In 2023, Italy led European sold production of goldsmiths' or silversmiths' wares of silver with 691.75 million Euros. Poland showed significant growth at 17.84%, while the UK and Portugal experienced declines of 6.31% and 6.9% respectively. Spain's production decreased slightly by 1.29%. Other key markets like France and Denmark recorded positive growth, with Denmark increasing by 14.19%, whereas countries such as Norway, Greece, and Finland saw declines. Over the past five years, the overall market fluctuated, with Italy maintaining its dominance and Poland showing promising upward trends.
Future trends to watch include Italy's continued market leadership and Poland's rapid growth. The modest performances of France and Denmark might signal potential for further expansion, while the UK and Portugal may face challenges without strategic adjustments. External factors such as economic conditions, consumer preferences, and silver prices will play a significant role in shaping production trends.
Top countries in Sold Production of Articles of Goldsmiths' or Silversmiths' Wares of Silver by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 691,750,000 | 2023 | +2.32% | +4.84% | View data |
| 2 | 2 Poland | 15,966,000 | 2023 | +2.11% | +17.84% | View data |
| 3 | 3 United Kingdom | 14,822,000 | 2023 | -3.62% | -6.31% | View data |
| 4 | 4 Spain | 10,981,000 | 2023 | +4.76% | -1.29% | View data |
| 5 | 5 Germany | 8,772,000 | 2021 | +25.1% | View data | |
| 6 | 6 Portugal | 8,606,300 | 2023 | -10.86% | -6.9% | View data |
| 7 | 7 France | 6,780,400 | 2023 | -1.71% | +3.06% | View data |
| 8 | 8 Norway | 6,109,500 | 2023 | -16.27% | -2.86% | View data |
| 9 | 9 Greece | 2,873,900 | 2023 | +4.12% | -4.55% | View data |
| 10 | 10 Finland | 2,731,000 | 2023 | -6.35% | -4.53% | View data |
