Ukraine: Semi-Manufactured Silver Market 2025

Semi-Manufactured Silver Market Size in Ukraine

The Ukrainian semi-manufactured silver market soared to $X in 2021, with an increase of 90% against the previous year. In general, consumption, however, showed a drastic downturn. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Semi-Manufactured Silver Production in Ukraine

In value terms, semi-manufactured silver production reached $X in 2021 estimated in export price. Overall, production, however, continues to indicate a sharp downturn. The most prominent rate of growth was recorded in 2015 when the production volume increased by 222% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2021, production growth failed to regain momentum.

Semi-Manufactured Silver Exports

Exports from Ukraine

In 2021, approx. X kg of silver in semi-manufactured forms were exported from Ukraine; picking up by 1,100% on 2020 figures. Overall, exports continue to indicate a buoyant expansion. The growth pace was the most rapid in 2017 with an increase of 12,885% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, semi-manufactured silver exports soared to $X in 2021. In general, exports, however, continue to indicate a mild slump. The most prominent rate of growth was recorded in 2017 with an increase of 12,786% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Poland (X kg), Germany (X kg) and Hungary (X kg) were the main destinations of semi-manufactured silver exports from Ukraine, with a combined 85% share 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 Hungary (with a CAGR of +1,000.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for semi-manufactured silver exported from Ukraine were Georgia ($X), Hungary ($X) and Poland ($X), together comprising 91% of total exports.

In terms of the main countries of destination, Hungary, with a CAGR of +2,664.1%, saw the highest growth rate of 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 semi-manufactured silver export price stood at $X per ton in 2021, waning by -66.4% against the previous year. Overall, the export price continues to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2019 an increase of 506% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Georgia ($X per ton), while the average price for exports to Poland ($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 Hungary (+39.8%), while the prices for the other major destinations experienced a decline.

Semi-Manufactured Silver Imports

Imports into Ukraine

In 2021, the amount of silver in semi-manufactured forms imported into Ukraine skyrocketed to X tons, increasing by 56% against 2020 figures. In general, imports, however, continue to indicate a pronounced decrease. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, semi-manufactured silver imports skyrocketed to $X in 2021. Overall, imports, however, showed a abrupt contraction. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Italy (X tons), Switzerland (X tons) and Germany (X tons) were the main suppliers of semi-manufactured silver imports to Ukraine, together comprising 71% of total imports. These countries were followed by Poland, Hungary, Israel, Lithuania, Russia and Austria, which together accounted for a further 23%.

From 2012 to 2021, the biggest increases were recorded for Hungary (with a CAGR of +29.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Switzerland ($X) constituted the largest supplier of silver in semi-manufactured forms to Ukraine, comprising 69% of total imports. The second position in the ranking was held by Italy ($X), with a 17% share of total imports. It was followed by Germany, with a 5.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Switzerland totaled +8.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-2.9% per year) and Germany (-16.6% per year).

Import Prices by Country

The average semi-manufactured silver import price stood at $X per ton in 2021, picking up by 129% against the previous year. Overall, the import price, however, showed a deep setback. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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 Switzerland ($X per ton), while the price for Israel ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Lithuania (+6.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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