Benelux: 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 Benelux

The Benelux market for articles of goldsmiths’ wares of base metal clad with precious metal dropped dramatically to $X in 2022, waning by -82.9% against the previous year. In general, consumption, however, posted strong growth. As a result, consumption attained the peak level of $X, and then fell sharply in the following year.

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

In value terms, production of articles of goldsmiths’ wares of base metal clad with precious metal shrank to $X in 2022 estimated in export price. In general, production, however, showed a remarkable increase. The pace of growth was the most pronounced in 2017 with an increase of 112% against the previous year. Over the period under review, production of attained the maximum 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 in Benelux

Exports of articles of goldsmiths’ wares of base metal clad with precious metal amounted to X tons in 2022, surging by 6.1% against the previous year's figure. Over the period under review, exports, however, continue to indicate a abrupt descent. The pace of growth was the most pronounced in 2019 with an increase of 1,112%. Over the period under review, the exports of attained the peak figure at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, exports of articles of goldsmiths’ wares of base metal clad with precious metal declined remarkably to $X in 2022. Overall, exports, however, showed a perceptible decrease. The pace of growth appeared the most rapid in 2019 when exports increased by 644% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports of failed to regain momentum.

Export Prices by Country

In 2022, the export price in Benelux amounted to $X per ton, dropping by -30.4% against the previous year. Over the period under review, the export price, however, enjoyed a strong increase. The pace of growth was the most pronounced in 2016 when the export price increased by 405% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2017; however, from 2018 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 Luxembourg ($X per ton), while the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+13.9%), while the other leaders experienced mixed trends in the export price figures.

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

Imports in Benelux

In 2022, approx. X tons of articles of goldsmiths’ wares of base metal clad with precious metal were imported in Benelux; waning by -34.8% on the previous year. In general, imports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2021 with an increase of 213% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of articles of goldsmiths’ wares of base metal clad with precious metal dropped remarkably to $X in 2022. Overall, imports saw a noticeable descent. The pace of growth appeared the most rapid in 2018 with an increase of 242%. Over the period under review, imports of reached the maximum at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the Netherlands (X tons) represented the major importer of articles of goldsmiths’ wares of base metal clad with precious metal, mixing up 77% of total imports. It was distantly followed by Belgium (X tons), committing a 19% share of total imports. Luxembourg (X kg) took a minor share of total imports.

Imports into the Netherlands increased at an average annual rate of +6.1% from 2012 to 2022. At the same time, Luxembourg (+6.5%) displayed positive paces of growth. Moreover, Luxembourg emerged as the fastest-growing importer imported in Benelux, with a CAGR of +6.5% from 2012-2022. By contrast, Belgium (-19.2%) illustrated a downward trend over the same period. While the share of the Netherlands (+56 p.p.) and Luxembourg (+3.1 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Belgium (-59.1 p.p.) displayed negative dynamics.

In value terms, the Netherlands ($X) constitutes the largest market for imported articles of goldsmiths’ wares of base metal clad with precious metal in Benelux, comprising 63% of total imports. The second position in the ranking was held by Belgium ($X), with a 23% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in the Netherlands totaled +21.4%. The remaining importing countries recorded the following average annual rates of imports growth: Belgium (-15.8% per year) and Luxembourg (+10.4% per year).

Import Prices by Country

In 2022, the import price in Benelux amounted to $X per ton, rising by 10% against the previous year. Over the period under review, the import price continues to indicate a noticeable increase. The growth pace was the most rapid in 2013 an increase of 54% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+14.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform