Buy the full study
Summary
to understand this market
Detailed content
Inforamtion
- Number of pages : 30 pages
- Format : Digital and PDF versions
- Last update : 17/11/2021
Summary and extracts
1 Market overview
1.1 Definition and scope of study
Silver is a chemical element (atomic number 47, atomic weight 107.87, symbol Ag ), metal, widespread in nature both in its native state and as a mineral.The lustrous white metal is an excellent conductor of electricity and heat and is used alloyed with other metals for: coinage, for the manufacture of numerous objects for laboratory equipment, for electrical conductors and also as a catalyst; many of its compounds have uses in photography, medicine, electroplating. The global silver market was worth $193.3 billion in 2020, and is expected to reach a value of $362.1 billion in 2027, with a growth rate CGAR of 9% over the period.
Silver accounted for more than 84.0% of the global precious metals market volume in 2019. Last year, European jewelry production fell a remarkable 18% to a low of 2010. Much of the decline was due to losses by the dominant producer, Italy, whose exports suffered heavily. In fact, Italy is Europe's leading producer of silver jewelry, with a 66% share of production. As for demand, it grew from 8.8 million ounces in 2011 to 9.2 million ounces in 2019. 2020 saw a considerable loss, and a drop in demand to 7.9 million ounces.
Demand for physical retail and institutional investments is expected to remain strong throughout 2021 in an environment of low interest rates and inflation concerns, and those of industrial metals, a post-pandemic recovery is inevitable. silver 2 This should help prices rise compared to last year. Metals Focus' projections see silver peaking at $32 before the end of the year, then culminating in an annual average of $27.30, which will be 33% higher than the 2020 figure. silver 3
All our studies are available online in PDF format
Take a look at an example of our research on another market!
Companies quoted in this study
This study contains a complete overview of the companies in the market, with the latest figures and news for each company. :
Choosing this study means :
Access to more than 35 hours of work
Our studies are the result of over 35 hours of research and analysis. Using our studies allows you to devote more time and added value to your projects.
Benefit from 6 years' experience and over 1,500 industry reports already produced
Our expertise enables us to produce comprehensive studies in all sectors, including niche and emerging markets.
Our know-how and methodology enable us to produce reports that offer unique value for money.
Access to several thousand articles and paid-for data
Businesscoot has access to all the paid economic press as well as exclusive databases to carry out its market research (over 30,000 articles and private sources).
To enhance our research, our analysts also use web indicators (semrush, trends, etc.) to identify market trends and company strategies. (Consult our paying sources)
Guaranteed support after your purchase
A team dedicated to after-sales service, to guarantee you a high level of satisfaction. +44 238 097 0676
A digital format designed for our users
Not only do you have access to a PDF, but also to a digital version designed for our customers. This version gives you access to sources, data in Excel format and graphics. The content of the study can therefore be easily retrieved and adapted for your specific needs.
Our offers :
the money market | Italy
- What are the figures on the size and growth of the market?
- What is driving the growth of the market and its evolution?
- What is the positioning of companies in the value chain?
- Data from several dozen databases
5 reports pack (-15%) IT Italy
- 5 reports at €75.6 excluding VAT per study to choose from our Italian catalogue for 12 months
- Save 15% on additional studies purchased
- Choose to be refunded any unused credit at the end of the 12-month period (duration of the pack)
See the terms and conditions of the pack and the refund of unused credit.
Our customer references
They have consulted our studies
Discover the opinions (+500)
Malcolm Vincent
Astoria Finance
Gregoire de Castelnau
Stags Participations
Timothé Huignard
PWC
Paul-Alexis Kebabtchieff
BCG
Aymeric Granet
Publicis Consultant
interviews & case studies
All interviews and case studies (45)
