France: Silver Nitrate Market 2024

Silver Nitrate Market Size in France

The French silver nitrate market soared to $X in 2021, increasing by 50% against the previous year. Overall, consumption, however, showed a perceptible decline. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Silver Nitrate Production in France

In value terms, silver nitrate production dropped significantly to $X in 2021 estimated in export price. Over the period under review, production, however, faced a precipitous setback. Over the period under review, production hit record highs at $X in 2020, and then dropped markedly in the following year.

Silver Nitrate Exports

Exports from France

In 2021, overseas shipments of silver nitrate increased by 208% to X tons, rising for the third consecutive year after five years of decline. Overall, exports saw a remarkable increase. The most prominent rate of growth was recorded in 2019 with an increase of 414% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, silver nitrate exports rose slightly to $X in 2021. Over the period under review, exports, however, continue to indicate a deep reduction. The pace of growth appeared the most rapid in 2019 when exports increased by 765%. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

India (X tons) was the main destination for silver nitrate exports from France, with a 56% share of total exports. Moreover, silver nitrate exports to India exceeded the volume sent to the second major destination, Indonesia (X tons), fivefold. The third position in this ranking was held by the UK (X tons), with a 6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to India stood at +303.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (+117.9% per year) and the UK (+21.9% per year).

In value terms, the largest markets for silver nitrate exported from France were Saudi Arabia ($X), India ($X) and Spain ($X), together accounting for 56% of total exports. The UK, Indonesia, Germany, Thailand, Italy and Sri Lanka lagged somewhat behind, together comprising a further 37%.

Thailand, with a CAGR of +249.3%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination 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, dropping by -66% against the previous year. Over the period under review, the export price continues to indicate a dramatic slump. The most prominent rate of growth was recorded in 2019 when the average export price increased by 68% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a 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 Germany ($X per ton), while the average price for exports to Sri Lanka ($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 the UK (+18.4%), while the prices for the other major destinations experienced mixed trend patterns.

Silver Nitrate Imports

Imports into France

In 2021, approx. X tons of silver nitrate were imported into France; waning by -9.2% on the previous year's figure. Over the period under review, imports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2019 when imports increased by 119%. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, silver nitrate imports reduced dramatically to $X in 2021. Overall, imports continue to indicate a abrupt shrinkage. The growth pace was the most rapid in 2019 with an increase of 32% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the Netherlands (X tons) constituted the largest supplier of silver nitrate to France, with a 57% share of total imports. Moreover, silver nitrate imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. Italy (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2021, the average annual growth rate of volume from the Netherlands totaled +110.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+9.5% per year) and Italy (+38.0% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of silver nitrate to France, comprising 60% of total imports. The second position in the ranking was held by the UK ($X), with a 25% share of total imports. It was followed by Germany, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from the Netherlands totaled +169.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-24.4% per year) and Germany (+16.8% per year).

Import Prices by Country

The average silver nitrate import price stood at $X per ton in 2021, waning by -18.8% against the previous year. In general, the import price showed a abrupt downturn. The pace of growth appeared the most rapid in 2018 when the average import price increased by 42%. Over the period under review, average import prices hit record highs 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 origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Italy ($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 (+28.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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