Overview of the Global Market for Articles of Goldsmiths’ Wares of Base Metal Clad with Precious Metal

Market Size for Articles of Goldsmiths’ Wares of Base Metal Clad with Precious Metal

The global market for articles of goldsmiths’ wares of base metal clad with precious metal declined modestly to $X in 2022, approximately mirroring the previous year. In general, the total consumption indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +78.3% against 2012 indices. Global consumption peaked at $X in 2021, and then declined slightly in the following year.

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

In value terms, production of articles of goldsmiths’ wares of base metal clad with precious metal declined to $X in 2022 estimated in export price. In general, the total production indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +6.0% 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 +81.0% against 2013 indices. The most prominent rate of growth was recorded in 2017 with an increase of 24% against the previous year. Global production peaked at $X in 2021, and then shrank modestly in the following year.

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

Exports

Global exports of articles of goldsmiths’ wares of base metal clad with precious metal contracted dramatically to X tons in 2022, reducing by -15.1% on 2021 figures. Overall, exports continue to indicate a mild slump. The pace of growth was the most pronounced in 2021 when exports increased by 30% against the previous year. The global exports peaked at X tons in 2017; however, from 2018 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 contracted remarkably to $X in 2022. In general, exports, however, saw perceptible growth. The most prominent rate of growth was recorded in 2021 with an increase of 70% against the previous year. As a result, the exports attained the peak of $X, and then shrank markedly in the following year.

Exports by Country

In 2022, France (X tons) and Italy (X tons) represented the major exporters of articles of goldsmiths’ wares of base metal clad with precious metalacross the globe, together finishing at approx. 57% of total exports. It was distantly followed by Spain (X tons), the UK (X tons) and Malaysia (X tons), together committing an 18% share of total exports. The following exporters - Lebanon (X tons), Germany (X tons), the United States (X tons), Norway (X tons) and the United Arab Emirates (X tons) - together made up 12% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Norway (with a CAGR of +32.3%), while the other global leaders experienced more modest paces of growth.

In value terms, Malaysia ($X) remains the largest precious metal-clad goldsmiths ware articles of base metals supplier worldwide, comprising 48% of global exports. The second position in the ranking was taken by France ($X), with a 15% share of global exports. It was followed by Italy, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Malaysia totaled +34.7%. The remaining exporting countries recorded the following average annual rates of exports growth: France (-1.0% per year) and Italy (-9.6% per year).

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, falling by -25.9% against the previous year. In general, the export price, however, recorded pronounced growth. The pace of growth appeared the most rapid in 2018 an increase of 49% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2021, and then fell significantly in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while Lebanon ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+21.2%), while the other global leaders experienced more modest paces of growth.

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

Imports

In 2022, the amount of articles of goldsmiths’ wares of base metal clad with precious metal imported worldwide soared to X tons, picking up by 43% against 2021 figures. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 46%. Over the period under review, global imports of attained the maximum at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, imports of articles of goldsmiths’ wares of base metal clad with precious metal reached $X in 2022. Overall, imports, however, continue to indicate a noticeable decrease. The growth pace was the most rapid in 2021 when imports increased by 62%. Global imports peaked at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

The countries with the highest levels of imports of articles of goldsmiths’ wares of base metal clad with precious metal in 2022 were France (X tons), Spain (X tons), the UK (X tons), Tajikistan (X tons), Brunei Darussalam (X tons) and Poland (X tons), together amounting to 60% of total import. Germany (X tons), the United Arab Emirates (X tons), Bosnia and Herzegovina (X tons), Singapore (X tons), India (X tons), Nigeria (X tons) and Australia (X tons) took a relatively small share of total imports.

From 2012 to 2022, the biggest increases were recorded for Brunei Darussalam (with a CAGR of +55.1%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the largest precious metal-clad goldsmiths ware articles of base metals importing markets worldwide were Poland ($X), the UK ($X) and the United Arab Emirates ($X), together comprising 21% of global imports.

Poland, with a CAGR of +39.2%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global 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 -27.6% against the previous year. Over the period under review, the import price saw a perceptible slump. The growth pace was the most rapid in 2020 an increase of 61% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+22.0%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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