Precious Metal Ware Market

Precious metal ware market: enjoy new datasets empowered by an Ai-driven business intelligence platform. Data contain imports, market size, consumption, companies, production, market prices, exports, and trade. There is a split by region, including the Middle East, EU, Russia, Africa, China, the U.S., Latin America, and the U.K. Market trends and forecast to 2030 are also featured in the dashboards.


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Precious Metal Ware - World's Largest Markets

RatingCountry
1China
2Italy
3United States
4India
5Russia

In value terms, China led the market, alone. The second position in the ranking was occupied by Italy. It was followed by the United States.

From 2019 to 2021, the average annual rate of growth in terms of value in China stood at -2.1%. The remaining consuming countries recorded the following average annual rates of market growth: Italy (-10.2% per year) and the United States (-2.6% per year).

Precious Metal Ware Prices

Lowest Prices - FOB - Top Exporters

COUNTRY201920202021CAGR,
2019-2021
USD per kg
Myanmar1329797-14.4%
Thailand5588756205.4%
South Korea382313461349-40.6%
Belgium973455681422-61.8%
Sudan507222862290-32.8%
Malaysia5634575156890.5%
Taiwan (Chinese)882876667680-6.7%
Italy89951738394262.4%
Vietnam2958031314307672.0%
Australia2859130755308123.8%
China414183954239615-2.2%
Average113881003111077-1.4%

Prices varied noticeably by the country of origin; the country with the highest price was China ($39,615 per kg), while Myanmar ($97 per kg) was amongst the lowest.

From 2019 to 2021, the most notable rate of growth in terms of prices was attained by Thailand, while the other global leaders experienced more modest paces of growth.

Highest Prices - CIF - Top Importers

COUNTRY201920202021CAGR,
2019-2021
USD per kg
Hong Kong SAR42538550945738916.2%
New Zealand3412363331814205.4%
United Arab Emirates1171413263123102.5%
Switzerland22288222896320-46.7%
Singapore590531585049-7.5%
Bahrain23553507310514.8%
United States1683698612887-58.6%
Netherlands2442257025301.8%
Slovakia1110194972054-57.0%
France104885464429-79.8%
Belgium1222711298196-87.3%
Bulgaria2870277499-81.4%
Ireland46542850-67.2%
Average8471775191744.1%

Prices varied noticeably by the country of destination; the country with the highest price was Hong Kong SAR ($57,389 per kg), while Ireland ($50 per kg) was amongst the lowest.

From 2019 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (+205.4% per year), while the other global leaders experienced more modest paces of growth.

Precious Metal Ware - Top Importers

COUNTRY201920202021CAGR,
2019-2021
million USD
Hong Kong SAR725926893.4%
United Arab Emirates1057489-7.6%
New Zealand22463933.1%
Bahrain7.1201337.4%
Singapore163.910-21.2%

In value terms, Hong Kong SAR ($269M) constitutes the largest market for imported articles of goldsmiths’ or silversmiths’ wares of precious metals worldwide, comprising 43% of global imports. The second position in the ranking was occupied by the United Arab Emirates ($89M), with a 14% share of global imports. It was followed by New Zealand, with a 6.3% share.

From 2019 to 2021, the average annual rate of growth in terms of value in Hong Kong SAR amounted to +93.4%. The remaining importing countries recorded the following average annual rates of imports growth: the United Arab Emirates (-7.6% per year) and New Zealand (+33.1% per year).

Precious Metal Ware - Top Exporters

COUNTRY201920202021CAGR,
2019-2021
million USD
Vietnam17540429028.6%
China1861931891.0%
Australia1735172222.9%
Malaysia595356-2.7%
Sudan4447452.0%

In value terms, Vietnam ($290M), China ($189M) and Australia ($172M) were the countries with the highest levels of exports in 2021, together accounting for 65% of global exports. Malaysia, Sudan, Italy, Taiwan (Chinese), Belgium, Thailand, South Korea and Myanmar lagged somewhat behind, together comprising a further 16%.

Myanmar (+5,094.6% per year) recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Precious Metal Ware - Market Forecast

Depressed by shrinking demand for precious metal ware worldwide, the market is expected to continue its downward consumption trend over the next decade. The performance of the market is forecast to contract with an anticipated CAGR of for the period from 2021 to 2030, which is projected to depress the market volume to by the end of 2030.

Precious Metal Ware - Product Coverage

  • HS 711419 - Goldsmiths' wares; articles of and parts thereof, of precious metal (excluding silver) whether or not plated or clad with precious metal
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World - Articles of Goldsmiths’ or Silversmiths’ Wares of Precious Metals - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the global precious metal ware market.

Central Asia - Articles of Goldsmiths’ or Silversmiths’ Wares of Precious Metals - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the precious metal ware market in Central Asia.

South-Eastern Asia - Articles of Goldsmiths’ or Silversmiths’ Wares of Precious Metals - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the precious metal ware market in South-Eastern Asia.

Africa - Articles of Goldsmiths’ or Silversmiths’ Wares of Precious Metals - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the precious metal ware market in Africa.

Australia and Oceania - Articles of Goldsmiths’ or Silversmiths’ Wares of Precious Metals - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the precious metal ware market in Australia and Oceania.

Latin America and the Caribbean - Articles of Goldsmiths’ or Silversmiths’ Wares of Precious Metals - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the precious metal ware market in Latin America and the Caribbean.

Northern America - Articles of Goldsmiths’ or Silversmiths’ Wares of Precious Metals - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the precious metal ware market in Northern America.

Middle East - Articles of Goldsmiths’ or Silversmiths’ Wares of Precious Metals - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the precious metal ware market in the Middle East.

Southern Asia - Articles of Goldsmiths’ or Silversmiths’ Wares of Precious Metals - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the precious metal ware market in Southern Asia.

Eastern Asia - Articles of Goldsmiths’ or Silversmiths’ Wares of Precious Metals - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the precious metal ware market in Eastern Asia.

Geography