.9 | -7.7% |
| Total | 2,642 | 3,722 | 4,719 | 4,839 | 22.4% |
Top Suppliers of Silver to Lithuania in 2022:
- Germany (4.6 tons)
- Spain (2.6 tons)
- Italy (2.3 tons)
- Switzerland (0.6 tons)
- France (0.4 tons)
- Poland (0.3 tons)
Silver Exports in Lithuania
For the third year in a row, Lithuania recorded decline in overseas shipments of silver including silver plated with gold or platinum, which decreased by -62.7% to 4.4 tons in 2022. In general, exports recorded a precipitous contraction. The smallest decline of -7.5% was in 2020.
In value terms, silver exports fell remarkably to $524K in 2022. Overall, exports continue to indicate a sharp reduction. The most prominent rate of growth was recorded in 2020 with an increase of 20%.
| Export of Silver in Lithuania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 1,446 | 1,592 | 1,471 | 347 | -37.9% |
| Germany | 24.1 | 143 | 342 | 109 | 65.4% |
| Ukraine | 65.0 | 91.8 | 46.9 | 23.5 | -28.8% |
| Latvia | 7.7 | 13.3 | 14.1 | 18.8 | 34.7% |
| Turkey | N/A | N/A | N/A | 15.6 | 0% |
| Belarus | 39.0 | 38.3 | 69.1 | 7.0 | -43.6% |
| Others | 2.9 | 25.3 | 43.3 | 2.8 | -1.2% |
| Total | 1,585 | 1,903 | 1,986 | 524 | -30.9% |
Top Export Markets for Silver from Lithuania in 2022:
- Russia (3671.0 kg)
- Latvia (220.0 kg)
- Germany (154.0 kg)
- Ukraine (134.0 kg)
- Turkey (105.0 kg)
- Belarus (57.0 kg)
This report provides an in-depth analysis of the silver market in Lithuania. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 24411030 - Silver, unwrought or in powder form (including plated with gold or platinum)
- Prodcom 24411050 - Silver, in semi-manufactured forms (including plated with gold or platinum) (excluding unwrought or in powder form)
Country coverage:
- Lithuania
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Lithuania
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
387
This report provides an in-depth analysis of the silver market in Lithuania.
89
This report provides an in-depth analysis of the semi-manufactured silver market in Lithuania.
102
This report provides an in-depth analysis of the unwrought silver market in Lithuania.
1330
This report provides an in-depth analysis of the global silver market.
517
This report provides an in-depth analysis of the global semi-manufactured silver market.
1369
This report provides an in-depth analysis of the global unwrought silver market.
387
This report provides an in-depth analysis of the silver market in Lithuania.
89
This report provides an in-depth analysis of the semi-manufactured silver market in Lithuania.
102
This report provides an in-depth analysis of the unwrought silver market in Lithuania.
1330
This report provides an in-depth analysis of the global silver market.
357
Explore the top import markets for silver and the key statistics behind their import values. Learn about the leading countries in the global trade of silver and the factors driving their demand. Gain insights from the IndexBox market intelligence platform.
5468
In 2016, approx. X tons of silver were imported worldwide- coming down by -X% against the previous year figure. In general, silver imports continue to indicate a moderate decline. The pace of gr...
1019
In 2016, approx. X tons of silver were imported worldwide- coming down by -X% against the previous year figure. In general, silver imports continue to indicate a moderate decline. The pace of gr...
176
Explore the top import markets for semi-manufactured silver, including India, the United States, Canada, and the United Kingdom. Learn about their import values and the factors driving their demand for silver. Discover the potential of these markets for exporters and businesses.
402
Explore the world's best import markets for unwrought silver, including key statistics and factors driving demand. Learn about the top countries and their import values.
761
The global unwrought silver market revenue amounted to $20.1B in 2018, waning by -5.7% against the previous year....
357
Explore the top import markets for silver and the key statistics behind their import values. Learn about the leading countries in the global trade of silver and the factors driving their demand. Gain insights from the IndexBox market intelligence platform.
5468
In 2016, approx. X tons of silver were imported worldwide- coming down by -X% against the previous year figure. In general, silver imports continue to indicate a moderate decline. The pace of gr...
1019
In 2016, approx. X tons of silver were imported worldwide- coming down by -X% against the previous year figure. In general, silver imports continue to indicate a moderate decline. The pace of gr...
176
Explore the top import markets for semi-manufactured silver, including India, the United States, Canada, and the United Kingdom. Learn about their import values and the factors driving their demand for silver. Discover the potential of these markets for exporters and businesses.
