Latin America and the Caribbean: Market for Silver Goldsmiths Non-Jewelry Articles 2024

Market Size for Silver Goldsmiths Non-Jewelry Articles in Latin America and the Caribbean

The Latin American silver goldsmiths non-jewelry article market surged to $X in 2022, increasing by X% against the previous year. In general, consumption showed buoyant growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Silver Goldsmiths Non-Jewelry Articles in Latin America and the Caribbean

In value terms, silver goldsmiths non-jewelry article production shrank slightly to $X in 2022 estimated in export price. The total production indicated prominent growth 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 2020 indices. The pace of growth was the most pronounced in 2021 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X, and then shrank modestly in the following year.

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Exports of Silver Goldsmiths Non-Jewelry Articles

Exports in Latin America and the Caribbean

In 2022, after two years of decline, there was significant growth in shipments abroad of silver goldsmiths non-jewelry articles, when their volume increased by X% to X tons. Over the period under review, exports, however, saw a abrupt shrinkage. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, silver goldsmiths non-jewelry article exports shrank to $X in 2022. In general, exports, however, recorded a deep setback. The pace of growth appeared the most rapid in 2015 with an increase of X%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Bolivia represented the key exporter of silver goldsmiths non-jewelry articles in Latin America and the Caribbean, with the volume of exports accounting for X tons, which was approx. X% of total exports in 2022. Barbados (X kg) ranks second in terms of the total exports with a X% share, followed by Panama (X%) and Peru (X%). Mexico (X kg) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Barbados (with a CAGR of X%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, the largest silver goldsmiths non-jewelry article supplying countries in Latin America and the Caribbean were Bolivia ($X), Panama ($X) and Mexico ($X), with a combined X% share of total exports.

Among the main exporting countries, Bolivia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per ton, dropping by X% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X%. As a result, the export price attained the peak level of $X per ton, and then reduced notably in the following year.

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

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

Imports of Silver Goldsmiths Non-Jewelry Articles

Imports in Latin America and the Caribbean

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. Overall, imports recorded buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, silver goldsmiths non-jewelry article imports soared to $X in 2022. Over the period under review, imports continue to indicate a strong expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The Dominican Republic dominates imports structure, amounting to X tons, which was approx. X% of total imports in 2022. The following importers - Guatemala (X tons) and El Salvador (X tons) - each accounted for a X% share of total imports.

The Dominican Republic 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, Guatemala (X%) and El Salvador (X%) displayed positive paces of growth. The Dominican Republic (X p.p.) significantly strengthened its position in terms of the total imports, while El Salvador saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Dominican Republic ($X) constitutes the largest market for imported silver goldsmiths non-jewelry articles in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was taken by Guatemala ($X), with a X% share of total imports.

In the Dominican Republic, silver goldsmiths non-jewelry article imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Guatemala (X% per year) and El Salvador (X% per year).

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per ton, increasing by X% against the previous year. Overall, the import price, however, showed a mild reduction. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 the Dominican Republic ($X per ton), while El Salvador ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Guatemala (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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