In 2023, Germany held the largest share in European sold production of silver at 80.04%, followed by Italy and Spain with 13.69% and 10.14%, respectively. The year-on-year variation shows significant growth for Spain at 60.38%, while Hungary saw a decrease of 41.28%. Germany's growth was moderate at 21.03%, and Italy's at 27.04%. Over the past five years, Compound Annual Growth Rate (CAGR) trends indicate strong growth potential in developing markets, while established markets exhibit steadier growth.
In the future, watch for technological advancements in silver processing and shifts in demand from industries such as electronics and renewable energies that could alter production dynamics. Regulatory changes and environmental considerations may also impact production shares among European countries.
Top countries in Sold Production of Silver, Unwrought or in Semi-Manufactured Forms, or in Powder Form Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 80.04 | 2023 | +1.97% | +21.03% | View data |
| 2 | 2 Italy | 13.69 | 2023 | +3.31% | +27.04% | View data |
| 3 | 3 Spain | 10.14 | 2023 | +35.62% | +60.38% | View data |
| 4 | 4 Finland | 1.78 | 2023 | +9.53% | +15.05% | View data |
| 5 | 5 Austria | 0.98 | 2021 | View data | ||
| 6 | 6 France | 0.56 | 2023 | +3.6% | +8.58% | View data |
| 7 | 7 Sweden | 0.038 | 2023 | +0.0097% | View data | |
| 8 | 8 Portugal | 0.028 | 2023 | +104.94% | +39.84% | View data |
| 9 | 9 Denmark | 0.004 | 2023 | +9.34% | +27.65% | View data |
| 10 | 10 Estonia | 0.001 | 2023 | +33.06% | View data |
