In 2023, Sweden led European precious metals domestic extraction with 10.47 million metric tons, followed by Poland with 5.21 million metric tons. Portugal showed significant growth, reporting a 332.26% increase. Conversely, Spain and Ireland experienced declines, with reductions of 5.56% and 3.81%, respectively. Greece expanded by 4.1%, and Cyprus and Slovakia exhibited mixed trends, with Cyprus decreasing by 2.57% and Slovakia growing by 4.56%.
Future trends to monitor include the effects of environmental regulations and technological advancements on mining productivity. Political and economic shifts in Europe could also impact extraction rates and industry investments.
Top countries in Precious Metals Domestic Extraction by Country
| # | 8 Countries | Thousand Metric Tons | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Sweden | 10,470 | 2023 | +1.37% | -0.49% | View data |
| 2 | 2 Poland | 5,210 | 2023 | +1.57% | +1.25% | View data |
| 3 | 3 Portugal | 1,480 | 2023 | +16.15% | +332.26% | View data |
| 4 | 4 Greece | 267.51 | 2023 | +0.72% | +4.1% | View data |
| 5 | 5 Cyprus | 133.35 | 2023 | +10.6% | -2.57% | View data |
| 6 | 6 Slovakia | 58.13 | 2023 | +0.34% | +4.56% | View data |
| 7 | 7 Spain | 5.19 | 2023 | -2.61% | -5.56% | View data |
| 8 | 8 Ireland | 0.028 | 2023 | -28.21% | -3.81% | View data |
