Australia and Oceania: Market for Articles of Goldsmiths’ Wares of Base Metal Clad with Precious Metal 2024

Market Size for Articles of Goldsmiths’ Wares of Base Metal Clad with Precious Metal in Australia and Oceania

In 2022, the market for articles of goldsmiths’ wares of base metal clad with precious metal in Australia and Oceania was finally on the rise to reach $X after four years of decline. Overall, consumption, however, recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Production of Articles of Goldsmiths’ Wares of Base Metal Clad with Precious Metal in Australia and Oceania

In value terms, production of articles of goldsmiths’ wares of base metal clad with precious metal dropped to $X in 2022 estimated in export price. The total production indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by +0.5% against 2020 indices. The most prominent rate of growth was recorded in 2014 with an increase of 63% against the previous year. Over the period under review, production of attained the peak level at $X in 2019; afterwards, it flattened through to 2022.

Exports of Articles of Goldsmiths’ Wares of Base Metal Clad with Precious Metal

Exports in Australia and Oceania

In 2022, overseas shipments of articles of goldsmiths’ wares of base metal clad with precious metal increased by 534% to X tons, rising for the second consecutive year after four years of decline. Overall, exports showed a noticeable expansion. The growth pace was the most rapid in 2016 with an increase of 820%. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of articles of goldsmiths’ wares of base metal clad with precious metal soared to $X in 2022. Over the period under review, exports showed a resilient expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Australia prevails in metal structure, reaching X tons, which was approx. 96% of total exports in 2022. New Zealand (X kg) held a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to precious metal-clad goldsmiths ware articles of base metals exports from Australia stood at +1.8%. At the same time, New Zealand (+10.4%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +10.4% from 2012-2022. New Zealand (+2 p.p.) significantly strengthened its position in terms of the total exports, while Australia saw its share reduced by -1.8% from 2012 to 2022, respectively.

In value terms, Australia ($X) remains the largest precious metal-clad goldsmiths ware articles of base metals supplier in Australia and Oceania, comprising 94% of total exports. The second position in the ranking was taken by New Zealand ($X), with a 6.2% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Australia totaled +17.4%.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per ton, increasing by 19% against the previous year. Over the period under review, the export price saw resilient growth. The most prominent rate of growth was recorded in 2014 when the export price increased by 410% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while Australia stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+15.3%).

Imports of Articles of Goldsmiths’ Wares of Base Metal Clad with Precious Metal

Imports in Australia and Oceania

After seven years of decline, purchases abroad of articles of goldsmiths’ wares of base metal clad with precious metal increased by 135% to X tons in 2022. In general, imports, however, showed a abrupt descent. The growth pace was the most rapid in 2014 with an increase of 153% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of articles of goldsmiths’ wares of base metal clad with precious metal skyrocketed to $X in 2022. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 109%. Over the period under review, imports of attained the peak figure at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

Australia dominates metal structure, reaching X tons, which was approx. 96% of total imports in 2022. The following importers - Tonga (X kg) and New Zealand (X kg) - each finished at a 3.4% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to precious metal-clad goldsmiths ware articles of base metals imports into Australia stood at -13.6%. At the same time, Tonga (+11.8%) displayed positive paces of growth. Moreover, Tonga emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +11.8% from 2012-2022. By contrast, New Zealand (-15.4%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Tonga increased by +1.6 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported articles of goldsmiths’ wares of base metal clad with precious metal in Australia and Oceania, comprising 90% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 7.4% share of total imports.

In Australia, imports of articles of goldsmiths’ wares of base metal clad with precious metal remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: New Zealand (-4.5% per year) and Tonga (+7.4% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2022, reducing by -22.1% against the previous year. Overall, the import price, however, continues to indicate a strong increase. The growth pace was the most rapid in 2018 an increase of 46%. Over the period under review, import prices reached the peak figure at $X per ton in 2021, and then fell dramatically in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was New Zealand ($X per ton), while Tonga ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+16.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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