Slovenia: 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 Slovenia

In 2022, the Slovene market for articles of goldsmiths’ or silversmiths’ wares of precious metals other than silver increased by 500% to $X, rising for the third consecutive year after three years of decline. Over the period under review, consumption enjoyed strong growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

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

In value terms, production of articles of goldsmiths’ or silversmiths’ wares of precious metals other than silver amounted to $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 25% against the previous year. Production of peaked in 2022 and is likely to see steady growth in the near future.

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

Exports from Slovenia

In 2022, after four years of growth, there was significant decline in shipments abroad of articles of goldsmiths’ or silversmiths’ wares of precious metals other than silver, when their volume decreased by -65.5% to X kg. Overall, exports, however, showed buoyant growth. The pace of growth was the most pronounced in 2015 when exports increased by 233% against the previous year. The exports peaked at X kg in 2021, and then declined dramatically in the following year.

In value terms, exports of articles of goldsmiths’ or silversmiths’ wares of precious metals other than silver reduced remarkably to $X in 2022. Over the period under review, exports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2015 with an increase of 14,151% against the previous year. The exports peaked at $X in 2021, and then fell rapidly in the following year.

Exports by Country

Iceland (X kg), Bulgaria (X kg) and Bosnia and Herzegovina (X kg) were the main destinations of exports of articles of goldsmiths’ or silversmiths’ wares of precious metals other than silver from Slovenia, with a combined 30% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Iceland (with a CAGR of 0.0%), while the other leaders experienced more modest paces of growth.

In value terms, Iceland ($X), Croatia ($X) and the UK ($X) were the largest markets for non-silver precious metal goldsmiths ware articles exported from Slovenia worldwide, together comprising 69% of total exports. The United States, Serbia, New Zealand, Bosnia and Herzegovina, Germany, Bulgaria and North Macedonia lagged somewhat behind, together accounting for a further 31%.

Among the main countries of destination, Serbia, with a CAGR of +34.5%, 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

The average export price for articles of goldsmiths’ or silversmiths’ wares of precious metals other than silver stood at $X per kg in 2022, falling by -74.6% against the previous year. Over the period under review, the export price showed a abrupt setback. The pace of growth appeared the most rapid in 2015 an increase of 4,175%. Over the period under review, the average export prices hit record highs at $X per kg in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Iceland ($X per kg), while the average price for exports to North Macedonia ($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 Serbia (+34.5%), 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 Slovenia

For the third consecutive year, Slovenia recorded growth in purchases abroad of articles of goldsmiths’ or silversmiths’ wares of precious metals other than silver, which increased by 160% to X kg in 2022. Overall, imports enjoyed a prominent increase. The growth pace was the most rapid in 2020 with an increase of 170%. Over the period under review, imports of reached the maximum in 2022 and are likely to see steady growth in the immediate term.

In value terms, imports of articles of goldsmiths’ or silversmiths’ wares of precious metals other than silver skyrocketed to $X in 2022. In general, imports continue to indicate strong growth. The most prominent rate of growth was recorded in 2020 when imports increased by 324%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Imports by Country

In 2022, Austria (X kg) constituted the largest supplier of non-silver precious metal goldsmiths ware articles to Slovenia, accounting for a 87% share of total imports. It was followed by China (X kg), with a 2.8% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Austria amounted to +16.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+17.0% per year) and India (-14.9% per year).

In value terms, Austria ($X) constituted the largest supplier of articles of goldsmiths’ or silversmiths’ wares of precious metals other than silver to Slovenia, comprising 100% of total imports. The second position in the ranking was held by China ($X), with less than 0.1% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Austria totaled +15.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+8.2% per year) and India (-35.9% per year).

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, increasing by 42% against the previous year. In general, the import price saw a mild increase. The most prominent rate of growth was recorded in 2017 an increase of 303% against the previous year. The import price peaked in 2022 and is likely to continue growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (-0.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform