New Zealand: 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 New Zealand

In 2022, the New Zealand market for articles of goldsmiths’ or silversmiths’ wares of precious metals other than silver increased by 7,400% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption recorded a significant increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

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

In value terms, production of articles of goldsmiths’ or silversmiths’ wares of precious metals other than silver surged to $X in 2022 estimated in export price. Over the period under review, production enjoyed a strong increase. The pace of growth was the most pronounced in 2020 with an increase of 56% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production of growth remained at a lower figure.

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

Exports from New Zealand

In 2022, the amount of articles of goldsmiths’ or silversmiths’ wares of precious metals other than silver exported from New Zealand skyrocketed to X kg, increasing by 1,561% on the previous year's figure. Over the period under review, exports showed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of articles of goldsmiths’ or silversmiths’ wares of precious metals other than silver skyrocketed to $X in 2022. Overall, exports continue to indicate significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Hong Kong SAR (X kg) was the main destination for exports of articles of goldsmiths’ or silversmiths’ wares of precious metals other than silver from New Zealand, with a 63% share of total exports. Moreover, exports of articles of goldsmiths’ or silversmiths’ wares of precious metals other than silver to Hong Kong SAR exceeded the volume sent to the second major destination, Australia (X kg), fourfold. Thailand (X kg) ranked third in terms of total exports with an 11% share.

From 2012 to 2022, the average annual growth rate of volume to Hong Kong SAR stood at +64.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+55.7% per year) and Thailand (+118.7% per year).

In value terms, the largest markets for non-silver precious metal goldsmiths ware articles exported from New Zealand were Australia ($X), Hong Kong SAR ($X) and Thailand ($X), together comprising 94% of total exports.

Among the main countries of destination, Thailand, with a CAGR of +174.6%, saw 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, increasing by 227% against the previous year. Over the period under review, the export price enjoyed a significant increase. Over the period under review, the average export prices reached the peak figure at $X per kg in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($X per kg), while the average price for exports to the United States ($X per kg) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+38.2%), 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 New Zealand

In 2022, purchases abroad of articles of goldsmiths’ or silversmiths’ wares of precious metals other than silver was finally on the rise to reach X tons after three years of decline. In general, imports enjoyed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of articles of goldsmiths’ or silversmiths’ wares of precious metals other than silver skyrocketed to $X in 2022. Overall, imports posted a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Australia (X tons) constituted the largest non-silver precious metal goldsmiths ware articles supplier to New Zealand, accounting for a 80% share of total imports. Moreover, imports of articles of goldsmiths’ or silversmiths’ wares of precious metals other than silver from Australia exceeded the figures recorded by the second-largest supplier, Switzerland (X kg), sevenfold. The third position in this ranking was taken by the United Arab Emirates (X kg), with a 2.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Australia stood at +114.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (+77.4% per year) and the United Arab Emirates (+50.1% per year).

In value terms, Australia ($X) constituted the largest supplier of articles of goldsmiths’ or silversmiths’ wares of precious metals other than silver to New Zealand, comprising 82% of total imports. The second position in the ranking was held by Switzerland ($X), with a 13% share of total imports. It was followed by the UK, with a 1.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Australia stood at +146.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (+106.9% per year) and the UK (+71.9% 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, jumping by 160% against the previous year. Overall, the import price continues to indicate significant growth. The most prominent rate of growth was recorded in 2019 an increase of 179% against the previous year. The import price peaked in 2022 and is likely to continue growth in the immediate term.

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 Austria ($X per kg), while the price for the United Arab Emirates ($X per kg) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+35.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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