Europe: Silver Nitrate Market 2024

Silver Nitrate Market Size in Europe

The Europe silver nitrate market rose sharply to $X in 2021, surging by 8.6% against the previous year. Overall, consumption, however, showed a pronounced decline. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Silver Nitrate Production in Europe

In value terms, silver nitrate production dropped dramatically to $X in 2021 estimated in export price. In general, production, however, saw a deep slump. The most prominent rate of growth was recorded in 2020 when the production volume increased by 20%. The level of production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Silver Nitrate Exports

Exports in Europe

In 2021, the amount of silver nitrate exported in Europe skyrocketed to X tons, picking up by 56% on the previous year's figure. Total exports indicated a pronounced increase from 2012 to 2021: its volume increased at an average annual rate of +3.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +45.2% against 2018 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, silver nitrate exports skyrocketed to $X in 2021. In general, exports enjoyed slight growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

France (X tons) and the UK (X tons) were the largest exporters of silver nitrate in 2021, accounting for approx. 33% and 30% of total exports, respectively. Belgium (X tons) ranks next in terms of the total exports with a 17% share, followed by the Netherlands (8.9%). The following exporters - Germany (X tons) and Italy (X tons) - together made up 7.4% of total exports.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +29.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X) remains the largest silver nitrate supplier in Europe, comprising 58% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 17% share of total exports. It was followed by Belgium, with an 8.6% share.

In the UK, silver nitrate exports expanded at an average annual rate of +2.0% over the period from 2012-2021. In the other countries, the average annual rates were as follows: the Netherlands (+43.4% per year) and Belgium (-6.6% per year).

Export Prices by Country

In 2021, the export price in Europe amounted to $X per ton, growing by 7.7% against the previous year. Over the period under review, the export price, however, continues to indicate a pronounced setback. The pace of growth appeared the most rapid in 2019 an increase of 18%. Over the period under review, the export prices hit record highs 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 the UK ($X per ton), while France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+10.5%), while the other leaders experienced more modest paces of growth.

Silver Nitrate Imports

Imports in Europe

In 2021, after two years of decline, there was significant growth in purchases abroad of silver nitrate, when their volume increased by 71% to X tons. Overall, imports saw a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, silver nitrate imports surged to $X in 2021. Over the period under review, imports, however, continue to indicate a slight setback. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

The Netherlands was the main importing country with an import of around X tons, which finished at 30% of total imports. France (X tons) took the second position in the ranking, followed by the Czech Republic (X tons), Spain (X tons), Poland (X tons), Italy (X tons), Belgium (X tons), Germany (X tons) and the UK (X tons). All these countries together held approx. 65% share of total imports.

The Netherlands was also the fastest-growing in terms of the silver nitrate imports, with a CAGR of +51.8% from 2012 to 2021. At the same time, Spain (+28.4%), Italy (+13.5%), the Czech Republic (+7.2%) and Poland (+2.4%) displayed positive paces of growth. By contrast, Belgium (-4.3%), France (-5.1%), the UK (-9.8%) and Germany (-13.5%) illustrated a downward trend over the same period. The Netherlands (+29 p.p.), Spain (+8.3 p.p.), Italy (+4.8 p.p.) and the Czech Republic (+4.5 p.p.) significantly strengthened its position in terms of the total imports, while Belgium, the UK, France and Germany saw its share reduced by -3.4%, -8%, -8% and -15.1% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) constitutes the largest market for imported silver nitrate in Europe, comprising 51% of total imports. The second position in the ranking was taken by the Czech Republic ($X), with a 13% share of total imports. It was followed by France, with an 8.3% share.

In the Netherlands, silver nitrate imports increased at an average annual rate of +122.8% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: the Czech Republic (+2.6% per year) and France (-15.3% per year).

Import Prices by Country

In 2021, the import price in Europe amounted to $X per ton, rising by 18% against the previous year. Overall, the import price, however, saw a mild contraction. The pace of growth appeared the most rapid in 2019 when the import price increased by 30%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the UK ($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 (+46.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform