In 2024, Italy dominates European production of silver in semi-manufactured forms, holding a 67.95 kg share. Spain follows with 15.92 kg, while France produces 10.58 kg. Smaller producers include Bulgaria (2.56 kg), Poland (2.02 kg), and the United Kingdom (0.86 kg). Marginal contributions come from Hungary (0.04 kg), Finland (0.035 kg), Norway (0.021 kg), Denmark (0.00016 kg), and Estonia (8.1e-05 kg), with most staying relatively stagnant since 2023.
Year-on-year comparisons indicate significant growth in Italy (16.57%) and Bulgaria (47.08%), while Hungary saw a complete cessation of production (-100.0%). Spain, Poland, the United Kingdom, Norway, Denmark, and Estonia maintained their output levels. A slight increase was noted in Finland (1.69%), and France also increased production by 11.11%. Overall, these variations highlight Italy's and Bulgaria's expanding production capabilities in 2023 compared to other European nations.
Looking forward, trends to watch include Italy potentially leveraging its lead further and Bulgaria's rapid growth momentum. Monitoring technological advancements and policy changes will also be critical in shaping future market dynamics in European silver production.
Top countries in Production of Silver in Semi-Manufactured Forms Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 67.95 | 2023 | +29.84% | +16.57% | View data |
| 2 | 2 Spain | 15.92 | 2023 | +20.68% | View data | |
| 3 | 3 France | 10.58 | 2023 | -0.2% | +11.11% | View data |
| 4 | 4 Bulgaria | 2.56 | 2023 | +126.45% | +47.08% | View data |
| 5 | 5 Poland | 2.02 | 2023 | -75.4% | View data | |
| 6 | 6 United Kingdom | 0.86 | 2023 | -22.6% | View data | |
| 7 | 7 Hungary | 0.04 | 2023 | -1.99% | View data | |
| 8 | 8 Finland | 0.035 | 2023 | +3.82% | +1.69% | View data |
| 9 | 9 Norway | 0.021 | 2023 | -65.47% | View data | |
| 10 | 10 Denmark | 0 | 2023 | -31.23% | View data |
