Europe: Semi-Manufactured Silver Market 2024

Semi-Manufactured Silver Market Size in Europe

The Europe semi-manufactured silver market contracted modestly to $X in 2022, remaining stable against the previous year. In general, consumption, however, recorded a noticeable decline. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Semi-Manufactured Silver Production in Europe

In value terms, semi-manufactured silver production dropped modestly to $X in 2022 estimated in export price. Overall, production, however, showed a slight downturn. The growth pace was the most rapid in 2013 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Semi-Manufactured Silver Exports

Exports in Europe

In 2022, approx. X tons of silver in semi-manufactured forms were exported in Europe; with an increase of X% against 2021 figures. Total exports indicated noticeable 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, exports increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2020 when exports increased by X%. The volume of export peaked in 2022 and is expected to retain growth in years to come.

In value terms, semi-manufactured silver exports rose notably to $X in 2022. In general, exports continue to indicate a measured expansion. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. 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), distantly followed by Italy (X tons), the UK (X tons), Spain (X tons), Russia (X tons) and France (X tons) were the major exporters of silver in semi-manufactured forms, together creating X% of total exports. Poland (X tons) and the Netherlands (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Russia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the UK ($X) and Spain ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined X% share of total exports. Italy, Russia, France, Poland and the Netherlands lagged somewhat behind, together comprising a further X%.

Russia, 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

In 2022, the export price in Europe amounted to $X per ton, falling by X% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2021, and then shrank in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the UK ($X per ton), while Poland ($X per ton) was amongst the lowest.

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

Semi-Manufactured Silver Imports

Imports in Europe

In 2022, imports of silver in semi-manufactured forms in Europe contracted significantly to X tons, which is down by X% against the previous year. Total imports indicated moderate 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 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, imports reached the peak of X tons, and then fell sharply in the following year.

In value terms, semi-manufactured silver imports dropped notably to $X in 2022. In general, imports, however, recorded mild growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of $X, and then fell notably in the following year.

Imports by Country

Spain (X tons) and the UK (X tons) were the major importers of silver in semi-manufactured forms in 2022, reaching approx. X% and X% of total imports, respectively. It was distantly followed by Germany (X tons), France (X tons), Hungary (X tons), Italy (X tons) and Belgium (X tons), together creating a X% share of total imports. The Czech Republic (X tons), Denmark (X tons), Austria (X tons), Bulgaria (X tons), Poland (X tons) and Switzerland (X tons) held a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Bulgaria (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X) constitutes the largest market for imported silver in semi-manufactured forms in Europe, comprising X% of total imports. The second position in the ranking was taken by Spain ($X), with an X% share of total imports. It was followed by Bulgaria, with a X% share.

In the UK, semi-manufactured silver imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Spain (X% per year) and Bulgaria (X% per year).

Import Prices by Country

The import price in Europe stood at $X per ton in 2022, which is down by X% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the import price increased by X%. Over the period under review, import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :