France: Unwrought Silver Market 2024

Unwrought Silver Market Size in France

After two years of growth, the French unwrought silver market decreased by X% to $X in 2023. Overall, consumption recorded a noticeable shrinkage. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2023, consumption failed to regain momentum.

Unwrought Silver Production in France

In value terms, unwrought silver production soared to $X in 2023 estimated in export price. In general, production recorded a abrupt descent. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2023, production failed to regain momentum.

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Unwrought Silver Exports

Exports from France

In 2023, approx. X tons of silver, unwrought or in powder form were exported from France; which is down by X% against the previous year's figure. In general, total exports indicated buoyant growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

In value terms, unwrought silver exports totaled $X in 2023. Over the period under review, exports continue to indicate a perceptible decline. The growth pace was the most rapid in 2021 when exports increased by X%. The exports peaked at $X in 2013; however, from 2014 to 2023, the exports failed to regain momentum.

Exports by Country

South Korea (X tons) was the main destination for unwrought silver exports from France, accounting for a X% share of total exports. Moreover, unwrought silver exports to South Korea exceeded the volume sent to the second major destination, the United States (X tons), twofold. The third position in this ranking was held by Italy (X tons), with a X% share.

From 2012 to 2023, the average annual growth rate of volume to South Korea stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Italy (X% per year).

In value terms, Italy ($X) emerged as the key foreign market for silver, unwrought or in powder form exports from France, comprising X% of total exports. The second position in the ranking was taken by Germany ($X), with an X% share of total exports. It was followed by Switzerland, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to Italy amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Switzerland (X% per year).

Export Prices by Country

The average unwrought silver export price stood at $X per ton in 2023, with an increase of X% against the previous year. Over the period under review, the export price, however, saw a deep setback. The most prominent rate of growth was recorded in 2022 when the average export price increased by X%. The export price peaked at $X per ton in 2012; however, from 2013 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2023, amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (X%), while the prices for the other major destinations experienced a decline.

Unwrought Silver Imports

Imports into France

In 2023, overseas purchases of silver, unwrought or in powder form decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when imports increased by X%. Imports peaked at X tons in 2015; however, from 2016 to 2023, imports failed to regain momentum.

In value terms, unwrought silver imports dropped sharply to $X in 2023. In general, imports saw a slight descent. 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. From 2022 to 2023, the growth of imports remained at a lower figure.

Imports by Country

Germany (X tons), Switzerland (X tons) and the United States (X tons) were the main suppliers of unwrought silver imports to France, with a combined X% share of total imports. Italy, the Czech Republic, Belgium, Hungary, Spain and Sweden lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the biggest increases were recorded for the Czech Republic (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Switzerland ($X) and the United States ($X) appeared to be the largest unwrought silver suppliers to France, with a combined X% share of total imports. Italy, the Czech Republic, Belgium, Spain, Sweden and Hungary lagged somewhat behind, together comprising a further X%.

Among the main suppliers, the Czech Republic, with a CAGR of X%, recorded 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 2023, the average unwrought silver import price amounted to $X per ton, waning by X% against the previous year. Over the period under review, the import price saw a pronounced shrinkage. The most prominent rate of growth was recorded in 2020 when the average import price increased by X% against the previous year. The import price peaked at $X,309 per ton in 2012; however, from 2013 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Hungary ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Hungary (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform