Greece: Market for Articles of Goldsmiths’ or Silversmiths’ Wares of Precious Metals other than Silver 2024

Market Size for Articles of Goldsmiths’ or Silversmiths’ Wares of Precious Metals other than Silver in Greece

The Greek market for articles of goldsmiths’ or silversmiths’ wares of precious metals other than silver was estimated at $X in 2022, remaining relatively unchanged against the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Production of Articles of Goldsmiths’ or Silversmiths’ Wares of Precious Metals other than Silver in Greece

In value terms, production of articles of goldsmiths’ or silversmiths’ wares of precious metals other than silver amounted to less than $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern.

Exports of Articles of Goldsmiths’ or Silversmiths’ Wares of Precious Metals other than Silver

Exports from Greece

Exports of articles of goldsmiths’ or silversmiths’ wares of precious metals other than silver from Greece dropped rapidly to X kg in 2022, with a decrease of -87.3% compared with 2021 figures. Overall, exports showed a precipitous curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 181%. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of articles of goldsmiths’ or silversmiths’ wares of precious metals other than silver shrank significantly to $X in 2022. Over the period under review, exports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 178% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X kg) was the main destination for exports of articles of goldsmiths’ or silversmiths’ wares of precious metals other than silver from Greece, with a 71% share of total exports. Moreover, exports of articles of goldsmiths’ or silversmiths’ wares of precious metals other than silver to Germany exceeded the volume sent to the second major destination, the United States (X kg), more than tenfold. The third position in this ranking was taken by the Netherlands (X kg), with a 3.8% share.

From 2012 to 2022, the average annual growth rate of volume to Germany stood at -30.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+25.1% per year) and the Netherlands (+21.9% per year).

In value terms, the largest markets for non-silver precious metal goldsmiths ware articles exported from Greece were Germany ($X), Belgium ($X) and Spain ($X), together accounting for 61% of total exports. Israel, Cyprus, the United States, Italy, the Netherlands and Hong Kong SAR lagged somewhat behind, together comprising a further 18%.

In terms of the main countries of destination, the Netherlands, with a CAGR of +47.1%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for articles of goldsmiths’ or silversmiths’ wares of precious metals other than silver stood at $X per kg in 2022, surging by 6.2% against the previous year. Over the period under review, the export price recorded significant growth. The most prominent rate of growth was recorded in 2015 an increase of 116% against the previous year. The export price peaked in 2022 and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per kg), while the average price for exports to Hong Kong SAR ($X per kg) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Israel (+54.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Articles of Goldsmiths’ or Silversmiths’ Wares of Precious Metals other than Silver

Imports into Greece

Imports of articles of goldsmiths’ or silversmiths’ wares of precious metals other than silver into Greece reduced notably to X kg in 2022, dropping by -62.7% against the previous year. Over the period under review, imports saw a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of 515% against the previous year. Over the period under review, imports of attained the maximum at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, imports of articles of goldsmiths’ or silversmiths’ wares of precious metals other than silver declined markedly to $X in 2022. In general, imports showed a abrupt descent. The most prominent rate of growth was recorded in 2021 when imports increased by 323%. Over the period under review, imports of reached the maximum at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Italy (X kg), the Netherlands (X kg) and the United States (X kg) were the main suppliers of imports of articles of goldsmiths’ or silversmiths’ wares of precious metals other than silver to Greece, with a combined 76% share of total imports. Cyprus, France, Hong Kong SAR, Germany and the UK lagged somewhat behind, together accounting for a further 19%.

From 2012 to 2022, the biggest increases were recorded for Hong Kong SAR (with a CAGR of +500.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) constituted the largest supplier of articles of goldsmiths’ or silversmiths’ wares of precious metals other than silver to Greece, comprising 46% of total imports. The second position in the ranking was held by the Netherlands ($X), with an 18% share of total imports. It was followed by Cyprus, with a 10% share.

From 2012 to 2022, the average annual growth rate of value from Italy totaled -12.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+18.3% per year) and Cyprus (+51.8% per year).

Import Prices by Country

The average import price for articles of goldsmiths’ or silversmiths’ wares of precious metals other than silver stood at $X per kg in 2022, reducing by -18.6% against the previous year. Over the period under review, the import price, however, recorded resilient growth. The pace of growth was the most pronounced in 2016 an increase of 77%. Over the period under review, average import prices reached the peak figure at $X per kg in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per kg), while the price for the United States ($X per kg) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+15.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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