Ukraine: 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 Ukraine

In 2022, the Ukrainian market for articles of goldsmiths’ or silversmiths’ wares of precious metals other than silver decreased by 99.9% to less than $X for the first time since 2018, thus ending a three-year rising trend. Overall, consumption showed a dramatic shrinkage. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

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

In value terms, production of articles of goldsmiths’ or silversmiths’ wares of precious metals other than silver amounted to less than $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern.

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

Exports from Ukraine

In 2022, approx. X kg of articles of goldsmiths’ or silversmiths’ wares of precious metals other than silver were exported from Ukraine; which is down by -55.6% against 2021. Overall, exports recorded a perceptible decrease. The pace of growth was the most pronounced in 2019 when exports increased by 180% against the previous year. As a result, the exports reached the peak of X kg. From 2020 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of articles of goldsmiths’ or silversmiths’ wares of precious metals other than silver fell sharply to $X in 2022. In general, exports recorded a abrupt contraction. The pace of growth was the most pronounced in 2016 with an increase of 720%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X kg) was the main destination for exports of articles of goldsmiths’ or silversmiths’ wares of precious metals other than silver from Ukraine, accounting for a 75% share of total exports. Moreover, exports of articles of goldsmiths’ or silversmiths’ wares of precious metals other than silver to Germany exceeded the volume sent to the second major destination, the United States (X kg), threefold.

From 2012 to 2022, the average annual growth rate of volume to Germany totaled +11.6%.

In value terms, Germany ($X) emerged as the key foreign market for articles of goldsmiths’ or silversmiths’ wares of precious metals other than silver exports from Ukraine, comprising 89% of total exports. The second position in the ranking was held by the United States ($X), with an 11% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Germany amounted to +6.7%.

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, reducing by -71.3% against the previous year. In general, the export price continues to indicate a abrupt contraction. The pace of growth was the most pronounced in 2016 an increase of 720%. Over the period under review, the average export prices hit record highs at $X per kg in 2018; however, from 2019 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 Germany ($X per kg), while the average price for exports to the United States totaled $X per kg.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Austria (+22.3%), while the prices for the other major destinations experienced mixed trend patterns.

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

Imports into Ukraine

In 2021, after two years of growth, there was decline in supplies from abroad of articles of goldsmiths’ or silversmiths’ wares of precious metals other than silver, when their volume decreased by 0% to X kg. In general, imports recorded a abrupt contraction. The pace of growth appeared the most rapid in 2020 with an increase of 29% against the previous year. Imports peaked at X kg in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of articles of goldsmiths’ or silversmiths’ wares of precious metals other than silver declined sharply to $X in 2021. Over the period under review, imports continue to indicate a precipitous curtailment. The pace of growth was the most pronounced in 2019 with an increase of 154%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Russia (X kg), Poland (X kg) and Germany (X kg) were the main suppliers of imports of articles of goldsmiths’ or silversmiths’ wares of precious metals other than silver to Ukraine, with a combined 33% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Russia (with a CAGR of 0.0%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Italy ($X), Switzerland ($X) and Poland ($X) were the largest non-silver precious metal goldsmiths ware articles suppliers to Ukraine, together comprising 44% of total imports. Germany, the UK, Russia and Israel lagged somewhat behind, together comprising a further 29%.

Among the main suppliers, Russia, with a CAGR of +298.4%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

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 2021, with a decrease of -20.6% against the previous year. Over the period under review, the import price continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2019 when the average import price increased by 117% against the previous year. The import price peaked at $X per kg in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+298.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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