In 2023, Italy led Europe in the number of precious metal enterprises, significantly ahead of the next two countries, Germany and Poland. Italy's enterprise numbers grew by 25.11% from the previous year, while Germany and Poland saw modest increases of 1.02% and 0.31%, respectively. Conversely, the United Kingdom experienced a notable decline of 6.73%. France and the Netherlands also saw decreases, at -7.09% and -9.9%, respectively. Furthermore, smaller markets like Croatia saw an uptick of 6.58%, and Denmark achieved the most considerable relative growth at 8.45%.
Future trends to watch include potential growth in Eastern Europe, where countries like Romania and Croatia show positive momentum. On the contrary, the decline in Western Europe, especially in the UK and France, may continue unless economic conditions improve. Sustainability trends and technological adoption in precious metal extraction and processing could also shift enterprise numbers across countries. Emphasizing innovation and regulatory adjustments may transform the market landscape over the coming years.
Top countries in Precious Metals Number of Enterprises by Country
| # | 10 Countries | Units (Enterprises) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 518 | 2023 | +7.02% | +25.11% | View data |
| 2 | 2 Germany | 142 | 2023 | 0% | +1.02% | View data |
| 3 | 3 Poland | 131 | 2023 | 0% | +0.31% | View data |
| 4 | 4 United Kingdom | 24 | 2023 | -7.69% | -6.73% | View data |
| 5 | 5 Portugal | 19 | 2023 | 0% | -1.02% | View data |
| 6 | 6 Netherlands | 19 | 2023 | 0% | -9.9% | View data |
| 7 | 7 Romania | 14 | 2023 | +7.69% | +1.49% | View data |
| 8 | 8 Bulgaria | 14 | 2023 | +7.69% | 0% | View data |
| 9 | 9 Finland | 11 | 2023 | 0% | +1.92% | View data |
| 10 | 10 Croatia | 11 | 2023 | +10% | +6.58% | View data |
