The precious metals turnover in Poland demonstrated significant fluctuations from 2014 to 2023, with a peak in 2016 at €55.8 million. It fell sharply in subsequent years, bottoming at €19.1 million in 2019. The market saw a partial recovery in 2020, but continued to decline through 2023, ending at €20.0 million. The year-on-year variation showed a mixed trend; in 2023, it decreased by 3.38%, and the compound annual growth rate (CAGR) over the last five years was 0.3%.
Future trends to watch for include:
- Increasing economic and geopolitical instability could drive the demand for precious metals as safe-haven assets.
- The rise of green technologies and electric vehicles may boost demand for metals used in these applications.
- Market shifts due to policy changes or regulation in mining and trade can alter supply dynamics, impacting turnover.
