Report Update Nov 1, 2024

Pakistan - Articles of Goldsmiths’ or Silversmiths’ Wares of Silver - Market Analysis, Forecast, Size, Trends and Insights

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Pakistan: Silversmiths Ware Market 2022

Silversmiths Ware Exports

Exports from Pakistan

In 2021, silversmiths ware exports from Pakistan amounted to X kg, flattening at 2020 figures. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. As a result, the exports reached the peak of X kg. From 2019 to 2021, the growth of the exports failed to regain momentum.

In value terms, silversmiths ware exports skyrocketed to $X in 2021. In general, exports saw a deep setback. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Belgium (X kg) was the main destination for silversmiths ware exports from Pakistan, accounting for a X% share of total exports. Moreover, silversmiths ware exports to Belgium exceeded the volume sent to the second major destination, Denmark (X kg), threefold.

From 2012 to 2021, the average annual growth rate of volume to Belgium totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+X% per year) and the United Arab Emirates (-X% per year).

From 2012 to 2021, the average annual growth rate of value to Denmark stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (-X% per year) and the United Arab Emirates (-X% per year).

Export Prices by Country

The average silversmiths ware export price stood at $X per kg in 2021, waning by -X% against the previous year. Over the period under review, the export price recorded a abrupt slump. The growth pace was the most rapid in 2020 when the average export price increased by X% y-o-y. As a result, the export price reached the peak level of $X per kg, and then fell rapidly in the following year.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Denmark ($X per kg), while the average price for exports to Belgium ($X per kg) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (+X%), while the prices for the other major destinations experienced a decline.

Silversmiths Ware Imports

Imports into Pakistan

In 2021, supplies from abroad of articles of goldsmiths’ or silversmiths’ wares of silver increased by X% to X kg, rising for the seventh year in a row after two years of decline. In general, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of X% year-to-year. Imports peaked at X kg in 2012; afterwards, it flattened through to 2021.

In value terms, silversmiths ware imports surged to $X in 2021. Overall, imports enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2015 with an increase of X% year-to-year. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, Taiwan (Chinese) (X kg) constituted the largest supplier of silversmiths ware to Pakistan, accounting for a X% share of total imports. Moreover, silversmiths ware imports from Taiwan (Chinese) exceeded the figures recorded by the second-largest supplier, China (X kg), sixfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Taiwan (Chinese) amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Thailand (X% per year).

In value terms, Taiwan (Chinese) ($X) constituted the largest supplier of silversmiths ware to Pakistan, comprising X% of total imports. The second position in the ranking was occupied by China ($X), with a X% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Taiwan (Chinese) amounted to +X%.

Import Prices by Country

In 2021, the average silversmiths ware import price amounted to $X per ton, surging by X% against the previous year. Overall, the import price continues to indicate a buoyant increase. The most prominent rate of growth was recorded in 2015 an increase of X% year-to-year. The import price peaked in 2021 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for articles of goldsmiths’ or silversmiths’ wares of silver in the world?

Italy remains the largest silversmiths ware consuming country worldwide, accounting for 32% of total volume. Moreover, silversmiths ware consumption in Italy exceeded the figures recorded by the second-largest consumer, China, twofold. The United States ranked third in terms of total consumption with a 5.3% share.

What are the largest producers of articles of goldsmiths’ or silversmiths’ wares of silver in the world?

Italy constituted the country with the largest volume of silversmiths ware production, comprising approx. 35% of total volume. Moreover, silversmiths ware production in Italy exceeded the figures recorded by the second-largest producer, China, twofold. India ranked third in terms of total production with a 5.8% share.

What are the leading suppliers of articles of goldsmiths’ or silversmiths’ wares of silver to Pakistan?

In value terms, Taiwan Chinese) constituted the largest supplier of silversmiths ware to Pakistan, comprising 100% of total imports. The second position in the ranking was occupied by China $21), with a 0.2% share of total imports.

What is the average export price for articles of goldsmiths’ or silversmiths’ wares of silver in Pakistan?

The average silversmiths ware export price stood at $378 per kg in 2021, declining by -81% against the previous year.

What is the average import price for articles of goldsmiths’ or silversmiths’ wares of silver in Pakistan?

The average silversmiths ware import price stood at $1,296,658 per ton in 2021, increasing by 14% against the previous year.

This report provides an in-depth analysis of the silversmiths ware market in Pakistan. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.

Product coverage:

Prodcom 32121351 - Articles of goldsmiths

Country coverage:

Pakistan

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Pakistan
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023