The domestic material consumption of precious metals in Germany saw substantial fluctuations over the past decade. Starting at 169.33 thousand metric tons in 2013, it peaked at 200.91 thousand metric tons in 2014, followed by a sharp decline to 72.19 in 2015 and further to 53.65 in 2016. From 2017 onwards, consumption recovered gradually, reaching 88.07 in 2018 and 105.76 in 2019. Since 2020, the trend has been more stable, with a slight year-on-year increase leading to the 2023 value of 134.72 thousand metric tons. This recent period has shown less volatility, suggesting a stabilization in consumption patterns.
The last two years showed modest increases, with a year-on-year variation of 1.3% in 2022 and 3.66% in 2023. The forecasted data indicates a steady growth with a 5-year compound annual growth rate (CAGR) of 2.54%, projecting consumption to reach 158.05 thousand metric tons by 2028, marking a 13.35% total growth over this period.
Future trends to watch for include:
- Geopolitical factors impacting supply chains and influencing prices and availability of precious metals.
- Technological advancements and industry shifts towards sustainable practices potentially changing consumption patterns.
- Economic conditions, both locally and globally, affecting industrial demand for precious metals in manufacturing and technology sectors.
