The United Kingdom remains the largest importer of silver in Europe with 41.18% share, though it experienced a slight decrease of 2.46% year-on-year. Germany and Spain exhibited solid growth with year-on-year increases of 11.11% and 16.4% respectively, signifying robust demand in these markets. France and Italy showed declines of 7.46% and 2.11%, respectively, possibly indicating market saturation or reduced industrial activity. Other countries like Ireland and Estonia showed significant increases, reflecting emerging demand within these smaller markets.
Future trends to watch include:
- Continuation of demand growth in Germany and Spain as industrial use potentially expands.
- Possible stabilization efforts in France and Italy to reverse current declines.
- Emerging demand in smaller markets such as Ireland and Estonia, potentially driven by niche applications.
- Monitoring for economic or policy changes that may impact import levels across Europe.
Top countries in Import of Silver, Unwrought or in Semi-Manufactured Forms, or in Powder Form Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 41.18 | 2023 | -2.08% | -2.46% | View data |
| 2 | 2 Germany | 16.61 | 2023 | +11.28% | +11.11% | View data |
| 3 | 3 Italy | 10.34 | 2023 | +2.04% | -2.11% | View data |
| 4 | 4 Spain | 7.01 | 2023 | -8.52% | +16.4% | View data |
| 5 | 5 France | 6.53 | 2023 | +12.43% | -7.46% | View data |
| 6 | 6 Austria | 4.17 | 2023 | +0.58% | +15.14% | View data |
| 7 | 7 Poland | 3.24 | 2023 | +5.04% | +6.67% | View data |
| 8 | 8 Denmark | 2.65 | 2023 | -6.96% | +5.28% | View data |
| 9 | 9 Czechia | 2.17 | 2023 | |||
| 10 | 10 Hungary | 1.47 | 2023 | +0.63% | -6.63% | View data |
