Switzerland: 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 Switzerland

In 2022, the Swiss market for articles of goldsmiths’ wares of base metal clad with precious metal increased by 2.1% to $X, rising for the second consecutive year after two years of decline. Overall, consumption recorded a remarkable increase. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

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

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, recorded buoyant growth. The growth pace was the most rapid in 2014 with an increase of 75% against the previous year. Over the period under review, production of attained the maximum level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

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

Exports from Switzerland

In 2022, approx. X tons of articles of goldsmiths’ wares of base metal clad with precious metal were exported from Switzerland; with a decrease of -18.6% compared with 2021. In general, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2013 when exports increased by 286%. Over the period under review, the exports of reached the maximum at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of articles of goldsmiths’ wares of base metal clad with precious metal reduced modestly to $X in 2022. Overall, exports, however, saw a buoyant expansion. The pace of growth appeared the most rapid in 2019 with an increase of 534% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports of failed to regain momentum.

Exports by Country

Germany (X tons) was the main destination for exports of articles of goldsmiths’ wares of base metal clad with precious metal from Switzerland, accounting for a 89% share of total exports. It was followed by the UK (X kg), with a 0.4% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Germany stood at +66.4%.

In value terms, Germany ($X) remains the key foreign market for articles of goldsmiths’ wares of base metal clad with precious metal exports from Switzerland, comprising 71% of total exports. The second position in the ranking was held by the UK ($X), with a 0.9% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany stood at +53.6%.

Export Prices by Country

In 2022, the average export price for articles of goldsmiths’ wares of base metal clad with precious metal amounted to $X per ton, with an increase of 22% against the previous year. In general, the export price, however, recorded a drastic downturn. The most prominent rate of growth was recorded in 2019 an increase of 273% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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 the UK ($X per ton), while the average price for exports to Germany totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (-5.4%), while the prices for the other major destinations experienced a decline.

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

Imports into Switzerland

In 2022, imports of articles of goldsmiths’ wares of base metal clad with precious metal into Switzerland stood at X tons, flattening at 2021 figures. Overall, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 183%. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of articles of goldsmiths’ wares of base metal clad with precious metal fell significantly to $X in 2022. Over the period under review, imports posted a strong increase. The pace of growth appeared the most rapid in 2014 when imports increased by 244%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports of failed to regain momentum.

Imports by Country

Italy (X tons), France (X kg) and China (X kg) were the main suppliers of imports of articles of goldsmiths’ wares of base metal clad with precious metal to Switzerland, with a combined 82% share of total imports. Germany, the UK, Portugal, Israel and the United States lagged somewhat behind, together accounting for a further 15%.

From 2012 to 2022, the biggest increases were recorded for Portugal (with a CAGR of +29.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest precious metal-clad goldsmiths ware articles of base metals suppliers to Switzerland were Italy ($X), France ($X) and Germany ($X), with a combined 68% share of total imports. China, the UK, Israel, Portugal and the United States lagged somewhat behind, together comprising a further 27%.

China, with a CAGR of +24.8%, 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

The average import price for articles of goldsmiths’ wares of base metal clad with precious metal stood at $X per ton in 2022, dropping by -34% against the previous year. Overall, the import price, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2021 an increase of 67%. As a result, import price reached the peak level of $X per ton, and then declined remarkably 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 the UK ($X per ton), while the price for Portugal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (+12.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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