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Hungary - Silver Including Silver Plated With Gold Or Platinum - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSilver Price in Hungary - 2023
Contents:
- Silver Price in Hungary (CIF) - 2023
- Silver Price in Hungary (FOB) - 2023
- Silver Imports in Hungary
- Silver Exports in Hungary
Silver Price in Hungary (CIF) - 2023
In June 2023, the average silver import price amounted to $191K per ton, jumping by 39% against the previous month. In general, the import price saw buoyant growth. The most prominent rate of growth was recorded in January 2023 when the average import price increased by 114% against the previous month. As a result, import price attained the peak level of $263K per ton. From February 2023 to June 2023, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was the Netherlands ($975K per ton), while the price for Malaysia ($1,135 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Germany (+8.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Silver Price in Hungary (FOB) - 2023
The average silver export price stood at $154K per ton in June 2023, growing by 6.5% against the previous month. In general, the export price, however, continues to indicate a deep slump. The most prominent rate of growth was recorded in January 2023 an increase of 289% m-o-m. The export price peaked at $314K per ton in April 2023; however, from May 2023 to June 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In June 2023, the country with the highest price was the Czech Republic ($238K per ton), while the average price for exports to the United States ($47,711 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+2.2%), while the prices for the other major destinations experienced more modest paces of growth.
Silver Imports in Hungary
In 2022, overseas purchases of silver including silver plated with gold or platinum decreased by -0.4% to 368 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, posted a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 136%. As a result, imports attained the peak of 370 tons, leveling off in the following year.
In value terms, silver imports expanded remarkably to $48M in 2022. Overall, imports, however, posted significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 68%. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in the immediate term.
Import of Silver in Hungary (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 9.5 | 14.8 | 20.5 | 18.9 | 25.8% |
United States | 0.3 | 1.8 | 5.3 | 9.3 | 214.1% |
Italy | 0.7 | 0.7 | 3.8 | 3.9 | 77.3% |
Malaysia | 1.5 | 0.8 | 2.0 | 1.9 | 8.2% |
Romania | 0.1 | 2.9 | 4.0 | 1.3 | 135.1% |
China | N/A | N/A | 0.4 | 1.3 | 225.0% |
Taiwan (Chinese) | 0.1 | 0.1 | 0.2 | 0.5 | 71.0% |
Others | 7.6 | 5.7 | 8.8 | 11.1 | 13.5% |
Total | 19.7 | 26.8 | 45.1 | 48.4 | 34.9% |
Top Suppliers of Silver to Hungary in 2022:
- Germany (176.8 tons)
- United States (124.5 tons)
- Malaysia (20.2 tons)
- China (16.7 tons)
- Taiwan (Chinese) (7.4 tons)
- Romania (6.1 tons)
- Italy (5.7 tons)
Silver Exports in Hungary
In 2022, after three years of growth, there was significant decline in shipments abroad of silver including silver plated with gold or platinum, when their volume decreased by -33.6% to 149 tons. Overall, exports, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 65% against the previous year. As a result, the exports reached the peak of 225 tons, and then dropped markedly in the following year.
In value terms, silver exports shrank to $30M in 2022. In general, total exports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +18.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +68.3% against 2019 indices. The pace of growth was the most pronounced in 2021 when exports increased by 54% against the previous year. As a result, the exports reached the peak of $34M, and then reduced in the following year.
Export of Silver in Hungary (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Romania | 2.7 | 3.3 | 5.1 | 5.1 | 23.6% |
Germany | 2.5 | 2.6 | 4.6 | 4.2 | 18.9% |
Czech Republic | 1.2 | 1.2 | 2.7 | 3.0 | 35.7% |
Turkey | 1.4 | 1.7 | 3.3 | 2.4 | 19.7% |
China | 0.2 | 3.0 | 4.3 | 1.9 | 111.8% |
United Kingdom | 1.3 | 1.2 | 1.3 | 1.3 | 0.0% |
Mexico | 0.1 | 0.2 | 0.9 | 0.9 | 108.0% |
United States | 1.9 | 0.9 | 1.8 | 0.8 | -25.0% |
Malaysia | 0.1 | 0.3 | 0.4 | 0.5 | 71.0% |
Indonesia | 0.1 | 0.4 | 0.6 | 0.4 | 58.7% |
Ukraine | 0.2 | 0.1 | 0.2 | 0.3 | 14.5% |
Israel | 0.1 | 0.1 | 0.1 | 0.2 | 26.0% |
Morocco | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
Others | 6.4 | 6.9 | 8.6 | 9.2 | 12.9% |
Total | 18.1 | 22.1 | 34.0 | 30.5 | 19.0% |
Top Export Markets for Silver from Hungary in 2022:
- Turkey (46.1 tons)
- China (27.9 tons)
- United States (16.0 tons)
- Mexico (13.7 tons)
- Indonesia (5.9 tons)
- Malaysia (5.8 tons)
- Ukraine (4.5 tons)
- United Kingdom (3.6 tons)
- Czech Republic (3.3 tons)
- Romania (2.6 tons)
- Germany (2.6 tons)
- Israel (2.5 tons)
- Morocco (2.5 tons)
This report provides an in-depth analysis of the silver market in Hungary. 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 24411030 - Silver, unwrought or in powder form (including plated with gold or platinum)
- Prodcom 24411050 - Silver, in semi-manufactured forms (including plated with gold or platinum) (excluding unwrought or in powder form)
Country coverage:
- Hungary
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Hungary
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the silver market in Hungary.
This report provides an in-depth analysis of the semi-manufactured silver market in Hungary.
This report provides an in-depth analysis of the unwrought silver market in Hungary.
This report provides an in-depth analysis of the global silver market.
This report provides an in-depth analysis of the global semi-manufactured silver market.
This report provides an in-depth analysis of the global unwrought silver market.
This report provides an in-depth analysis of the silver market in Hungary.
This report provides an in-depth analysis of the semi-manufactured silver market in Hungary.
This report provides an in-depth analysis of the unwrought silver market in Hungary.
This report provides an in-depth analysis of the global silver market.
Explore the top import markets for silver and the key statistics behind their import values. Learn about the leading countries in the global trade of silver and the factors driving their demand. Gain insights from the IndexBox market intelligence platform.
In 2016, approx. X tons of silver were imported worldwide- coming down by -X% against the previous year figure. In general, silver imports continue to indicate a moderate decline. The pace of gr...
In 2016, approx. X tons of silver were imported worldwide- coming down by -X% against the previous year figure. In general, silver imports continue to indicate a moderate decline. The pace of gr...
Explore the top import markets for semi-manufactured silver, including India, the United States, Canada, and the United Kingdom. Learn about their import values and the factors driving their demand for silver. Discover the potential of these markets for exporters and businesses.
Explore the world's best import markets for unwrought silver, including key statistics and factors driving demand. Learn about the top countries and their import values.
The global unwrought silver market revenue amounted to $20.1B in 2018, waning by -5.7% against the previous year....
Explore the top import markets for silver and the key statistics behind their import values. Learn about the leading countries in the global trade of silver and the factors driving their demand. Gain insights from the IndexBox market intelligence platform.
In 2016, approx. X tons of silver were imported worldwide- coming down by -X% against the previous year figure. In general, silver imports continue to indicate a moderate decline. The pace of gr...
In 2016, approx. X tons of silver were imported worldwide- coming down by -X% against the previous year figure. In general, silver imports continue to indicate a moderate decline. The pace of gr...
Explore the top import markets for semi-manufactured silver, including India, the United States, Canada, and the United Kingdom. Learn about their import values and the factors driving their demand for silver. Discover the potential of these markets for exporters and businesses.