France: Unwrought Silver Market 2025

Unwrought Silver Market Size in France

In 2021, the French unwrought silver market increased by 47% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption, however, saw a noticeable decrease. Unwrought silver consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Unwrought Silver Production in France

In value terms, unwrought silver production shrank to $X in 2021 estimated in export price. Overall, production saw a abrupt decline. The most prominent rate of growth was recorded in 2020 with an increase of 9.4% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Unwrought Silver Exports

Exports from France

Unwrought silver exports from France skyrocketed to X tons in 2021, increasing by 42% on the year before. Over the period under review, exports recorded a prominent increase. The pace of growth was the most pronounced in 2013 when exports increased by 81%. The exports peaked in 2021 and are likely to see steady growth in the immediate term.

In value terms, unwrought silver exports skyrocketed to $X in 2021. In general, exports, however, continue to indicate a abrupt setback. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

South Korea (X tons) was the main destination for unwrought silver exports from France, accounting for a 41% share of total exports. Moreover, unwrought silver exports to South Korea exceeded the volume sent to the second major destination, the United States (X tons), threefold. The third position in this ranking was held by Canada (X tons), with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to South Korea stood at +32.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+7.3% per year) and Canada (+244.6% per year).

In value terms, Italy ($X), Germany ($X) and South Korea ($X) appeared to be the largest markets for unwrought silver exported from France worldwide, together comprising 56% of total exports. Canada, the United States, Switzerland, Mexico and Malaysia lagged somewhat behind, together comprising a further 34%.

Canada, with a CAGR of +157.6%, saw the highest rates of growth with regard to the value of exports, among 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 unwrought silver export price stood at $X per ton in 2021, jumping by 23% against the previous year. In general, the export price, however, recorded a abrupt decrease. Over the period under review, the average 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 destination: amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to South Korea ($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 Mexico (+3.9%), while the prices for the other major destinations experienced a decline.

Unwrought Silver Imports

Imports into France

In 2021, after three years of decline, there was significant growth in purchases abroad of silver, unwrought or in powder form, when their volume increased by 30% to X tons. The total import volume increased at an average annual rate of +2.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, unwrought silver imports surged to $X in 2021. In general, imports showed 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

Switzerland (X tons), Germany (X tons) and the United States (X tons) were the main suppliers of unwrought silver imports to France, with a combined 72% share of total imports. Italy, the Czech Republic, Belgium and Spain lagged somewhat behind, together accounting for a further 22%.

From 2012 to 2021, the biggest increases were recorded for the Czech Republic (with a CAGR of +188.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Switzerland ($X), Germany ($X) and Italy ($X) appeared to be the largest unwrought silver suppliers to France, together comprising 71% of total imports. The United States, the Czech Republic, Belgium and Spain lagged somewhat behind, together accounting for a further 25%.

The Czech Republic, with a CAGR of +205.1%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average unwrought silver import price stood at $X per ton in 2021, surging by 33% against the previous year. Over the period under review, the import price, however, continues to indicate a mild reduction. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Spain ($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 (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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