Austria: Silver Market 2022

Silver Market Size in Austria

In 2021, the Austrian silver market increased by X% to $X, rising for the fourth consecutive year after two years of decline. Over the period under review, consumption recorded resilient growth. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Silver Exports

Exports from Austria

In 2021, after four years of decline, there was significant growth in shipments abroad of silver including silver plated with gold or platinum, when their volume increased by X% to X tons. In general, exports, however, recorded a abrupt downturn. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, silver exports surged to $X in 2021. Over the period under review, exports, however, showed a deep downturn. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Germany (X tons) was the main destination for silver exports from Austria, accounting for a X% share of total exports. Moreover, silver exports to Germany exceeded the volume sent to the second major destination, France (X tons), fivefold. The Czech Republic (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+X% per year) and the Czech Republic (-X% per year).

In value terms, Germany ($X) remains the key foreign market for silver exports from Austria, comprising X% of total exports. The second position in the ranking was held by the Czech Republic ($X), with a X% share of total exports. It was followed by France, with an X% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (-X% per year) and France (+X% per year).

Export Prices by Country

The average silver export price stood at $X per ton in 2021, increasing by X% against the previous year. Over the period under review, the export price, however, continues to indicate a perceptible decrease. The pace of growth appeared the most rapid in 2020 an increase of X%. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was the Czech Republic ($X per ton), while the average price for exports to Bosnia and Herzegovina ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Silver Imports

Imports into Austria

In 2021, overseas purchases of silver including silver plated with gold or platinum increased by X% to X tons, rising for the fourth year in a row after two years of decline. In general, imports saw a tangible increase. The most prominent rate of growth was recorded in 2013 when imports increased by X%. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, silver imports surged to $X in 2021. Overall, imports saw a slight expansion. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

Switzerland (X tons), Germany (X tons) and the UK (X tons) were the main suppliers of silver imports to Austria, together accounting for X% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK (with a CAGR of +X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest silver suppliers to Austria were Switzerland ($X), Germany ($X) and the UK ($X), with a combined X% share of total imports.

The UK, with a CAGR of +X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average silver import price amounted to $X per ton, rising by X% against the previous year. Overall, the import price, however, continues to indicate a noticeable contraction. The pace of growth appeared the most rapid in 2020 an increase of X%. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the UK ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

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