Israel: Semi-Manufactured Silver Market 2024

Semi-Manufactured Silver Market Size in Israel

The Israeli semi-manufactured silver market expanded to $X in 2022, with an increase of X% against the previous year. In general, consumption, however, recorded a noticeable downturn. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Semi-Manufactured Silver Production in Israel

In value terms, semi-manufactured silver production expanded significantly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a noticeable downturn. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Semi-manufactured silver production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Semi-Manufactured Silver Exports

Exports from Israel

In 2022, shipments abroad of silver in semi-manufactured forms decreased by X% to X tons, falling for the second year in a row after two years of growth. Overall, exports, however, saw buoyant growth. The pace of growth appeared the most rapid in 2015 with an increase of X%. Over the period under review, the exports reached the peak figure at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, semi-manufactured silver exports fell remarkably to $X in 2022. Over the period under review, exports, however, saw resilient growth. The most prominent rate of growth was recorded in 2015 with an increase of X%. The exports peaked at $X in 2021, and then plummeted in the following year.

Exports by Country

Italy (X tons) was the main destination for semi-manufactured silver exports from Israel, accounting for a X% share of total exports. It was followed by Germany (X kg), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Italy totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and the United States (X% per year).

In value terms, Italy ($X) remains the key foreign market for silver in semi-manufactured forms exports from Israel, comprising X% of total exports. The second position in the ranking was taken by Germany ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Italy stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and the United States (X% per year).

Export Prices by Country

In 2022, the average semi-manufactured silver export price amounted to $X per ton, waning by X% against the previous year. Overall, the export price saw a slight slump. The growth pace was the most rapid in 2021 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Italy ($X 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 the UK (X%), while the prices for the other major destinations experienced a decline.

Semi-Manufactured Silver Imports

Imports into Israel

In 2022, approx. X tons of silver in semi-manufactured forms were imported into Israel; reducing by X% against the previous year's figure. Over the period under review, imports, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2015 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, semi-manufactured silver imports dropped notably to $X in 2022. Overall, total imports indicated notable growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2018 indices. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then reduced notably in the following year.

Imports by Country

In 2022, Italy (X tons) constituted the largest semi-manufactured silver supplier to Israel, accounting for a X% share of total imports. Moreover, semi-manufactured silver imports from Italy exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. Spain (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Italy totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Spain (X% per year).

In value terms, Italy ($X) constituted the largest supplier of silver in semi-manufactured forms to Israel, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with a X% share of total imports. It was followed by Spain, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Italy amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Spain (X% per year).

Import Prices by Country

In 2022, the average semi-manufactured silver import price amounted to $X per ton, falling by X% against the previous year. Over the period under review, the import price saw a pronounced curtailment. The most prominent rate of growth was recorded in 2021 an increase of X%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the United States ($X per ton) and Germany ($X per ton), while the price for Singapore ($X per ton) and Spain ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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