Romania: Unwrought Silver Market 2025

Unwrought Silver Market Size in Romania

For the third consecutive year, the Romanian unwrought silver market recorded decline in sales value, which decreased by -1.1% to $X in 2021. Over the period under review, consumption, however, recorded a precipitous slump. Unwrought silver consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Unwrought Silver Production in Romania

In value terms, unwrought silver production shrank slightly to $X in 2021 estimated in export price. In general, production, however, recorded a abrupt curtailment. The pace of growth was the most pronounced in 2017 with an increase of 6.3% against the previous year. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Unwrought Silver Exports

Exports from Romania

In 2019, the amount of silver, unwrought or in powder form exported from Romania skyrocketed to X tons, growing by 34% on the previous year's figure. Over the period under review, exports recorded a significant increase. The most prominent rate of growth was recorded in 2015 with an increase of 64% against the previous year. The exports peaked in 2019 and are expected to retain growth in years to come.

In value terms, unwrought silver exports surged to $X in 2019. In general, exports showed significant growth. The growth pace was the most rapid in 2015 with an increase of 88% against the previous year. The exports peaked in 2019 and are likely to see steady growth in the immediate term.

Exports by Country

Switzerland (X tons) was the main destination for unwrought silver exports from Romania, accounting for a 76% share of total exports. Moreover, unwrought silver exports to Switzerland exceeded the volume sent to the second major destination, China (X tons), fivefold. The third position in this ranking was taken by Turkey (X kg), with a 5.5% share.

From 2012 to 2019, the average annual growth rate of volume to Switzerland totaled +1,657.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+125.0% per year) and Turkey (-9.0% per year).

In value terms, Switzerland ($X) remains the key foreign market for silver, unwrought or in powder form exports from Romania, comprising 73% of total exports. The second position in the ranking was taken by China ($X), with a 17% share of total exports. It was followed by Turkey, with a 3.8% share.

From 2012 to 2019, the average annual rate of growth in terms of value to Switzerland stood at +1,679.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+91.6% per year) and Turkey (-13.7% per year).

Export Prices by Country

In 2019, the average unwrought silver export price amounted to $X per ton, growing by 12% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 15% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2019, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Turkey ($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 Germany (+21.5%), while the prices for the other major destinations experienced more modest paces of growth.

Unwrought Silver Imports

Imports into Romania

In 2019, the amount of silver, unwrought or in powder form imported into Romania contracted slightly to X tons, remaining stable against 2018 figures. In general, imports, however, recorded resilient growth. The pace of growth appeared the most rapid in 2014 when imports increased by 299%. Imports peaked at X tons in 2018, and then fell in the following year.

In value terms, unwrought silver imports fell slightly to $X in 2019. Overall, imports, however, saw a strong expansion. The pace of growth appeared the most rapid in 2014 with an increase of 289%. Over the period under review, imports hit record highs at $X in 2018, and then contracted in the following year.

Imports by Country

In 2019, Germany (X tons) constituted the largest unwrought silver supplier to Romania, accounting for a 72% share of total imports. Moreover, unwrought silver imports from Germany exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), ninefold. The third position in this ranking was held by Hungary (X tons), with a 6.4% share.

From 2012 to 2019, the average annual rate of growth in terms of volume from Germany stood at +50.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-23.9% per year) and Hungary (+102.8% per year).

In value terms, Germany ($X) constituted the largest supplier of silver, unwrought or in powder form to Romania, comprising 65% of total imports. The second position in the ranking was held by Hungary ($X), with a 14% share of total imports. It was followed by the Netherlands, with a 7.1% share.

From 2012 to 2019, the average annual growth rate of value from Germany totaled +46.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (+141.4% per year) and the Netherlands (-23.7% per year).

Import Prices by Country

The average unwrought silver import price stood at $X per ton in 2019, reducing by -1.7% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the average import price increased by 30%. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2019, import prices stood at a somewhat lower figure.

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

From 2012 to 2019, the most notable rate of growth in terms of prices was attained by Hungary (+19.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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