The United Kingdom leads European imports of unwrought silver or in powder form, despite a slight decline of 4.07% in 2023. Germany, while showing positive growth at 17.74%, follows with a smaller share compared to the UK. Spain experienced the most substantial increase, rising by 82.8%. In contrast, Belgium and Hungary saw significant decreases of 32.85% and 16.02% respectively. Over five years, Austria, Estonia, and Lithuania have demonstrated strong growth trends, indicating dynamic shifts in the silver import landscape.
Looking ahead, heightened demand for sustainable and green technologies could influence import patterns, particularly favoring countries investing in these sectors. Monitoring changes in global silver supply, especially in light of geopolitical factors and trade policies, will be critical. Furthermore, technological advancements and innovations in silver usage may drive shifts in country-specific import strategies.
Top countries in Import of Unwrought Silver or in Powder Form Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 45.66 | 2023 | -3.33% | -4.07% | View data |
| 2 | 2 Germany | 19.3 | 2023 | +15.68% | +17.74% | View data |
| 3 | 3 Spain | 16.64 | 2023 | +4.51% | +82.8% | View data |
| 4 | 4 Italy | 9.96 | 2023 | +6.41% | +0.34% | View data |
| 5 | 5 France | 6.79 | 2023 | -0.79% | -1.32% | View data |
| 6 | 6 Austria | 4.04 | 2023 | +1.17% | +20.45% | View data |
| 7 | 7 Poland | 3.91 | 2023 | +6.38% | +8.93% | View data |
| 8 | 8 Denmark | 2.32 | 2023 | +6.33% | -1.5% | View data |
| 9 | 9 Czechia | 2.19 | 2023 | |||
| 10 | 10 Netherlands | 1.18 | 2023 | +16.85% | -4.5% | View data |
