Netherlands: 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 the Netherlands

In 2022, after four years of growth, there was significant decline in the Dutch market for articles of goldsmiths’ or silversmiths’ wares of precious metals other than silver, when its value decreased by -64.9% to $X. In general, consumption showed a pronounced slump. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

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

Exports from the Netherlands

In 2022, exports of articles of goldsmiths’ or silversmiths’ wares of precious metals other than silver from the Netherlands surged to X kg, rising by 127% compared with 2021. Overall, exports continue to indicate buoyant growth. The growth pace was the most rapid in 2018 with an increase of 344% against the previous year. Over the period under review, the exports of reached the maximum at X kg 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 surged to $X in 2022. In general, exports saw moderate growth. The most prominent rate of growth was recorded in 2018 when exports increased by 196% against the previous year. Over the period under review, the exports of hit record highs at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Belgium (X kg) was the main destination for exports of articles of goldsmiths’ or silversmiths’ wares of precious metals other than silver from the Netherlands, with a 55% share of total exports. Moreover, exports of articles of goldsmiths’ or silversmiths’ wares of precious metals other than silver to Belgium exceeded the volume sent to the second major destination, Germany (X kg), threefold. Lithuania (X kg) ranked third in terms of total exports with a 6.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Belgium amounted to +19.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+57.5% per year) and Lithuania (+61.8% per year).

In value terms, Belgium ($X) remains the key foreign market for articles of goldsmiths’ or silversmiths’ wares of precious metals other than silver exports from the Netherlands, comprising 81% of total exports. The second position in the ranking was taken by Germany ($X), with a 7.4% share of total exports. It was followed by Denmark, with a 1% share.

From 2012 to 2022, the average annual growth rate of value to Belgium stood at +18.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+49.3% per year) and Denmark (+41.5% per year).

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, with a decrease of -44.5% against the previous year. Over the period under review, the export price recorded a noticeable reduction. The growth pace was the most rapid in 2019 when the average export price increased by 85% against the previous year. Over the period under review, the average export prices reached the maximum at $X per kg in 2021, and then reduced sharply in the following year.

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 ($X per kg), while the average price for exports to Romania ($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 Lithuania (+10.1%), 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 the Netherlands

In 2022, supplies from abroad of articles of goldsmiths’ or silversmiths’ wares of precious metals other than silver decreased by -40.3% to X tons for the first time since 2017, thus ending a four-year rising trend. Over the period under review, imports, however, recorded a moderate increase. The growth pace was the most rapid in 2015 with an increase of 756%. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of articles of goldsmiths’ or silversmiths’ wares of precious metals other than silver contracted rapidly to $X in 2022. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when imports increased by 737%. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports of failed to regain momentum.

Imports by Country

In 2022, Indonesia (X kg) constituted the largest supplier of non-silver precious metal goldsmiths ware articles to the Netherlands, accounting for a 34% share of total imports. Moreover, imports of articles of goldsmiths’ or silversmiths’ wares of precious metals other than silver from Indonesia exceeded the figures recorded by the second-largest supplier, Germany (X kg), threefold. Thailand (X kg) ranked third in terms of total imports with a 6.6% share.

From 2012 to 2022, the average annual growth rate of volume from Indonesia amounted to +42.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-3.2% per year) and Thailand (+8.7% per year).

In value terms, Indonesia ($X), Germany ($X) and Israel ($X) constituted the largest non-silver precious metal goldsmiths ware articles suppliers to the Netherlands, with a combined 54% share of total imports.

Among the main suppliers, Indonesia, with a CAGR of +50.5%, 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

In 2022, the average import price for articles of goldsmiths’ or silversmiths’ wares of precious metals other than silver amounted to $X per kg, declining by -11.2% against the previous year. Over the period under review, the import price showed a noticeable shrinkage. The most prominent rate of growth was recorded in 2016 an increase of 31%. As a result, import price attained the peak level of $X per kg. From 2017 to 2022, the average import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (+16.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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