In 2023, Germany commanded the highest turnover in the European Precious Metals and Non-Ferrous Metals Manufacturing sector with 48.71 billion euros, although it saw a slight decline of 2.3%. Italy and Spain followed, with turnovers of 15.54 and 14.77 billion euros, respectively, experiencing a notable dip of 5.8% in Italy but an increase of 1.32% in Spain. Belgium (9.77 billion euros) and Norway (8.77 billion euros) round out the top five, with Norway experiencing a substantial decline of 1.89%, while Belgium saw moderate growth at 0.36%. Sweden showed strong growth at 2.84% in 2023 and the Czech Republic at 2.75%, while countries like the United Kingdom and France suffered declines of 2.66% and 6.67%, respectively. Smaller markets like Croatia and Cyprus experienced some of the highest declines, at 9.46% and 2.07%.
Future trends to watch for include continued growth in Spain and Sweden, driven by scaled technology investments and efficiency improvements. Serbia's 10.62% growth in 2023 indicates potential for further expansion. Conversely, larger markets such as Germany and Italy may need strategic adjustments to reverse their declines. Additionally, vigilance towards emerging economies like Romania and Poland, which have managed stability and growth respectively, will be crucial in the rapidly evolving European market landscape.
- Germany: Slight decline of 2.3% in 2023.
- Italy: Notable dip of 5.8% in 2023.
- Spain: Increase of 1.32% in 2023.
- Belgium: Moderate growth at 0.36% in 2023.
- Norway: Substantial decline of 1.89% in 2023.
- Sweden: Strong growth at 2.84% in 2023.
- United Kingdom: Decline of 2.66% in 2023.
- France: Decline of 6.67% in 2023.
- Serbia: Growth of 10.62% in 2023.
- Poland: Growth of 3.18% in 2023.
Top countries in Precious Metals and Non-Ferrous Metals Manufacturing Turnover by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 48,710 | 2023 | +0.8% | -0.023% | View data |
| 2 | 2 Italy | 15,540 | 2023 | +1.19% | -0.58% | View data |
| 3 | 3 Spain | 14,770 | 2023 | +2.54% | +1.32% | View data |
| 4 | 4 Belgium | 9,770 | 2023 | +1.47% | +0.36% | View data |
| 5 | 5 Norway | 8,770 | 2023 | +6.61% | -1.89% | View data |
| 6 | 6 Sweden | 8,540 | 2023 | +3.33% | +2.84% | View data |
| 7 | 7 United Kingdom | 5,970 | 2023 | -2.62% | -2.66% | View data |
| 8 | 8 Austria | 5,960 | 2023 | +2.19% | +0.96% | View data |
| 9 | 9 France | 5,910 | 2023 | -2.37% | -6.67% | View data |
| 10 | 10 Bulgaria | 4,440 | 2023 | +3.18% | +2.45% | View data |
