The European production of precious metals in kilograms is heavily dominated by the United Kingdom, which stands at 82.82 kg in 2024. Italy follows at 8.68 kg, and Poland at 5.74 kg. Notably, Poland experienced a significant growth of 263.97% year-on-year in 2023, the highest among all the countries listed. The United Kingdom also saw an impressive increase of 234.75%, and Hungary rose by 236.23%. Meanwhile, some countries faced declines, such as Norway, which decreased by 65.41%, and Portugal, which saw a slight drop of 3.28%. The total production by minor producers like Estonia, Norway, and Croatia remains negligible in comparison.
Trends to watch for include continued dominance by the United Kingdom, which seems poised to retain its leadership position. Marked improvements in Poland and Hungary suggest a growing role for these countries in the European precious metals market. Norway's significant decline warrants attention, as it may reflect broader challenges in maintaining its supply levels.
Top countries in Production of Precious Metals Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 82.82 | 2023 | -4.68% | +234.75% | View data |
| 2 | 2 Italy | 8.68 | 2023 | +9.9% | +15.36% | View data |
| 3 | 3 Poland | 5.74 | 2023 | +10.45% | +263.97% | View data |
| 4 | 4 Hungary | 0.83 | 2023 | +0.17% | +236.23% | View data |
| 5 | 5 Sweden | 0.6 | 2023 | +9.16% | View data | |
| 6 | 6 Spain | 0.55 | 2023 | +9.87% | +3.95% | View data |
| 7 | 7 Austria | 0.5 | 2023 | +16.76% | +36.8% | View data |
| 8 | 8 France | 0.43 | 2021 | +171.4% | View data | |
| 9 | 9 Finland | 0.33 | 2023 | +3.59% | +0.34% | View data |
| 10 | 10 Romania | 0.31 | 2023 | +30.33% | View data |
