In 2023, Germany led European silver production with a significant margin, producing 6.49 million kilograms, followed by Italy at 2.16 million kilograms. Spain and Finland showed modest volumes, while other countries like Portugal, Sweden, and Hungary produced significantly less. Notable year-on-year changes in 2023 indicated positive growth in Germany and Italy, with Italy exhibiting a 17.67% increase, while Denmark decreased by 11.65%. Portugal marked a significant rise with an increase of 67.54%, contrasting with no growth in Sweden and Estonia.
Looking forward, European countries may focus on optimizing production techniques and investing in sustainability to boost efficiency. Monitoring market demand and geopolitical factors will be crucial for making informed strategic decisions. Emerging technologies and environmental considerations are expected to play vital roles in shapeshifting the market landscape.
Top countries in Sold Production of Silver, Unwrought or in Semi-Manufactured Forms, or in Powder Form by Country
| # | 10 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 6,491,100 | 2023 | +6.92% | +13.47% | View data |
| 2 | 2 Italy | 2,156,600 | 2023 | +2.52% | +17.67% | View data |
| 3 | 3 Spain | 94,840 | 2023 | -0.47% | +1.06% | View data |
| 4 | 4 Finland | 88,670 | 2023 | +3.03% | +1.49% | View data |
| 5 | 5 Austria | 62,490 | 2021 | View data | ||
| 6 | 6 Portugal | 6,460 | 2023 | +39.21% | +67.54% | View data |
| 7 | 7 Sweden | 2,620 | 2023 | 0% | View data | |
| 8 | 8 Hungary | 533 | 2023 | -10.57% | +3.22% | View data |
| 9 | 9 Estonia | 12 | 2023 | +33.33% | View data | |
| 10 | 10 Denmark | 7 | 2023 | 0% | -11.65% | View data |
