In 2023, the UK led global silver nitrate exports with $67.392M, albeit a 2.98% decline from the previous year. Germany followed with stable growth of 0.99% at $24.108M. Brazil, despite a drop of 2.21%, remained a strong exporter with $23.366M. Italy and Switzerland experienced significant growth of 4.62% and 16.89%, respectively. Notably, India surged by 70.26%, reaching $3.8258M. Conversely, significant decreases were observed in South Korea (-32.57%) and Poland (-20.98%).
Future trends to watch include India's rapid growth trajectory and potential market disruptions from geopolitical tensions affecting key players. South Korea and Poland's declining exports may shift the competitive landscape as new markets emerge.
Top countries in Export of Silver Nitrate by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 67,392,000 | 2023 | -3.37% | -2.98% | View data |
| 2 | 2 Germany | 24,108,000 | 2023 | +1.26% | +0.99% | View data |
| 3 | 3 Brazil | 23,366,000 | 2023 | -1.54% | -2.21% | View data |
| 4 | 4 Italy | 12,487,000 | 2023 | +3.52% | +4.62% | View data |
| 5 | 5 United States | 6,068,800 | 2023 | +0.022% | -2.02% | View data |
| 6 | 6 Czech Republic | 4,498,200 | 2023 | +3.03% | -3.95% | View data |
| 7 | 7 Netherlands | 4,083,800 | 2023 | +3.14% | +2.91% | View data |
| 8 | 8 India | 3,825,800 | 2023 | +2.36% | +70.26% | View data |
| 9 | 9 Spain | 2,361,800 | 2023 | +3.72% | +2.25% | View data |
| 10 | 10 Switzerland | 2,031,000 | 2023 | +5.23% | +16.89% | View data |
