Eastern Europe: Semi-Manufactured Silver Market 2024

Semi-Manufactured Silver Market Size in Eastern Europe

The East European semi-manufactured silver market amounted to $X in 2022, leveling off at the previous year. Over the period under review, consumption, however, saw a slight reduction. Over the period under review, the market reached the peak level at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Semi-Manufactured Silver Production in Eastern Europe

In value terms, semi-manufactured silver production stood at $X in 2022 estimated in export price. Overall, production, however, recorded a slight contraction. The pace of growth was the most pronounced in 2013 when the production volume increased by X%. The level of production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Semi-Manufactured Silver Exports

Exports in Eastern Europe

In 2022, overseas shipments of silver in semi-manufactured forms increased by X% to X tons, rising for the third consecutive year after two years of decline. Over the period under review, exports enjoyed a remarkable increase. 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 in 2022 and are expected to retain growth in the near future.

In value terms, semi-manufactured silver exports soared to $X in 2022. In general, exports saw a buoyant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.

Exports by Country

In 2022, Russia (X tons) was the major exporter of silver in semi-manufactured forms, creating X% of total exports. It was distantly followed by Poland (X tons), Bulgaria (X tons) and Hungary (X tons), together constituting a X% share of total exports. The following exporters - the Czech Republic (X tons) and Slovakia (X tons) - each finished at a X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Bulgaria (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) remains the largest semi-manufactured silver supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was held by Bulgaria ($X), with a X% share of total exports. It was followed by Poland, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Russia totaled X%. In the other countries, the average annual rates were as follows: Bulgaria (X% per year) and Poland (X% per year).

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per ton, which is down by X% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the export price increased by X%. The level of export peaked at $X per ton in 2021, and then reduced rapidly in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Bulgaria ($X per ton), while Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (X%), while the other leaders experienced a decline in the export price figures.

Semi-Manufactured Silver Imports

Imports in Eastern Europe

For the third year in a row, Eastern Europe recorded growth in supplies from abroad of silver in semi-manufactured forms, which increased by X% to X tons in 2022. Overall, imports continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in the near future.

In value terms, semi-manufactured silver imports surged to $X in 2022. Over the period under review, imports posted a resilient expansion. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in years to come.

Imports by Country

The purchases of the four major importers of silver in semi-manufactured forms, namely Hungary, the Czech Republic, Bulgaria and Poland, represented more than two-thirds of total import. Russia (X tons) ranks next in terms of the total imports with an X% share, followed by Slovakia (X%).

From 2012 to 2022, the biggest increases were recorded for Bulgaria (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Bulgaria ($X), the Czech Republic ($X) and Poland ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

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

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2022, growing by X% against the previous year. Import price indicated mild growth from 2012 to 2022: its price 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, semi-manufactured silver import price increased by X% against 2019 indices. The pace of growth was the most pronounced in 2021 when the import price increased by X% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Bulgaria ($X per ton), while Hungary ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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