Netherlands: Silver Nitrate Market 2024

Silver Nitrate Market Size in the Netherlands

In 2021, the Dutch silver nitrate market increased by 141% to $X, rising for the sixth year in a row after three years of decline. Overall, consumption posted strong growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Silver Nitrate Production in the Netherlands

In value terms, silver nitrate production totaled $X in 2021 estimated in export price. In general, production, however, recorded a noticeable decrease. The most prominent rate of growth was recorded in 2016 with an increase of 27% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Silver Nitrate Exports

Exports from the Netherlands

In 2021, after two years of decline, there was significant growth in shipments abroad of silver nitrate, when their volume increased by 268% to X tons. Overall, exports enjoyed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, silver nitrate exports skyrocketed to $X in 2021. In general, exports showed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

France (X tons) was the main destination for silver nitrate exports from the Netherlands, accounting for a 80% share of total exports. Moreover, silver nitrate exports to France exceeded the volume sent to the second major destination, the Czech Republic (X tons), more than tenfold. The third position in this ranking was held by Germany (X tons), with a 4.7% share.

From 2012 to 2021, the average annual growth rate of volume to France amounted to +170.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+138.3% per year) and Germany (+14.3% per year).

In value terms, the largest markets for silver nitrate exported from the Netherlands were France ($X), the Czech Republic ($X) and Germany ($X), with a combined 84% share of total exports.

In terms of the main countries of destination, France, with a CAGR of +245.2%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average silver nitrate export price amounted to $X per ton, growing by 177% against the previous year. Overall, the export price continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2020 when the average export price increased by 278%. Over the period under review, the average export prices attained the peak figure in 2021 and is expected to retain growth in years to come.

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 Czech Republic ($X per ton), while the average price for exports to France ($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 the Czech Republic (+37.9%), while the prices for the other major destinations experienced more modest paces of growth.

Silver Nitrate Imports

Imports into the Netherlands

For the third year in a row, the Netherlands recorded growth in purchases abroad of silver nitrate, which increased by 824% to X tons in 2021. Over the period under review, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 3,299%. Imports peaked in 2021 and are likely to see gradual growth in years to come.

In value terms, silver nitrate imports skyrocketed to $X in 2021. Overall, imports saw a significant increase. The most prominent rate of growth was recorded in 2013 when imports increased by 51,443%. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, the UK (X tons) was the main silver nitrate supplier to the Netherlands, accounting for a 96% share of total imports. It was followed by Belgium (X tons), with a 2.4% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from the UK stood at +16.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-28.4% per year) and Germany (-2.9% per year).

In value terms, the UK ($X) constituted the largest supplier of silver nitrate to the Netherlands, comprising 99% of total imports. The second position in the ranking was taken by Germany ($X), with a 0.8% share of total imports.

From 2012 to 2021, the average annual growth rate of value from the UK stood at +20.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+29.6% per year) and Belgium (-36.1% per year).

Import Prices by Country

In 2021, the average silver nitrate import price amounted to $X per ton, rising by 124% against the previous year. In general, the import price posted a significant expansion. The most prominent rate of growth was recorded in 2013 when the average import price increased by 1,416% against the previous year. The import price peaked in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+33.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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