Silversmiths Ware Market

Silversmiths ware market: get access to the most recent information enhanced by an Ai-driven market intelligence tool. Info provide trade, imports, companies, consumption, market size, exports, market prices, and production. Here is a split by country, including the U.S., Latin America, Africa, the U.K., Russia, China, EU, and the Middle East. Market insights and outlook to 2030 are also featured in the reports.

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Silversmiths Ware - World's Largest Markets

In value terms, the largest silversmiths ware markets worldwide were the United States, China and Italy, with a combined 54% share of the global market.

The United States recorded the highest rates of growth with regard to market size, in terms of the main consuming countries over the period under review, while silversmiths ware market for the other global leaders experienced more modest paces of growth.

Silversmiths Ware Prices

Silversmiths Ware - Top Importers

In value terms, the largest silversmiths ware importing markets worldwide were the United States ($37M), Israel ($32M) and Switzerland ($27M), with a combined 39% share of global imports. Germany, Turkey, Taiwan (Chinese), Italy, France, the United Arab Emirates, the UK, the Netherlands, Belgium and Spain lagged somewhat behind, together comprising a further 25%.

Germany (+121.3% per year) saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Silversmiths Ware - Top Exporters

In value terms, China ($86M) emerged as the largest silversmiths ware supplier worldwide, comprising 35% of global exports. The second position in the ranking was occupied by Italy ($34M), with a 14% share of global exports. It was followed by Turkey, with a 10% share.

In China, silversmiths ware exports increased at an average annual rate of +129.3% over the period from 2019-2021. In the other countries, the average annual rates were as follows: Italy (+15.0% per year) and Turkey (+19.1% per year).

Silversmiths Ware - Market Forecast

Depressed by shrinking demand for silversmiths 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.

Silversmiths Ware - Product Coverage

• HS 711411 - Silversmiths' wares; and parts thereof, of silver, whether or not plated or clad with other precious metal

Source: IndexBox Market Intelligence Platform