The import of silver to Germany in unwrought, semi-manufactured, or powder form shows a steady upward trend. From 2024 to 2028, the volume is forecasted to increase from 1.7364 million kilograms to 2.3543 million kilograms. Compared to 2023, where the volume stood at 1.6000 million kilograms, the import volume illustrates an upward trajectory.
The year-on-year growth rates are noteworthy: in 2025, there is a 9.02% increase from the previous year, followed by 8.20% in 2026, 7.51% in 2027, and 6.91% in 2028. The compound annual growth rate (CAGR) from 2024 to 2028 is approximately 7.96%.
- Future trends to watch:
- Shifts in global silver prices may impact import volumes.
- Economic shifts in key silver-consuming sectors such as technology and automotive.
- Potential policy changes related to import tariffs and trade agreements.
