Israel: Unwrought Silver Market 2025

Unwrought Silver Market Size in Israel

The Israeli unwrought silver market soared to $X in 2021, growing by 47% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +3.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +48.5% against 2019 indices. Unwrought silver consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Unwrought Silver Exports

Exports from Israel

In 2021, overseas shipments of silver, unwrought or in powder form were finally on the rise to reach X tons after four years of decline. Overall, exports, however, showed a abrupt slump. The most prominent rate of growth was recorded in 2016 with an increase of 100%. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, unwrought silver exports soared to $X in 2021. Over the period under review, exports, however, continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2016 with an increase of 61%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Italy (X kg), Turkey (X kg) and the UK (X kg) were the main destinations of unwrought silver exports from Israel, with a combined 61% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Italy (with a CAGR of -12.9%), while shipments for the other leaders experienced a decline.

In value terms, the largest markets for unwrought silver exported from Israel were Turkey ($X), Italy ($X) and the UK ($X), with a combined 66% share of total exports.

The UK, with a CAGR of -8.4%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2021, the average unwrought silver export price amounted to $X per ton, picking up by 56% against the previous year. In general, export price indicated a mild expansion from 2012 to 2021: its price increased at an average annual rate of +1.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to the Czech Republic ($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 Poland (+1,132.9%), while the prices for the other major destinations experienced more modest paces of growth.

Unwrought Silver Imports

Imports into Israel

In 2021, supplies from abroad of silver, unwrought or in powder form was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. In general, total imports indicated a slight expansion from 2012 to 2021: its volume increased at an average annual rate of +1.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when imports increased by 25% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, unwrought silver imports skyrocketed to $X in 2021. Over the period under review, imports, however, saw a relatively flat trend pattern. Imports peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The United States (X tons), Belgium (X tons) and Italy (X tons) were the main suppliers of unwrought silver imports to Israel, together accounting for 66% of total imports. These countries were followed by Switzerland and Germany, which together accounted for a further 7.8%.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +15.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest unwrought silver suppliers to Israel were the United States ($X), Belgium ($X) and Italy ($X), together comprising 66% of total imports. These countries were followed by Switzerland and Germany, which together accounted for a further 7.9%.

Germany, with a CAGR of +21.1%, saw the highest rates of growth with regard to 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

The average unwrought silver import price stood at $X per ton in 2021, surging by 33% against the previous year. Overall, the import price, however, showed a mild reduction. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a 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 Italy ($X per ton) and Belgium ($X per ton), while the price for the United States ($X per ton) and Switzerland ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Switzerland (+7.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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