In 2023, Germany led European silver production in unwrought or semi-manufactured forms, valued at 3.1458 billion euros. Italy and Spain followed, each showing significant year-over-year growth at 27.04% and 60.38%, respectively. Finland and Portugal also exemplified strong increases in silver production. France, while exhibiting moderate growth at 8.58%, remained a smaller player, alongside Sweden and Denmark. Notably, Hungary experienced a sizable decline of 41.28% in production.
Future trends to watch in European silver production include:
- Technological advancements enabling increased production efficiency.
- Shifts in market demand driven by industrial applications, including electronics and renewable energy sectors.
- Potential regulatory changes impacting environmental management in mining and production processes.
Top countries in Sold Production of Silver, Unwrought or in Semi-Manufactured Forms, or in Powder Form by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 3,145,800,000 | 2023 | +1.97% | +21.03% | View data |
| 2 | 2 Italy | 537,950,000 | 2023 | +3.31% | +27.04% | View data |
| 3 | 3 Spain | 398,660,000 | 2023 | +35.62% | +60.38% | View data |
| 4 | 4 Finland | 69,930,000 | 2023 | +9.53% | +15.05% | View data |
| 5 | 5 Austria | 38,364,000 | 2021 | View data | ||
| 6 | 6 France | 22,003,000 | 2023 | +3.6% | +8.58% | View data |
| 7 | 7 Sweden | 1,496,900 | 2023 | +0.0097% | View data | |
| 8 | 8 Portugal | 1,087,700 | 2023 | +104.94% | +39.84% | View data |
| 9 | 9 Denmark | 166,910 | 2023 | +9.34% | +27.65% | View data |
| 10 | 10 Estonia | 31,880 | 2023 | +33.06% | View data |
