In 2023, Germany dominated the European export of silver in semi-manufactured forms with 71.8% market share by volume, followed by Italy at 16.79%. Spain, Austria, and a group of smaller European countries held the remaining shares. From the previous year, significant growth was observed in Germany (11.7%), Italy (14.48%), and a remarkable surge in Lithuania (22.96%). However, Belgium and Denmark witnessed declines with changes of -6.48% and -100% respectively. The compound annual growth rate (CAGR) over the last five years highlights Germany and Italy's consistent performance, bolstering their dominant positions.
Future trends to watch include:
- The potential for further solidifying Germany and Italy's market leadership as economic recovery boosts industrial demand.
- The impact of environmental regulations on silver production and export practices across Europe.
- Technological advancements that may influence the efficiency and volume of silver processing and export.
Top countries in Export of Silver in Semi-Manufactured Forms Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 71.8 | 2023 | +0.13% | +11.7% | View data |
| 2 | 2 Italy | 16.79 | 2023 | +14.54% | +14.48% | View data |
| 3 | 3 Spain | 1.74 | 2023 | -51.82% | View data | |
| 4 | 4 Austria | 0.98 | 2023 | +7.5% | -3.65% | View data |
| 5 | 5 Bulgaria | 0.94 | 2023 | +3.47% | +2.55% | View data |
| 6 | 6 Ireland | 0.62 | 2023 | +9.53% | +7.01% | View data |
| 7 | 7 Hungary | 0.62 | 2023 | +5.56% | +1.02% | View data |
| 8 | 8 United Kingdom | 0.61 | 2023 | -3.67% | View data | |
| 9 | 9 France | 0.44 | 2023 | -23.92% | View data | |
| 10 | 10 Lithuania | 0.39 | 2023 | +6.4% | +22.96% | View data |
