Report Update Feb 1, 2025

United Kingdom - Silver in Semi-Manufactured Forms - Market Analysis, Forecast, Size, Trends and Insights

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United Kingdom: Semi-Manufactured Silver Market 2025

Semi-Manufactured Silver Market Size in the UK

In 2021, the UK semi-manufactured silver market increased by 115% to $X, rising for the sixth year in a row after three years of decline. Overall, consumption continues to indicate a prominent expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Semi-Manufactured Silver Production in the UK

In value terms, semi-manufactured silver production rose remarkably to $X in 2021 estimated in export price. In general, production recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of 27%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Semi-Manufactured Silver Exports

Exports from the UK

After three years of growth, shipments abroad of silver in semi-manufactured forms decreased by -19.2% to X tons in 2021. Over the period under review, exports, however, showed a buoyant expansion. The pace of growth appeared the most rapid in 2019 when exports increased by 173%. The exports peaked at X tons in 2020, and then shrank notably in the following year.

In value terms, semi-manufactured silver exports expanded rapidly to $X in 2021. Overall, exports, however, continue to indicate a buoyant increase. The pace of growth appeared the most rapid in 2019 with an increase of 258%. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

Switzerland (X tons), Germany (X tons) and Spain (X tons) were the main destinations of semi-manufactured silver exports from the UK, with a combined 70% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Switzerland (with a CAGR of +122.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Switzerland ($X) remains the key foreign market for silver in semi-manufactured forms exports from the UK, comprising 44% of total exports. The second position in the ranking was taken by Germany ($X), with a 21% share of total exports. It was followed by Spain, with an 8% share.

From 2012 to 2021, the average annual growth rate of value to Switzerland totaled +124.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+5.2% per year) and Spain (+72.5% per year).

Export Prices by Country

In 2021, the average semi-manufactured silver export price amounted to $X per ton, with an increase of 33% against the previous year. In general, the export price recorded a resilient increase. The pace of growth was the most pronounced in 2016 an increase of 77%. Over the period under review, the average export prices attained the maximum in 2021 and is likely to see steady growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to France ($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 Spain (+26.7%), while the prices for the other major destinations experienced more modest paces of growth.

Semi-Manufactured Silver Imports

Imports into the UK

Semi-manufactured silver imports into the UK surged to X tons in 2021, rising by 201% compared with the year before. Over the period under review, imports showed a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, semi-manufactured silver imports soared to $X in 2021. In general, imports posted a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Hong Kong SAR (X tons), Spain (X tons) and Switzerland (X tons) were the main suppliers of semi-manufactured silver imports to the UK, together accounting for 68% of total imports.

From 2012 to 2021, the biggest increases were recorded for Hong Kong SAR (with a CAGR of +288.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Hong Kong SAR ($X), Spain ($X) and Switzerland ($X) constituted the largest semi-manufactured silver suppliers to the UK, together comprising 75% of total imports.

In terms of the main suppliers, Hong Kong SAR, with a CAGR of +264.3%, saw the highest rates of growth with regard to the value of imports, 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 semi-manufactured silver import price amounted to $X per ton, increasing by 21% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the average import price increased by 52% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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 Finland ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for silver in semi-manufactured forms in the world?

India remains the largest semi-manufactured silver consuming country worldwide, accounting for 29% of total volume. Moreover, semi-manufactured silver consumption in India exceeded the figures recorded by the second-largest consumer, the United States, threefold. Japan ranked third in terms of total consumption with a 5.2% share.

What are the largest producers of silver in semi-manufactured forms in the world?

The countries with the highest volumes of in 2021 were Japan, Germany and the United States, with a combined 38% share of global production. These countries were followed by India, Italy, the UK, South Korea, Pakistan, Nigeria, Russia, Brazil, Indonesia and Australia, which together accounted for a further 34%.

What are the leading suppliers of silver in semi-manufactured forms to the UK?

In value terms, the largest semi-manufactured silver suppliers to the UK were Hong Kong SAR, Spain and Switzerland, together accounting for 74% of total imports.

What are the leading importers of silver in semi-manufactured forms from the UK?

In value terms, Switzerland emerged as the key foreign market for semi-manufactured silver exports from the UK, comprising 44% of total exports. The second position in the ranking was occupied by Germany, with a 21% share of total exports. It was followed by Spain, with an 8% share.

What is the average export price for silver in semi-manufactured forms in the UK?

In 2021, the average semi-manufactured silver export price amounted to $489,056 per ton, picking up by 2.6% against the previous year.

What is the average import price for silver in semi-manufactured forms in the UK?

In 2021, the average semi-manufactured silver import price amounted to $790,204 per ton, growing by 26% against the previous year.

This report provides an in-depth analysis of the semi-manufactured silver market in the UK. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 24411050 - Silver, in semi-manufactured forms (including plated with gold or platinum) (excluding unwrought or in powder form)

Country coverage:

United Kingdom

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the UK
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024