Report Update: May 8, 2024

Luxembourg - Silver in Semi-Manufactured Forms - Market Analysis, Forecast, Size, Trends And Insights

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Semi-Manufactured Silver Price in Luxembourg - 2023

Semi-Manufactured Silver Price in Luxembourg (CIF) - 2023

The average semi-manufactured silver import price stood at $500K per ton in June 2023, declining by -30% against the previous month. In general, the import price, however, saw a perceptible increase. The pace of growth appeared the most rapid in July 2022 when the average import price increased by 117% m-o-m. Over the period under review, average import prices attained the maximum at $989K per ton in April 2023; however, from May 2023 to June 2023, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Germany.

From June 2022 to June 2023, the rate of growth in terms of prices for Japan amounted to +14.0% per month.

Semi-Manufactured Silver Price in Luxembourg (FOB) - 2022

In 2022, the average semi-manufactured silver export price amounted to $477,043 per ton, therefore, remained relatively stable against the previous year. Over the period under review, the export price enjoyed a buoyant increase. The growth pace was the most rapid in 2014 an increase of 169% against the previous year. As a result, the export price reached the peak level of $563,998 per ton. From 2015 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($504,063 per ton), while the average price for exports to Austria ($20,027 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (+67.4%), while the prices for the other major destinations experienced mixed trend patterns.

Semi-Manufactured Silver Imports in Luxembourg

For the fourth year in a row, Luxembourg recorded growth in purchases abroad of silver in semi-manufactured forms, which increased by 72% to 3.1 tons in 2022. Over the period under review, imports showed a significant 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 surged to $1.1M in 2022. In general, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +18.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +64.3% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Semi-Manufactured Silver in Luxembourg (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	600	703	809	556	-2.5%
Japan	N/A	N/A	N/A	426	0%
Switzerland	23.5	71.5	73.3	17.5	-9.4%
Others	70.5	31.2	60.5	142	26.3%
Total	694	806	942	1,141	18.0%

Top Suppliers of Semi-Manufactured Silver to Luxembourg in 2022:

Japan (1836.0 kg)
Germany (1152.0 kg)
Switzerland (33.0 kg)

Semi-Manufactured Silver Exports in Luxembourg

In 2022, overseas shipments of silver in semi-manufactured forms decreased by 0% to 23 kg, falling for the second year in a row after two years of growth. Overall, exports recorded a precipitous decline. The growth pace was the most rapid in 2020 with an increase of 33% against the previous year. As a result, the exports attained the peak of 225 kg. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, semi-manufactured silver exports totaled $11K in 2022. In general, exports recorded a precipitous descent. The smallest decline of -17.1% was in 2020.

Export of Semi-Manufactured Silver in Luxembourg (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	68.2	57.5	N/A	10.6	-46.2%
Belgium	12.4	N/A	N/A	0.4	-68.2%
Austria	N/A	N/A	N/A	N/A	0%
United States	N/A	9.4	N/A	N/A	0%
Others	0.1	N/A	N/A	N/A	0%
Total	80.7	66.9	N/A	11.0	-48.5%

Top Export Markets for Semi-Manufactured Silver from Luxembourg in 2022:

Germany (21.0 kg)
Belgium (1.0 kg)
Austria (1.0 kg)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the semi-manufactured silver market in Luxembourg. 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:

Luxembourg

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Luxembourg
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 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
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 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
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, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023