New Zealand: 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 New Zealand

In 2022, the New Zealand market for articles of goldsmiths’ wares of base metal clad with precious metal increased by 0.9% to $X for the first time since 2019, thus ending a two-year declining trend. Overall, the total consumption indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -4.4% against 2019 indices. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

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

In value terms, production of articles of goldsmiths’ wares of base metal clad with precious metal fell modestly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by +0.5% against 2020 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by 63% against the previous year. Production of peaked at $X in 2019; afterwards, it flattened through to 2022.

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

Exports from New Zealand

In 2022, after two years of growth, there was significant decline in overseas shipments of articles of goldsmiths’ wares of base metal clad with precious metal, when their volume decreased by -49.8% to X kg. In general, exports, however, enjoyed a prominent increase. The most prominent rate of growth was recorded in 2021 with an increase of 2,176% against the previous year. As a result, the exports reached the peak of X kg, and then fell significantly in the following year.

In value terms, exports of articles of goldsmiths’ wares of base metal clad with precious metal amounted to $X in 2022. Over the period under review, exports, however, continue to indicate strong growth. The pace of growth appeared the most rapid in 2021 when exports increased by 2,502%. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Hong Kong SAR (X kg) was the main destination for exports of articles of goldsmiths’ wares of base metal clad with precious metal from New Zealand, with a 50% share of total exports. Moreover, exports of articles of goldsmiths’ wares of base metal clad with precious metal to Hong Kong SAR exceeded the volume sent to the second major destination, the United States (X kg), twofold. Australia (X kg) ranked third in terms of total exports with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Hong Kong SAR amounted to +44.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+2.1% per year) and Australia (+0.8% per year).

In value terms, Italy ($X) remains the key foreign market for articles of goldsmiths’ wares of base metal clad with precious metal exports from New Zealand, comprising 58% of total exports. The second position in the ranking was taken by Hong Kong SAR ($X), with a 22% share of total exports. It was followed by the United States, with a 12% share.

From 2012 to 2022, the average annual growth rate of value to Italy stood at -10.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (+52.8% per year) and the United States (-6.8% per year).

Export Prices by Country

In 2022, the average export price for articles of goldsmiths’ wares of base metal clad with precious metal amounted to $X per ton, growing by 109% against the previous year. In general, the export price showed slight growth. The most prominent rate of growth was recorded in 2019 when the average export price increased by 119% 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 foreign markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Hong Kong SAR ($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 Italy (+1,222.0%), 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 New Zealand

In 2022, the amount of articles of goldsmiths’ wares of base metal clad with precious metal imported into New Zealand dropped sharply to X kg, shrinking by -20.9% on 2021 figures. In general, imports showed a abrupt decline. The pace of growth appeared the most rapid in 2018 with an increase of 25% against the previous year. Over the period under review, imports of reached the maximum at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of articles of goldsmiths’ wares of base metal clad with precious metal reached $X in 2022. Over the period under review, imports recorded a noticeable descent. The most prominent rate of growth was recorded in 2018 when imports increased by 31%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X kg), France (X kg) and Australia (X kg) were the main suppliers of imports of articles of goldsmiths’ wares of base metal clad with precious metal to New Zealand, together comprising 92% of total imports. Brazil, Italy, the United States and India lagged somewhat behind, together comprising a further 7.3%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Brazil (with a CAGR of +38.0%), while imports for the other leaders experienced mixed trend patterns.

In value terms, China ($X) constituted the largest supplier of articles of goldsmiths’ wares of base metal clad with precious metal to New Zealand, comprising 52% of total imports. The second position in the ranking was taken by Brazil ($X), with a 20% share of total imports. It was followed by Australia, with an 8.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +2.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+89.1% per year) and Australia (+1.0% 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, with an increase of 27% against the previous year. Over the period under review, the import price enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2021 an increase of 78% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+48.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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