The European import data for unwrought silver or silver in powder form highlights the United Kingdom as the leading importer in 2023, despite a decline of 4.07%. Germany and Spain show significant growth, with increases of 17.74% and 82.8%, respectively. Austria and Ireland are also notable with growth rates of over 20%. Conversely, Belgium and Hungary saw sharp declines exceeding 16%. Over a five-year period, most countries have shown volatile import trends, reflecting both market conditions and currency fluctuations.
Looking ahead, several factors could influence future trends:
- Continued industrial demand for silver in electronics and photovoltaics.
- Possible shifts due to economic recovery strategies in post-pandemic Europe.
- Changes in trade policies or tariffs impacting silver importation.
Top countries in Import of Unwrought Silver or in Powder Form by Country
| # | 10 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 3,019,100 | 2023 | -3.33% | -4.07% | View data |
| 2 | 2 Germany | 1,276,300 | 2023 | +15.68% | +17.74% | View data |
| 3 | 3 Spain | 1,100,300 | 2023 | +4.51% | +82.8% | View data |
| 4 | 4 Italy | 658,780 | 2023 | +6.41% | +0.34% | View data |
| 5 | 5 France | 448,740 | 2023 | -0.79% | -1.32% | View data |
| 6 | 6 Austria | 266,990 | 2023 | +1.17% | +20.45% | View data |
| 7 | 7 Poland | 258,470 | 2023 | +6.38% | +8.93% | View data |
| 8 | 8 Denmark | 153,300 | 2023 | +6.33% | -1.5% | View data |
| 9 | 9 Czechia | 145,070 | 2023 | |||
| 10 | 10 Netherlands | 77,930 | 2023 | +16.85% | -4.5% | View data |
