CIS: Market for Non-Silver Precious Metal Non-Jewelry Articles 2024

Market Size for Non-Silver Precious Metal Non-Jewelry Articles in CIS

In 2022, the CIS market for non-silver precious metal non-jewelry articles decreased by X% to $X, falling for the second year in a row after two years of growth. Overall, consumption saw a deep reduction. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Non-Silver Precious Metal Non-Jewelry Articles in CIS

In value terms, non-silver precious metal non-jewelry article production skyrocketed to $X in 2022 estimated in export price. Overall, production enjoyed significant growth. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Exports of Non-Silver Precious Metal Non-Jewelry Articles

Exports in CIS

In 2022, the amount of non-silver precious metal non-jewelry articles exported in the CIS soared to X kg, growing by X% compared with 2021. In general, exports posted a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, non-silver precious metal non-jewelry article exports declined dramatically to $X in 2022. Overall, exports recorded buoyant growth. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Armenia prevails in exports structure, finishing at X kg, which was near X% of total exports in 2022. Belarus (X kg) held a relatively small share of total exports.

Armenia was also the fastest-growing in terms of the non-silver precious metal non-jewelry articles exports, with a CAGR of X% from 2012 to 2022. At the same time, Belarus (X%) displayed positive paces of growth. While the share of Armenia (X p.p.) and Belarus (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Armenia ($X) remains the largest non-silver precious metal non-jewelry article supplier in the CIS, comprising X% of total exports. The second position in the ranking was taken by Belarus ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Armenia totaled X%.

Export Prices by Country

The export price in the CIS stood at $X per kg in 2022, dropping by X% against the previous year. In general, the export price saw a precipitous slump. The pace of growth appeared the most rapid in 2021 an increase of X%. Over the period under review, the export prices hit record highs at $X per kg in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Armenia ($X per kg), while Belarus amounted to $X per kg.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Armenia (X%).

Imports of Non-Silver Precious Metal Non-Jewelry Articles

Imports in CIS

In 2022, approx. X kg of non-silver precious metal non-jewelry articles were imported in the CIS; reducing by X% compared with 2021 figures. Over the period under review, imports continue to indicate a abrupt setback. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, non-silver precious metal non-jewelry article imports soared to $X in 2022. In general, imports, however, posted prominent growth. The pace of growth was the most pronounced in 2021 when imports increased by X%. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

In 2022, Russia (X kg) was the key importer of non-silver precious metal non-jewelry articles, generating X% of total imports. It was distantly followed by Moldova (X kg) and Azerbaijan (X kg), together creating a X% share of total imports. Tajikistan (X kg) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to non-silver precious metal non-jewelry article imports into Russia stood at X%. At the same time, Moldova (X%) and Azerbaijan (X%) displayed positive paces of growth. Moreover, Moldova emerged as the fastest-growing importer imported in the CIS, with a CAGR of X% from 2012-2022. By contrast, Tajikistan (X%) illustrated a downward trend over the same period. While the share of Moldova (X p.p.) and Azerbaijan (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Russia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Tajikistan ($X) constitutes the largest market for imported non-silver precious metal non-jewelry articles in the CIS, comprising X% of total imports. The second position in the ranking was held by Russia ($X), with a X% share of total imports. It was followed by Azerbaijan, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Tajikistan totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Russia (X% per year) and Azerbaijan (X% per year).

Import Prices by Country

The import price in the CIS stood at $X per kg in 2022, growing by X% against the previous year. Over the period under review, the import price continues to indicate a significant expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform

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