In 2023, Germany maintained the highest share of global silver compound exports, followed by Japan and Singapore. Notably, Belgium, South Korea, and Hungary showed significant growth, with Belgium increasing its share significantly by 4.27% and Hungary with impressive 204.29%. Japan, Switzerland, and France experienced notable declines in their shares, with Switzerland's share decreasing by 17.44%. Emerging markets like Colombia saw a dramatic surge by 649.85%. Meanwhile, countries like Argentina and Indonesia saw growth trends, although starting from a smaller base.
Looking forward, trends to watch include the continued increase in shares from emerging markets, particularly in South America, as seen with Colombia's substantial growth. Additionally, developed countries may focus on technological advancements to stabilize or enhance their market share. Economic conditions, geopolitical relations, and technological advancements, particularly in greener processes, will play significant roles in shaping the future dynamics of silver compounds exports by country.
Top countries in Export of Silver Compounds Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 28.34 | 2023 | +3.43% | +2.52% | View data |
| 2 | 2 Japan | 17.69 | 2023 | -0.12% | -1.99% | View data |
| 3 | 3 Singapore | 11.81 | 2023 | -2.06% | -1.77% | View data |
| 4 | 4 United States | 11.45 | 2023 | +1.26% | -0.61% | View data |
| 5 | 5 United Kingdom | 8.82 | 2023 | -6.08% | -5.39% | View data |
| 6 | 6 Brazil | 7.39 | 2023 | -0.059% | +2.94% | View data |
| 7 | 7 Italy | 3.08 | 2023 | +3.39% | -0.014% | View data |
| 8 | 8 Belgium | 2.9 | 2023 | +2.92% | +4.27% | View data |
| 9 | 9 Switzerland | 1.41 | 2023 | +0.27% | -17.44% | View data |
| 10 | 10 India | 1.34 | 2023 | +3.6% | +4.55% | View data |
