In 2023, Germany was the leading European exporter of silver in semi-manufactured forms, accounting for a significant portion of total export volumes. Italy and Spain followed, though their volumes were notably smaller. Remarkable growth rates were seen in Estonia and Luxembourg, although from relatively low bases. Conversely, exports decreased significantly or stagnated in other countries like Denmark, Croatia, and Belgium. The Compound Annual Growth Rate (CAGR) reflects fluctuating trends among these nations over the past five years, with high volatility and varied performance among major and minor exporters.
Future trends to watch include potential shifts in the regulatory landscape, economic conditions, and technological advancements affecting production and demand. Countries with strong historical growth trends, such as Slovakia and Lithuania, may continue to see expansion, while those with declining or plateaued exports might focus on innovation or diversification to rejuvenate their export performance. Environmental concerns and sustainability trends could further influence sector dynamics across Europe.
Top countries in Export of Silver in Semi-Manufactured Forms by Country
| # | 10 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 3,233,300 | 2023 | +0.13% | +11.7% | View data |
| 2 | 2 Italy | 756,140 | 2023 | +14.54% | +14.48% | View data |
| 3 | 3 Spain | 78,380 | 2023 | -51.82% | View data | |
| 4 | 4 Austria | 44,100 | 2023 | +7.5% | -3.65% | View data |
| 5 | 5 Bulgaria | 42,300 | 2023 | +3.47% | +2.55% | View data |
| 6 | 6 Ireland | 28,060 | 2023 | +9.53% | +7.01% | View data |
| 7 | 7 Hungary | 27,880 | 2023 | +5.56% | +1.02% | View data |
| 8 | 8 United Kingdom | 27,580 | 2023 | -3.67% | View data | |
| 9 | 9 France | 19,640 | 2023 | -23.92% | View data | |
| 10 | 10 Lithuania | 17,430 | 2023 | +6.4% | +22.96% | View data |
