Czech Republic: Unwrought Silver Market 2024

Unwrought Silver Market Size in the Czech Republic

The Czech unwrought silver market totaled $X in 2023, growing by X% against the previous year. In general, consumption continues to indicate a significant increase. Unwrought silver consumption peaked at $X in 2021; however, from 2022 to 2023, consumption failed to regain momentum.

Unwrought Silver Production in the Czech Republic

In value terms, unwrought silver production dropped to $X in 2023 estimated in export price. Overall, the total production indicated a modest expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production increased by X% against 2016 indices. The pace of growth appeared the most rapid in 2022 with an increase of X% against the previous year. As a result, production reached the peak level of $X, and then reduced in the following year.

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Unwrought Silver Exports

Exports from the Czech Republic

In 2023, the amount of silver, unwrought or in powder form exported from the Czech Republic rose markedly to X tons, surging by X% against the previous year's figure. Overall, exports, however, recorded a pronounced slump. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports attained the peak figure at X tons in 2013; however, from 2014 to 2023, the exports remained at a lower figure.

In value terms, unwrought silver exports soared to $X in 2023. Over the period under review, exports, however, continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2016 when exports increased by X%. The exports peaked at $X in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

France (X tons) was the main destination for unwrought silver exports from the Czech Republic, with a X% share of total exports. Moreover, unwrought silver exports to France exceeded the volume sent to the second major destination, Germany (X tons), sevenfold. The third position in this ranking was held by the Netherlands (X tons), with a X% share.

From 2012 to 2023, the average annual growth rate of volume to France totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and the Netherlands (X% per year).

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

From 2012 to 2023, the average annual rate of growth in terms of value to France totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Switzerland (X% per year).

Export Prices by Country

The average unwrought silver export price stood at $X per ton in 2023, surging by X% against the previous year. In general, the export price, however, showed a pronounced contraction. The pace of growth was the most pronounced in 2020 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the maximum at $X,447 per ton in 2012; however, from 2013 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($X,550 per ton), while the average price for exports to the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania (X%), while the prices for the other major destinations experienced mixed trend patterns.

Unwrought Silver Imports

Imports into the Czech Republic

Unwrought silver imports into the Czech Republic skyrocketed to X tons in 2023, jumping by X% on 2022 figures. Over the period under review, imports enjoyed a significant increase. The pace of growth appeared the most rapid in 2019 when imports increased by X%. Imports peaked at X tons in 2021; however, from 2022 to 2023, imports remained at a lower figure.

In value terms, unwrought silver imports shrank significantly to $X in 2023. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Imports peaked at $X in 2021; however, from 2022 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, Japan (X tons) was the main supplier of unwrought silver to the Czech Republic, accounting for a X% share of total imports. Moreover, unwrought silver imports from Japan exceeded the figures recorded by the second-largest supplier, Germany (X tons), more than tenfold. The third position in this ranking was taken by Taiwan (Chinese) (X tons), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from Japan totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Taiwan (Chinese) (X% per year).

In value terms, Japan ($X) constituted the largest supplier of silver, unwrought or in powder form to the Czech Republic, comprising X% of total imports. The second position in the ranking was taken by Germany ($X), with a X% share of total imports. It was followed by Switzerland, with a X% share.

From 2012 to 2023, the average annual growth rate of value from Japan amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Switzerland (X% per year).

Import Prices by Country

In 2023, the average unwrought silver import price amounted to $X per ton, which is down by X% against the previous year. In general, the import price recorded a deep setback. The growth pace was the most rapid in 2020 an increase of X%. The import price peaked at $X,404 per ton in 2012; however, from 2013 to 2023, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform