In 2023, Italy dominated European production of unwrought silver or in powder form with a share of 51.74%, marking a substantial year-on-year growth of 30.51%. Poland maintained its position, contributing 38.25% without any variation. Sweden and Finland accounted for 5.13% and 2.6% respectively, with minor increases, while Spain decreased slightly by 0.14% to 2.59%. Austria, Czech Republic, and the United Kingdom held constant shares, whereas Portugal experienced a complete decline to zero.
Future trends to watch in the European market include:
- Potential increased production from Italy, bolstering its significant lead.
- Exploration of new markets or production methods to offset declines like that in Portugal.
- Monitoring stability and growth potentials in countries maintaining steady shares like Poland and Sweden.
Top countries in Production of Unwrought Silver or in Powder Form Share by Country (Kilograms)
| # | 9 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 51.74 | 2023 | +12.86% | +30.51% | View data |
| 2 | 2 Poland | 38.25 | 2023 | +0.026% | View data | |
| 3 | 3 Sweden | 5.13 | 2023 | View data | ||
| 4 | 4 Finland | 2.6 | 2023 | +2.92% | +1.63% | View data |
| 5 | 5 Spain | 2.59 | 2023 | +0.084% | -0.14% | View data |
| 6 | 6 Austria | 1.52 | 2023 | -18.83% | View data | |
| 7 | 7 Czech Republic | 0.23 | 2023 | -79.29% | View data | |
| 8 | 8 United Kingdom | 0.099 | 2023 | -29.21% | View data | |
| 9 | 9 Portugal | 0.078 | 2023 | +42.07% | View data |
