Austria: Silver Nitrate Market 2024

Silver Nitrate Market Size in Austria

The Austrian silver nitrate market soared to $X in 2022, growing by X% against the previous year. Overall, consumption, however, saw a abrupt decrease. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Silver Nitrate Production in Austria

In value terms, silver nitrate production amounted to $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the production volume decreased by X%. Over the period under review, production reached the maximum level in 2022 and is expected to retain growth in the near future.

Silver Nitrate Exports

Exports from Austria

In 2022, after two years of growth, there was significant decline in shipments abroad of silver nitrate, when their volume decreased by X% to X tons. In general, exports saw a sharp descent. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, silver nitrate exports fell significantly to $X in 2022. Over the period under review, exports showed a sharp reduction. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Turkey (X tons) was the main destination for silver nitrate exports from Austria, with a X% share of total exports. Moreover, silver nitrate exports to Turkey exceeded the volume sent to the second major destination, Greece (X kg), threefold. The third position in this ranking was held by Romania (X kg), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Turkey totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greece (X% per year) and Romania (X% per year).

In value terms, Slovenia ($X), Sweden ($X) and Turkey ($X) appeared to be the largest markets for silver nitrate exported from Austria worldwide, with a combined X% share of total exports. Romania, Greece, Switzerland, Kazakhstan, Croatia, Moldova, Yemen, Cyprus and Bulgaria lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Kazakhstan, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average silver nitrate export price stood at $X per ton in 2022, with a decrease of X% against the previous year. Over the period under review, the export price, however, saw a resilient expansion. The growth pace was the most rapid in 2021 when the average export price increased by X%. Over the period under review, the average export prices attained the maximum at $X per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Sweden ($X per ton), while the average price for exports to Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (X%), while the prices for the other major destinations experienced more modest paces of growth.

Silver Nitrate Imports

Imports into Austria

In 2022, imports of silver nitrate into Austria surged to X tons, picking up by X% compared with the previous year. Over the period under review, imports, however, faced a sharp downturn. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, silver nitrate imports skyrocketed to $X in 2022. In general, imports, however, continue to indicate a precipitous contraction. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Belgium (X tons), the UK (X tons) and Germany (X tons) were the main suppliers of silver nitrate imports to Austria, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of X%), while imports for the other leaders experienced a decline.

In value terms, the UK ($X) constituted the largest supplier of silver nitrate to Austria, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with a X% share of total imports. It was followed by Belgium, with a X% share.

From 2012 to 2022, the average annual growth rate of value from the UK stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Belgium (X% per year).

Import Prices by Country

The average silver nitrate import price stood at $X per ton in 2022, which is down by X% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, 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 2022, the most notable rate of growth in terms of prices was attained by France (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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