United Kingdom: Silver Nitrate Market 2024

Silver Nitrate Market Size in the UK

After two years of decline, the UK silver nitrate market increased by X% to $X in 2022. Over the period under review, consumption saw a abrupt contraction. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Silver Nitrate Production in the UK

In value terms, silver nitrate production dropped slightly to $X in 2022 estimated in export price. Overall, production continues to indicate a sharp downturn. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Silver nitrate production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

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Silver Nitrate Exports

Exports from the UK

In 2022, after two years of growth, there was significant decline in overseas shipments of silver nitrate, when their volume decreased by X% to X tons. In general, exports showed a pronounced descent. 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 tons, and then fell rapidly in the following year.

In value terms, silver nitrate exports dropped significantly to $X in 2022. Over the period under review, exports recorded a slight reduction. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X, and then reduced dramatically in the following year.

Exports by Country

The Netherlands (X tons) was the main destination for silver nitrate exports from the UK, with a X% share of total exports. Moreover, silver nitrate exports to the Netherlands exceeded the volume sent to the second major destination, Germany (X tons), fivefold. France (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual growth rate of volume to the Netherlands stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and France (X% per year).

In value terms, the Netherlands ($X) remains the key foreign market for silver nitrate exports from the UK, comprising X% of total exports. The second position in the ranking was held by France ($X), with an X% share of total exports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the Netherlands totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and Germany (X% per year).

Export Prices by Country

The average silver nitrate export price stood at $X per ton in 2022, declining by X% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton, and then dropped in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Thailand ($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 the Netherlands (X%), while the prices for the other major destinations experienced more modest paces of growth.

Silver Nitrate Imports

Imports into the UK

In 2022, approx. X tons of silver nitrate were imported into the UK; shrinking by X% on the year before. In general, imports saw a drastic downturn. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, silver nitrate imports expanded remarkably to $X in 2022. Over the period under review, imports saw a deep setback. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Belgium (X tons) constituted the largest supplier of silver nitrate to the UK, with a X% share of total imports. Moreover, silver nitrate imports from Belgium exceeded the figures recorded by the second-largest supplier, Germany (X tons), sixfold. The United States (X kg) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Belgium amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and the United States (X% per year).

In value terms, Belgium ($X) constituted the largest supplier of silver nitrate to the UK, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

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

Import Prices by Country

The average silver nitrate import price stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, import price indicated a prominent increase from 2012 to 2022: its price 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, silver nitrate import price decreased by X% against 2020 indices. The growth pace was the most rapid in 2020 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2021 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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