Austria: Unwrought Silver Market 2025

Unwrought Silver Market Size in Austria

In 2021, the Austrian unwrought silver market increased by 27% to $X, rising for the fourth consecutive year after two years of decline. In general, consumption showed a significant increase. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Unwrought Silver Production in Austria

In value terms, unwrought silver production fell markedly to $X in 2021 estimated in export price. Overall, production, however, recorded strong growth. The most prominent rate of growth was recorded in 2020 when the production volume increased by 53%. As a result, production reached the peak level of $X, and then shrank markedly in the following year.

Unwrought Silver Exports

Exports from Austria

In 2021, shipments abroad of silver, unwrought or in powder form increased by 133% to X tons, rising for the second consecutive year after three years of decline. Overall, exports, however, showed a deep setback. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, unwrought silver exports skyrocketed to $X in 2021. In general, exports, however, recorded a abrupt setback. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Germany (X tons) was the main destination for unwrought silver exports from Austria, accounting for a 64% share of total exports. Moreover, unwrought silver exports to Germany exceeded the volume sent to the second major destination, the Czech Republic (X tons), sevenfold. France (X tons) ranked third in terms of total exports with a 5.7% share.

From 2012 to 2021, the average annual growth rate of volume to Germany stood at -3.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (-0.4% per year) and France (+48.4% per year).

In value terms, Germany ($X) remains the key foreign market for silver, unwrought or in powder form exports from Austria, comprising 63% of total exports. The second position in the ranking was held by the Czech Republic ($X), with a 9.3% share of total exports. It was followed by France, with a 5.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany stood at -6.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (-2.5% per year) and France (+42.2% per year).

Export Prices by Country

In 2021, the average unwrought silver export price amounted to $X per ton, jumping by 18% against the previous year. Overall, the export price, however, showed a pronounced decrease. The pace of growth appeared the most rapid in 2020 an increase of 22%. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Spain ($X per ton) and Hungary ($X per ton), while the average price for exports to Belgium ($X per ton) and Germany ($X per ton) were 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 (+24.8%), while the prices for the other major destinations experienced more modest paces of growth.

Unwrought Silver Imports

Imports into Austria

In 2021, supplies from abroad of silver, unwrought or in powder form increased by 42% to X tons, rising for the fourth consecutive year after two years of decline. In general, imports recorded a buoyant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 242% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, unwrought silver imports surged to $X in 2021. Over the period under review, imports posted a remarkable increase. The most prominent rate of growth was recorded in 2013 with an increase of 145%. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Switzerland (X tons), Germany (X tons) and the UK (X tons) were the main suppliers of unwrought silver imports to Austria, with a combined 99% share of total imports.

From 2012 to 2021, the biggest increases were recorded for the UK (with a CAGR of +200.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest unwrought silver suppliers to Austria were Switzerland ($X), Germany ($X) and the UK ($X), together comprising 99% of total imports.

In terms of the main suppliers, the UK, with a CAGR of +173.0%, 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 2021, the average unwrought silver import price amounted to $X per ton, picking up by 15% against the previous year. In general, the import price, however, showed a pronounced slump. The pace of growth was the most pronounced in 2020 an increase of 42%. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Switzerland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (-2.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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