Australia and Oceania: Market for Articles of Goldsmiths’ or Silversmiths’ Wares of Precious Metals other than Silver 2024

Market Size for Articles of Goldsmiths’ or Silversmiths’ Wares of Precious Metals other than Silver in Australia and Oceania

The market for articles of goldsmiths’ or silversmiths’ wares of precious metals other than silver in Australia and Oceania soared to $X in 2022, rising by 965% against the previous year. Overall, consumption showed a significant increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Articles of Goldsmiths’ or Silversmiths’ Wares of Precious Metals other than Silver in Australia and Oceania

In value terms, production of articles of goldsmiths’ or silversmiths’ wares of precious metals other than silver surged to $X in 2022 estimated in export price. In general, production continues to indicate notable growth. The pace of growth appeared the most rapid in 2020 with an increase of 13,686%. As a result, production attained the peak level of $X. From 2021 to 2022, production of growth failed to regain momentum.

Exports of Articles of Goldsmiths’ or Silversmiths’ Wares of Precious Metals other than Silver

Exports in Australia and Oceania

In 2022, the amount of articles of goldsmiths’ or silversmiths’ wares of precious metals other than silver exported in Australia and Oceania soared to X kg, with an increase of 798% on the previous year. In general, exports continue to indicate a significant increase. The volume of export peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, exports of articles of goldsmiths’ or silversmiths’ wares of precious metals other than silver surged to $X in 2022. Overall, exports recorded a significant expansion. Over the period under review, the exports of attained the maximum at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

New Zealand prevails in silver structure, accounting for X kg, which was approx. 94% of total exports in 2022. Australia (X kg) and New Caledonia (X kg) followed a long way behind the leaders.

New Zealand was also the fastest-growing in terms of the articles of goldsmiths’ or silversmiths’ wares of precious metals other than silver exports, with a CAGR of +34.5% from 2012 to 2022. New Caledonia experienced a relatively flat trend pattern. Australia (-7.7%) illustrated a downward trend over the same period. From 2012 to 2022, the share of New Zealand and New Caledonia increased by +64 and +1.6 percentage points, respectively.

In value terms, New Zealand ($X) emerged as the largest non-silver precious metal goldsmiths ware articles supplier in Australia and Oceania, comprising 95% of total exports. The second position in the ranking was held by Australia ($X), with a 4.6% share of total exports.

From 2012 to 2022, the average annual growth rate of value in New Zealand stood at +64.2%. In the other countries, the average annual rates were as follows: Australia (-3.5% per year) and New Caledonia (-9.5% per year).

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per kg, increasing by 13% against the previous year. Over the period under review, the export price enjoyed a resilient increase. The pace of growth appeared the most rapid in 2015 an increase of 66% against the previous year. The level of export peaked at $X per kg in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Australia ($X per kg), while New Caledonia ($X per kg) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+22.1%).

Imports of Articles of Goldsmiths’ or Silversmiths’ Wares of Precious Metals other than Silver

Imports in Australia and Oceania

In 2022, supplies from abroad of articles of goldsmiths’ or silversmiths’ wares of precious metals other than silver was finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. In general, imports continue to indicate prominent growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of articles of goldsmiths’ or silversmiths’ wares of precious metals other than silver skyrocketed to $X in 2022. Overall, imports showed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, New Zealand (X tons) was the main importer of articles of goldsmiths’ or silversmiths’ wares of precious metals other than silver, comprising 79% of total imports. It was distantly followed by Australia (X kg), making up an 18% share of total imports. Palau (X kg) followed a long way behind the leaders.

New Zealand was also the fastest-growing in terms of the articles of goldsmiths’ or silversmiths’ wares of precious metals other than silver imports, with a CAGR of +51.3% from 2012 to 2022. At the same time, Palau (+11.3%) displayed positive paces of growth. By contrast, Australia (-3.3%) illustrated a downward trend over the same period. While the share of New Zealand (+75 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Australia (-69.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, New Zealand ($X) constitutes the largest market for imported articles of goldsmiths’ or silversmiths’ wares of precious metals other than silver in Australia and Oceania, comprising 93% of total imports. The second position in the ranking was held by Australia ($X), with a 7.2% share of total imports.

From 2012 to 2022, the average annual growth rate of value in New Zealand stood at +96.0%. The remaining importing countries recorded the following average annual rates of imports growth: Australia (+20.5% per year) and Palau (+5.0% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per kg in 2022, jumping by 99% against the previous year. Over the period under review, the import price posted a significant increase. The growth pace was the most rapid in 2019 an increase of 412% against the previous year. As a result, import price reached the peak level of $X per kg. From 2020 to 2022, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was New Zealand ($X per kg), while Palau ($X per kg) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+29.6%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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