Eastern Europe: Silversmiths Ware Market 2022

Production By Country in Eastern Europe

The country with the largest volume of silversmiths ware production was Russia (X tons), accounting for X% of total volume. Moreover, silversmiths ware production in Russia exceeded the figures recorded by the second-largest producer, Poland (X tons), sixfold. Ukraine (X tons) ranked third in terms of total production with a X% share.

In Russia, silversmiths ware production shrank by an average annual rate of -X% over the period from 2012-2021. The remaining producing countries recorded the following average annual rates of production growth: Poland (+X% per year) and Ukraine (-X% per year).

Silversmiths Ware Exports

Exports in Eastern Europe

In 2021, approx. X tons of articles of goldsmiths’ or silversmiths’ wares of silver were exported in Eastern Europe; with an increase of X% compared with the year before. Over the period under review, exports, however, continue to indicate a pronounced curtailment. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, silversmiths ware exports skyrocketed to $X in 2021. In general, exports, however, saw a slight downturn. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Poland (X tons) and Russia (X tons) represented the largest exporters of articles of goldsmiths’ or silversmiths’ wares of silver in 2021, reaching approx. X% and X% of total exports, respectively. Estonia (X tons) ranks next in terms of the total exports with an X% share, followed by the Czech Republic (X%) and Ukraine (X%). Slovakia (X kg) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by the Czech Republic (+X%), while the other leaders experienced more modest paces of growth.

In value terms, Poland ($X) remains the largest silversmiths ware supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was occupied by Russia ($X), with a X% share of total exports. It was followed by Estonia, with a X% share.

In Poland, silversmiths ware exports expanded at an average annual rate of +X% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Russia (-X% per year) and Estonia (-X% per year).

Export Prices by Country

In 2021, the silversmiths ware export price in Eastern Europe amounted to $X per ton, falling by -X% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of X% year-to-year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the the export prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Estonia ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+X%), while the other leaders experienced more modest paces of growth.

Silversmiths Ware Imports

Imports in Eastern Europe

In 2021, purchases abroad of articles of goldsmiths’ or silversmiths’ wares of silver increased by X% to X tons for the first time since 2017, thus ending a three-year declining trend. In general, imports, however, recorded a noticeable setback. Over the period under review, imports reached the maximum at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, silversmiths ware imports skyrocketed to $X in 2021. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2021, the growth imports failed to regain momentum.

Imports by Country

In 2021, Poland (X tons) represented the main importer of articles of goldsmiths’ or silversmiths’ wares of silver, making up X% of total imports. Slovakia (X tons) ranks second in terms of the total imports with a X% share, followed by Russia (X%), Romania (X%) and the Czech Republic (X%). The following importers - Belarus (X kg) and Latvia (X kg) - together made up X% of total imports.

Poland was also the fastest-growing in terms of the articles of goldsmiths’ or silversmiths’ wares of silver imports, with a CAGR of +X% from 2012 to 2021. At the same time, Belarus (+X%), Latvia (+X%), Slovakia (+X%) and the Czech Republic (+X%) displayed positive paces of growth. By contrast, Romania (-X%) and Russia (-X%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Poland, Slovakia, the Czech Republic and Belarus increased by +X, +X, +X and +X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Poland ($X) constitutes the largest market for imported articles of goldsmiths’ or silversmiths’ wares of silver in Eastern Europe, comprising X% of total imports. The second position in the ranking was occupied by the Czech Republic ($X), with a X% share of total imports. It was followed by Russia, with a X% share.

From 2012 to 2021, the average annual growth rate of value in Poland stood at +X%. The remaining importing countries recorded the following average annual rates of imports growth: the Czech Republic (+X% per year) and Russia (-X% per year).

Import Prices by Country

In 2021, the silversmiths ware import price in Eastern Europe amounted to $X per ton, increasing by X% against the previous year. Import price indicated a notable increase from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, silversmiths ware import price decreased by -X% against 2019 indices. The pace of growth appeared the most rapid in 2018 when the import price increased by X% y-o-y. The level of import peaked at $X per ton in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was the Czech Republic ($X per ton), while Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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