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Precious Metals Production in Germany - Market Research Report (2015-2030)

Ashkan Salim Ashkan Salim Frankfurt, Germany Last Updated: November 2025 WZ C24.41DE

Revenue

€24.4bn

2025

€24.4bn

Past 5-Year Growth

Profit

€XXX.Xm

Employees

5,861

Businesses

135

Wages

€XXX.Xm

Precious Metals Production in Germany industry analysis

In recent years, the German precious metals industry has strategically repositioned itself as an innovation partner for high-tech industries. Rising demand from forward-looking sectors such as photovoltaics, electronics and hydrogen technology has opened up stable growth potential for the industry and reduced its dependence on traditional customer industries. At the same time, the precious metal markets were volatile. The price of gold remained stable between USD 1,450 and USD 2,100 per ounce between October 2019 and January 2024, before an upward trend began in March 2024. In the case of platinum group metals, opposing effects led to market complexity, with the slower e-mobility transformation temporarily stabilising demand for catalytic converters, while substitution effects for rhodium exacerbated the supply situation in industrial applications. Since 2020, industry turnover has grown by an average of 3.5% per year and is expected to reach €24.4 billion in the current year.

In 2025, industry turnover is expected to increase by 5.4%. In October 2025, the price of gold exceeded the historic mark of USD 4,000 per ounce for the first time, driven by central bank purchases, interest rate cuts and geopolitical uncertainties. This means considerable increases in turnover and profitability for German precious metal producers, particularly in the recycling business. The ongoing volatility of platinum group metals and the structural dependence on imports require dual risk management, in which long-term supply contracts secure the supply of primary raw materials, while the accelerated expansion of in-house recycling capacities diversifies the supply base and strengthens resilience.

By 2030, industry turnover is expected to increase by an average of 0.9% per year to 25.5 billion euros. Over the next five years, the German precious metals industry will increasingly focus its production capacities on promising high-tech segments. Industry players will develop customised solutions for the energy transition, with platinum likely to play a central role as a catalyst in electrolysers for hydrogen production and palladium in fuel cells. Demographic change is establishing the healthcare sector as a strategic growth market in which companies will invest more heavily, particularly in gold nanoparticles for cancer therapy, biosensors and biocompatible implants. Additive manufacturing will fundamentally transform the value chain and open up new sales markets in medical technology and aerospace. Leading processors are likely to expand their research budgets for biotechnological recycling processes such as bioleaching and enter into strategic partnerships with research institutes in order to establish a sustainable circular economy.

Trends and Insights

  • Precious metal producers are positioning themselves as strategic innovation partners for high-tech industries by developing customised solutions for photovoltaics, electronics and hydrogen technology. This realignment reduces dependence on traditional customer industries and ensures long-term growth through global megatrends such as the energy transition and digitalisation.
  • Gold bars from so-called "aligned partner countries" such as Germany have been completely exempt from US tariffs since September 2025. On 5 September 2025, President Trump signed an executive order setting a tariff rate of 0% for gold bars classified under specific Harmonised Tariff Schedule codes.
  • The largest proportion of all companies in the sector can be found in the South region. This is primarily due to the high number of companies in Pforzheim in Baden-Württemberg.
  • There is fierce competition in the industry when it comes to sourcing raw materials. Many processors compete for favourable contracts and try to conclude long-term agreements with mine operators.
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Complementors

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Industry Statistics and Trends

Market size and recent performance (2015-2030)

Industry revenue has grown at a CAGR of 3.5 % over the past five years, to reach an estimated €24.4bn in 2025.

Trends and Insights

Precious metal manufacturers position themselves as innovation partners for high-tech industries with customised solutions

  • Precious metals such as gold, silver and platinum are indispensable materials for key future technologies. According to the German Precious Metals Association, silver is used in 90% of all silicon solar cells in photovoltaics to increase their efficiency in converting sunlight into electrical energy. At the same time, precious metals such as gold, silver and palladium are crucial for the functionality of modern electronics, from smartphones to control electronics for autonomous driving and the Internet of Things, due to their high electrical conductivity and chemical resistance. Platinum metals also play a key role in catalysts for hydrogen technology.
  • Additional trends and insights available with purchase
Precious Metals Production in Germany
Revenue (2015-2030)
IBISWorld Logo Source: IBISWorld

Industry outlook (2025-2030)

Market size is projected to grow over the next five years.

Trends and Insights

In view of the declining demand from the jewellery and dental industries, precious metal manufacturers must reorient themselves

  • According to Thomas Weiß, Managing Director of Heimerle + Meule GmbH, German precious metal processors recorded a significant decline in demand in the jewellery industry in 2024 due to the sharp rise in the price of gold. Global demand for jewellery fell by 11% to 1,887 tonnes due to high gold prices, while total sales of 18-karat alloys by German manufacturers (mainly for luxury brands worldwide) fell by around 17% to 28 tonnes. Sales of 14-karat and 8-karat alloys (mainly for local markets in Germany and Europe), which have been losing importance for the German jewellery industry for years, also fell.

Biggest companies in the Precious Metals Production in Germany

Company
Market Share (%)
2025
Revenue (€m)
2025
Aurubis AG
1,527.0
Heraeus Holding GmbH
1,354.8
Agosi AG
920.0

To view the market share and analysis for all 7 top companies in this industry, view purchase options.

Products & Services Segmentation

Precious Metals Production in Germany
Products & Services
IBISWorld Logo Source: IBISWorld

Industry revenue is measured across several distinct product and services lines, including silver, Gold and Platinum. silver is the largest segment of the Precious Metals Production in Germany.

Trends and Insights

High demand from the electronics and photovoltaic industries is boosting sales of silver

  • This product group includes silver bars, silver powder and various semi-finished products such as sheets, wires, foils, rods and tubes made of silver.
  • More insights available in the full report

Table of Contents

About this industry

Industry definition

The industry of production and initial processing of precious metals includes the processing of the metals gold, silver and platinum. Production can take place either by mining ores or by recycling scrap. The industry does not include the minting of coins, the manufacture of jewellery and silverware or the casting of precious metals.

What's included in this industry?

Products and services covered in the Precious Metals Production industry in Germany include silver, Gold, Platinum and Plating.

Companies

Companies covered in the Precious Metals Production industry in Germany include Aurubis AG, Heraeus Holding GmbH and Agosi AG.

Purchase this report to view all 7 major companies in this industry.

Related Terms

Related terms covered in the Precious Metals Production industry in Germany include additive manufacturing, catalyser, artificial intelligence (ki), alloying, plating and raffination.

Industry Code

WZ 2008

WZ 24.41 - Precious Metals Production in Germany

Performance

Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.

Analyst insights

Precious metal producers are positioning themselves as strategic innovation partners for high-tech industries by developing customised solutions for photovoltaics, electronics...

In this chapter (4)

  • Current Performance
  • Outlook
  • Volatility
  • Life Cycle

Key metrics

  • Annual Revenue, Recent Growth, Forecast, Revenue Volatility
  • Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
  • Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
  • Total Profit, Profit Margin, Profit per Business

Charts

  • Revenue, including historical (2015-2024) and forecast (2025-2030)
  • Employees, including historical (2015-2024) and forecast (2025-2030)
  • Businesses, including historical (2015-2024) and forecast (2025-2030)
  • Profit, including historical (2015-2025)
  • Industry Volatility vs. Revenue Growth
  • Industry Life Cycle

Detailed analysis

  • Trends in supply, demand and current events that are driving current industry performance
  • Expected trends, economic factors and ongoing events that drive the industry's outlook
  • Key success factors for businesses to overcome volatility
  • How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.

Products and Markets

Learn about an industry's products and services, markets and trends in international trade.

Analyst insight

Gold bars from so-called "aligned partner countries" such as Germany have been completely exempt from US tariffs since September 2025. On 5 September 2025, President Trump si...

In this chapter

  • Products & Services
  • Major Markets
  • International Trade

Key metrics

  • Largest market segment and value in 2025
  • Product innovation level
  • Total imports, level and trend
  • Total exports, level and trend
  • Trade Balance

Charts

  • Products & services segmentation in 2025
  • Major market segmentation in 2025
  • International trade, including imports by country and exports by country

Detailed analysis

  • Trends impacting the recent performance of the industry's various segments
  • Innovations in the industry's product or service offering, specialization or delivery method
  • Key factors that successful businesses consider in their offerings
  • Buying segments and key trends influencing demand for industry products and services
  • Recent trends in import and export volumes, country of origin or destination, and expected future trends

Geographic Breakdown

Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.

Analyst insights

The largest proportion of all companies in the sector can be found in the South region. This is primarily due to the high number of companies in Pforzheim in Baden-Württember...

In this chapter (1)

  • Business Locations

Charts

  • Share of revenue, establishment, wages and employment in each region
  • Share of population compared to establishments in each region in 2025

Tables

  • Number and share of establishments in each region in 2025
  • Number and share of revenue each region accounts for in 2025
  • Number and share of wages each region accounts for in 2025
  • Number and share of employees in each region in 2025

Detailed analysis

  • Geographic spread of the industry across Europe, and trends associated with changes in the business landscape
  • Key success factors for businesses to use location to their advantage

Competitive Forces

Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.

Analyst insights

There is fierce competition in the industry when it comes to sourcing raw materials. Many processors compete for favourable contracts and try to conclude long-term agreements...

In this chapter (4)

  • Concentration
  • Barriers to Entry
  • Substitutes
  • Buyer & Supplier Analysis

Key metrics

  • Industry concentration level
  • Industry competition level and trend
  • Barriers to entry level and trend
  • Substitutes level and trend
  • Buyer power level and trend
  • Supplier power level and trend

Charts

  • Market share concentration among the top 4 suppliers from 2020-2025
  • Supply chain including upstream supplying industries and downstream buying industries, flow chart

Detailed analysis

  • Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
  • Key success factors for businesses to manage the competitive environment of the industry.
  • Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
  • Key success factors for potential entrants to overcome barriers to entry.
  • Competitive threats from potential substitutes for the industry’s own products and services.
  • Key success factors for how successful businesses can compete with substitutes.
  • Advantages that buyers have to keep favorable purchasing conditions.
  • Advantages that suppliers have to maintain favorable selling conditions.
  • Key success factors for how businesses can navigate buyer and supplier power.

Companies

Learn about the performance of the top companies in the industry.

Analyst insights

Aurubis utilises state-of-the-art processes and technologies to recycle precious metals in an efficient and environmentally friendly manner. These include smelting, refining,...

In this chapter

  • Market Share Concentration
  • Companies
  • Company Spotlights

Charts

  • Industry market share by company in 2021 through 2025
  • Major companies in the industry, including market share, revenue, profit and profit margin in 2025
  • Overview of Aurubis AG's performance by revenue, market share and profit margin from 2019 through 2025
  • Overview of Heraeus Holding GmbH's performance by revenue, market share and profit margin from 2019 through 2025
  • Overview of Agosi AG's performance by revenue, market share and profit margin from 2019 through 2025
  • Overview of revenue, market share and profit margin trend for 4 additional companies

Detailed analysis

  • Description and key data for Aurubis AG, and factors influencing its performance in the industry
  • Description and key data for Heraeus Holding GmbH, and factors influencing its performance in the industry
  • Description and key data for Agosi AG, and factors influencing its performance in the industry
  • Description, key data and performance trends for 4 additional companies

External Environment

Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.   

Analyst insights

The Precious Metals Control Act regulates the manufacture, distribution and labelling of objects made of precious metals in order to protect consumers from counterfeiting. Th...

In this chapter

  • External Drivers
  • Regulation & Policy
  • Assistance

Key metrics

  • Regulation & policy level and trend
  • Assistance level and trend

Charts

  • Regulation & Policy historical data and forecast (2015-2030) 
  • Assistance historical data and forecast (2015-2030) 

Detailed analysis

  • Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
  • Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
  • Key governmental and non-governmental groups or policies that may provide some relief for industry operators.

Financial Benchmarks

View average costs for industry operators and compare financial data against an industry's financial benchmarks over time. 

Analyst insights

The industry's profit margins are subject to significant fluctuations due to volatile precious metal prices, with unfavourable buying and selling times directly affecting prof...

In this chapter

  • Cost Structure
  • Financial Ratios
  • Key Ratios

Key metrics

  • Profit margin, and how it compares to the sector-wide margin
  • Average wages, and how it compares to the sector-wide average wage
  • Largest cost component as a percentage of revenue
  • Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio

Charts

  • Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2025
  • Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2025
  • Investment vs. share of economy

Data tables

  • Cash Flow & Debt Service Ratios (2015-2030)
  • Revenue per Employee (2015-2030)
  • Revenue per Enterprise (2015-2030)
  • Employees per Establishment (2015-2030)
  • Employees per Enterprise (2015-2030)
  • Average Wage (2015-2030)
  • Wages/Revenue (2015-2030)
  • Establishments per Enterprise (2015-2030)
  • IVA/Revenue (2015-2030)
  • Imports/Demand (2015-2030)
  • Exports/Revenue (2015-2030)

Detailed analysis

  • Trends in the cost component for industry operators and their impact on industry costs and profitability 

Key Statistics

Industry Data

Data Tables

Including values and annual change:

  • Revenue (2015-2030)
  • IVA (2015-2030)
  • Establishments (2015-2030)
  • Enterprises (2015-2030)
  • Employment (2015-2030)
  • Exports (2015-2030)
  • Imports (2015-2030)
  • Wages (2015-2030)

Top Questions Answered

Unlock comprehensive answers and precise data upon purchase. View purchase options.

What is the market size of the Precious Metals Production industry in Germany in 2025?

The market size of the Precious Metals Production industry in Germany is €24.4bn in 2025.

How many businesses are there in the Precious Metals Production industry in Germany in 2025?

There are 135 businesses in the Precious Metals Production industry in Germany, which has declined at a CAGR of 2.5 % between 2020 and 2025.

How may import tariffs affect the Precious Metals Production industry in Germany?

The Precious Metals Production industry in Germany is likely to be significantly impacted by import tariffs with imports accounting for a high share of industry revenue.

How may export tariffs affect the Precious Metals Production industry in Germany?

The Precious Metals Production industry in Germany is likely to be significantly impacted by export tariffs with exports accounting for a high share of industry revenue.

Has the Precious Metals Production industry in Germany grown or declined over the past 5 years?

The market size of the Precious Metals Production industry in Germany has been growing at a CAGR of 3.5 % between 2020 and 2025.

What is the forecast growth of the Precious Metals Production industry in Germany over the next 5 years?

Over the next five years, the Precious Metals Production industry in Germany is expected to grow.

What are the biggest companies in the Precious Metals Production industry in Germany?

The biggest companies operating in the Precious Metals Production industry in Germany are Aurubis AG, Heraeus Holding GmbH and Agosi AG

What does the Precious Metals Production industry in Germany include?

silver and Gold are part of the Precious Metals Production industry in Germany.

Which companies have the highest market share in the Precious Metals Production industry in Germany?

The company holding the most market share in the Precious Metals Production industry in Germany is Aurubis AG.

How competitive is the Precious Metals Production industry in Germany?

The level of competition is moderate and steady in the Precious Metals Production industry in Germany.

Methodology

How are IBISWorld reports created?

IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.

Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.

IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.

What data sources do IBISWorld analysts use?

Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.

Key data sources in Germany include:

  • German Federal Statistics Office (Destatis)
  • European Statistics Office (Eurostat)
  • United Nations Comtrade

Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.

These sources include:

  • Industry and trade associations
  • Industry federations or regulators
  • Major industry players annual or quarterly filings

Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.

How does IBISWorld forecast its data?

IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.

IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.

Learn more about our methodology and data sourcing on the Help Center.

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