Germany: 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 Germany

In 2022, after five years of growth, there was significant decline in the German market for articles of goldsmiths’ wares of base metal clad with precious metal, when its value decreased by -8.3% to $X. Overall, consumption, however, recorded a noticeable increase. As a result, consumption attained the peak level of $X, and then declined in the following year.

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

In value terms, production of articles of goldsmiths’ wares of base metal clad with precious metal fell to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 21% against the previous year. Over the period under review, production of reached the maximum level at $X in 2021, and then contracted in the following year.

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

Exports from Germany

In 2022, after five years of growth, there was significant decline in shipments abroad of articles of goldsmiths’ wares of base metal clad with precious metal, when their volume decreased by -35.9% to X tons. Over the period under review, exports, however, posted a strong expansion. The pace of growth appeared the most rapid in 2017 with an increase of 77%. The exports peaked at X tons in 2021, and then shrank dramatically in the following year.

In value terms, exports of articles of goldsmiths’ wares of base metal clad with precious metal contracted sharply to $X in 2022. Overall, exports, however, enjoyed a noticeable increase. The most prominent rate of growth was recorded in 2014 when exports increased by 127% against the previous year. Over the period under review, the exports of reached the peak figure at $X in 2021, and then contracted markedly in the following year.

Exports by Country

Poland (X tons) was the main destination for exports of articles of goldsmiths’ wares of base metal clad with precious metal from Germany, with a 68% share of total exports. Moreover, exports of articles of goldsmiths’ wares of base metal clad with precious metal to Poland exceeded the volume sent to the second major destination, Australia (X tons), eightfold. The third position in this ranking was held by the UK (X tons), with a 6.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Poland stood at +91.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+8.8% per year) and the UK (-6.9% per year).

In value terms, Poland ($X) remains the key foreign market for articles of goldsmiths’ wares of base metal clad with precious metal exports from Germany, comprising 47% of total exports. The second position in the ranking was taken by Australia ($X), with a 16% share of total exports. It was followed by the United States, with a 6.2% share.

From 2012 to 2022, the average annual growth rate of value to Poland totaled +83.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+11.5% per year) and the United States (-2.9% per year).

Export Prices by Country

The average export price for articles of goldsmiths’ wares of base metal clad with precious metal stood at $X per ton in 2022, approximately reflecting the previous year. In general, the export price, however, saw a perceptible reduction. The pace of growth was the most pronounced in 2014 an increase of 31%. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to the UK ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+14.6%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into Germany

In 2022, after four years of growth, there was significant decline in overseas purchases of articles of goldsmiths’ wares of base metal clad with precious metal, when their volume decreased by -32.4% to X tons. Overall, imports, however, recorded a measured increase. The pace of growth appeared the most rapid in 2020 when imports increased by 434%. Over the period under review, imports of hit record highs at X tons in 2021, and then contracted significantly in the following year.

In value terms, imports of articles of goldsmiths’ wares of base metal clad with precious metal shrank markedly to $X in 2022. In general, imports, however, posted noticeable growth. The most prominent rate of growth was recorded in 2020 with an increase of 343% against the previous year. Over the period under review, imports of hit record highs at $X in 2021, and then fell notably in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of precious metal-clad goldsmiths ware articles of base metals to Germany, with a 58% share of total imports. Moreover, imports of articles of goldsmiths’ wares of base metal clad with precious metal from China exceeded the figures recorded by the second-largest supplier, Switzerland (X tons), twofold. The third position in this ranking was held by Norway (X tons), with a 3.3% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +12.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (+54.2% per year) and Norway (-5.2% per year).

In value terms, China ($X) constituted the largest supplier of articles of goldsmiths’ wares of base metal clad with precious metal to Germany, comprising 61% of total imports. The second position in the ranking was held by Switzerland ($X), with a 14% share of total imports. It was followed by Norway, with a 4.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +25.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (+52.3% per year) and Norway (-5.3% per year).

Import Prices by Country

In 2022, the average import price for articles of goldsmiths’ wares of base metal clad with precious metal amounted to $X per ton, growing by 11% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 an increase of 74% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+13.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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