Scandinavia: 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 Scandinavia

The Scandinavia market for articles of goldsmiths’ wares of base metal clad with precious metal skyrocketed to $X in 2022, jumping by 33% against the previous year. Over the period under review, consumption continues to indicate a resilient expansion. As a result, consumption reached the peak level of $X. From 2021 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 Scandinavia

In value terms, production of articles of goldsmiths’ wares of base metal clad with precious metal reached $X in 2022 estimated in export price. The total production indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +40.1% against 2019 indices. The growth pace was the most rapid in 2016 when the production volume increased by 44%. Over the period under review, production of hit record highs at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

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

Exports by Country

Norway dominates metal structure, amounting to X tons, which was approx. 86% of total exports in 2022. It was distantly followed by Sweden (X tons) and Finland (X tons), together generating a 14% share of total exports.

Exports from Norway increased at an average annual rate of +32.3% from 2012 to 2022. At the same time, Finland (+67.3%) and Sweden (+9.8%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +67.3% from 2012-2022. Norway (+23 p.p.) and Finland (+5.7 p.p.) significantly strengthened its position in terms of the total exports, while Sweden saw its share reduced by -28.7% from 2012 to 2022, respectively.

In value terms, Norway ($X) remains the largest precious metal-clad goldsmiths ware articles of base metals supplier in Scandinavia, comprising 82% of total exports. The second position in the ranking was taken by Finland ($X), with a 13% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Norway amounted to +18.2%. The remaining exporting countries recorded the following average annual rates of exports growth: Finland (+59.2% per year) and Sweden (+3.9% per year).

Export Prices by Country

In 2022, the export price in Scandinavia amounted to $X per ton, which is down by -18.3% against the previous year. Over the period under review, the export price continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2020 when the export price increased by 81% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Finland ($X per ton), while Sweden ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (-4.8%), while the other leaders experienced a decline in the export price figures.

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

Imports in Scandinavia

In 2022, purchases abroad of articles of goldsmiths’ wares of base metal clad with precious metal decreased by -21.6% to X tons, falling for the fourth year in a row after two years of growth. Over the period under review, imports, however, saw a perceptible expansion. The growth pace was the most rapid in 2018 when imports increased by 76%. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of articles of goldsmiths’ wares of base metal clad with precious metal reduced markedly to $X in 2022. In general, imports continue to indicate a abrupt curtailment. The growth pace was the most rapid in 2020 when imports increased by 44%. Over the period under review, imports of reached the peak figure at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Sweden was the largest importing country with an import of about X tons, which finished at 67% of total imports. It was distantly followed by Norway (X tons) and Finland (X tons), together committing a 33% share of total imports.

Sweden was also the fastest-growing in terms of the articles of goldsmiths’ wares of base metal clad with precious metal imports, with a CAGR of +17.4% from 2012 to 2022. Finland (-3.6%) and Norway (-7.7%) illustrated a downward trend over the same period. While the share of Sweden (+50 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Finland (-9.7 p.p.) and Norway (-40.1 p.p.) displayed negative dynamics.

In value terms, Sweden ($X), Finland ($X) and Norway ($X) appeared to be the countries with the highest levels of imports in 2022.

Sweden, with a CAGR of +10.6%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2022, the import price in Scandinavia amounted to $X per ton, leveling off at the previous year. Overall, the import price continues to indicate a drastic downturn. The pace of growth was the most pronounced in 2020 an increase of 59% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Finland ($X per ton), while Sweden ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (-5.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform