Croatia: Silver Market 2025

Silver Market Size in Croatia

The Croatian silver market skyrocketed to $X in 2021, rising by 65% 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). Over the period under review, the total consumption indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +7.4% 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 +68.7% against 2018 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Silver Exports

Exports from Croatia

In 2021, exports of silver including silver plated with gold or platinum from Croatia contracted modestly to X kg, with a decrease of -3.3% on 2020 figures. Overall, exports faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 when exports increased by 22% 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 reached $X in 2021. Over the period under review, exports saw a abrupt curtailment. The growth pace was the most rapid in 2020 when exports increased by 39%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Italy (X kg), Germany (X kg) and Slovenia (X kg) were the main destinations of silver exports from Croatia, with a combined 89% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +112.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for silver exported from Croatia were Germany ($X), Italy ($X) and Slovenia ($X), with a combined 96% share of total exports.

In terms of the main countries of destination, Germany, with a CAGR of +112.4%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average silver export price stood at $X per ton in 2021, picking up by 12% against the previous year. In general, export price indicated pronounced growth from 2012 to 2021: its price increased at an average annual rate of +2.6% 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 +60.7% against 2015 indices. The pace of growth appeared the most rapid in 2013 an increase of 21%. Over the period under review, the average export prices attained the maximum in 2021 and is likely to see steady 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 ($X per ton), while the average price for exports to Bosnia and Herzegovina ($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 Slovenia (+5.9%), while the prices for the other major destinations experienced more modest paces of growth.

Silver Imports

Imports into Croatia

In 2021, supplies from abroad of silver including silver plated with gold or platinum increased by 26% to X tons for the first time since 2014, thus ending a six-year declining trend. In general, imports, however, continue to indicate a noticeable curtailment. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, silver imports skyrocketed to $X in 2021. Overall, imports, however, recorded a relatively flat trend pattern. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Germany (X tons), Italy (X tons) and Austria (X kg) were the main suppliers of silver imports to Croatia, together comprising 87% of total imports. These countries were followed by Bulgaria and Slovenia, which together accounted for a further 10%.

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 +83.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest silver suppliers to Croatia were Austria ($X), Germany ($X) and Italy ($X), together accounting for 81% of total imports. Bulgaria and Slovenia lagged somewhat behind, together accounting for a further 16%.

Among the main suppliers, Bulgaria, with a CAGR of +125.3%, 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

The average silver import price stood at $X per ton in 2021, jumping by 31% against the previous year. Over the period under review, import price indicated a tangible expansion from 2012 to 2021: its price increased at an average annual rate of +3.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, silver import price increased by +64.8% against 2018 indices. As a result, import price attained 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 ($X per ton), while the price for Germany ($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 (+22.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :