Poland: Silver Market 2025

Silver Market Size in Poland

The Polish silver market fell markedly to $X in 2021, waning by -72.3% against the previous year. In general, consumption showed a dramatic contraction. Silver consumption peaked at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Silver Production in Poland

In value terms, silver production rose rapidly to $X in 2021 estimated in export price. Overall, production, however, saw significant growth. The growth pace was the most rapid in 2020 with an increase of 51,048%. Silver production peaked in 2021 and is likely to continue growth in years to come.

Silver Exports

Exports from Poland

Silver exports from Poland declined slightly to X tons in 2021, which is down by -4.4% compared with the previous year's figure. Overall, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 21% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, silver exports skyrocketed to $X in 2021. Over the period under review, exports recorded a pronounced downturn. The most prominent rate of growth was recorded in 2019 when exports increased by 26%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The UK (X tons), the United States (X tons) and Australia (X tons) were the main destinations of silver exports from Poland, together accounting for 93% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +43.8%), while the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), the United States ($X) and Australia ($X) were the largest markets for silver exported from Poland worldwide, with a combined 93% share of total exports.

Among the main countries of destination, the United States, with a CAGR of +51.6%, recorded 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

The average silver export price stood at $X per ton in 2021, surging by 26% against the previous year. Over the period under review, the export price, however, saw a slight decline. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2021, amid the top suppliers, the countries with the highest prices were Switzerland ($X per ton) and the United States ($X per ton), while the average price for exports to Germany ($X per ton) and Australia ($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 Germany (+6.2%), while the prices for the other major destinations experienced more modest paces of growth.

Silver Imports

Imports into Poland

In 2021, after three years of growth, there was significant decline in purchases abroad of silver including silver plated with gold or platinum, when their volume decreased by -31.3% to X tons. Overall, imports, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2018 with an increase of 87% against the previous year. Over the period under review, imports hit record highs at X tons in 2020, and then dropped notably in the following year.

In value terms, silver imports surged to $X in 2021. Over the period under review, imports, however, posted pronounced growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X tons), Italy (X tons) and the United States (X tons) were the main suppliers of silver imports to Poland, with a combined 60% share of total imports. These countries were followed by Canada, Hungary, Spain, the United Arab Emirates, France and Austria, which together accounted for a further 35%.

From 2012 to 2021, the biggest increases were recorded for Hungary (with a CAGR of +536.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of silver including silver plated with gold or platinum to Poland, comprising 40% of total imports. The second position in the ranking was taken by Italy ($X), with a 14% share of total imports. It was followed by Spain, with an 8.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+7.2% per year) and Spain (+34.2% per year).

Import Prices by Country

In 2021, the average silver import price amounted to $X per ton, surging by 119% against the previous year. In general, the import price, however, continues to indicate a abrupt slump. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+543.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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