Price for Silver Compounds; Excluding Silver Nitrates in Slovakia - 2023
Contents:
- Price for Silver Compounds; Excluding Silver Nitrates in Slovakia (FOB) - 2022
- Price for Silver Compounds; Excluding Silver Nitrates in Slovakia (CIF) - 2022
- Exports of Silver Compounds; Excluding Silver Nitrates in Slovakia
- Imports of Silver Compounds; Excluding Silver Nitrates in Slovakia
Price for Silver Compounds; Excluding Silver Nitrates in Slovakia (FOB) - 2022
The average export price for silver compounds; excluding silver nitrateses stood at $612,616 per ton in 2022, increasing by 13% against the previous year. Over the period from 2014 to 2022, it increased at an average annual rate of +3.2%. The pace of growth appeared the most rapid in 2016 when the average export price increased by 34% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Hungary ($623,443 per ton), while the average price for exports to the Czech Republic ($210,065 per ton) was amongst the lowest.
From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (+5.5%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Silver Compounds; Excluding Silver Nitrates in Slovakia (CIF) - 2022
The average import price for silver compounds; excluding silver nitrateses stood at $603,531 per ton in 2022, surging by 152% against the previous year. Overall, the import price enjoyed significant growth. The most prominent rate of growth was recorded in 2019 when the average import price increased by 315% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($633,368 per ton), while the price for Germany ($99,449 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+37.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Silver Compounds; Excluding Silver Nitrates in Slovakia
In 2022, overseas shipments of silver compounds; excluding silver nitrateses decreased by -27.6% to 589 kg for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 20% against the previous year. As a result, the exports reached the peak of 813 kg, and then contracted notably in the following year.
In value terms, silver compounds; excluding silver nitrates exports fell notably to $361K in 2022. Over the period under review, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +10.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 49% against the previous year.
| Export of Silver Compounds; Excluding Silver Nitrates in Slovakia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Slovenia | 114 | 303 | 337 | 261 | 31.8% |
| Hungary | 152 | 81.7 | 104 | 97.6 | -13.7% |
| Poland | N/A | N/A | 0.7 | N/A | 0% |
| Others | N/A | 9.3 | 0.8 | 1.8 | -56.0% |
| Total | 265 | 394 | 442 | 361 | 10.9% |
Top Export Markets for Silver Compounds; Excluding Silver Nitrates from Slovakia in 2022:
- Slovenia (424.0 kg)
- Hungary (157.0 kg)
Imports of Silver Compounds; Excluding Silver Nitrates in Slovakia
In 2022, after three years of growth, there was significant decline in supplies from abroad of silver compounds; excluding silver nitrateses, when their volume decreased by -39.6% to 661 kg. Over the period under review, total imports indicated a slight increase from 2019 to 2022: its volume increased at an average annual rate of +1.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 33% against the previous year.
In value terms, silver compounds; excluding silver nitrates imports surged to $399K in 2022. In general, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +15.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -2.0% against 2020 indices. The pace of growth was the most pronounced in 2020 when imports increased by 57% against the previous year. As a result, imports attained the peak of $407K. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Silver Compounds; Excluding Silver Nitrates in Slovakia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Czech Republic | 242 | 395 | 134 | 280 | 5.0% |
| Italy | 6.7 | 5.8 | 80.0 | 114 | 157.2% |
| Germany | 0.3 | 0.6 | 47.0 | 2.0 | 88.2% |
| China | N/A | N/A | 0.3 | 1.0 | 233.3% |
| Others | 11.2 | 5.3 | 1.2 | 2.0 | -43.7% |
| Total | 260 | 407 | 262 | 399 | 15.3% |
Top Suppliers of Silver Compounds; Excluding Silver Nitrates to Slovakia in 2022:
- Czech Republic (445.0 kg)
- Italy (180.0 kg)
- Germany (20.0 kg)
- China (10.0 kg)
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