The United Kingdom leads in the European import of silver with nearly double the volume of the second-largest importer, Germany. Among the top importers, Germany, Spain, Austria, Poland, Denmark, Ireland, Finland, Lithuania, and Estonia showed positive growth in 2023, with Estonia seeing the most significant increase. Conversely, France, Italy, and Belgium experienced notable declines. Smaller economies like Slovakia, Greece, and Luxembourg saw significant drops as well.
Future trends to watch include potential market expansions in Germany and Spain due to their growing import volumes. Also, continued growth in Ireland and Estonia could indicate strengthening demand in those regions. Attention should be paid to economic policies and emerging industries that might drive demand for silver in Europe. The impact of sustainable and green technologies requiring silver could also be a key trend in coming years.
Top countries in Import of Silver, Unwrought or in Semi-Manufactured Forms, or in Powder Form by Country
| # | 10 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 3,912,400 | 2023 | -2.08% | -2.46% | View data |
| 2 | 2 Germany | 1,578,000 | 2023 | +11.28% | +11.11% | View data |
| 3 | 3 Italy | 982,570 | 2023 | +2.04% | -2.11% | View data |
| 4 | 4 Spain | 666,290 | 2023 | -8.52% | +16.4% | View data |
| 5 | 5 France | 620,140 | 2023 | +12.43% | -7.46% | View data |
| 6 | 6 Austria | 395,960 | 2023 | +0.58% | +15.14% | View data |
| 7 | 7 Poland | 308,200 | 2023 | +5.04% | +6.67% | View data |
| 8 | 8 Denmark | 251,490 | 2023 | -6.96% | +5.28% | View data |
| 9 | 9 Czechia | 206,390 | 2023 | |||
| 10 | 10 Hungary | 139,300 | 2023 | +0.63% | -6.63% | View data |
