Poland: Silver Nitrate Market 2024

Silver Nitrate Market Size in Poland

The Polish silver nitrate market soared to $X in 2021, picking up by 334% 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). Overall, consumption recorded moderate growth. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Silver Nitrate Exports

Exports from Poland

In 2021, shipments abroad of silver nitrate was finally on the rise to reach X tons after two years of decline. Overall, exports, however, continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2018 with an increase of 136%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, silver nitrate exports soared to $X in 2021. In general, exports, however, saw a deep downturn. The most prominent rate of growth was recorded in 2018 when exports increased by 105%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Ukraine (X kg), the Netherlands (X kg) and Thailand (X kg) were the main destinations of silver nitrate exports from Poland, with a combined 71% share of total exports. These countries were followed by Russia, Belgium, Germany, the Czech Republic, France and Slovenia, which together accounted for a further 27%.

From 2012 to 2021, the biggest increases were recorded for the Czech Republic (with a CAGR of +78.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Ukraine ($X) remains the key foreign market for silver nitrate exports from Poland, comprising 34% of total exports. The second position in the ranking was held by Thailand ($X), with a 17% share of total exports. It was followed by the Czech Republic, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Ukraine totaled -3.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (-0.5% per year) and the Czech Republic (+118.2% per year).

Export Prices by Country

In 2021, the average silver nitrate export price amounted to $X per ton, falling by -12.6% against the previous year. Over the period under review, the export price saw a deep slump. The most prominent rate of growth was recorded in 2019 an increase of 17% against the previous year. 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 failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while the average price for exports to the Netherlands ($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 (+23.3%), while the prices for the other major destinations experienced more modest paces of growth.

Silver Nitrate Imports

Imports into Poland

In 2021, approx. X tons of silver nitrate were imported into Poland; picking up by 533% on the previous year. Over the period under review, imports posted a perceptible increase. Over the period under review, imports attained the peak figure at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, silver nitrate imports soared to $X in 2021. Overall, imports saw a mild increase. The pace of growth was the most pronounced in 2018 when imports increased by 146%. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Belgium (X tons) constituted the largest supplier of silver nitrate to Poland, accounting for a 79% share of total imports. Moreover, silver nitrate imports from Belgium exceeded the figures recorded by the second-largest supplier, Germany (X tons), eightfold. The third position in this ranking was held by France (X tons), with a 4.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Belgium amounted to +121.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-15.7% per year) and France (+54.9% per year).

In value terms, the largest silver nitrate suppliers to Poland were Belgium ($X), the Netherlands ($X) and Germany ($X), together accounting for 73% of total imports.

The Netherlands, with a CAGR of +139.3%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average silver nitrate import price amounted to $X per ton, shrinking by -75.2% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average import price increased by 135%. Over the period under review, average import prices hit record highs at $X per ton in 2020, and then declined remarkably in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovakia (+168.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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