Europe: Colloidal Precious Metals Market 2024

Colloidal Precious Metals Market Size in Europe

The Europe colloidal precious metals market rose significantly to $X in 2023, growing by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. As a result, consumption reached the peak level of $X. From 2015 to 2023, the growth of the market failed to regain momentum.

Colloidal Precious Metals Production in Europe

In value terms, colloidal precious metals production stood at $X in 2023 estimated in export price. In general, production recorded a mild expansion. The growth pace was the most rapid in 2014 with an increase of X%. As a result, production reached the peak level of $X. From 2015 to 2023, production growth failed to regain momentum.

Colloidal Precious Metals Exports

Exports in Europe

After three years of growth, shipments abroad of colloidal precious metals, compounds and amalgams of precious metals (excluding silver nitrate) decreased by X% to X tons in 2023. Overall, exports, however, posted a prominent increase. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, the exports attained the peak figure at X tons in 2022, and then reduced sharply in the following year.

In value terms, colloidal precious metals exports dropped sharply to $X in 2023. In general, exports, however, recorded notable growth. The pace of growth appeared the most rapid in 2020 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

Exports by Country

In 2023, Ireland (X tons) and Belgium (X tons) represented the major exporters of colloidal precious metals, compounds and amalgams of precious metals (excluding silver nitrate) in Europe, together generating X% of total exports. Germany (X tons) held the next position in the ranking, followed by the UK (X tons), the Netherlands (X tons) and Italy (X tons). All these countries together took near X% share of total exports. Norway (X tons) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Norway (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest colloidal precious metals supplier in Europe, comprising X% of total exports. The second position in the ranking was taken by Ireland ($X), with a X% share of total exports. It was followed by the UK, with a X% share.

In Germany, colloidal precious metals exports increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Ireland (X% per year) and the UK (X% per year).

Export Prices by Country

The export price in Europe stood at $X per kg in 2023, waning by X% against the previous year. Overall, the export price recorded a perceptible downturn. The most prominent rate of growth was recorded in 2014 when the export price increased by X%. As a result, the export price attained the peak level of $X per kg. From 2015 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Germany ($X per kg), while Norway ($X per kg) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Germany (X%), while the other leaders experienced mixed trends in the export price figures.

Colloidal Precious Metals Imports

Imports in Europe

In 2023, after four years of growth, there was significant decline in overseas purchases of colloidal precious metals, compounds and amalgams of precious metals (excluding silver nitrate), when their volume decreased by X% to X tons. Overall, imports, however, continue to indicate a modest increase. The pace of growth appeared the most rapid in 2022 with an increase of X%. As a result, imports reached the peak of X tons, and then declined rapidly in the following year.

In value terms, colloidal precious metals imports shrank dramatically to $X in 2023. In general, imports recorded a noticeable downturn. The pace of growth appeared the most rapid in 2022 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2023, imports failed to regain momentum.

Imports by Country

Germany (X tons), Spain (X tons), Belgium (X tons), the Netherlands (X tons), Italy (X tons), the UK (X tons), France (X tons), the Czech Republic (X tons), Poland (X tons), Switzerland (X tons) and Sweden (X tons) represented roughly X% of total imports in 2023.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Sweden (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the Czech Republic ($X) and France ($X) appeared to be the countries with the highest levels of imports in 2023, together comprising X% of total imports.

The Czech Republic, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Europe stood at $X per kg in 2023, surging by X% against the previous year. Overall, the import price, however, continues to indicate a noticeable descent. The growth pace was the most rapid in 2017 an increase of X% against the previous year. The level of import peaked at $X per kg in 2014; however, from 2015 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was the Czech Republic ($X per kg), while Spain ($X per kg) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Czech Republic (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform