Poland: 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 Poland

The Polish market for articles of goldsmiths’ or silversmiths’ wares of precious metals other than silver surged to $X in 2022, jumping by 22% against the previous year. Over the period under review, consumption recorded a strong increase. Over the period under review, the market attained the maximum level in 2022 and is likely to see gradual growth in years to come.

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

In value terms, production of articles of goldsmiths’ or silversmiths’ wares of precious metals other than silver totaled less than $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern.

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

Exports from Poland

In 2022, shipments abroad of articles of goldsmiths’ or silversmiths’ wares of precious metals other than silver decreased by -28.3% to X kg, falling for the fourth year in a row after three years of growth. Over the period under review, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 327% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, exports of articles of goldsmiths’ or silversmiths’ wares of precious metals other than silver declined to $X in 2022. In general, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 when exports increased by 496% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X kg), Slovakia (X kg) and Estonia (X kg) were the main destinations of exports of articles of goldsmiths’ or silversmiths’ wares of precious metals other than silver from Poland, together comprising 48% of total exports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +39.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Slovakia ($X), Estonia ($X) and Latvia ($X) constituted the largest markets for non-silver precious metal goldsmiths ware articles exported from Poland worldwide, with a combined 68% share of total exports. Lithuania, the Czech Republic, Italy, the United States, Germany, Hong Kong SAR and Thailand lagged somewhat behind, together accounting for a further 21%.

Among the main countries of destination, the United States, with a CAGR of +48.7%, 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

In 2022, the average export price for articles of goldsmiths’ or silversmiths’ wares of precious metals other than silver amounted to $X per kg, growing by 26% against the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average export price increased by 40% against the previous year. The export price peaked at $X per kg in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Slovakia ($X per kg), while the average price for exports to Thailand ($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 Hungary (+13.5%), 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 Poland

In 2022, purchases abroad of articles of goldsmiths’ or silversmiths’ wares of precious metals other than silver increased by 36% to X kg, rising for the second consecutive year after two years of decline. Overall, imports showed a significant expansion. The growth pace was the most rapid in 2016 with an increase of 406%. Imports peaked at X kg in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of articles of goldsmiths’ or silversmiths’ wares of precious metals other than silver surged to $X in 2022. Over the period under review, imports enjoyed a significant increase. The growth pace was the most rapid in 2016 with an increase of 476% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are likely to continue growth in the near future.

Imports by Country

Italy (X kg), Canada (X kg) and Australia (X kg) were the main suppliers of imports of articles of goldsmiths’ or silversmiths’ wares of precious metals other than silver to Poland, with a combined 51% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Canada (with a CAGR of +84.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest non-silver precious metal goldsmiths ware articles suppliers to Poland were Italy ($X), Australia ($X) and Canada ($X), together accounting for 57% of total imports.

In terms of the main suppliers, Canada, with a CAGR of +164.2%, recorded 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

The average import price for articles of goldsmiths’ or silversmiths’ wares of precious metals other than silver stood at $X per kg in 2022, reducing by -9.6% against the previous year. Overall, the import price, however, continues to indicate a measured expansion. The most prominent rate of growth was recorded in 2020 when the average import price increased by 86%. Over the period under review, average import prices hit record highs at $X per kg in 2021, and then fell in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+43.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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