Eastern Europe: 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 Eastern Europe

The East European market for articles of goldsmiths’ wares of base metal clad with precious metal rose remarkably to $X in 2022, picking up by 9.8% against the previous year. Over the period under review, consumption, however, showed a moderate increase. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

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

In value terms, production of articles of goldsmiths’ wares of base metal clad with precious metal rose modestly to $X in 2022 estimated in export price. The total production indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -1.5% against 2020 indices. The pace of growth appeared the most rapid in 2017 when the production volume increased by 26%. Over the period under review, production of reached the maximum level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

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

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2022, growing by 33% against the previous year. Over the period under review, the export price, however, recorded a slight shrinkage. The pace of growth appeared the most rapid in 2018 an increase of 100%. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Poland ($X per ton), while the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+14.2%), while the other leaders experienced more modest paces of growth.

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

Imports in Eastern Europe

In 2022, imports of articles of goldsmiths’ wares of base metal clad with precious metal in Eastern Europe soared to X tons, jumping by 197% against the previous year's figure. In general, imports showed prominent growth. The most prominent rate of growth was recorded in 2016 with an increase of 251% against the previous year. As a result, imports reached the peak of X tons. From 2017 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 skyrocketed to $X in 2022. Overall, imports posted a buoyant expansion. The pace of growth appeared the most rapid in 2015 with an increase of 1,656%. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports of remained at a lower figure.

Imports by Country

Poland prevails in metal structure, amounting to X tons, which was near 84% of total imports in 2022. Bulgaria (X tons) held the second position in the ranking, followed by Russia (X tons). All these countries together took approx. 10% share of total imports. The following importers - Ukraine (X tons) and the Czech Republic (X tons) - together made up 4.9% 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 Poland stood at +14.1%. At the same time, Bulgaria (+27.6%), the Czech Republic (+4.6%) and Ukraine (+1.3%) displayed positive paces of growth. Moreover, Bulgaria emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of +27.6% from 2012-2022. By contrast, Russia (-14.8%) illustrated a downward trend over the same period. While the share of Poland (+43 p.p.) and Bulgaria (+4.4 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Ukraine (-2 p.p.) and Russia (-39.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Poland ($X) constitutes the largest market for imported articles of goldsmiths’ wares of base metal clad with precious metal in Eastern Europe, comprising 88% of total imports. The second position in the ranking was taken by Bulgaria ($X), with a 3.7% share of total imports. It was followed by Ukraine, with a 3.2% share.

From 2012 to 2022, the average annual growth rate of value in Poland amounted to +39.2%. The remaining importing countries recorded the following average annual rates of imports growth: Bulgaria (+18.8% per year) and Ukraine (+3.5% per year).

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2022, shrinking by -26.8% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the import price increased by 1,234%. As a result, import price reached the peak level of $X per ton. From 2016 to 2022, the import prices remained 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 Poland ($X per ton), while the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+22.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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