Denmark: Semi-Manufactured Silver Market 2024

Semi-Manufactured Silver Market Size in Denmark

In 2022, the Danish semi-manufactured silver market increased by X% to $X, rising for the third year in a row after seven years of decline. Overall, consumption, however, recorded a deep setback. Semi-manufactured silver consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Semi-Manufactured Silver Production in Denmark

In value terms, semi-manufactured silver production shrank remarkably to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a abrupt decrease. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Semi-manufactured silver production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Semi-Manufactured Silver Exports

Exports from Denmark

In 2022, after two years of growth, there was significant decline in shipments abroad of silver in semi-manufactured forms, when their volume decreased by X% to X tons. Over the period under review, exports continue to indicate a deep setback. The pace of growth appeared the most rapid in 2020 when exports increased by X%. Over the period under review, the exports attained the maximum at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, semi-manufactured silver exports contracted sharply to $X in 2022. In general, exports showed a abrupt contraction. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Spain (X tons) was the main destination for semi-manufactured silver exports from Denmark, accounting for a X% share of total exports. Moreover, semi-manufactured silver exports to Spain exceeded the volume sent to the second major destination, Mexico (X tons), twofold. Sweden (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Spain amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (X% per year) and Sweden (X% per year).

In value terms, the largest markets for semi-manufactured silver exported from Denmark were Mexico ($X), Sweden ($X) and Poland ($X), together comprising X% of total exports. The UK, Norway, China, Hungary, Spain and Germany lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Spain, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average semi-manufactured silver export price stood at $X per ton in 2022, which is down by X% against the previous year. Overall, the export price saw a pronounced slump. The growth pace was the most rapid in 2019 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Norway ($X,119 per ton), while the average price for exports to Spain ($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 China (X%), while the prices for the other major destinations experienced more modest paces of growth.

Semi-Manufactured Silver Imports

Imports into Denmark

In 2022, overseas purchases of silver in semi-manufactured forms increased by X% to X tons, rising for the third year in a row after seven years of decline. Over the period under review, imports, however, showed a abrupt curtailment. The growth pace was the most rapid in 2021 when imports increased by X%. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, semi-manufactured silver imports shrank notably to $X in 2022. Overall, imports, however, continue to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Italy (X tons) constituted the largest supplier of semi-manufactured silver to Denmark, with a X% share of total imports. Moreover, semi-manufactured silver imports from Italy exceeded the figures recorded by the second-largest supplier, Germany (X tons), fivefold. Norway (X tons) ranked third in terms of total imports with a X% share.

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

In value terms, Italy ($X) constituted the largest supplier of silver in semi-manufactured forms to Denmark, comprising X% of total imports. The second position in the ranking was taken by Norway ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

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

Import Prices by Country

The average semi-manufactured silver import price stood at $X per ton in 2022, which is down by X% against the previous year. Overall, the import price, however, posted a strong expansion. The most prominent rate of growth was recorded in 2016 when the average import price increased by X%. Over the period under review, average import prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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