Romania: Silver Market 2025

Silver Market Size in Romania

The Romanian silver market contracted modestly to $X in 2021, with a decrease of -3.8% against the previous year. Over the period under review, consumption saw a deep downturn. Silver consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Silver Production in Romania

In value terms, silver production fell to $X in 2021 estimated in export price. Overall, production recorded a abrupt decrease. The growth pace was the most rapid in 2020 with an increase of 11%. Silver production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Silver Exports

Exports from Romania

In 2019, shipments abroad of silver including silver plated with gold or platinum increased by 239% to X tons, rising for the second consecutive year after five years of decline. Overall, exports recorded strong growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, silver exports soared to $X in 2019. Over the period under review, exports posted a buoyant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons) was the main destination for silver exports from Romania, accounting for a 71% share of total exports. Moreover, silver exports to Germany exceeded the volume sent to the second major destination, China (X tons), sixfold. Switzerland (X tons) ranked third in terms of total exports with a 9.1% share.

From 2012 to 2019, the average annual rate of growth in terms of volume to Germany amounted to +85.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+504.1% per year) and Switzerland (+1,764.7% per year).

In value terms, Germany ($X) emerged as the key foreign market for silver including silver plated with gold or platinum exports from Romania, comprising 79% of total exports. The second position in the ranking was held by Switzerland ($X), with a 10% share of total exports. It was followed by Italy, with a 7.9% share.

From 2012 to 2019, the average annual rate of growth in terms of value to Germany amounted to +80.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (+1,679.4% per year) and Italy (+1.1% per year).

Export Prices by Country

The average silver export price stood at $X per ton in 2019, reducing by -5.2% against the previous year. Overall, the export price showed a noticeable shrinkage. The pace of growth appeared the most rapid in 2016 when the average export price increased by 14% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2019, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2019, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+36.7%), while the prices for the other major destinations experienced more modest paces of growth.

Silver Imports

Imports into Romania

In 2019, overseas purchases of silver including silver plated with gold or platinum increased by 236% to X tons, rising for the second year in a row after three years of decline. Over the period under review, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 255% against the previous year. Imports peaked in 2019 and are expected to retain growth in the immediate term.

In value terms, silver imports soared to $X in 2019. Overall, imports continue to indicate a significant expansion. The growth pace was the most rapid in 2014 when imports increased by 223% against the previous year. Imports peaked in 2019 and are likely to see steady growth in the immediate term.

Imports by Country

In 2019, Germany (X tons) was the main silver supplier to Romania, with a 91% share of total imports. Moreover, silver imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X tons), more than tenfold. The third position in this ranking was taken by the Netherlands (X tons), with a 1.5% share.

From 2012 to 2019, the average annual growth rate of volume from Germany totaled +68.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+9.6% per year) and the Netherlands (-22.9% per year).

In value terms, Germany ($X) constituted the largest supplier of silver including silver plated with gold or platinum to Romania, comprising 88% of total imports. The second position in the ranking was taken by Italy ($X), with a 2.3% share of total imports. It was followed by the Netherlands, with a 2.3% share.

From 2012 to 2019, the average annual rate of growth in terms of value from Germany stood at +75.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+6.6% per year) and the Netherlands (-20.3% per year).

Import Prices by Country

In 2019, the average silver import price amounted to $X per ton, with a decrease of -8% against the previous year. In general, the import price showed a slight descent. The pace of growth was the most pronounced in 2018 when the average import price increased by 14% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2019, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2019, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was attained by Greece (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :