Poland: Semi-Manufactured Silver Market 2024

Semi-Manufactured Silver Market Size in Poland

The Polish semi-manufactured silver market totaled $X in 2021, surging by 3.9% against the previous year. Overall, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market reached the maximum level in 2021 and is likely to see steady growth in the near future.

Semi-Manufactured Silver Production in Poland

In value terms, semi-manufactured silver production reduced to $X in 2021 estimated in export price. In general, production continues to indicate a sharp shrinkage. The most prominent rate of growth was recorded in 2020 when the production volume increased by 33%. Semi-manufactured silver production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Semi-Manufactured Silver Exports

Exports from Poland

In 2021, shipments abroad of silver in semi-manufactured forms increased by 78% to X tons, rising for the second consecutive year after two years of decline. Overall, exports, however, recorded a deep contraction. The growth pace was the most rapid in 2020 when exports increased by 185% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, semi-manufactured silver exports surged to $X in 2021. Over the period under review, exports, however, recorded a noticeable decrease. The most prominent rate of growth was recorded in 2020 with an increase of 267%. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X tons), Switzerland (X tons) and Germany (X tons) were the main destinations of semi-manufactured silver exports from Poland, together comprising 79% of total exports. The Philippines, Italy, Ukraine, Denmark, France, the Czech Republic and Turkey lagged somewhat behind, together comprising a further 15%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Philippines (with a CAGR of +129.5%), while the other leaders experienced more modest paces of growth.

In value terms, Switzerland ($X) remains the key foreign market for silver in semi-manufactured forms exports from Poland, comprising 62% of total exports. The second position in the ranking was taken by the United States ($X), with a 14% share of total exports. It was followed by Germany, with a 9.9% share.

From 2012 to 2021, the average annual growth rate of value to Switzerland totaled +145.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-10.8% per year) and Germany (-13.8% per year).

Export Prices by Country

The average semi-manufactured silver export price stood at $X per ton in 2021, increasing by 5.1% against the previous year. Overall, export price indicated a prominent expansion from 2012 to 2021: its price increased at an average annual rate of +7.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, semi-manufactured silver export price increased by +35.0% against 2019 indices. The pace of growth appeared the most rapid in 2017 when the average export price increased by 48% against the previous year. The export price peaked in 2021 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to the Philippines ($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 Philippines (+49.5%), while the prices for the other major destinations experienced more modest paces of growth.

Semi-Manufactured Silver Imports

Imports into Poland

In 2021, imports of silver in semi-manufactured forms into Poland reached X tons, increasing by 8.6% compared with 2020. Overall, total imports indicated a temperate expansion from 2012 to 2021: its volume increased at an average annual rate of +3.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +101.6% against 2017 indices. The growth pace was the most rapid in 2020 when imports increased by 66% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, semi-manufactured silver imports surged to $X in 2021. Over the period under review, imports, however, recorded a relatively flat trend pattern. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

Germany (X tons), Italy (X tons) and Spain (X tons) were the main suppliers of semi-manufactured silver imports to Poland, together comprising 73% of total imports. Denmark, Hungary, France, Bulgaria and Austria lagged somewhat behind, together comprising a further 23%.

From 2012 to 2021, the biggest increases were recorded for Hungary (with a CAGR of +477.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of silver in semi-manufactured forms to Poland, comprising 42% of total imports. The second position in the ranking was taken by Italy ($X), with a 19% share of total imports. It was followed by Spain, with a 15% share.

From 2012 to 2021, the average annual growth rate of value from Germany stood at -3.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+5.4% per year) and Spain (+38.2% per year).

Import Prices by Country

The average semi-manufactured silver import price stood at $X per ton in 2021, increasing by 36% against the previous year. In general, the import price, however, recorded a noticeable decrease. Over the period under review, average import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bulgaria (+20.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :