Eastern Europe: Semi-Manufactured Silver Market 2024

Semi-Manufactured Silver Market Size in Eastern Europe

The East European semi-manufactured silver market soared to $X in 2023, with an increase of X% against the previous year. Over the period under review, consumption showed resilient growth. As a result, consumption reached the peak level of $X. From 2015 to 2023, the growth of the market remained at a somewhat lower figure.

Semi-Manufactured Silver Production in Eastern Europe

In value terms, semi-manufactured silver production totaled $X in 2023 estimated in export price. Over the period under review, production showed a strong increase. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2023, production growth remained at a lower figure.

Semi-Manufactured Silver Exports

Exports in Eastern Europe

In 2023, after three years of growth, there was significant decline in overseas shipments of silver in semi-manufactured forms, when their volume decreased by X% to X tons. In general, exports, however, saw resilient growth. The pace of growth was the most pronounced in 2020 with an increase of X%. Over the period under review, the exports reached the peak figure at X tons in 2022, and then contracted remarkably in the following year.

In value terms, semi-manufactured silver exports dropped sharply to $X in 2023. Overall, exports, however, recorded a measured increase. The most prominent rate of growth was recorded in 2020 when exports increased by X%. The level of export peaked at $X in 2022, and then reduced remarkably in the following year.

Exports by Country

Russia (X tons) and Poland (X tons) prevails in exports structure, together making up X% of total exports. It was distantly followed by Slovakia (X tons), creating a X% share of total exports. The following exporters - Hungary (X tons), Bulgaria (X tons) and the Czech Republic (X tons) - each accounted for a X% share of total exports.

From 2012 to 2023, the biggest increases were recorded for Bulgaria (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) remains the largest semi-manufactured silver supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was held by Poland ($X), with an X% share of total exports. It was followed by Bulgaria, with an X% share.

In Russia, semi-manufactured silver exports increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Poland (X% per year) and Bulgaria (X% per year).

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2023, approximately mirroring the previous year. In general, the export price showed a mild slump. The pace of growth appeared the most rapid in 2014 when the export price increased by X%. The level of export peaked at $X per ton in 2021; however, from 2022 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Bulgaria ($X per ton), while Poland ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Russia (X%), while the other leaders experienced a decline in the export price figures.

Semi-Manufactured Silver Imports

Imports in Eastern Europe

Semi-manufactured silver imports surged to X tons in 2023, picking up by X% against 2022. Over the period under review, imports posted strong growth. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, semi-manufactured silver imports skyrocketed to $X in 2023. Overall, imports saw buoyant growth. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports attained the maximum in 2023 and are likely to see gradual growth in the near future.

Imports by Country

The countries with the highest levels of semi-manufactured silver imports in 2023 were Bulgaria (X tons), Slovakia (X tons), Hungary (X tons) and the Czech Republic (X tons), together accounting for X% of total import. Poland (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Russia (X%).

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Bulgaria (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Bulgaria ($X) constitutes the largest market for imported silver in semi-manufactured forms in Eastern Europe, comprising X% of total imports. The second position in the ranking was taken by the Czech Republic ($X), with a X% share of total imports. It was followed by Slovakia, with a X% share.

In Bulgaria, semi-manufactured silver imports increased at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: the Czech Republic (X% per year) and Slovakia (X% per year).

Import Prices by Country

In 2023, the import price in Eastern Europe amounted to $X per ton, growing by X% against the previous year. Over the period under review, the import price posted a moderate expansion. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. Over the period under review, import prices attained the peak figure in 2023 and is likely to continue growth in the immediate term.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Slovakia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform