Israel: Silver Market 2025

Silver Market Size in Israel

After three years of decline, the Israeli silver market increased by 40% to $X in 2021. The market value increased at an average annual rate of +4.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Silver Exports

Exports from Israel

After two years of growth, overseas shipments of silver including silver plated with gold or platinum decreased by -9.6% to X tons in 2021. Overall, exports, however, continue to indicate a prominent expansion. The growth pace was the most rapid in 2015 with an increase of 75%. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, silver exports skyrocketed to $X in 2021. In general, exports, however, showed a strong expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 43%. Over the period under review, the exports reached the maximum in 2021 and are likely to see gradual growth in years to come.

Exports by Country

Italy (X tons) was the main destination for silver exports from Israel, with a 95% share of total exports. It was followed by Germany (X kg), with a 2% share of total exports. The third position in this ranking was taken by Turkey (X kg), with a 1.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Italy amounted to +33.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-6.3% per year) and Turkey (-24.3% per year).

In value terms, Italy ($X) remains the key foreign market for silver including silver plated with gold or platinum exports from Israel, comprising 95% of total exports. The second position in the ranking was taken by Germany ($X), with a 2% share of total exports. It was followed by Turkey, with a 1.4% share.

From 2012 to 2021, the average annual growth rate of value to Italy amounted to +27.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-6.5% per year) and Turkey (-27.6% per year).

Export Prices by Country

In 2021, the average silver export price amounted to $X per ton, jumping by 28% against the previous year. In general, the export price, however, showed a pronounced contraction. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In 2021, amid the top suppliers, the countries with the highest prices were the United States ($X per ton) and Turkey ($X per ton), while the average price for exports to Italy ($X per ton) and the UK ($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 the United States (-0.2%), while the prices for the other major destinations experienced a decline.

Silver Imports

Imports into Israel

In 2021, overseas purchases of silver including silver plated with gold or platinum were finally on the rise to reach X tons after three years of decline. Over the period under review, total imports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +7.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -15.4% against 2017 indices. The most prominent rate of growth was recorded in 2014 with an increase of 24% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, silver imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +4.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Italy (X tons) constituted the largest supplier of silver to Israel, with a 50% share of total imports. Moreover, silver imports from Italy exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold. Germany (X tons) ranked third in terms of total imports with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Italy stood at +10.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+1.8% per year) and Germany (+8.0% per year).

In value terms, Italy ($X) constituted the largest supplier of silver including silver plated with gold or platinum to Israel, comprising 48% of total imports. The second position in the ranking was taken by the United States ($X), with a 16% share of total imports. It was followed by Germany, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Italy amounted to +8.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-0.4% per year) and Germany (+5.8% per year).

Import Prices by Country

The average silver import price stood at $X per ton in 2021, surging by 35% against the previous year. In general, the import price, however, showed a pronounced contraction. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Belgium ($X per ton) and Switzerland ($X per ton), while the price for Spain ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (-2.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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