CIS: 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 CIS

The CIS market for articles of goldsmiths’ wares of base metal clad with precious metal amounted to $X in 2022, surging by 4.2% against the previous year. Over the period under review, consumption, however, continues to indicate a strong expansion. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

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

In value terms, production of articles of goldsmiths’ wares of base metal clad with precious metal expanded remarkably to $X in 2022 estimated in export price. Overall, production, however, showed a resilient expansion. The pace of growth was the most pronounced in 2014 with an increase of 72% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

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

Exports in CIS

In 2022, after three years of growth, there was significant decline in overseas shipments of articles of goldsmiths’ wares of base metal clad with precious metal, when their volume decreased by -27.4% to X tons. In general, exports, however, showed a resilient increase. The most prominent rate of growth was recorded in 2016 when exports increased by 547%. The volume of export peaked at X tons in 2021, and then fell remarkably in the following year.

In value terms, exports of articles of goldsmiths’ wares of base metal clad with precious metal reduced notably to $X in 2022. Over the period under review, exports, however, recorded buoyant growth. The pace of growth was the most pronounced in 2020 when exports increased by 880% against the previous year. Over the period under review, the exports of attained the maximum at $X in 2021, and then declined remarkably in the following year.

Exports by Country

In 2022, Russia (X tons) represented the major exporter of articles of goldsmiths’ wares of base metal clad with precious metal in the CIS, creating 99% of total export.

Russia was also the fastest-growing in terms of the articles of goldsmiths’ wares of base metal clad with precious metal exports, with a CAGR of +30.4% from 2012 to 2022. Russia (+72 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) also remains the largest precious metal-clad goldsmiths ware articles of base metals supplier in the CIS.

From 2012 to 2022, the average annual rate of growth in terms of value in Russia totaled +35.9%.

Export Prices by Country

The export price in the CIS stood at $X per ton in 2022, picking up by 3.7% against the previous year. In general, the export price, however, showed a pronounced reduction. The pace of growth was the most pronounced in 2014 an increase of 266%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Russia.

From 2012 to 2022, the rate of growth in terms of prices for Russia amounted to +4.2% per year.

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

Imports in CIS

Imports of articles of goldsmiths’ wares of base metal clad with precious metal reduced sharply to X tons in 2022, dropping by -19.9% on the previous year. Over the period under review, imports, however, continue to indicate a pronounced increase. The pace of growth appeared the most rapid in 2019 when imports increased by 827%. As a result, imports reached the peak of X tons. From 2020 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 fell remarkably to $X in 2022. In general, imports showed a pronounced decrease. The pace of growth appeared the most rapid in 2021 when imports increased by 63%. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Tajikistan prevails in metal structure, recording X tons, which was near 87% of total imports in 2022. It was distantly followed by Kazakhstan (X tons), generating a 7.1% share of total imports. Russia (X tons) took a little 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 Tajikistan stood at +8.0%. At the same time, Kazakhstan (+23.8%) displayed positive paces of growth. Moreover, Kazakhstan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +23.8% from 2012-2022. By contrast, Russia (-14.8%) illustrated a downward trend over the same period. Tajikistan (+27 p.p.) and Kazakhstan (+5.8 p.p.) significantly strengthened its position in terms of the total imports, while Russia saw its share reduced by -28.3% from 2012 to 2022, respectively.

In value terms, Kazakhstan ($X) constitutes the largest market for imported articles of goldsmiths’ wares of base metal clad with precious metal in the CIS, comprising 52% of total imports. The second position in the ranking was held by Russia ($X), with a 21% share of total imports.

In Kazakhstan, imports of articles of goldsmiths’ wares of base metal clad with precious metal increased at an average annual rate of +13.8% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Russia (-16.6% per year) and Tajikistan (-1.8% per year).

Import Prices by Country

In 2022, the import price in the CIS amounted to $X per ton, remaining stable against the previous year. Overall, the import price continues to indicate a deep contraction. The pace of growth was the most pronounced in 2020 when the import price increased by 942%. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Kazakhstan ($X per ton), while Tajikistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (-2.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :