As of 2024, Germany leads the European market in the production of precious metals, accounting for 67.86 kilograms. Italy follows with 19.74 kilograms, and Romania stands third with 5.9 kilograms. Spain, Finland, and France make minor contributions, with recorded figures of 1.41, 0.91, and 0.68 kilograms respectively. Smaller producers include Austria, Hungary, and Portugal.
Year-on-year variation from 2023 indicates significant growth in Hungary (135.74%) and a substantial rise in Denmark (96.36%). Germany and Italy also show steady growth, with increases of 9.24% and 9.02% respectively. In contrast, Norway experienced a sharp decline of 65.44%, and France showed a slight decrease of 2.08%.
Looking ahead, emerging trends to watch for include continued growth in Hungary's production, given its recent substantial increase, and a potential recovery in Norway's market share. Further consolidation in established markets like Germany and Italy is likely, given their consistent performance.
Top countries in Sold Production of Precious Metals Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 67.86 | 2023 | +1.61% | +9.24% | View data |
| 2 | 2 Italy | 19.74 | 2023 | +2.99% | +9.02% | View data |
| 3 | 3 Romania | 5.9 | 2023 | +7.47% | View data | |
| 4 | 4 Spain | 1.41 | 2023 | +5.23% | +2.11% | View data |
| 5 | 5 Finland | 0.91 | 2023 | +1.93% | +0.088% | View data |
| 6 | 6 France | 0.68 | 2023 | +36% | -2.08% | View data |
| 7 | 7 Austria | 0.6 | 2023 | +0.0096% | View data | |
| 8 | 8 Hungary | 0.32 | 2023 | -54.08% | +135.74% | View data |
| 9 | 9 Portugal | 0.15 | 2023 | +6.23% | -2.53% | View data |
| 10 | 10 Denmark | 0.042 | 2023 | +24.13% | +96.36% | View data |
