In 2023, Germany dominated European production of silver in various forms, holding a 70.83% share. Italy followed with a notable 23.53%, while Spain, Finland, and Austria collectively made minimal contributions, with Portugal, Sweden, Hungary, Estonia, and Denmark represented by negligible percentages. Year-on-year, Germany saw a 13.47% increase, Italy rose by 17.67%, while very minimal growths were recorded for Spain and Finland, with Portugal experiencing a remarkable increase of 67.54%. Sweden and Estonia remained constant, while Denmark's production slightly decreased by 11.65%.
Looking ahead, the European silver market may experience shifts in production dynamics. Innovations in manufacturing processes and rising demand in specific industries may influence production shares. Germany and Italy might continue leading unless other nations enhance their capabilities or external factors shift production preferences.
Top countries in Sold Production of Silver, Unwrought or in Semi-Manufactured Forms, or in Powder Form Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 70.83 | 2023 | +6.92% | +13.47% | View data |
| 2 | 2 Italy | 23.53 | 2023 | +2.52% | +17.67% | View data |
| 3 | 3 Spain | 1.03 | 2023 | -0.47% | +1.06% | View data |
| 4 | 4 Finland | 0.97 | 2023 | +3.03% | +1.49% | View data |
| 5 | 5 Austria | 0.68 | 2021 | View data | ||
| 6 | 6 Portugal | 0.07 | 2023 | +39.21% | +67.54% | View data |
| 7 | 7 Sweden | 0.029 | 2023 | 0% | View data | |
| 8 | 8 Hungary | 0.006 | 2023 | -10.57% | +3.22% | View data |
| 9 | 9 Estonia | 0 | 2023 | +33.33% | View data | |
| 10 | 10 Denmark | 0 | 2023 | 0% | -11.65% | View data |
