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 Europe

The Europe market for articles of goldsmiths’ wares of base metal clad with precious metal contracted significantly to $X in 2022, waning by -24.5% against the previous year. In general, consumption, however, saw a relatively flat trend pattern. The level of consumption peaked at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

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

In value terms, production of articles of goldsmiths’ wares of base metal clad with precious metal declined dramatically to $X in 2022 estimated in export price. The total production indicated a modest expansion from 2012 to 2022: its value increased at an average annual rate of +1.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +44.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the production volume increased by 89% against the previous year. Over the period under review, production of attained the maximum level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

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

Exports in Europe

In 2022, shipments abroad of articles of goldsmiths’ wares of base metal clad with precious metal increased by 28% to X tons, rising for the second year in a row after three years of decline. Over the period under review, exports, however, saw a mild curtailment. The growth pace was the most rapid in 2015 with an increase of 35%. The volume of export peaked at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, exports of articles of goldsmiths’ wares of base metal clad with precious metal dropped rapidly to $X in 2022. Overall, exports, however, continue to indicate a noticeable contraction. The pace of growth appeared the most rapid in 2018 with an increase of 17% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports of failed to regain momentum.

Export Prices by Country

In 2022, the export price in Europe amounted to $X per ton, declining by -35.3% against the previous year. Over the period under review, the export price recorded a noticeable curtailment. The growth pace was the most rapid in 2018 when the export price increased by 55% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2021, and then dropped remarkably in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+10.0%), while the other leaders experienced a decline in the export price figures.

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

Imports in Europe

In 2022, supplies from abroad of articles of goldsmiths’ wares of base metal clad with precious metal increased by 74% to X tons, rising for the second consecutive year after three years of decline. Total imports indicated a modest increase from 2012 to 2022: its volume increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +100.2% against 2020 indices. Over the period under review, imports of reached the peak figure at X tons in 2017; however, from 2018 to 2022, imports 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, however, saw a perceptible descent. The most prominent rate of growth was recorded in 2015 when imports increased by 124% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports of remained at a somewhat lower figure.

Imports by Country

The purchases of the four major importers of articles of goldsmiths’ wares of base metal clad with precious metal, namely France, Spain, the UK and Poland, represented more than two-thirds of total import. It was distantly followed by Germany (X tons) and Bosnia and Herzegovina (X tons), together committing a 12% share of total imports. Italy (X tons) took a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Spain (with a CAGR of +30.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest precious metal-clad goldsmiths ware articles of base metals importing markets in Europe were Poland ($X), the UK ($X) and Germany ($X), together comprising 42% of total imports.

Poland, with a CAGR of +39.2%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Europe stood at $X per ton in 2022, declining by -23.5% against the previous year. Over the period under review, the import price saw a noticeable downturn. The most prominent rate of growth was recorded in 2015 when the import price increased by 139% against the previous year. As a result, import price reached the peak level of $X per ton. From 2016 to 2022, the import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Italy ($X per ton), while Bosnia and Herzegovina ($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 more modest paces of growth.

Source: IndexBox Platform