EU: Semi-Manufactured Silver Market 2024

Semi-Manufactured Silver Market Size in the EU

The EU semi-manufactured silver market soared to $X in 2021, jumping by 47% against the previous year. Over the period under review, consumption continues to indicate a prominent expansion. The level of consumption peaked in 2021 and is likely to continue growth in years to come.

Semi-Manufactured Silver Production in the EU

In value terms, semi-manufactured silver production skyrocketed to $X in 2021 estimated in export price. Overall, production saw resilient growth. The growth pace was the most rapid in 2020 when the production volume increased by 74% against the previous year. The level of production peaked in 2021 and is expected to retain growth in the near future.

Semi-Manufactured Silver Exports

Exports in the EU

In 2021, the amount of silver in semi-manufactured forms exported in the European Union skyrocketed to X tons, rising by 21% against 2020 figures. The total export volume increased at an average annual rate of +2.2% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, semi-manufactured silver exports surged to $X in 2021. Over the period under review, exports recorded a mild expansion. The pace of growth appeared the most rapid in 2020 with an increase of 46% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Germany (X tons) and Italy (X tons) were the major exporters of silver in semi-manufactured forms in 2021, finishing at near 37% and 25% of total exports, respectively. Spain (X tons) took a 16% share (based on physical terms) of total exports, which put it in second place, followed by France (14%).

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by France (with a CAGR of +7.8%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest semi-manufactured silver supplier in the European Union, comprising 46% of total exports. The second position in the ranking was taken by Spain ($X), with a 20% share of total exports. It was followed by Italy, with a 19% share.

In Germany, semi-manufactured silver exports expanded at an average annual rate of +2.4% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Spain (+10.9% per year) and Italy (+5.6% per year).

Export Prices by Country

The export price in the European Union stood at $X per ton in 2021, increasing by 20% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the export price increased by 38% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Spain ($X per ton), while France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+7.7%), while the other leaders experienced more modest paces of growth.

Semi-Manufactured Silver Imports

Imports in the EU

Semi-manufactured silver imports surged to X tons in 2021, increasing by 67% on the previous year's figure. In general, imports enjoyed a tangible increase. The volume of import peaked at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, semi-manufactured silver imports skyrocketed to $X in 2021. Overall, imports recorded a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Spain (X tons), distantly followed by France (X tons), Germany (X tons), Italy (X tons), Hungary (X tons) and Belgium (X tons) represented the major importers of silver in semi-manufactured forms, together comprising 77% of total imports. The Czech Republic (X tons), Bulgaria (X tons), Austria (X tons), Poland (X tons), Denmark (X tons) and the Netherlands (X tons) took a minor 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 largest semi-manufactured silver importing markets in the European Union were Spain ($X), Germany ($X) and France ($X), with a combined 49% share of total imports. These countries were followed by Italy, Austria, the Czech Republic, Belgium, Poland, the Netherlands, Hungary, Bulgaria and Denmark, which together accounted for a further 42%.

In terms of the main importing countries, Bulgaria, with a CAGR of +34.2%, recorded the highest growth rate of 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

In 2021, the import price in the European Union amounted to $X per ton, reducing by -1.9% against the previous year. In general, the import price recorded a noticeable decline. The pace of growth was the most pronounced in 2014 an increase of 29% 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.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Austria ($X per ton), while Hungary ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+18.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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