Key Market Indicators
Exports of silver from Hungary are expected to reach 107,000 kilograms by 2026, up from 81,000 kilograms in 2021. This marks an average annual growth rate of 4.9%. Since 2005, the country's silver supply has increased by 53%, year on year. Meanwhile, imports of silver into Hungary are forecast to reach $19 million by 2026, up from $16 million in 2021. This represents a CAGR of 3.9%. Since 2003, the country's annual silver demand has grown by 12.7%. In 2021, Hungary ranked 23rd in the world for silver imports, behind Chile which imported $16 million. The United States, United Kingdom and Japan followed in the second, third and fourth places respectively.
