Northern America: 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 Northern America

The North American market for articles of goldsmiths’ wares of base metal clad with precious metal stood at $X in 2022, rising by 2.2% against the previous year. Over the period under review, consumption, however, recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

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

In value terms, production of articles of goldsmiths’ wares of base metal clad with precious metal amounted to $X in 2022 estimated in export price. In general, production, however, saw a mild reduction. The pace of growth was the most pronounced in 2016 when the production volume increased by 26% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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

Exports in Northern America

In 2022, after two years of decline, there was significant growth in shipments abroad of articles of goldsmiths’ wares of base metal clad with precious metal, when their volume increased by 61% to X tons. Over the period under review, exports, however, continue to indicate a pronounced decline. The growth pace was the most rapid in 2019 with an increase of 70% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of articles of goldsmiths’ wares of base metal clad with precious metal skyrocketed to $X in 2022. Overall, exports, however, recorded a abrupt setback. Over the period under review, the exports of attained the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X tons) represented roughly 99% of total exports in 2022.

The United States was also the fastest-growing in terms of the articles of goldsmiths’ wares of base metal clad with precious metal exports, with a CAGR of -3.9% from 2012 to 2022. From 2012 to 2022, the share of the United States increased by +5.6 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) also remains the largest precious metal-clad goldsmiths ware articles of base metals supplier in Northern America.

From 2012 to 2022, the average annual growth rate of value in the United States stood at -10.7%.

Export Prices by Country

In 2022, the export price in Northern America amounted to $X per ton, rising by 2.8% against the previous year. Overall, the export price, however, showed a abrupt decline. The most prominent rate of growth was recorded in 2021 when the export price increased by 8.2%. Over the period under review, the export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to -7.1% per year.

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

Imports in Northern America

In 2022, supplies from abroad of articles of goldsmiths’ wares of base metal clad with precious metal was finally on the rise to reach X tons after two years of decline. Overall, imports, however, saw a deep slump. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, imports of articles of goldsmiths’ wares of base metal clad with precious metal soared to $X in 2022. Total imports indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +134.9% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 59% against the previous year. The level of import peaked at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Canada represented the largest importing country with an import of about X tons, which resulted at 84% of total imports. It was distantly followed by the United States (X kg), constituting a 13% share of total imports. Greenland (X kg) followed a long way behind the leaders.

Imports into Canada decreased at an average annual rate of -6.2% from 2012 to 2022. At the same time, Greenland (+10.4%) and the United States (+5.5%) displayed positive paces of growth. Moreover, Greenland emerged as the fastest-growing importer imported in Northern America, with a CAGR of +10.4% from 2012-2022. While the share of the United States (+13 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported articles of goldsmiths’ wares of base metal clad with precious metal in Northern America, comprising 89% of total imports. The second position in the ranking was held by Canada ($X), with an 11% share of total imports.

In the United States, imports of articles of goldsmiths’ wares of base metal clad with precious metal increased at an average annual rate of +3.5% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Canada (-2.9% per year) and Greenland (-26.7% per year).

Import Prices by Country

The import price in Northern America stood at $X per ton in 2022, waning by -31.9% against the previous year. In general, the import price, however, saw a resilient increase. The growth pace was the most rapid in 2018 an increase of 167%. The level of import peaked at $X per ton in 2021, and then fell remarkably in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while Greenland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+10.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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