Estonia: Silver Market 2020

Silver Market Size in Estonia

The revenue of the silver market in Estonia amounted to $X in 2018, rising by X% against the previous year. In general, silver consumption, however, continues to indicate a mild setback. The pace of growth was the most pronounced in 2011 when the market value increased by X% y-o-y. Estonia silver consumption peaked at $X in 2012; however, from 2013 to 2018, consumption stood at a somewhat lower figure.

Silver Production in Estonia

In value terms, silver production stood at $X in 2018 estimated in export prices. In general, the total output indicated a measured expansion from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2012 when production volume increased by X% against the previous year. Estonia silver production peaked at $X in 2014; however, from 2015 to 2018, production remained at a lower figure.

Silver Exports

Exports from Estonia

In 2018, approx. X kg of silver including silver plated with gold or platinum were exported from Estonia; lowering by -X% against the previous year. Over the period under review, silver exports continue to indicate a mild drop. The pace of growth was the most pronounced in 2016 when exports increased by X% against the previous year. Estonia exports peaked at X tons in 2012; however, from 2013 to 2018, exports stood at a somewhat lower figure.

In value terms, silver exports totaled $X in 2018. Overall, silver exports continue to indicate a perceptible expansion. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. Over the period under review, silver exports attained their maximum at $X in 2012; however, from 2013 to 2018, exports failed to regain their momentum.

Exports by Country

In 2018, China, Hong Kong SAR (X tons) and Japan (X tons) represented the largest exporters of silver including silver plated with gold or platinumacross the globe, together making up X% of total exports. Mexico (X tons) ranks next in terms of the total exports with a X% share, followed by South Korea (X%), Germany (X%), the UK (X%), China (X%) and the U.S. (X%). Canada (X tons), Switzerland (X tons), Italy (X tons) and Poland (X tons) followed a long way behind the leaders.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by China, Hong Kong SAR, while the other leaders experienced more modest paces of growth.

In value terms, China, Hong Kong SAR ($X), Mexico ($X) and Japan ($X) appeared to be the countries with the highest levels of exports in 2018, with a combined X% share of total exports.

China, Hong Kong SAR experienced the highest rates of growth with regard to exports, in terms of the main exporting countries over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the silver export price in Estonia amounted to $X per ton, increasing by X% against the previous year. Overall, the silver export price continues to indicate a remarkable expansion. The most prominent rate of growth was recorded in 2014 an increase of X% y-o-y. In that year, the export prices for silver including silver plated with gold or platinum reached their peak level of $X per ton. From 2015 to 2018, the growth in terms of the export prices for silver including silver plated with gold or platinum remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was China, Hong Kong SAR ($X per ton), while Japan ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the U.S., while the other leaders experienced more modest paces of growth.

Silver Imports

Imports into Estonia

In 2018, approx. X tons of silver including silver plated with gold or platinum were imported into Estonia; declining by -X% against the previous year. Over the period under review, silver imports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. In that year, silver imports reached their peak of X tons. From 2012 to 2018, the growth of silver imports remained at a lower figure.

In value terms, silver imports stood at $X in 2018. Over the period under review, silver imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011 with an increase of X% y-o-y. In that year, silver imports attained their peak of $X. From 2012 to 2018, the growth of silver imports failed to regain its momentum.

Imports by Country

The countries with the highest levels of silver imports in 2018 were India (X tons), the U.S. (X tons) and the UK (X tons), together amounting to X% of total import. China (X tons) ranks next in terms of the total imports with a X% share, followed by China, Hong Kong SAR (X%) and Japan (X%). Germany (X tons), Thailand (X tons), Taiwan, Chinese (X tons), Singapore (X tons), South Korea (X tons) and Mexico (X tons) occupied a little share of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by India, while the other leaders experienced more modest paces of growth.

In value terms, the largest silver importing markets into Estonia were India ($X), the U.S. ($X) and the UK ($X), with a combined X% share of total imports. These countries were followed by Japan, China, China, Hong Kong SAR, Germany, Taiwan, Chinese, Thailand, Singapore, South Korea, Mexico and Estonia, which together accounted for a further X the main importing countries, Singapore experienced the highest rates of growth with regard to imports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The silver import price in Estonia stood at $X per ton in 2018, shrinking by -X% against the previous year. In general, the silver import price, however, continues to indicate strong growth. The most prominent rate of growth was recorded in 2009 an increase of X% year-to-year. Over the period under review, the import prices for silver including silver plated with gold or platinum attained their maximum at $X per ton in 2013; however, from 2014 to 2018, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Japan ($X per ton), while Mexico ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform