Report Update: May 1, 2024

Germany - Silver, Unwrought Or In Powder Form - Market Analysis, Forecast, Size, Trends And Insights

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Unwrought Silver Price in Germany - 2023

Unwrought Silver Price in Germany (FOB) - 2023

In July 2023, the average unwrought silver export price amounted to $858K per ton, rising by 5.1% against the previous month. Over the period from July 2022 to July 2023, it increased at an average monthly rate of +1.9%. The growth pace was the most rapid in April 2023 an increase of 19% against the previous month. As a result, the export price attained the peak level of $858K per ton. From May 2023 to July 2023, the the average export prices remained at a somewhat lower figure.

Average prices varied somewhat for the major export markets. In July 2023, the highest price was recorded for prices to Thailand ($919K per ton) and Canada ($908K per ton), while the average price for exports to Romania ($665K per ton) and Poland ($752K per ton) were amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+2.9%), while the prices for the other major destinations experienced more modest paces of growth.

Unwrought Silver Price in Germany (CIF) - 2023

In July 2023, the average unwrought silver import price amounted to $749K per ton, almost unchanged from the previous month. Over the period from July 2022 to July 2023, it increased at an average monthly rate of +2.0%. The pace of growth was the most pronounced in December 2022 when the average import price increased by 13% month-to-month. Over the period under review, average import prices attained the maximum at $763K per ton in January 2023; however, from February 2023 to July 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Thailand ($2.0M per ton), while the price for Romania ($78,754 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Thailand (+18.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Unwrought Silver Exports in Germany

In 2022, shipments abroad of silver, unwrought or in powder form decreased by -7.3% to 1.2K tons, falling for the second consecutive year after two years of growth. Over the period under review, exports saw a perceptible decline. The most prominent rate of growth was recorded in 2020 when exports increased by 29%. As a result, the exports reached the peak of 1.8K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, unwrought silver exports contracted dramatically to $961M in 2022. Overall, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +9.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -17.0% against 2020 indices. The pace of growth appeared the most rapid in 2020 when exports increased by 56% against the previous year. As a result, the exports reached the peak of $1.2B. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Export of Unwrought Silver in Germany (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Switzerland	135	339	404	359	38.5%
Thailand	35.8	32.5	101	134	55.3%
Austria	69.9	123	129	115	18.1%
France	56.6	76.4	101	106	23.3%
Canada	13.9	51.5	32.4	47.9	51.0%
United States	22.5	174	122	39.5	20.6%
Poland	2.9	5.9	9.9	22.0	96.5%
Czech Republic	8.8	11.9	29.6	21.4	34.5%
United Kingdom	247	98.5	22.9	21.0	-56.0%
India	10.1	10.3	19.3	20.2	26.0%
Romania	10.1	11.7	18.0	17.9	21.0%
Turkey	91.5	181	33.2	0.2	-87.0%
Others	35.7	41.7	115	56.2	16.3%
Total	740	1,157	1,137	961	9.1%

Top Export Markets for Unwrought Silver from Germany in 2022:

Switzerland (453.3 tons)
Thailand (162.6 tons)
Austria (153.4 tons)
France (128.1 tons)
Canada (58.5 tons)
United States (49.0 tons)
Czech Republic (39.0 tons)
Romania (32.0 tons)
Poland (30.5 tons)
India (26.2 tons)
United Kingdom (25.1 tons)
Turkey (0.2 tons)

Unwrought Silver Imports in Germany

For the fourth consecutive year, Germany recorded growth in overseas purchases of silver, unwrought or in powder form, which increased by 17% to 1.4K tons in 2022. Over the period under review, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 93% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, unwrought silver imports stood at $1.1B in 2022. In general, imports showed a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 140% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in the immediate term.

Import of Unwrought Silver in Germany (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Switzerland	101	99.3	220	291	42.3%
United Kingdom	2.7	90.1	354	157	287.4%
Sweden	45.3	69.7	115	145	47.4%
Poland	7.4	11.6	39.0	101	139.0%
Kazakhstan	52.1	N/A	N/A	92.3	21.0%
United States	15.6	45.2	61.8	68.0	63.4%
Argentina	35.5	31.0	42.4	50.4	12.4%
Thailand	12.9	18.1	22.3	34.1	38.3%
Others	35.4	40.0	116	116	48.5%
Total	307	405	972	1,054	50.9%

Top Suppliers of Unwrought Silver to Germany in 2022:

Switzerland (380.6 tons)
United Kingdom (197.1 tons)
Sweden (193.8 tons)
Poland (146.6 tons)
Kazakhstan (119.8 tons)
Thailand (105.0 tons)
United States (94.0 tons)
Argentina (43.1 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the unwrought silver market in Germany. 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)

Country coverage:

Germany

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Germany
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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023