Ireland: Semi-Manufactured Silver Market 2025

Semi-Manufactured Silver Market Size in Ireland

In 2021, the Irish semi-manufactured silver market increased by 62% to $X, rising for the second consecutive year after three years of decline. In general, consumption continues to indicate a prominent expansion. Semi-manufactured silver consumption peaked at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Semi-Manufactured Silver Exports

Exports from Ireland

In 2021, semi-manufactured silver exports from Ireland skyrocketed to X tons, growing by 417% on the previous year's figure. In general, exports continue to indicate significant growth. The pace of growth was the most pronounced in 2016 when exports increased by 578%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, semi-manufactured silver exports surged to $X in 2021. Overall, exports recorded a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The UK (X tons) was the main destination for semi-manufactured silver exports from Ireland, with a 71% share of total exports. Moreover, semi-manufactured silver exports to the UK exceeded the volume sent to the second major destination, the United States (X tons), twofold.

From 2012 to 2021, the average annual rate of growth in terms of volume to the UK amounted to +342.8%.

In value terms, the UK ($X) and the United States ($X) appeared to be the largest markets for semi-manufactured silver exported from Ireland worldwide.

In terms of the main countries of destination, the UK, with a CAGR of +290.9%, saw the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

The average semi-manufactured silver export price stood at $X per ton in 2021, with an increase of 56% against the previous year. In general, the export price enjoyed a strong increase. The most prominent rate of growth was recorded in 2017 when the average export price increased by 333%. The export price peaked at $X per ton in 2015; however, from 2016 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 the United States ($X per ton), while the average price for exports to the UK stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (-0.2%), while the prices for the other major destinations experienced a decline.

Semi-Manufactured Silver Imports

Imports into Ireland

Semi-manufactured silver imports into Ireland skyrocketed to X tons in 2021, picking up by 75% compared with the previous year's figure. In general, imports saw a resilient expansion. The pace of growth appeared the most rapid in 2013 with an increase of 87%. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, semi-manufactured silver imports surged to $X in 2021. Overall, imports enjoyed measured growth. The most prominent rate of growth was recorded in 2013 when imports increased by 319%. Over the period under review, imports reached the maximum at $X in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the United States (X tons) constituted the largest semi-manufactured silver supplier to Ireland, accounting for a 49% share of total imports. Moreover, semi-manufactured silver imports from the United States exceeded the figures recorded by the second-largest supplier, the UK (X tons), threefold. The third position in this ranking was taken by Germany (X tons), with a 13% share.

From 2012 to 2021, the average annual growth rate of volume from the United States stood at +67.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-8.8% per year) and Germany (+94.8% per year).

In value terms, the United States ($X) constituted the largest supplier of silver in semi-manufactured forms to Ireland, comprising 70% of total imports. The second position in the ranking was held by the UK ($X), with an 18% share of total imports. It was followed by Switzerland, with a 4.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States amounted to +52.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-7.5% per year) and Switzerland (+23.6% per year).

Import Prices by Country

The average semi-manufactured silver import price stood at $X per ton in 2021, rising by 54% against the previous year. In general, the import price, however, recorded a noticeable descent. The pace of growth appeared the most rapid in 2013 an increase of 125%. The import price peaked at $X per ton in 2014; however, from 2015 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 the United States ($X per ton), while the price for Germany ($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 (+1.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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