Estonia: Semi-Manufactured Silver Market 2024

Semi-Manufactured Silver Market Size in Estonia

In 2022, the Estonian semi-manufactured silver market decreased by X% to $X for the first time since 2018, thus ending a three-year rising trend. Over the period under review, consumption, however, showed buoyant growth. Semi-manufactured silver consumption peaked at $X in 2021, and then fell sharply in the following year.

Semi-Manufactured Silver Production in Estonia

In value terms, semi-manufactured silver production amounted to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. Over the period under review, production attained the maximum level in 2022 and is likely to see steady growth in the near future.

Semi-Manufactured Silver Exports

Exports from Estonia

After four years of growth, overseas shipments of silver in semi-manufactured forms decreased by X% to X kg in 2022. Overall, exports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, semi-manufactured silver exports declined significantly to $X in 2022. In general, exports saw a precipitous shrinkage. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Russia (X kg), Poland (X kg) and Finland (X kg) were the main destinations of semi-manufactured silver exports from Estonia, with a combined X% share of total exports. Kazakhstan, the United States, Brazil, Latvia and Sweden lagged somewhat behind, together comprising a further X%.

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

In value terms, Poland ($X), Finland ($X) and Russia ($X) were the largest markets for semi-manufactured silver exported from Estonia worldwide, with a combined X% share of total exports. The United States, Latvia, Kazakhstan, Brazil and Sweden lagged somewhat behind, together comprising a further X%.

The United States, with a CAGR of X.2%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average semi-manufactured silver export price amounted to $X per kg, with a decrease of X% against the previous year. Overall, the export price saw a deep slump. The growth pace was the most rapid in 2017 an increase of X% against the previous year. The export price peaked at $X per kg in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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

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

Semi-Manufactured Silver Imports

Imports into Estonia

In 2022, after three years of growth, there was significant decline in purchases abroad of silver in semi-manufactured forms, when their volume decreased by X% to X tons. Over the period under review, imports, however, posted a prominent expansion. The pace of growth appeared the most rapid in 2016 when imports increased by X%. Imports peaked at X tons in 2021, and then reduced notably in the following year.

In value terms, semi-manufactured silver imports fell significantly to $X in 2022. In general, imports, however, posted a measured increase. The most prominent rate of growth was recorded in 2016 when imports increased by X%. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X tons), Finland (X tons) and Italy (X kg) were the main suppliers of semi-manufactured silver imports to Estonia, 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 China (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Finland ($X), China ($X) and the United States ($X) were the largest semi-manufactured silver suppliers to Estonia, with a combined X% share of total imports.

Among the main suppliers, China, with a CAGR of X%, saw 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 semi-manufactured silver import price amounted to $X per ton, rising by X% against the previous year. Overall, the import price, however, recorded a deep slump. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, 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 the United States ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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