Sweden: 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 Sweden

The Swedish market for articles of goldsmiths’ wares of base metal clad with precious metal skyrocketed to $X in 2022, rising by 101% against the previous year. In general, consumption, however, recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

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

In value terms, production of articles of goldsmiths’ wares of base metal clad with precious metal soared to $X in 2022 estimated in export price. In general, production, however, showed a noticeable slump. The most prominent rate of growth was recorded in 2020 when the production volume increased by 584%. Production of peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

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

Exports by Country

Norway (X tons) was the main destination for exports of articles of goldsmiths’ wares of base metal clad with precious metal from Sweden, accounting for a 79% share of total exports. Moreover, exports of articles of goldsmiths’ wares of base metal clad with precious metal to Norway exceeded the volume sent to the second major destination, the United States (X kg), more than tenfold. The UK (X kg) ranked third in terms of total exports with a 5.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Norway totaled +14.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+1.6% per year) and the UK (+0.4% per year).

In value terms, the largest markets for precious metal-clad goldsmiths ware articles of base metals exported from Sweden were Norway ($X), the United States ($X) and the UK ($X), with a combined 71% share of total exports. Denmark, Finland and Switzerland lagged somewhat behind, together accounting for a further 22%.

Denmark, with a CAGR of +12.9%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination 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’ wares of base metal clad with precious metal stood at $X per ton in 2022, dropping by -42.8% against the previous year. In general, the export price showed a deep setback. The most prominent rate of growth was recorded in 2020 when the average export price increased by 112%. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 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 the UK ($X per ton), while the average price for exports to Norway ($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 Finland (+3.0%), 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 Sweden

In 2022, purchases abroad of articles of goldsmiths’ wares of base metal clad with precious metal increased by 42% to X tons for the first time since 2019, thus ending a two-year declining trend. In general, imports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2015 when imports increased by 169%. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat 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 showed a prominent expansion. The pace of growth was the most pronounced in 2015 with an increase of 735%. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports of failed to regain momentum.

Imports by Country

Poland (X tons), the United States (X tons) and the UK (X kg) were the main suppliers of imports of articles of goldsmiths’ wares of base metal clad with precious metal to Sweden, with a combined 77% 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 the UK (with a CAGR of +100.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), the UK ($X) and the United States ($X) appeared to be the largest precious metal-clad goldsmiths ware articles of base metals suppliers to Sweden, with a combined 82% share of total imports.

The UK, with a CAGR of +97.9%, saw the highest growth rate of the value of imports, among the main suppliers 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, which is down by -12.3% against the previous year. Over the period under review, the import price recorded a abrupt setback. The pace of growth was the most pronounced in 2015 an increase of 211%. As a result, import price attained the peak level of $X per ton. From 2016 to 2022, the average import prices failed to regain momentum.

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 Germany ($X per ton), while the price for Finland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+15.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :