Europe: Silver Nitrate Market 2024

Silver Nitrate Market Size in Europe

The Europe silver nitrate market contracted significantly to $X in 2022, which is down by X% against the previous year. In general, consumption saw a abrupt setback. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Silver Nitrate Production in Europe

In value terms, silver nitrate production skyrocketed to $X in 2022 estimated in export price. Overall, production, however, recorded a deep reduction. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Silver Nitrate Exports

Exports in Europe

For the third consecutive year, Europe recorded growth in shipments abroad of silver nitrate, which increased by X% to X tons in 2022. Over the period under review, exports continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in years to come.

In value terms, silver nitrate exports contracted to $X in 2022. Overall, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports reached the peak of $X, and then shrank in the following year.

Exports by Country

The Netherlands represented the main exporter of silver nitrate in Europe, with the volume of exports reaching X tons, which was near X% of total exports in 2022. France (X tons) ranks second in terms of the total exports with a X% share, followed by the UK (X%) and Belgium (X%). Germany (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of X%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, the largest silver nitrate supplying countries in Europe were the UK ($X), the Netherlands ($X) and Belgium ($X), together accounting for X% of total exports.

The Netherlands, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2022, the export price in Europe amounted to $X per ton, with a decrease of X% against the previous year. In general, the export price saw a noticeable decline. The pace of growth was the most pronounced in 2019 an increase of X%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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

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

Silver Nitrate Imports

Imports in Europe

In 2022, approx. X tons of silver nitrate were imported in Europe; with a decrease of X% compared with 2021 figures. In general, imports recorded a perceptible curtailment. The pace of growth appeared the most rapid in 2021 when imports increased by X%. As a result, imports reached the peak of X tons, and then contracted significantly in the following year.

In value terms, silver nitrate imports contracted significantly to $X in 2022. Over the period under review, imports recorded a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The Netherlands was the largest importer of silver nitrate in Europe, with the volume of imports recording X tons, which was near X% of total imports in 2022. It was distantly followed by Italy (X tons), Germany (X tons), Belgium (X tons), France (X tons), Poland (X tons), Spain (X tons) and the Czech Republic (X tons), together comprising a X% share of total imports.

The Netherlands was also the fastest-growing in terms of the silver nitrate imports, with a CAGR of X% from 2012 to 2022. At the same time, Spain (X%) and Italy (X%) displayed positive paces of growth. By contrast, Poland (X%), the Czech Republic (X%), Belgium (X%), Germany (X%) and France (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the Netherlands, Italy and Spain increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) constitutes the largest market for imported silver nitrate in Europe, comprising X% of total imports. The second position in the ranking was taken by Germany ($X), with a X% share of total imports. It was followed by the Czech Republic, with an X% share.

From 2012 to 2022, the average annual growth rate of value in the Netherlands totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Germany (X% per year) and the Czech Republic (X% per year).

Import Prices by Country

The import price in Europe stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, the import price, however, continues to indicate a noticeable reduction. The growth pace was the most rapid in 2020 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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