EU: Silversmiths Ware Market 2022

Production By Country in the EU

The country with the largest volume of silversmiths ware production was Italy (X tons), accounting for X% of total volume.

In Italy, silversmiths ware production expanded at an average annual rate of +X% over the period from 2012-2021.

Silversmiths Ware Exports

Exports in the EU

In 2021, shipments abroad of articles of goldsmiths’ or silversmiths’ wares of silver was finally on the rise to reach X tons after two years of decline. In general, exports, however, showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of X% year-to-year. 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 surged to $X in 2021. Overall, exports, however, saw a pronounced reduction. The level of export peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, Italy (X tons) was the major exporter of articles of goldsmiths’ or silversmiths’ wares of silver, making up X% of total exports. It was distantly followed by France (X tons), Germany (X tons), Denmark (X tons) and Poland (X tons), together creating a X% share of total exports. Spain (X tons) and Portugal (X tons) followed a long way behind the leaders.

Exports from Italy decreased at an average annual rate of -X% from 2012 to 2021. At the same time, Poland (+X%) and Denmark (+X%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +X% from 2012-2021. By contrast, Germany (-X%), France (-X%), Portugal (-X%) and Spain (-X%) illustrated a downward trend over the same period. Italy (+X p.p.), Germany (+X p.p.), Poland (+X p.p.), Denmark (+X p.p.) and France (+X p.p.) significantly strengthened its position in terms of the total exports, while Spain saw its share reduced by -X% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Italy ($X) remains the largest silversmiths ware supplier in the European Union, comprising X% of total exports. The second position in the ranking was occupied by Germany ($X), with an X% share of total exports. It was followed by France, with a X% share.

In Italy, silversmiths ware exports shrank by an average annual rate of -X% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (-X% per year) and France (-X% per year).

Export Prices by Country

In 2021, the silversmiths ware export price in the European Union amounted to $X per ton, jumping by X% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2013 an increase of X% year-to-year. Over the period under review, the export prices hit record highs in 2021 and is likely to see steady growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+X%), while the other leaders experienced mixed trends in the export price figures.

Silversmiths Ware Imports

Imports in the EU

In 2021, supplies from abroad of articles of goldsmiths’ or silversmiths’ wares of silver was finally on the rise to reach X tons after six years of decline. In general, imports, however, recorded a noticeable decrease. Over the period under review, imports attained the peak figure at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, silversmiths ware imports surged to $X in 2021. Overall, imports, however, posted a noticeable expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Cyprus (X tons), distantly followed by Sweden (X tons), France (X tons), Germany (X tons) and Spain (X tons) were the largest importers of articles of goldsmiths’ or silversmiths’ wares of silver, together achieving X% of total imports. Italy (X tons) and Belgium (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were in Sweden (+X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X) constitutes the largest market for imported articles of goldsmiths’ or silversmiths’ wares of silver in the European Union, comprising X% of total imports. The second position in the ranking was occupied by Germany ($X), with a X% share of total imports. It was followed by Italy, with a X% share.

In Sweden, silversmiths ware imports increased at an average annual rate of +X% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Germany (-X% per year) and Italy (+X% per year).

Import Prices by Country

The silversmiths ware import price in the European Union stood at $X per ton in 2021, shrinking by -X% against the previous year. Overall, the import price, however, recorded strong growth. The growth pace was the most rapid in 2017 an increase of X% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2020, and then shrank notably in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Germany ($X per ton), while Cyprus ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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