Germany: Silver Market 2025

Silver Market Size in Germany

The German silver market surged to $X in 2021, growing by 73% against the previous year. Over the period under review, consumption enjoyed a strong increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Silver Production in Germany

In value terms, silver production skyrocketed to $X in 2021 estimated in export price. In general, production saw a noticeable increase. The most prominent rate of growth was recorded in 2020 when the production volume increased by 69%. Over the period under review, production reached the peak level in 2021 and is likely to see steady growth in the near future.

Silver Exports

Exports from Germany

In 2021, shipments abroad of silver including silver plated with gold or platinum decreased by -10.6% to X tons for the first time since 2018, thus ending a two-year rising trend. Overall, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by 21% against the previous year. As a result, the exports reached the peak of X tons, and then dropped in the following year.

In value terms, silver exports expanded rapidly to $X in 2021. In general, exports showed a noticeable slump. The most prominent rate of growth was recorded in 2020 when exports increased by 53% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Switzerland (X tons), Canada (X tons) and France (X tons) were the main destinations of silver exports from Germany, together comprising 41% 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 +92.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for silver exported from Germany were Switzerland ($X), Canada ($X) and the United States ($X), with a combined 47% share of total exports.

Canada, with a CAGR of +92.4%, recorded the highest growth rate of 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 silver export price stood at $X per ton in 2021, rising by 23% against the previous year. Overall, the export price, however, saw a pronounced curtailment. The pace of growth appeared the most rapid in 2020 an increase of 26%. 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 stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, 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 Turkey (+6.2%), while the prices for the other major destinations experienced more modest paces of growth.

Silver Imports

Imports into Germany

Silver imports into Germany surged to X tons in 2021, increasing by 58% on 2020 figures. Over the period under review, total imports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +5.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +40.7% against 2018 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, silver imports surged to $X in 2021. Overall, imports posted a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The UK (X tons), Switzerland (X tons) and Sweden (X tons) were the main suppliers of silver imports to Germany, with a combined 52% share of total imports. These countries were followed by China, Turkey, Thailand, Italy, the United States, Poland, Japan, Argentina, Canada and Romania, which together accounted for a further 41%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Romania (with a CAGR of +50.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), Switzerland ($X) and Sweden ($X) were the largest silver suppliers to Germany, with a combined 66% share of total imports. The United States, China, Argentina, Poland, Italy, Thailand, Canada, Turkey, Romania and Japan lagged somewhat behind, together comprising a further 28%.

China, with a CAGR of +46.6%, saw the highest growth rate of 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

In 2021, the average silver import price amounted to $X per ton, growing by 37% against the previous year. Overall, the import price saw a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Argentina ($X per ton), while the price for Japan ($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 UK (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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