Germany: Silver Nitrate Market 2024

Silver Nitrate Market Size in Germany

The German silver nitrate market skyrocketed to $X in 2021, with an increase of 92% against the previous year. Overall, consumption recorded a buoyant expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Silver Nitrate Production in Germany

In value terms, silver nitrate production declined to $X in 2021 estimated in export price. In general, production, however, continues to indicate a slight descent. The pace of growth was the most pronounced in 2019 when the production volume increased by 10% against the previous year. Silver nitrate production peaked at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Silver Nitrate Exports

Exports from Germany

For the third year in a row, Germany recorded decline in shipments abroad of silver nitrate, which decreased by -12.4% to X tons in 2021. Over the period under review, exports faced a deep contraction. The most prominent rate of growth was recorded in 2013 with an increase of 37% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, silver nitrate exports contracted rapidly to $X in 2021. In general, exports recorded a abrupt contraction. The pace of growth appeared the most rapid in 2020 when exports increased by 16%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Belgium (X tons) was the main destination for silver nitrate exports from Germany, with a 20% share of total exports. Moreover, silver nitrate exports to Belgium exceeded the volume sent to the second major destination, Taiwan (Chinese) (X tons), twofold. France (X tons) ranked third in terms of total exports with an 8.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Belgium stood at -2.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (+16.5% per year) and France (-14.5% per year).

In value terms, Belgium ($X) emerged as the key foreign market for silver nitrate exports from Germany, comprising 26% of total exports. The second position in the ranking was taken by France ($X), with an 11% share of total exports. It was followed by the Netherlands, with a 7.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Belgium stood at +1.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-7.2% per year) and the Netherlands (+11.1% per year).

Export Prices by Country

In 2021, the average silver nitrate export price amounted to $X per ton, which is down by -17.3% against the previous year. In general, the export price, however, recorded a modest expansion. The pace of growth was the most pronounced in 2020 an increase of 120%. As a result, the export price attained the peak level of $X per ton, and then contracted dramatically in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to Australia ($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 France (+8.4%), while the prices for the other major destinations experienced more modest paces of growth.

Silver Nitrate Imports

Imports into Germany

In 2021, imports of silver nitrate into Germany dropped rapidly to X tons, waning by -38.9% compared with 2020. In general, imports recorded a abrupt setback. The pace of growth was the most pronounced in 2020 when imports increased by 115% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, silver nitrate imports fell significantly to $X in 2021. Overall, imports showed a deep downturn. The most prominent rate of growth was recorded in 2020 when imports increased by 108%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the UK (X tons) constituted the largest supplier of silver nitrate to Germany, accounting for a 57% share of total imports. Moreover, silver nitrate imports from the UK exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), threefold. France (X tons) ranked third in terms of total imports with a 10% share.

From 2012 to 2021, the average annual growth rate of volume from the UK totaled -17.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+33.4% per year) and France (-7.9% per year).

In value terms, the UK ($X) constituted the largest supplier of silver nitrate to Germany, comprising 50% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 23% share of total imports. It was followed by North Macedonia, with a 6.8% share.

From 2012 to 2021, the average annual growth rate of value from the UK stood at -19.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+34.0% per year) and North Macedonia (-5.3% per year).

Import Prices by Country

The average silver nitrate import price stood at $X per ton in 2021, jumping by 30% against the previous year. Overall, the import price, however, recorded a mild decline. The most prominent rate of growth was recorded in 2016 an increase of 50%. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat 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 North Macedonia ($X per ton), while the price for Belgium ($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 (+23.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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