China: Market for Silver Goldsmiths Non-Jewelry Articles 2024

Market Size for Silver Goldsmiths Non-Jewelry Articles in China

The Chinese silver goldsmiths non-jewelry article market declined to $X in 2022, which is down by X% against the previous year. Over the period under review, consumption showed a mild decrease. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Production of Silver Goldsmiths Non-Jewelry Articles in China

In value terms, silver goldsmiths non-jewelry article production contracted to $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2021, and then declined slightly in the following year.

Exports of Silver Goldsmiths Non-Jewelry Articles

Exports from China

In 2022, the amount of silver goldsmiths non-jewelry articles exported from China soared to X tons, with an increase of X% compared with the previous year. Overall, exports showed strong growth. The growth pace was the most rapid in 2020 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, silver goldsmiths non-jewelry article exports skyrocketed to $X in 2022. Over the period under review, exports saw resilient growth. The pace of growth was the most pronounced in 2020 when exports increased by X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Hong Kong SAR (X tons) was the main destination for silver goldsmiths non-jewelry article exports from China, accounting for a X% share of total exports. Moreover, silver goldsmiths non-jewelry article exports to Hong Kong SAR exceeded the volume sent to the second major destination, Germany (X tons), threefold. The third position in this ranking was held by New Zealand (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Hong Kong SAR amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and New Zealand (X% per year).

In value terms, Hong Kong SAR ($X) remains the key foreign market for silver goldsmiths non-jewelry articles exports from China, comprising X% of total exports. The second position in the ranking was taken by Germany ($X), with a X% share of total exports. It was followed by New Zealand, with an X% share.

From 2012 to 2022, the average annual growth rate of value to Hong Kong SAR stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and New Zealand (X% per year).

Export Prices by Country

The average silver goldsmiths non-jewelry article export price stood at $X per ton in 2022, shrinking by X% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of X%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X,735 per ton), while the average price for exports to Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Silver Goldsmiths Non-Jewelry Articles

Imports into China

Silver goldsmiths non-jewelry article imports into China skyrocketed to X tons in 2022, jumping by X% on the previous year. Overall, imports showed a strong increase. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, silver goldsmiths non-jewelry article imports soared to $X in 2022. Over the period under review, imports enjoyed a resilient expansion. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in the near future.

Imports by Country

In 2022, Japan (X tons) constituted the largest supplier of silver goldsmiths non-jewelry article to China, with a X% share of total imports. Moreover, silver goldsmiths non-jewelry article imports from Japan exceeded the figures recorded by the second-largest supplier, Italy (X kg), twofold. France (X kg) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Japan stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and France (X% per year).

In value terms, France ($X), Japan ($X) and Italy ($X) appeared to be the largest silver goldsmiths non-jewelry article suppliers to China, together accounting for X% of total imports. Portugal, the United States, Switzerland and the UK lagged somewhat behind, together comprising a further X%.

Switzerland, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average silver goldsmiths non-jewelry article import price amounted to $X per kg, falling by X% against the previous year. Over the period under review, the import price, however, posted a notable increase. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per kg in 2021, and then reduced dramatically in the following year.

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 Portugal ($X per kg), while the price for Switzerland ($X per kg) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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