Brazil: Market for Articles of Goldsmiths’ or Silversmiths’ Wares of Precious Metals other than Silver 2025

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

The Brazilian market for articles of goldsmiths’ or silversmiths’ wares of precious metals other than silver declined sharply to $X in 2022, dropping by -30.7% against the previous year. In general, consumption continues to indicate a pronounced setback. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Articles of Goldsmiths’ or Silversmiths’ Wares of Precious Metals other than Silver in Brazil

In value terms, production of articles of goldsmiths’ or silversmiths’ wares of precious metals other than silver contracted modestly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of 19%. Production of peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

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

Exports from Brazil

Exports of articles of goldsmiths’ or silversmiths’ wares of precious metals other than silver from Brazil skyrocketed to X kg in 2022, picking up by 145% on the year before. Over the period under review, exports enjoyed prominent growth. The growth pace was the most rapid in 2014 when exports increased by 2,029%. As a result, the exports reached the peak of X kg. From 2015 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of articles of goldsmiths’ or silversmiths’ wares of precious metals other than silver soared to $X in 2022. In general, exports recorded a remarkable increase. The most prominent rate of growth was recorded in 2014 when exports increased by 2,779% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.

Exports by Country

The United States (X kg) was the main destination for exports of articles of goldsmiths’ or silversmiths’ wares of precious metals other than silver from Brazil, with a 76% share of total exports. Moreover, exports of articles of goldsmiths’ or silversmiths’ wares of precious metals other than silver to the United States exceeded the volume sent to the second major destination, Portugal (X kg), threefold.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to +29.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (+35.1% per year) and Spain (-17.7% per year).

In value terms, the United States ($X) remains the key foreign market for articles of goldsmiths’ or silversmiths’ wares of precious metals other than silver exports from Brazil, comprising 75% of total exports. The second position in the ranking was held by Portugal ($X), with a 24% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United States stood at +19.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (+29.5% per year) and Spain (-29.2% per year).

Export Prices by Country

The average export price for articles of goldsmiths’ or silversmiths’ wares of precious metals other than silver stood at $X per ton in 2022, shrinking by -5% against the previous year. Over the period under review, the export price showed a pronounced descent. The most prominent rate of growth was recorded in 2019 when the average export price increased by 58% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Portugal ($X per ton), while the average price for exports to Spain ($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 Portugal (-4.1%), while the prices for the other major destinations experienced a decline.

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

Imports into Brazil

In 2021, approx. X kg of articles of goldsmiths’ or silversmiths’ wares of precious metals other than silver were imported into Brazil; dropping by -7.1% on the previous year. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 21% against the previous year. As a result, imports reached the peak of X kg. From 2015 to 2021, the growth of imports of failed to regain momentum.

In value terms, imports of articles of goldsmiths’ or silversmiths’ wares of precious metals other than silver skyrocketed to $X in 2021. Over the period under review, imports, however, saw prominent growth. The most prominent rate of growth was recorded in 2017 with an increase of 2,089%. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports of failed to regain momentum.

Imports by Country

Indonesia (X kg), Poland (X kg) and Portugal (X kg) were the main suppliers of imports of articles of goldsmiths’ or silversmiths’ wares of precious metals other than silver to Brazil, with a combined 23% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Indonesia (with a CAGR of 0.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Portugal ($X), the United States ($X) and the UK ($X) appeared to be the largest non-silver precious metal goldsmiths ware articles suppliers to Brazil, together accounting for 81% of total imports.

The United States, with a CAGR of +149.3%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for articles of goldsmiths’ or silversmiths’ wares of precious metals other than silver amounted to $X per kg, with an increase of 35% against the previous year. Overall, the import price posted a resilient increase. The pace of growth was the most pronounced in 2017 when the average import price increased by 1,777%. As a result, import price attained the peak level of $X per kg. From 2018 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+149.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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