Belgium: 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 Belgium

The Belgian market for articles of goldsmiths’ wares of base metal clad with precious metal reached $X in 2022, flattening at the previous year. Over the period under review, consumption enjoyed a strong increase. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

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

In value terms, production of articles of goldsmiths’ wares of base metal clad with precious metal stood at $X in 2022 estimated in export price. In general, production posted a significant expansion. The pace of growth was the most pronounced in 2014 with an increase of 135% against the previous year. Over the period under review, production of attained the peak level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

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

Exports by Country

Japan (X kg), Norway (X kg) and the United States (X kg) were the main destinations of exports of articles of goldsmiths’ wares of base metal clad with precious metal from Belgium, with a combined 74% share of total exports. The UK, the United Arab Emirates, Spain and Italy lagged somewhat behind, together accounting for a further 22%.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +165.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for precious metal-clad goldsmiths ware articles of base metals exported from Belgium were the United Arab Emirates ($X), Japan ($X) and Norway ($X), with a combined 80% share of total exports.

The United Arab Emirates, with a CAGR of +45.0%, saw the highest rates of growth with regard to the value of exports, in terms of 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, jumping by 43% against the previous year. In general, the export price posted strong growth. The growth pace was the most rapid in 2013 when the average export price increased by 285% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Spain ($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 Italy (+10.5%), 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 Belgium

In 2022, the amount of articles of goldsmiths’ wares of base metal clad with precious metal imported into Belgium dropped remarkably to X tons, which is down by -31.6% on 2021. Overall, imports showed a abrupt contraction. The pace of growth was the most pronounced in 2019 when imports increased by 416%. Over the period under review, imports of hit record highs at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, imports of articles of goldsmiths’ wares of base metal clad with precious metal contracted sharply to $X in 2022. Over the period under review, imports continue to indicate a drastic downturn. The growth pace was the most rapid in 2021 with an increase of 487%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

France (X kg), the Netherlands (X kg) and China (X kg) were the main suppliers of imports of articles of goldsmiths’ wares of base metal clad with precious metal to Belgium, with a combined 80% share of total imports. Germany, the United States and Turkey lagged somewhat behind, together comprising a further 15%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +24.1%), while imports for the other leaders experienced a decline.

In value terms, the largest precious metal-clad goldsmiths ware articles of base metals suppliers to Belgium were China ($X), France ($X) and the Netherlands ($X), together comprising 70% of total imports. The United States, Turkey, Germany and South Africa lagged somewhat behind, together accounting for a further 11%.

In terms of the main suppliers, Turkey, with a CAGR of +22.3%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

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, dropping by -43.1% against the previous year. In general, the import price, however, saw notable growth. The pace of growth appeared the most rapid in 2017 an increase of 149% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2021, and then reduced notably in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+358.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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