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

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

The German market for precious metal-clad goldsmiths articles of base metals declined notably to $X in 2022, waning by X% against the previous year. In general, consumption, however, posted measured growth. Consumption of peaked at $X in 2021, and then declined rapidly in the following year.

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

In value terms, production of precious metal-clad goldsmiths articles of base metals skyrocketed to $X in 2022 estimated in export price. Overall, the total production indicated a prominent increase 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. Based on 2022 figures, production increased by X% against 2019 indices. As a result, production reached the peak level and is likely to continue growth in the immediate term.

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Exports of Precious Metal-Clad Goldsmiths Articles of Base Metals

Exports from Germany

In 2022, shipments abroad of precious metal-clad goldsmiths articles of base metals decreased by X% to X tons for the first time since 2016, thus ending a five-year rising trend. Over the period under review, exports, however, enjoyed perceptible growth. The growth pace was the most rapid in 2014 with an increase of X%. The exports peaked at X tons in 2021, and then fell markedly in the following year.

In value terms, exports of precious metal-clad goldsmiths articles of base metals fell dramatically to $X in 2022. In general, exports, however, showed a pronounced expansion. The growth pace was the most rapid in 2014 when exports increased by X%. The exports peaked at $X in 2021, and then declined dramatically in the following year.

Exports by Country

Poland (X tons) was the main destination for exports of precious metal-clad goldsmiths articles of base metals from Germany, accounting for a X% share of total exports. Moreover, exports of precious metal-clad goldsmiths articles of base metals to Poland exceeded the volume sent to the second major destination, Australia (X tons), eightfold. The UK (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Poland totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (X% per year) and the UK (X% per year).

In value terms, Poland ($X) remains the key foreign market for precious metal-clad goldsmiths articles of base metals exports from Germany, comprising X% of total exports. The second position in the ranking was taken by Australia ($X), with a X% share of total exports. It was followed by the UK, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Poland stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (X% per year) and the UK (X% per year).

Export Prices by Country

The average export price for precious metal-clad goldsmiths articles of base metals stood at $X per ton in 2022, rising by X% against the previous year. Overall, the export price, however, recorded a pronounced descent. The pace of growth was the most pronounced in 2014 an increase of X%. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per ton), while the average price for exports to the UK ($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 Australia (X%), while the prices for the other major destinations experienced a decline.

Imports of Precious Metal-Clad Goldsmiths Articles of Base Metals

Imports into Germany

In 2022, overseas purchases of precious metal-clad goldsmiths articles of base metals decreased by X% to X tons for the first time since 2017, thus ending a four-year rising trend. In general, imports, however, posted a temperate expansion. The growth pace was the most rapid in 2020 when imports increased by X%. Imports peaked at X tons in 2021, and then dropped dramatically in the following year.

In value terms, imports of precious metal-clad goldsmiths articles of base metals contracted sharply to $X in 2022. Overall, imports, however, recorded a measured increase. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Over the period under review, imports of reached the peak figure at $X in 2021, and then declined markedly in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest precious metal-clad goldsmiths article of base metals supplier to Germany, accounting for a X% share of total imports. Moreover, imports of precious metal-clad goldsmiths articles of base metals from China exceeded the figures recorded by the second-largest supplier, Switzerland (X tons), twofold. Norway (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (X% per year) and Norway (X% per year).

In value terms, China ($X) constituted the largest supplier of precious metal-clad goldsmiths articles of base metals to Germany, comprising X% of total imports. The second position in the ranking was taken by Switzerland ($X), with a X% share of total imports. It was followed by France, with a X% share.

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

Import Prices by Country

The average import price for precious metal-clad goldsmiths articles of base metals stood at $X per ton in 2022, picking up by X% against the previous year. In general, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the average import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2017 to 2022, the average import prices remained at a lower figure.

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 France ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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