Czech Republic: Silver Nitrate Market 2024

Silver Nitrate Market Size in the Czech Republic

For the third year in a row, the Czech silver nitrate market recorded growth in sales value, which increased by 46% to $X in 2021. Over the period under review, the total consumption indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +3.7% 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 +91.9% against 2018 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Silver Nitrate Exports

Exports from the Czech Republic

Silver nitrate exports from the Czech Republic reduced to X tons in 2021, dropping by -13% on the previous year's figure. Overall, exports, however, posted a resilient increase. The most prominent rate of growth was recorded in 2018 when exports increased by 87%. As a result, the exports reached the peak of X tons. From 2019 to 2021, the growth of the exports failed to regain momentum.

In value terms, silver nitrate exports rose sharply to $X in 2021. In general, exports, however, recorded strong growth. The pace of growth appeared the most rapid in 2018 when exports increased by 74%. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Italy (X tons), Germany (X tons) and the Netherlands (X kg) were the main destinations of silver nitrate exports from the Czech Republic, with a combined 73% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Italy (with a CAGR of +291.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for silver nitrate exported from the Czech Republic were Italy ($X), Germany ($X) and Poland ($X), with a combined 73% share of total exports.

Among the main countries of destination, Italy, with a CAGR of +305.3%, saw the highest rates of growth with regard to 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 nitrate export price stood at $X per ton in 2021, growing by 22% against the previous year. Overall, the export price, however, recorded a noticeable decrease. The pace of growth appeared the most rapid in 2020 an increase of 26%. 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 stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Austria ($X per ton), while the average price for exports to Belgium ($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 Germany (+10.8%), while the prices for the other major destinations experienced more modest paces of growth.

Silver Nitrate Imports

Imports into the Czech Republic

After two years of decline, purchases abroad of silver nitrate increased by 55% to X tons in 2021. Over the period under review, total imports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +7.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, silver nitrate imports surged to $X in 2021. Overall, total imports indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +2.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +69.6% against 2019 indices. The pace of growth was the most pronounced in 2020 when imports increased by 38% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, the Netherlands (X tons) was the main supplier of silver nitrate to the Czech Republic, accounting for a 96% share of total imports. It was followed by the UK (X tons), with a 2.5% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from the Netherlands totaled +213.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-27.5% per year) and France (-57.6% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of silver nitrate to the Czech Republic, comprising 96% of total imports. The second position in the ranking was taken by the UK ($X), with a 2.5% share of total imports.

From 2012 to 2021, the average annual growth rate of value from the Netherlands stood at +279.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-31.1% per year) and France (-69.2% per year).

Import Prices by Country

The average silver nitrate import price stood at $X per ton in 2021, shrinking by -20.5% against the previous year. Over the period under review, the import price showed a pronounced contraction. The pace of growth appeared the most rapid in 2020 an increase of 44%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for France ($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 Netherlands (+20.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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