Germany: Unwrought Silver Market 2025

Unwrought Silver Market Size in Germany

In 2021, the German unwrought silver market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption enjoyed a prominent expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Unwrought Silver Production in Germany

In value terms, unwrought silver production dropped slightly to $X in 2021 estimated in export price. In general, production showed a perceptible setback. The most prominent rate of growth was recorded in 2020 with an increase of 41% against the previous year. Unwrought silver production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Unwrought Silver Exports

Exports from Germany

In 2021, after two years of growth, there was significant decline in shipments abroad of silver, unwrought or in powder form, when their volume decreased by -24.2% to X tons. Overall, exports saw a perceptible contraction. The pace of growth appeared the most rapid in 2020 with an increase of 29%. As a result, the exports reached the peak of X tons, and then fell markedly in the following year.

In value terms, unwrought silver exports fell to $X in 2021. Over the period under review, exports showed a noticeable curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 56% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Switzerland (X tons) was the main destination for unwrought silver exports from Germany, with a 35% share of total exports. Moreover, unwrought silver exports to Switzerland exceeded the volume sent to the second major destination, Austria (X tons), threefold. The United States (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Switzerland totaled +11.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (-1.9% per year) and the United States (+43.5% per year).

In value terms, Switzerland ($X) remains the key foreign market for silver, unwrought or in powder form exports from Germany, comprising 35% of total exports. The second position in the ranking was taken by Austria ($X), with an 11% share of total exports. It was followed by the United States, with an 11% share.

From 2012 to 2021, the average annual growth rate of value to Switzerland amounted to +10.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (-4.5% per year) and the United States (+39.7% per year).

Export Prices by Country

The average unwrought silver export price stood at $X per ton in 2021, rising by 30% against the previous year. Over the period under review, the export price, however, saw a mild slump. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major overseas markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Spain ($X per ton) and the UK ($X per ton), while the average price for exports to Turkey ($X per ton) and India ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+3.1%), while the prices for the other major destinations experienced mixed trend patterns.

Unwrought Silver Imports

Imports into Germany

Unwrought silver imports into Germany soared to X tons in 2021, picking up by 93% on the previous year's figure. In general, imports continue to indicate a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, unwrought silver imports surged to $X in 2021. Over the period under review, imports showed strong growth. 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 unwrought silver imports to Germany, together comprising 67% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK (with a CAGR of +50.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest unwrought silver suppliers to Germany were the UK ($X), Switzerland ($X) and Sweden ($X), together comprising 71% of total imports. The United States, China, Argentina, Poland, Thailand and Austria lagged somewhat behind, together comprising a further 22%.

China, with a CAGR of +67.7%, saw the highest growth rate of the value of imports, in terms of 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 unwrought silver import price amounted to $X per ton, picking up by 24% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 26%. Over the period under review, average import prices attained the maximum 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 Argentina ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+28.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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