In 2023, Sweden led European countries in domestic material consumption of precious metals, followed by Poland, Romania, and Portugal. The data suggests stability or modest change in most regions, with notable reductions in Belgium and minor fluctuations elsewhere. Sweden experienced a slight decrease, while Poland increased. Most countries maintained stable consumption, indicating established consumption patterns.
Future trends to watch include the potential impact of economic shifts, technological advancements in recycling, and shifts in manufacturing on precious metals' consumption. Environmental policies and sourcing constraints will also play a significant role in influencing how each country adapts to changing demands.
Top countries in Precious Metals Domestic Material Consumption by Country
| # | 10 Countries | Thousand Metric Tons | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Sweden | 10,520 | 2023 | +1.48% | -0.41% | View data |
| 2 | 2 Poland | 5,150 | 2023 | +1.28% | +1.04% | View data |
| 3 | 3 Romania | 1,650 | 2023 | +11.09% | -1.89% | View data |
| 4 | 4 Portugal | 1,480 | 2023 | +16.14% | View data | |
| 5 | 5 Germany | 134.72 | 2023 | +3.66% | View data | |
| 6 | 6 Cyprus | 133.18 | 2023 | +10.55% | View data | |
| 7 | 7 Belgium | 120.84 | 2023 | +6.74% | -8.31% | View data |
| 8 | 8 Greece | 58.93 | 2023 | -5.78% | -0.23% | View data |
| 9 | 9 Slovakia | 57.69 | 2023 | +0.51% | +5.67% | View data |
| 10 | 10 Italy | 3.19 | 2023 | +6.06% | View data |
