In 2023, Germany led European Precious Metals and Non-Ferrous Metals Manufacturing with a turnover of 32.16 million Euros, despite a slight decline of 2.3% from the previous year. Italy and Spain followed, showing contrasting trends with Italy's turnover decreasing by 58% and Spain's increasing by 1.32%. Notable growth was observed in Sweden and Bulgaria, with turnovers rising by 2.84% and 2.45%, respectively. In contrast, France and the United Kingdom experienced significant declines.
Future trends to watch for in this sector include:
- The impact of technological advancements and green energy transitions on production efficiency.
- The effects of geopolitical tensions and economic policies on trade dynamics.
- Potential shifts in demand due to sustainability-focused consumer behaviors.
- Varied economic recoveries across Europe influencing metal demand and manufacturing output.
Top countries in Precious Metals and Non-Ferrous Metals Manufacturing Turnover Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 32.16 | 2023 | +0.8% | -0.023% | View data |
| 2 | 2 Italy | 10.26 | 2023 | +1.19% | -0.58% | View data |
| 3 | 3 Spain | 9.75 | 2023 | +2.54% | +1.32% | View data |
| 4 | 4 Belgium | 6.45 | 2023 | +1.47% | +0.36% | View data |
| 5 | 5 Norway | 5.79 | 2023 | +6.61% | -1.89% | View data |
| 6 | 6 Sweden | 5.64 | 2023 | +3.33% | +2.84% | View data |
| 7 | 7 United Kingdom | 3.94 | 2023 | -2.62% | -2.66% | View data |
| 8 | 8 Austria | 3.93 | 2023 | +2.19% | +0.96% | View data |
| 9 | 9 France | 3.9 | 2023 | -2.37% | -6.67% | View data |
| 10 | 10 Bulgaria | 2.93 | 2023 | +3.18% | +2.45% | View data |
