Iran: 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 Iran

The Iranian market for articles of goldsmiths’ wares of base metal clad with precious metal reduced to $X in 2022, approximately mirroring the previous year. Over the period under review, consumption, however, enjoyed buoyant growth. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

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

In value terms, production of articles of goldsmiths’ wares of base metal clad with precious metal dropped slightly to $X in 2022 estimated in export price. In general, production, however, continues to indicate prominent growth. The growth pace was the most rapid in 2017 when the production volume increased by 92%. Production of peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

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

Exports by Country

Canada (X kg) was the main destination for exports of articles of goldsmiths’ wares of base metal clad with precious metal from Iran, with a 61% share of total exports. Moreover, exports of articles of goldsmiths’ wares of base metal clad with precious metal to Canada exceeded the volume sent to the second major destination, Sweden (X kg), threefold.

From 2012 to 2022, the average annual growth rate of volume to Canada was relatively modest.

In value terms, Canada ($X) emerged as the key foreign market for articles of goldsmiths’ wares of base metal clad with precious metal exports from Iran, comprising 60% of total exports. The second position in the ranking was held by Sweden ($X), with a 20% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Canada was relatively modest.

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, jumping by 30% against the previous year. Over the period under review, the export price posted a remarkable increase. The pace of growth appeared the most rapid in 2016 an increase of 211%. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to Sweden stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+13.6%).

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

Imports into Iran

In 2022, after five years of growth, there was significant decline in purchases abroad of articles of goldsmiths’ wares of base metal clad with precious metal, when their volume decreased by -7.1% to X kg. Overall, imports, however, continue to indicate a resilient increase. The pace of growth was the most pronounced in 2013 with an increase of 899%. As a result, imports attained the peak of X kg. From 2014 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of articles of goldsmiths’ wares of base metal clad with precious metal reduced to $X in 2022. In general, imports, however, showed buoyant growth. The growth pace was the most rapid in 2013 with an increase of 1,801%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports of failed to regain momentum.

Imports by Country

In 2022, Italy (X kg) constituted the largest precious metal-clad goldsmiths ware articles of base metals supplier to Iran, with a 60% share of total imports. Moreover, imports of articles of goldsmiths’ wares of base metal clad with precious metal from Italy exceeded the figures recorded by the second-largest supplier, France (X kg), threefold. The United Arab Emirates (X kg) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from Italy stood at +12.2%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+38.9% per year) and the United Arab Emirates (+6.7% per year).

In value terms, the largest precious metal-clad goldsmiths ware articles of base metals suppliers to Iran were Italy ($X), France ($X) and the United Arab Emirates ($X), together accounting for 99% of total imports.

In terms of the main suppliers, France, with a CAGR of +38.6%, recorded 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 import price for articles of goldsmiths’ wares of base metal clad with precious metal stood at $X per ton in 2022, flattening at the previous year. Over the period under review, the import price continues to indicate a perceptible increase. The pace of growth was the most pronounced in 2013 when the average import price increased by 90%. The import price peaked at $X per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

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 ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+135.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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