Czech Republic: Silver Market 2024

Silver Market Size in the Czech Republic

In 2022, after three years of growth, there was significant decline in the Czech silver market, when its value decreased by X% to $X. In general, consumption, however, saw a resilient expansion. Over the period under review, the market hit record highs at $X in 2021, and then contracted in the following year.

Silver Production in the Czech Republic

In value terms, silver production soared to $X in 2022 estimated in export price. Overall, the total production indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2016 indices. As a result, production attained the peak level and is likely to continue growth in the immediate term.

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Silver Exports

Exports from the Czech Republic

In 2022, overseas shipments of silver including silver plated with gold or platinum increased by X% to X tons, rising for the third year in a row after seven years of decline. In general, exports, however, faced a deep setback. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, silver exports contracted modestly to $X in 2022. Over the period under review, exports, however, continue to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2021 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

France (X tons), Bulgaria (X tons) and Slovakia (X tons) were the main destinations of silver exports from the Czech Republic, together comprising X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bulgaria (with a CAGR of X%), while the other leaders experienced mixed trend patterns.

In value terms, France ($X) remains the key foreign market for silver including silver plated with gold or platinum exports from the Czech Republic, comprising X% of total exports. The second position in the ranking was taken by Slovakia ($X), with a X% share of total exports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual growth rate of value to France stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (X% per year) and Germany (X% per year).

Export Prices by Country

In 2022, the average silver export price amounted to $X per ton, reducing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2014 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2021, and then contracted modestly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($X,163 per ton), while the average price for exports to Bulgaria ($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 Bulgaria (X%), while the prices for the other major destinations experienced more modest paces of growth.

Silver Imports

Imports into the Czech Republic

In 2022, after four years of growth, there was significant decline in purchases abroad of silver including silver plated with gold or platinum, when their volume decreased by X% to X tons. Over the period under review, imports, however, showed buoyant growth. The pace of growth was the most pronounced in 2019 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2021, and then dropped in the following year.

In value terms, silver imports contracted to $X in 2022. Overall, imports, however, showed prominent growth. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then declined in the following year.

Imports by Country

In 2022, Japan (X tons) constituted the largest supplier of silver to the Czech Republic, with a X% share of total imports. Moreover, silver imports from Japan exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. The third position in this ranking was held by Switzerland (X tons), with a X% share.

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

In value terms, the largest silver suppliers to the Czech Republic were Germany ($X), Japan ($X) and Switzerland ($X), with a combined X% share of total imports. Italy, Bulgaria, Austria, Spain, France and Slovakia lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Bulgaria, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average silver import price amounted to $X per ton, remaining relatively unchanged against the previous year. Over the period under review, the import price recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 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 Austria ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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