Germany: Semi-Manufactured Silver Market 2025

Semi-Manufactured Silver Market Size in Germany

The German semi-manufactured silver market skyrocketed to $X in 2021, growing by 61% against the previous year. Over the period under review, consumption posted resilient growth. Semi-manufactured silver consumption peaked in 2021 and is likely to see gradual growth in the immediate term.

Semi-Manufactured Silver Production in Germany

In value terms, semi-manufactured silver production soared to $X in 2021 estimated in export price. Over the period under review, production posted a resilient expansion. The pace of growth was the most pronounced in 2020 with an increase of 101%. Semi-manufactured silver production peaked in 2021 and is likely to continue growth in the immediate term.

Semi-Manufactured Silver Exports

Exports from Germany

In 2021, exports of silver in semi-manufactured forms from Germany rose sharply to X tons, increasing by 9.8% against the previous year's figure. The total export volume increased at an average annual rate of +2.3% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2018 with an increase of 10%. Over the period under review, the exports reached the maximum in 2021 and are likely to continue growth in the near future.

In value terms, semi-manufactured silver exports soared to $X in 2021. Over the period under review, exports showed a pronounced expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 36% against the previous year. The exports peaked in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

Canada (X tons), France (X tons) and Hungary (X tons) were the main destinations of semi-manufactured silver exports from Germany, together comprising 44% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Canada (with a CAGR of +85.4%), while the other leaders experienced more modest paces of growth.

In value terms, Canada ($X) remains the key foreign market for silver in semi-manufactured forms exports from Germany, comprising 34% of total exports. The second position in the ranking was held by the UK ($X), with a 14% share of total exports. It was followed by France, with an 8% share.

From 2012 to 2021, the average annual growth rate of value to Canada totaled +97.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+8.4% per year) and France (-3.3% per year).

Export Prices by Country

The average semi-manufactured silver export price stood at $X per ton in 2021, picking up by 23% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 37% against the previous year. The export price peaked in 2021 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Hungary ($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 Canada (+6.5%), while the prices for the other major destinations experienced more modest paces of growth.

Semi-Manufactured Silver Imports

Imports into Germany

In 2021, approx. X tons of silver in semi-manufactured forms were imported into Germany; with an increase of 6% compared with the previous year. Overall, imports, however, recorded a mild shrinkage. The pace of growth was the most pronounced in 2018 with an increase of 21%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, semi-manufactured silver imports rose significantly to $X in 2021. Over the period under review, imports, however, continue to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2019 when imports increased by 39%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Turkey (X tons), Italy (X tons) and Japan (X tons) were the main suppliers of semi-manufactured silver imports to Germany, together accounting for 61% of total imports. Romania, Bulgaria, the UK, Switzerland, Hungary, Malaysia, Austria, France, Canada and India lagged somewhat behind, together accounting for a further 34%.

From 2012 to 2021, the biggest increases were recorded for Bulgaria (with a CAGR of +1,025.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Turkey ($X) and Bulgaria ($X) appeared to be the largest semi-manufactured silver suppliers to Germany, with a combined 45% share of total imports.

Among the main suppliers, Bulgaria, with a CAGR of +1,451.3%, recorded the highest rates of growth with regard to 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

The average semi-manufactured silver import price stood at $X per ton in 2021, with an increase of 5.9% against the previous year. Over the period under review, the import price, however, saw a noticeable descent. The growth pace was the most rapid in 2019 when the average import price increased by 34%. 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.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bulgaria (+37.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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