The sold production of silver in semi-manufactured forms in France has seen a dynamic evolution over the years. After a significant drop in 2015 (-52.24%), the market slowly rebounded and saw considerable fluctuations. Notably, there was a sharp increase in 2018 of 478.88%, driving substantial growth in the following years. From 2019 onwards, the market has maintained a relatively steady upward trend, culminating in a value of €22 million in 2023, with a year-on-year growth of 3.6% and a compound annual growth rate (CAGR) of 8.58% over the past five years.
Looking ahead, the forecasted data suggests a continued positive trend with a forecasted CAGR of 2.47% over the next five years, expecting to reach €25.708 million by 2028. This indicates moderate but steady growth, reflecting market maturation and stabilization.
Future trends to watch for:
- Technological advancements in silver processing which could impact production efficiency.
- The influence of global silver prices and their correlation with production volumes.
- Potential economic or regulatory changes within the European Union that could affect manufacturing costs and trade.
