In 2023, Italy led European unwrought silver production with a substantial volume increase of 30.51%. Poland maintained stable output, while minor contributors like Portugal saw a complete decline. Sweden, Austria, the Czech Republic, and the UK demonstrated negligible variation, suggesting stability. Over the last five years, Italy's burgeoning production indicates a strong CAGR, whereas most countries showed minimal dynamic shifts in output volumes.
Future trends to watch include Italy's continued expansion, potentially overtaking traditional leaders in the silver market. The stabilization in Poland suggests a steady supply chain, while innovation or policy changes in smaller markets may alter their output trajectory.
Top countries in Production of Unwrought Silver or in Powder Form by Country
| # | 9 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 1,782,600 | 2023 | +12.86% | +30.51% | View data |
| 2 | 2 Poland | 1,317,700 | 2023 | +0.026% | View data | |
| 3 | 3 Sweden | 176,840 | 2023 | View data | ||
| 4 | 4 Finland | 89,540 | 2023 | +2.92% | +1.63% | View data |
| 5 | 5 Spain | 89,350 | 2023 | +0.084% | -0.14% | View data |
| 6 | 6 Austria | 52,460 | 2023 | -18.83% | View data | |
| 7 | 7 Czech Republic | 7,940 | 2023 | -79.29% | View data | |
| 8 | 8 United Kingdom | 3,410 | 2023 | -29.21% | View data | |
| 9 | 9 Portugal | 2,690 | 2023 | +42.07% | View data |
