Italy dominates the European market for articles of goldsmiths' or silversmiths' wares of silver with a significant share of 85.37% as of 2023, showing a healthy 4.84% year-on-year increase. Other notable countries include Poland, with a substantial 17.84% growth, Spain and Portugal experiencing declines of 1.29% and 6.9% respectively, and the UK seeing a decrease of 6.31%. France and Denmark also saw positive changes of 3.06% and 14.19% respectively. Over the last five years, the market has seen variable growth trends with central players stabilizing their production capabilities.
Future trends to watch include potential growth in Eastern European countries like Poland as they continue to expand production capacity. Sustainability and ethical sourcing are also expected to become increasingly important, potentially influencing consumer preferences and production methods. Moreover, technological advancements in manufacturing could lead to increased efficiency and product innovation within the sector.
Top countries in Sold Production of Articles of Goldsmiths' or Silversmiths' Wares of Silver Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 85.37 | 2023 | +2.32% | +4.84% | View data |
| 2 | 2 Poland | 1.97 | 2023 | +2.11% | +17.84% | View data |
| 3 | 3 United Kingdom | 1.83 | 2023 | -3.62% | -6.31% | View data |
| 4 | 4 Spain | 1.36 | 2023 | +4.76% | -1.29% | View data |
| 5 | 5 Germany | 1.08 | 2021 | +25.1% | View data | |
| 6 | 6 Portugal | 1.06 | 2023 | -10.86% | -6.9% | View data |
| 7 | 7 France | 0.84 | 2023 | -1.71% | +3.06% | View data |
| 8 | 8 Norway | 0.75 | 2023 | -16.27% | -2.86% | View data |
| 9 | 9 Greece | 0.35 | 2023 | +4.12% | -4.55% | View data |
| 10 | 10 Finland | 0.34 | 2023 | -6.35% | -4.53% | View data |
