CIS: Market for Precious Metal-Clad Goldsmiths Articles of Base Metals 2024

Market Size for Precious Metal-Clad Goldsmiths Articles of Base Metals in CIS

The CIS market for precious metal-clad goldsmiths articles of base metals surged to $X in 2022, picking up by X% against the previous year. In general, consumption, however, showed a significant increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Precious Metal-Clad Goldsmiths Articles of Base Metals in CIS

In value terms, production of precious metal-clad goldsmiths articles of base metals totaled $X in 2022 estimated in export price. In general, production, however, saw a significant expansion. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. Over the period under review, production of reached the maximum level in 2022 and is likely to see gradual growth in years to come.

Exports of Precious Metal-Clad Goldsmiths Articles of Base Metals

Exports in CIS

In 2022, overseas shipments of precious metal-clad goldsmiths articles of base metals decreased by X% to X tons, falling for the second consecutive year after two years of growth. In general, exports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2020 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of precious metal-clad goldsmiths articles of base metals contracted significantly to $X in 2022. Over the period under review, exports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2020 with an increase of X%. Over the period under review, the exports of attained the peak figure at $X in 2021, and then contracted significantly in the following year.

Exports by Country

Russia prevails in metals structure, reaching X tons, which was approx. X% of total exports in 2022. Kazakhstan (X kg) took a relatively small share of total exports.

Russia was also the fastest-growing in terms of the precious metal-clad goldsmiths articles of base metals exports, with a CAGR of X% from 2012 to 2022. Kazakhstan (X%) illustrated a downward trend over the same period. While the share of Russia (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) remains the largest precious metal-clad goldsmiths article of base metals supplier in the CIS, comprising X% of total exports. The second position in the ranking was held by Kazakhstan ($X), with a X% share of total exports.

In Russia, exports of precious metal-clad goldsmiths articles of base metals increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in the CIS stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the export price, however, continues to indicate a deep slump. The most prominent rate of growth was recorded in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while Russia stood at $X per ton.

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

Imports of Precious Metal-Clad Goldsmiths Articles of Base Metals

Imports in CIS

After two years of growth, overseas purchases of precious metal-clad goldsmiths articles of base metals decreased by X% to X tons in 2022. Over the period under review, imports recorded a abrupt contraction. The pace of growth was the most pronounced in 2018 when imports increased by X%. The volume of import peaked at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, imports of precious metal-clad goldsmiths articles of base metals fell modestly to $X in 2022. In general, imports saw a abrupt contraction. The growth pace was the most rapid in 2020 when imports increased by X% against the previous year. Over the period under review, imports of attained the peak figure at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Kazakhstan represented the major importer of precious metal-clad goldsmiths articles of base metals in the CIS, with the volume of imports recording X tons, which was near X% of total imports in 2022. It was distantly followed by Azerbaijan (X kg), Armenia (X kg) and Belarus (X kg), together comprising a X% share of total imports. The following importers - Kyrgyzstan (X kg) and Uzbekistan (X kg) - together made up X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Kyrgyzstan (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest precious metal-clad goldsmiths article of base metals importing markets in the CIS were Kazakhstan ($X), Azerbaijan ($X) and Armenia ($X), with a combined X% share of total imports. Kyrgyzstan, Uzbekistan and Belarus lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Kyrgyzstan, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in the CIS amounted to $X per ton, increasing by X% against the previous year. In general, the import price saw a prominent expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Azerbaijan ($X per ton), while Belarus ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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