Ireland: Semi-Manufactured Silver Market 2024

Semi-Manufactured Silver Market Size in Ireland

The Irish semi-manufactured silver market reached $X in 2022, with an increase of X% against the previous year. Over the period under review, consumption, however, continues to indicate a abrupt contraction. Semi-manufactured silver consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Semi-Manufactured Silver Production in Ireland

In value terms, semi-manufactured silver production contracted modestly to $X in 2022 estimated in export price. In general, production showed a drastic downturn. The most prominent rate of growth was recorded in 2019 when the production volume increased by X%. Semi-manufactured silver production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

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Semi-Manufactured Silver Exports

Exports from Ireland

In 2022, overseas shipments of silver in semi-manufactured forms increased by X% to X tons, rising for the eighth consecutive year after two years of decline. Over the period under review, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2017 when exports increased by X%. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in years to come.

In value terms, semi-manufactured silver exports fell to $X in 2022. Overall, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by X%. As a result, the exports attained the peak of $X, and then fell in the following year.

Exports by Country

The UK (X tons) was the main destination for semi-manufactured silver exports from Ireland, with a X% share of total exports. Moreover, semi-manufactured silver exports to the UK exceeded the volume sent to the second major destination, the United States (X tons), threefold.

From 2012 to 2022, the average annual growth rate of volume to the UK stood at X%.

In value terms, the UK ($X) and the United States ($X) constituted the largest markets for semi-manufactured silver exported from Ireland worldwide.

The UK, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review.

Export Prices by Country

The average semi-manufactured silver export price stood at $X per ton in 2022, declining by X% against the previous year. In general, the export price, however, posted prominent growth. The growth pace was the most rapid in 2013 an increase of X%. Over the period under review, the average export prices attained the maximum at $X per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to the UK stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%), while the prices for the other major destinations experienced a decline.

Semi-Manufactured Silver Imports

Imports into Ireland

In 2022, purchases abroad of silver in semi-manufactured forms increased by X% to X tons, rising for the third year in a row after three years of decline. Over the period under review, imports enjoyed a significant increase. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, semi-manufactured silver imports skyrocketed to $X in 2022. In general, imports posted a resilient increase. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

Belgium (X tons), Germany (X tons) and the United States (X tons) were the main suppliers of semi-manufactured silver imports to Ireland, with a combined X% share of total imports. The Netherlands, the UK, Italy and Denmark lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of X.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of silver in semi-manufactured forms to Ireland, comprising X% of total imports. The second position in the ranking was held by the UK ($X), with a X% share of total imports. It was followed by the Netherlands, with an X% share.

From 2012 to 2022, the average annual growth rate of value from the United States stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (X% per year) and the Netherlands (X.8% per year).

Import Prices by Country

The average semi-manufactured silver import price stood at $X per ton in 2022, waning by X% against the previous year. Over the period under review, the import price faced a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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 the UK ($X per ton), while the price for Belgium ($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 prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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