Netherlands: Silver Market 2025

Silver Market Size in the Netherlands

The Dutch silver market contracted modestly to $X in 2021, reducing by -4.5% against the previous year. Over the period under review, the total consumption indicated a noticeable increase from 2012 to 2021: its value increased at an average annual rate of +4.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +15.1% against 2019 indices. Silver consumption peaked at $X in 2016; however, from 2017 to 2021, consumption remained at a lower figure.

Silver Production in the Netherlands

In value terms, silver production reduced to $X in 2021 estimated in export price. In general, production continues to indicate a slight shrinkage. The growth pace was the most rapid in 2020 when the production volume increased by 25%. Silver production peaked at $X in 2016; however, from 2017 to 2021, production remained at a lower figure.

Silver Exports

Exports from the Netherlands

In 2021, silver exports from the Netherlands dropped sharply to X tons, which is down by -18.9% against 2020. Overall, exports faced a deep setback. The pace of growth was the most pronounced in 2016 when exports increased by 34% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, silver exports reduced to $X in 2021. Over the period under review, exports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2020 with an increase of 52%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons) was the main destination for silver exports from the Netherlands, accounting for a 53% share of total exports. Moreover, silver exports to Germany exceeded the volume sent to the second major destination, Belgium (X tons), threefold. The third position in this ranking was taken by Taiwan (Chinese) (X tons), with a 4.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany amounted to -22.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (-8.5% per year) and Taiwan (Chinese) (-1.1% per year).

In value terms, Germany ($X) remains the key foreign market for silver including silver plated with gold or platinum exports from the Netherlands, comprising 58% of total exports. The second position in the ranking was taken by Belgium ($X), with a 17% share of total exports. It was followed by Morocco, with a 7.7% share.

From 2012 to 2021, the average annual growth rate of value to Germany stood at -16.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (-1.4% per year) and Morocco (+179.9% per year).

Export Prices by Country

The average silver export price stood at $X per ton in 2021, growing by 15% against the previous year. In general, export price indicated prominent growth from 2012 to 2021: its price increased at an average annual rate of +6.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, silver export price increased by +52.3% against 2018 indices. The most prominent rate of growth was recorded in 2014 an increase of 42% against the previous year. The export price peaked in 2021 and is likely to continue growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+15.3%), while the prices for the other major destinations experienced more modest paces of growth.

Silver Imports

Imports into the Netherlands

In 2021, purchases abroad of silver including silver plated with gold or platinum increased by 17% to X tons, rising for the second year in a row after two years of decline. Overall, imports, however, continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2017 when imports increased by 50%. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, silver imports soared to $X in 2021. In general, imports, however, recorded a abrupt descent. The most prominent rate of growth was recorded in 2020 with an increase of 31%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of silver to the Netherlands, with a 36% share of total imports. Moreover, silver imports from Germany exceeded the figures recorded by the second-largest supplier, the United States (X tons), twofold. The third position in this ranking was held by Spain (X tons), with a 16% share.

From 2012 to 2021, the average annual growth rate of volume from Germany amounted to -15.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-1.3% per year) and Spain (+10.6% per year).

In value terms, the largest silver suppliers to the Netherlands were Germany ($X), the United States ($X) and the UK ($X), with a combined 76% share of total imports. Spain, Italy, France, Belgium, Taiwan (Chinese) and Poland lagged somewhat behind, together comprising a further 21%.

In terms of the main suppliers, Spain, with a CAGR of +6.8%, recorded the highest rates of growth with regard to 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 2021, the average silver import price amounted to $X per ton, rising by 11% against the previous year. Overall, the import price, however, saw a perceptible downturn. The most prominent rate of growth was recorded in 2016 an increase of 19% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, 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 ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+2.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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