Romania: Silver Ore Market 2025

Silver Ore Market Size in Romania

The Romanian silver ore market soared to $X in 2021, rising by 51% against the previous year. In general, consumption continues to indicate a significant expansion. Silver ore consumption peaked in 2021 and is expected to retain growth in the near future.

Silver Ore Production in Romania

In value terms, silver ore production surged to $X in 2021 estimated in export price. In general, the total production indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +3.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -21.4% against 2016 indices. The growth pace was the most rapid in 2015 when the production volume increased by 31% against the previous year. Silver ore production peaked at $X in 2016; however, from 2017 to 2021, production stood at a somewhat lower figure.

Silver Ore Exports

Exports from Romania

In 2020, shipments abroad of silver ores and concentrates was finally on the rise to reach X kg for the first time since 2017, thus ending a two-year declining trend. Over the period under review, exports, however, saw a deep reduction. The most prominent rate of growth was recorded in 2016 with an increase of 878%. The exports peaked at X tons in 2017; however, from 2018 to 2020, the exports remained at a lower figure.

In value terms, silver ore exports expanded notably to $X in 2020. In general, exports, however, saw a abrupt descent. The growth pace was the most rapid in 2016 when exports increased by 979%. As a result, the exports reached the peak of $X. From 2017 to 2020, the growth of the exports failed to regain momentum.

Exports by Country

Indonesia (X kg) and South Korea (X kg) were the main destinations of silver ore exports from Romania.

From 2012 to 2020, the biggest increases were in Indonesia (with a CAGR of 0.0%).

In value terms, South Korea ($X), Indonesia ($X) and China ($X) were the largest markets for silver ore exported from Romania worldwide, together comprising 83% of total exports.

Indonesia, with a CAGR of 0.0%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average silver ore export price stood at $X per ton in 2020, with an increase of 2.3% against the previous year. In general, export price indicated a pronounced increase from 2012 to 2020: its price increased at an average annual rate of +2.3% over the last eight-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, silver ore export price increased by +29.5% against 2018 indices. The most prominent rate of growth was recorded in 2015 when the average export price increased by 54% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2020, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was South Korea ($X per ton), while the average price for exports to Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Bulgaria (+761.6%), while the prices for the other major destinations experienced mixed trend patterns.

Silver Ore Imports

Imports into Romania

In 2016, the amount of silver ores and concentrates imported into Romania stood at X kg, remaining relatively unchanged against the year before. Over the period under review, imports recorded significant growth. The smallest decline of 99.9% was in 2015. Over the period under review, imports attained the maximum in 2016 and are likely to see gradual growth in years to come.

In value terms, silver ore imports stood at $X in 2016. In general, imports posted a significant increase. The smallest decline of 99.9% was in 2015. Over the period under review, imports reached the peak figure in 2016 and are expected to retain growth in years to come.

Imports by Country

In 2016, Italy (X kg) was the main silver ore supplier to Romania, with a approx. 100% share of total imports.

From 2014 to 2016, the average annual rate of growth in terms of volume from Italy was relatively modest.

In value terms, Italy ($X) constituted the largest supplier of silver ore to Romania.

From 2014 to 2016, the average annual rate of growth in terms of value from Italy was relatively modest.

Import Prices by Country

The average silver ore import price stood at $X per ton in 2016, therefore, remained relatively stable against the previous year. Overall, the import price saw a significant expansion. The pace of growth appeared the most rapid in 2015 when the average import price decreased by 99.9% against the previous year. The import price peaked in 2016 and is likely to continue growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for Italy.

From 2014 to 2016, the rate of growth in terms of prices for Italy amounted to 0.0% per year.

Source: IndexBox Platform

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