India - Articles Of Goldsmiths’ Or Silversmiths’ Wares Of Silver - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Silver Goldsmiths Ware Articles in India - 2023
Contents:
- Price for Silver Goldsmiths Ware Articles in India (FOB) - 2023
- Price for Silver Goldsmiths Ware Articles in India (CIF) - 2022
- Exports of Silver Goldsmiths Ware Articles in India
- Imports of Silver Goldsmiths Ware Articles in India
Price for Silver Goldsmiths Ware Articles in India (FOB) - 2023
The average silver goldsmiths ware articles export price stood at $1.0M per ton in September 2023, remaining stable against the previous month. Overall, the export price continues to indicate a notable expansion. The growth pace was the most rapid in May 2023 when the average export price increased by 57% month-to-month. As a result, the export price reached the peak level of $1,637 per kg; afterwards, it flattened through to September 2023.
There were significant differences in the average prices for the major overseas markets. In September 2023, the country with the highest price was the UK ($1.9M per ton), while the average price for exports to Australia ($668K per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+4.5%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Silver Goldsmiths Ware Articles in India (CIF) - 2022
The average silver goldsmiths ware articles import price stood at $718,591 per ton in 2022, with a decrease of -11.3% against the previous year. In general, the import price saw a abrupt decline. The most prominent rate of growth was recorded in 2020 an increase of 41% against the previous year. The import price peaked at $1,243,354 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
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 United States ($1,027,494 per ton), while the price for Germany ($559,898 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Myanmar (+10.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Silver Goldsmiths Ware Articles in India
In 2022, the amount of articles of goldsmiths or silversmiths wares of silver exported from India expanded notably to 17 tons, increasing by 6.9% on 2021 figures. Over the period under review, exports saw a significant increase. The growth pace was the most rapid in 2021 when exports increased by 118% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.
In value terms, silver goldsmiths ware articles exports reached $14M in 2022. In general, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 101% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the near future.
Export of Silver Goldsmiths Ware Articles in India (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 2.9 | 3.1 | 6.9 | 6.9 | 33.5% |
United Arab Emirates | 0.7 | 1.2 | 2.3 | 3.2 | 66.0% |
Singapore | 0.3 | 0.6 | 1.8 | 0.8 | 38.7% |
Canada | 0.2 | 0.3 | 0.7 | 0.7 | 51.8% |
Australia | N/A | 0.3 | 0.5 | 0.7 | 52.8% |
United Kingdom | 0.8 | 0.6 | 1.1 | 0.7 | -4.4% |
Germany | 0.1 | 0.2 | 0.2 | 0.6 | 81.7% |
Malaysia | 0.1 | 0.3 | 0.2 | 0.2 | 26.0% |
Others | 0.4 | 0.6 | 0.7 | 0.7 | 20.5% |
Total | 5.6 | 7.2 | 14.5 | 14.5 | 37.3% |
Top Export Markets for Silver Goldsmiths Ware Articles from India in 2022:
- United States (7.8 tons)
- United Arab Emirates (4.5 tons)
- Canada (0.9 tons)
- Singapore (0.8 tons)
- Australia (0.6 tons)
- United Kingdom (0.6 tons)
- Germany (0.5 tons)
- Malaysia (0.3 tons)
Imports of Silver Goldsmiths Ware Articles in India
In 2022, overseas purchases of articles of goldsmiths or silversmiths wares of silver were finally on the rise to reach 2.7 tons after two years of decline. In general, imports, however, saw a abrupt curtailment.
In value terms, silver goldsmiths ware articles imports soared to $2M in 2022. The total import value increased at an average annual rate of +4.3% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Silver Goldsmiths Ware Articles in India (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 793 | 920 | 687 | 622 | -7.8% |
Myanmar | 82.8 | 179 | 168 | 266 | 47.6% |
Thailand | 54.0 | 18.5 | 138 | 258 | 68.4% |
Hong Kong SAR | 55.4 | N/A | N/A | 240 | 63.0% |
China | 146 | 103 | 121 | 220 | 14.6% |
United States | 262 | 220 | 183 | 164 | -14.5% |
Switzerland | 38.4 | 8.5 | 49.3 | 106 | 40.3% |
United Kingdom | 113 | 28.4 | 178 | 10.1 | -55.3% |
Others | 179 | 174 | 42.7 | 71.1 | -26.5% |
Total | 1,724 | 1,652 | 1,567 | 1,957 | 4.3% |
Top Suppliers of Silver Goldsmiths Ware Articles to India in 2022:
- Germany (1111.0 kg)
- Thailand (343.0 kg)
- Myanmar (306.0 kg)
- Hong Kong SAR (305.0 kg)
- China (230.0 kg)
- United States (160.0 kg)
- Switzerland (144.0 kg)
- United Kingdom (11.0 kg)
This report provides an in-depth analysis of the market for silver goldsmiths non-jewelry article in India. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 32121351 - Articles of goldsmiths
Country coverage:
- India
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in India
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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