Hungary - Articles of Goldsmiths’ or Silversmiths’ Wares of Silver - Market Analysis, Forecast, Size, Trends and Insights
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View PricingHungary: Silversmiths Ware Market 2022
Silversmiths Ware Exports
Exports from Hungary
In 2021, overseas shipments of articles of goldsmiths’ or silversmiths’ wares of silver decreased by -X% to X kg, falling for the fourth consecutive year after two years of growth. In general, exports continue to indicate a precipitous descent. The pace of growth appeared the most rapid in 2016 when exports increased by X% y-o-y. Over the period under review, the exports attained the maximum at X kg in 2017; however, from 2018 to 2021, the exports remained at a lower figure.
In value terms, silversmiths ware exports reduced remarkably to $X in 2021. Overall, exports recorded a dramatic downturn. The most prominent rate of growth was recorded in 2016 when exports increased by X% y-o-y. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.
Exports by Country
Israel (X kg), Japan (X kg) and Liechtenstein (X kg) were the main destinations of silversmiths ware exports from Hungary, with a combined X% share of total exports. Moreover, silversmiths ware exports in Israel exceeded the figures recorded by the second-largest exporter, Japan, twofold.
From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Japan (X%), while the other leaders experienced more modest paces of growth.
In value terms, Liechtenstein ($X), Israel ($X) and Japan ($X) were the largest markets for silversmiths ware exported from Hungary worldwide, with a combined X% share of total exports. These countries were followed by the UK, which accounted for a further X UK, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.
Export Prices by Country
In 2021, the average silversmiths ware export price amounted to $X per ton, falling by -X% against the previous year. Overall, the export price showed a noticeable slump. The pace of growth appeared the most rapid in 2017 an increase of X% year-to-year. Over the period under review, the average export prices attained the maximum at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Liechtenstein ($X per ton), while the average price for exports to the UK ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the UK (X%), while the prices for the other major destinations experienced mixed trend patterns.
Silversmiths Ware Imports
Imports into Hungary
In 2021, overseas purchases of articles of goldsmiths’ or silversmiths’ wares of silver increased by X% to X kg for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports, however, recorded a sharp curtailment. Over the period under review, imports attained the peak figure at X kg in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.
In value terms, silversmiths ware imports skyrocketed to $X in 2021. In general, imports, however, showed a sharp curtailment. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.
Imports by Country
The United States (X kg), the UK (X kg) and Germany (X kg) were the main suppliers of silversmiths ware imports to Hungary, with a combined X% share of total imports. The Netherlands, India, Australia, Russia, Canada and Italy lagged somewhat behind, together accounting for a further X 2012 to 2021, the biggest increases were in the Netherlands (+X%), while purchases for the other leaders experienced more modest paces of growth.
In value terms, the United States ($X), the UK ($X) and Germany ($X) constituted the largest silversmiths ware suppliers to Hungary, with a combined X% share of total imports. These countries were followed by the Netherlands, Canada, India, Australia, Italy and Russia, which together accounted for a further X the main suppliers, the Netherlands, with a CAGR of +X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Import Prices by Country
The average silversmiths ware import price stood at $X per ton in 2021, jumping by X% against the previous year. Overall, the import price, however, showed a deep reduction. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+X%), while the prices for the other major suppliers experienced mixed trend patterns.
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Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the silversmiths ware market in Hungary. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.
Product coverage:
- Prodcom 32121351 - Articles of goldsmiths
Country coverage:
- Hungary
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Hungary
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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