Poland: 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 Poland

In 2022, the Polish market for articles of goldsmiths’ wares of base metal clad with precious metal increased by 60% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption continues to indicate a significant increase. Consumption of peaked in 2022 and is expected to retain growth in the near future.

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

In value terms, production of articles of goldsmiths’ wares of base metal clad with precious metal dropped to $X in 2022 estimated in export price. Overall, production, however, saw buoyant growth. The pace of growth was the most pronounced in 2014 when the production volume increased by 55%. Production of peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

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

Exports from Poland

In value terms, exports of articles of goldsmiths’ wares of base metal clad with precious metal reached $X in 2022. Overall, exports, however, continue to indicate a prominent increase. The pace of growth was the most pronounced in 2016 when exports increased by 2,517% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports of failed to regain momentum.

Exports by Country

The United States (X kg) was the main destination for exports of articles of goldsmiths’ wares of base metal clad with precious metal from Poland, accounting for a 44% share of total exports. Moreover, exports of articles of goldsmiths’ wares of base metal clad with precious metal to the United States exceeded the volume sent to the second major destination, Germany (X kg), twofold. The third position in this ranking was taken by Ukraine (X kg), with an 8.2% share.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled +48.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+32.1% per year) and Ukraine (+11.2% per year).

In value terms, the United States ($X) remains the key foreign market for articles of goldsmiths’ wares of base metal clad with precious metal exports from Poland, comprising 71% of total exports. The second position in the ranking was taken by Ukraine ($X), with a 9.1% share of total exports. It was followed by Australia, with a 3.3% share.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to +61.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (+21.7% per year) and Australia (+3.6% per year).

Export Prices by Country

The average export price for articles of goldsmiths’ wares of base metal clad with precious metal stood at $X per ton in 2022, jumping by 50% against the previous year. In general, the export price showed a prominent increase. The most prominent rate of growth was recorded in 2021 when the average export price increased by 148% 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 overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Germany ($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 Canada (+10.1%), 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 Poland

In 2022, approx. X tons of articles of goldsmiths’ wares of base metal clad with precious metal were imported into Poland; with an increase of 298% against the previous year's figure. In general, imports showed a buoyant increase. The pace of growth appeared the most rapid in 2016 when imports increased by 4,880% against the previous year. As a result, imports reached the peak of X tons. From 2017 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of articles of goldsmiths’ wares of base metal clad with precious metal surged to $X in 2022. Over the period under review, imports recorded significant growth. The pace of growth appeared the most rapid in 2016 with an increase of 9,766% against the previous year. As a result, imports attained the peak of $X; afterwards, it flattened through to 2022.

Imports by Country

In 2022, Italy (X tons) constituted the largest precious metal-clad goldsmiths ware articles of base metals supplier to Poland, accounting for a 71% share of total imports. Moreover, imports of articles of goldsmiths’ wares of base metal clad with precious metal from Italy exceeded the figures recorded by the second-largest supplier, Germany (X tons), fourfold. Bulgaria (X tons) ranked third in terms of total imports with a 2.5% share.

From 2012 to 2022, the average annual growth rate of volume from Italy totaled +68.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+153.9% per year) and Bulgaria (+188.7% per year).

In value terms, Italy ($X), Germany ($X) and Bulgaria ($X) were the largest precious metal-clad goldsmiths ware articles of base metals suppliers to Poland, together accounting for 89% of total imports.

Among the main suppliers, Bulgaria, with a CAGR of +160.8%, saw 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

In 2022, the average import price for articles of goldsmiths’ wares of base metal clad with precious metal amounted to $X per ton, declining by -38.5% against the previous year. Over the period under review, the import price, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2018 an increase of 185%. Over the period under review, average import prices hit record highs at $X per ton in 2021, and then reduced notably in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+20.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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