EU: Market for Silver Goldsmiths Non-Jewelry Articles 2024

Market Size for Silver Goldsmiths Non-Jewelry Articles in the EU

After three years of growth, the EU silver goldsmiths non-jewelry article market decreased by X% to $X in 2022. The total consumption indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2021, and then dropped in the following year.

Production of Silver Goldsmiths Non-Jewelry Articles in the EU

In value terms, silver goldsmiths non-jewelry article production reduced to $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. The level of production peaked at $X in 2021, and then dropped in the following year.

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Exports of Silver Goldsmiths Non-Jewelry Articles

Exports in the EU

In 2022, overseas shipments of silver goldsmiths non-jewelry articles increased by X% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports, however, saw a noticeable reduction. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports attained the peak figure at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, silver goldsmiths non-jewelry article exports expanded rapidly to $X in 2022. Overall, exports, however, continue to indicate a pronounced slump. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Italy (X tons) was the largest exporter of silver goldsmiths non-jewelry articles, making up X% of total exports. It was distantly followed by France (X tons), Germany (X tons), Denmark (X tons), Spain (X tons) and Sweden (X tons), together committing a X% share of total exports. Poland (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to silver goldsmiths non-jewelry article exports from Italy stood at X%. At the same time, Sweden (X%), Poland (X%), Denmark (X%) and France (X%) displayed positive paces of growth. Moreover, Sweden emerged as the fastest-growing exporter exported in the European Union, with a CAGR of X% from 2012-2022. By contrast, Germany (X%) and Spain (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of France, Sweden, Denmark, Germany and Poland increased by X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Italy ($X) remains the largest silver goldsmiths non-jewelry article supplier in the European Union, comprising X% of total exports. The second position in the ranking was held by Germany ($X), with a X% share of total exports. It was followed by Sweden, with a X% share.

In Italy, silver goldsmiths non-jewelry article exports remained relatively stable over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (X% per year) and Sweden (X% per year).

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per ton, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2016 when the export price increased by X%. Over the period under review, the export prices attained the maximum at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Sweden ($X,570 per ton), while Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Silver Goldsmiths Non-Jewelry Articles

Imports in the EU

In 2022, overseas purchases of silver goldsmiths non-jewelry articles increased by X% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, silver goldsmiths non-jewelry article imports expanded notably to $X in 2022. In general, imports, however, recorded a pronounced reduction. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Cyprus was the main importing country with an import of about X tons, which amounted to X% of total imports. France (X tons) ranks second in terms of the total imports with a X% share, followed by Spain (X%), Sweden (X%) and Italy (X%). Germany (X tons), Denmark (X tons), Poland (X tons), Romania (X tons), Ireland (X tons), Belgium (X tons) and Portugal (X tons) followed a long way behind the leaders.

Cyprus was also the fastest-growing in terms of the silver goldsmiths non-jewelry articles imports, with a CAGR of X% from 2012 to 2022. At the same time, Belgium (X%), Sweden (X%), Romania (X%), Denmark (X%) and Poland (X%) displayed positive paces of growth. Italy experienced a relatively flat trend pattern. By contrast, France (X%), Portugal (X%), Ireland (X%), Spain (X%) and Germany (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Cyprus, Sweden, Romania and Belgium increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X), Italy ($X) and France ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Poland, Portugal, Romania, Belgium, Denmark, Cyprus, Spain, Sweden and Ireland lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Belgium, with a CAGR of X%, saw the highest rates of growth with regard to 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 European Union amounted to $X per ton, with an increase of X% against the previous year. Overall, the import price, however, showed a perceptible decrease. The pace of growth was the most pronounced in 2014 an increase of X%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Portugal ($X,481 per ton), while Cyprus ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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