Germany's precious metals market volume saw fluctuations from 2013 to 2023. In 2023, the market stood at 2.9037 million kilograms, exhibiting a slight decrease of 1.04% year-on-year. Over the previous two years, the market displayed a small decline with a combined decrease of 6.80%. The five-year compounded annual growth rate (CAGR) up to 2023 was -2.11%, reflecting a general downward trend in market volume.
Forecasts for 2024-2028 anticipate a continued decrease, with a forecasted five-year CAGR of -0.9% and an overall reduction rate of 4.44%. Key indicators to watch will include economic conditions, demand from industrial sectors, and policies impacting precious metals usage and recycling within Germany.
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