In 2023, Germany led the European precious metals turnover market with a value of 71.8 million Euros, representing significant market dominance. Italy followed with 23.31 million Euros, and Portugal, Romania, Finland, and Poland trailed with lower turnover values of 0.33, 0.18, 0.17, and 0.07 million Euros, respectively. The year-on-year variation showed Germany at 10.88%, Italy at 12.19%, Portugal at 7.45%, Romania at 14.06%, Finland at 21.86%, and Poland at 0.3%. Over the past five years, Germany and Italy have shown solid growth, while Finland has witnessed the highest average annual growth rate, indicating emerging market dynamics.
Future trends to watch include:
- Increased industrial demand for precious metals in technological advancements leading to higher turnover in Germany and Italy.
- Potential investment interest driving turnover in emerging markets like Finland and Romania.
- Regulatory changes in the European Union affecting market dynamics and trade flows among these countries.
Top countries in Precious Metals Turnover Share by Country (Million Euros)
| # | 6 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 71.8 | 2023 | +6.47% | +10.88% | View data |
| 2 | 2 Italy | 23.31 | 2023 | +5.17% | +12.19% | View data |
| 3 | 3 Portugal | 0.33 | 2023 | +6.42% | +7.45% | View data |
| 4 | 4 Romania | 0.18 | 2023 | +7.26% | +14.06% | View data |
| 5 | 5 Finland | 0.17 | 2023 | +8.58% | +21.86% | View data |
| 6 | 6 Poland | 0.07 | 2023 | -3.38% | +0.3% | View data |
