France: Silver Market 2024

Silver Market Size in France

The French silver market expanded markedly to $X in 2022, growing by X% against the previous year. Over the period under review, consumption saw a pronounced downturn. Silver consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Silver Production in France

In value terms, silver production plummeted to $X in 2022 estimated in export price. Overall, production faced a dramatic descent. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. Silver production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Silver Exports

Exports from France

In 2022, silver exports from France shrank remarkably to X tons, dropping by X% against the previous year's figure. Overall, exports, however, showed a perceptible increase. The pace of growth was the most pronounced in 2021 when exports increased by X%. As a result, the exports attained the peak of X tons, and then shrank rapidly in the following year.

In value terms, silver exports declined to $X in 2022. Over the period under review, exports showed a deep setback. The most prominent rate of growth was recorded in 2021 with an increase of X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Canada (X tons), Mexico (X tons) and South Korea (X tons) were the main destinations of silver exports from France, with a combined X% share of total exports. Italy, Spain, Germany, the Czech Republic, the United States, Switzerland, the Netherlands, China, Algeria and Belgium lagged somewhat behind, together accounting for a further X%.

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

In value terms, Spain ($X), Italy ($X) and Switzerland ($X) constituted the largest markets for silver exported from France worldwide, together accounting for X% of total exports. China, Germany, the Netherlands, Algeria, South Korea, Canada, the Czech Republic, Mexico, the United States and Belgium lagged somewhat behind, together comprising a further X%.

The Netherlands, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of 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

The average silver export price stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, the export price, however, saw a abrupt setback. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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

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

Silver Imports

Imports into France

Silver imports into France dropped remarkably to X tons in 2022, falling by X% compared with the previous year's figure. In general, total imports indicated a temperate increase 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 most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports reached the peak of X tons, and then shrank rapidly in the following year.

In value terms, silver imports fell to $X in 2022. Overall, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then shrank in the following year.

Imports by Country

Germany (X tons), Switzerland (X tons) and Italy (X tons) were the main suppliers of silver imports to France, together accounting for X% of total imports. The United States, the UK, Spain and Turkey lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest silver suppliers to France were Germany ($X), Switzerland ($X) and Italy ($X), together comprising X% of total imports. The United States, Spain, the UK and Turkey lagged somewhat behind, together accounting for a further X%.

Turkey, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average silver import price amounted to $X per ton, picking up by X% against the previous year. Overall, the import price, however, saw a perceptible decline. The most prominent rate of growth was recorded in 2020 when the average import price increased by X%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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