EU: Semi-Manufactured Silver Market 2024

Semi-Manufactured Silver Market Size in the EU

The EU semi-manufactured silver market reduced slightly to $X in 2022, remaining stable against the previous year. Overall, consumption, however, continues to indicate a abrupt decline. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Semi-Manufactured Silver Production in the EU

In value terms, semi-manufactured silver production reduced slightly to $X in 2022 estimated in export price. In general, production, however, recorded a perceptible reduction. The growth pace was the most rapid in 2014 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Semi-Manufactured Silver Exports

Exports in the EU

For the fourth consecutive year, the European Union recorded growth in shipments abroad of silver in semi-manufactured forms, which increased by X% to X tons in 2022. The total export volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in the near future.

In value terms, semi-manufactured silver exports expanded significantly to $X in 2022. Overall, exports continue to indicate a tangible increase. The most prominent rate of growth was recorded in 2020 with an increase of X%. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

In 2022, Germany (X tons) represented the main exporter of silver in semi-manufactured forms, mixing up X% of total exports. Italy (X tons) ranks second in terms of the total exports with a X% share, followed by Spain (X%), France (X%) and Poland (X%). The following exporters - the Netherlands (X tons) and Bulgaria (X tons) - each accounted for 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, the largest semi-manufactured silver supplying countries in the European Union were Germany ($X), Spain ($X) and Italy ($X), together comprising X% of total exports. France, Bulgaria, Poland and the Netherlands lagged somewhat behind, together accounting for a further X%.

Bulgaria, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the European Union stood at $X per ton in 2022, with a decrease of X% against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2021, and then reduced 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 ($X per ton), while Poland ($X per ton) was amongst the lowest.

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

Semi-Manufactured Silver Imports

Imports in the EU

After two years of growth, supplies from abroad of silver in semi-manufactured forms decreased by X% to X tons in 2022. Total imports indicated perceptible growth from 2012 to 2022: its volume 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, imports increased by X% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons, and then contracted in the following year.

In value terms, semi-manufactured silver imports amounted to $X in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

In 2022, Spain (X tons), distantly followed by Germany (X tons), France (X tons), Hungary (X tons), Italy (X tons), Belgium (X tons), the Czech Republic (X tons), Denmark (X tons) and Austria (X tons) were the largest importers of silver in semi-manufactured forms, together constituting X% of total imports.

Imports into Spain increased at an average annual rate of X% from 2012 to 2022. At the same time, Hungary (X%), Belgium (X%), France (X%) and the Czech Republic (X%) displayed positive paces of growth. Moreover, Hungary emerged as the fastest-growing importer imported in the European Union, with a CAGR of X% from 2012-2022. Italy experienced a relatively flat trend pattern. By contrast, Germany (X%), Austria (X%) and Denmark (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Spain, Hungary, Belgium and France increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Spain ($X), Germany ($X) and Austria ($X) were the countries with the highest levels of imports in 2022, together accounting for X% of total imports. France, Italy, the Czech Republic, Belgium, Hungary and Denmark lagged somewhat behind, together accounting for a further X%.

Belgium, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of 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

In 2022, the import price in the European Union amounted to $X per ton, rising by X% against the previous year. Overall, the import price, however, recorded a mild decline. The most prominent rate of growth was recorded in 2016 when the import price increased by X% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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