Austria: 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 Austria

The Austrian market for articles of goldsmiths’ wares of base metal clad with precious metal contracted sharply to $X in 2022, shrinking by -21.8% against the previous year. Over the period under review, consumption saw a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Production of Articles of Goldsmiths’ Wares of Base Metal Clad with Precious Metal in Austria

In value terms, production of articles of goldsmiths’ wares of base metal clad with precious metal contracted to $X in 2022 estimated in export price. In general, the total production indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +1.4% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by 28%. As a result, production attained the peak level of $X. From 2019 to 2022, production of growth failed to regain momentum.

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

Exports by Country

Norway (X tons), Israel (X tons) and Thailand (X kg) were the main destinations of exports of articles of goldsmiths’ wares of base metal clad with precious metal from Austria, with a combined 94% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Norway (with a CAGR of +7,577.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Norway ($X), Israel ($X) and Thailand ($X) were the largest markets for precious metal-clad goldsmiths ware articles of base metals exported from Austria worldwide, with a combined 67% share of total exports.

Norway, with a CAGR of +646.8%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for articles of goldsmiths’ wares of base metal clad with precious metal amounted to $X per ton, reducing by -79.5% against the previous year. Over the period under review, the export price saw a pronounced curtailment. The pace of growth was the most pronounced in 2017 an increase of 738%. As a result, the export price attained the peak level of $X per ton. From 2018 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while the average price for exports to Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (+72.0%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into Austria

Imports of articles of goldsmiths’ wares of base metal clad with precious metal into Austria dropped markedly to X tons in 2022, declining by -73.2% against the previous year's figure. In general, imports showed a deep setback. The most prominent rate of growth was recorded in 2021 when imports increased by 1,282% against the previous year. Over the period under review, imports of attained the maximum at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, imports of articles of goldsmiths’ wares of base metal clad with precious metal shrank rapidly to $X in 2022. Overall, imports saw a deep slump. The pace of growth appeared the most rapid in 2021 when imports increased by 1,160%. Imports peaked at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

Lebanon (X kg), the UK (X kg) and Germany (X kg) were the main suppliers of imports of articles of goldsmiths’ wares of base metal clad with precious metal to Austria, with a combined 59% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Lebanon (with a CAGR of +1,733.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Lebanon ($X) constituted the largest supplier of articles of goldsmiths’ wares of base metal clad with precious metal to Austria, comprising 36% of total imports. The second position in the ranking was taken by the United States ($X), with a 13% share of total imports. It was followed by Germany, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from Lebanon totaled +2,481.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+22.3% per year) and Germany (-24.3% per year).

Import Prices by Country

The average import price for articles of goldsmiths’ wares of base metal clad with precious metal stood at $X per ton in 2022, stabilizing at the previous year. In general, the import price saw a perceptible decline. The pace of growth was the most pronounced in 2013 an increase of 36% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lebanon (+40.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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