Croatia: Semi-Manufactured Silver Market 2025

Semi-Manufactured Silver Market Size in Croatia

The Croatian semi-manufactured silver market skyrocketed to $X in 2021, with an increase of 99% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated pronounced growth from 2012 to 2021: its value increased at an average annual rate of +4.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Semi-Manufactured Silver Exports

Exports from Croatia

Semi-manufactured silver exports from Croatia fell significantly to X kg in 2021, declining by -48.7% on the previous year's figure. Overall, exports saw a significant decline. The pace of growth was the most pronounced in 2020 when exports increased by 83%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, semi-manufactured silver exports shrank dramatically to $X in 2021. In general, exports recorded a sharp decrease. The most prominent rate of growth was recorded in 2020 with an increase of 122% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Italy (X kg) was the main destination for semi-manufactured silver exports from Croatia, with a 70% share of total exports. Moreover, semi-manufactured silver exports to Italy exceeded the volume sent to the second major destination, Bosnia and Herzegovina (X kg), eightfold. The third position in this ranking was taken by Germany (X kg), with an 8.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Italy totaled -23.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bosnia and Herzegovina (+26.6% per year) and Germany (+57.5% per year).

In value terms, Italy ($X) remains the key foreign market for silver in semi-manufactured forms exports from Croatia, comprising 70% of total exports. The second position in the ranking was taken by Germany ($X), with a 22% share of total exports. It was followed by Slovenia, with a 3.4% share.

From 2012 to 2021, the average annual growth rate of value to Italy amounted to -21.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+74.1% per year) and Slovenia (-4.6% per year).

Export Prices by Country

In 2021, the average semi-manufactured silver export price amounted to $X per ton, increasing by 11% against the previous year. Over the period under review, export price indicated a noticeable increase from 2012 to 2021: its price increased at an average annual rate of +2.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, semi-manufactured silver export price increased by +62.8% against 2017 indices. The most prominent rate of growth was recorded in 2013 when the average export price increased by 22% against the previous year. The export price peaked in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to North Macedonia ($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 Bosnia and Herzegovina (+8.4%), while the prices for the other major destinations experienced more modest paces of growth.

Semi-Manufactured Silver Imports

Imports into Croatia

In 2021, after three years of decline, there was significant growth in supplies from abroad of silver in semi-manufactured forms, when their volume increased by 30% to X tons. Overall, imports, however, saw a abrupt decline. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, semi-manufactured silver imports skyrocketed to $X in 2021. In general, imports, however, continue to indicate a abrupt slump. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Germany (X tons), Italy (X kg) and Bulgaria (X kg) were the main suppliers of semi-manufactured silver imports to Croatia, together comprising 90% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Bulgaria (with a CAGR of +83.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of silver in semi-manufactured forms to Croatia, comprising 44% of total imports. The second position in the ranking was taken by Italy ($X), with a 22% share of total imports. It was followed by Bulgaria, with a 20% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany amounted to -12.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+8.5% per year) and Bulgaria (+125.3% per year).

Import Prices by Country

In 2021, the average semi-manufactured silver import price amounted to $X per ton, growing by 39% against the previous year. Over the period under review, import price indicated a modest increase from 2012 to 2021: its price increased at an average annual rate of +1.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, semi-manufactured silver import price increased by +76.1% against 2015 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bulgaria (+23.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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