In 2023, Japan led the global import of base metals clad with silver, followed by the United Kingdom and Italy. Notably, Japan experienced a 19.69% decline, while the United Kingdom and Poland saw increases of 5.95% and 26.66%, respectively. Other significant year-on-year changes include a decline in France (-7.06%) and a noteworthy rise for the Czech Republic (36.39%). This suggests a shift in demand or supply dynamics.
Looking towards future trends, the increasing demand in developing markets like Poland indicates potential growth. Watch for economic policies affecting silver usage, as well as technological advancements offering alternatives. Emerging market dynamics and environmental regulations could also influence the import landscape.
Top countries in Import of Base Metals Clad with Silver Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Japan | 51.44 | 2023 | +3.71% | -19.69% | View data |
| 2 | 2 United Kingdom | 42.46 | 2023 | +4.31% | +5.95% | View data |
| 3 | 3 Italy | 5 | 2023 | +6% | +1.87% | View data |
| 4 | 4 Poland | 3.59 | 2023 | +7.11% | +26.66% | View data |
| 5 | 5 Spain | 2.12 | 2023 | +6.37% | +2.2% | View data |
| 6 | 6 Portugal | 1.93 | 2023 | +5.24% | +5.07% | View data |
| 7 | 7 Hungary | 1.68 | 2023 | +5.31% | +6.31% | View data |
| 8 | 8 China | 1.62 | 2023 | +2.87% | +2.53% | View data |
| 9 | 9 Mexico | 0.76 | 2023 | +3.36% | +2.33% | View data |
| 10 | 10 Sweden | 0.38 | 2023 | +2.63% | +4.43% | View data |
