Eastern Europe: Semi-Manufactured Silver Market 2025

Semi-Manufactured Silver Market Size in Eastern Europe

The East European semi-manufactured silver market reached $X in 2021, picking up by 3.6% against the previous year. In general, consumption saw a resilient expansion. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Semi-Manufactured Silver Production in Eastern Europe

In value terms, semi-manufactured silver production rose remarkably to $X in 2021 estimated in export price. Overall, production, however, saw a temperate expansion. The most prominent rate of growth was recorded in 2017 when the production volume increased by 163% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Semi-Manufactured Silver Exports

Exports in Eastern Europe

In 2021, shipments abroad of silver in semi-manufactured forms increased by 42% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports, however, showed a deep downturn. The most prominent rate of growth was recorded in 2013 when exports increased by 52%. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, semi-manufactured silver exports skyrocketed to $X in 2021. Overall, exports, however, showed a abrupt decline. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The shipments of the three major exporters of silver in semi-manufactured forms, namely Bulgaria, Poland and Hungary, represented more than two-thirds of total export. Slovakia (X tons) held a 9.7% share (based on physical terms) of total exports, which put it in second place, followed by Lithuania (7.2%) and the Czech Republic (5.7%). Russia (X tons) held a little share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Bulgaria (with a CAGR of +64.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest semi-manufactured silver supplying countries in Eastern Europe were Bulgaria ($X), Poland ($X) and Hungary ($X), with a combined 85% share of total exports.

In terms of the main exporting countries, Bulgaria, with a CAGR of +60.3%, 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 export price in Eastern Europe stood at $X per ton in 2021, surging by 29% against the previous year. In general, the export price, however, continues to indicate a slight contraction. The most prominent rate of growth was recorded in 2014 when the export price increased by 124% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Bulgaria ($X per ton), while Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+7.4%), while the other leaders experienced mixed trends in the export price figures.

Semi-Manufactured Silver Imports

Imports in Eastern Europe

Semi-manufactured silver imports skyrocketed to X tons in 2021, jumping by 48% against 2020. Over the period under review, imports enjoyed a resilient expansion. The growth pace was the most rapid in 2013 with an increase of 291%. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, semi-manufactured silver imports skyrocketed to $X in 2021. Overall, imports posted a perceptible increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Hungary (X tons), distantly followed by the Czech Republic (X tons), Bulgaria (X tons), Poland (X tons), Russia (X tons) and Slovakia (X tons) were the main importers of silver in semi-manufactured forms, together generating 94% of total imports. Lithuania (X tons) held a relatively small share of total imports.

From 2012 to 2021, the biggest increases were recorded for Bulgaria (with a CAGR of +35.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X) constitutes the largest market for imported silver in semi-manufactured forms in Eastern Europe, comprising 34% of total imports. The second position in the ranking was held by Poland ($X), with a 16% share of total imports. It was followed by Hungary, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value in the Czech Republic stood at +5.5%. In the other countries, the average annual rates were as follows: Poland (-0.8% per year) and Hungary (+10.2% per year).

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2021, growing by 15% against the previous year. Overall, the import price, however, recorded a slight contraction. The pace of growth was the most pronounced in 2014 when the import price increased by 265% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while Hungary ($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 Czech Republic (+8.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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