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

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

In 2022, the Pakistani market for precious metal-clad goldsmiths articles of base metals decreased by X% to $X, falling for the second year in a row after two years of growth. Over the period under review, consumption, however, saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

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

In value terms, production of precious metal-clad goldsmiths articles of base metals amounted to $X in 2022 estimated in export price. Overall, the total production indicated a modest 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 2020 indices. The pace of growth was the most pronounced in 2013 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2014 to 2022, production of growth remained at a lower figure.

Exports of Precious Metal-Clad Goldsmiths Articles of Base Metals

Exports from Pakistan

In 2022, shipments abroad of precious metal-clad goldsmiths articles of base metals increased by X% to X kg, rising for the second year in a row after two years of decline. In general, exports enjoyed buoyant growth. The pace of growth was the most pronounced in 2018 when exports increased by X%. As a result, the exports reached the peak of X kg. From 2019 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of precious metal-clad goldsmiths articles of base metals skyrocketed to $X in 2022. Overall, exports posted a perceptible increase. The most prominent rate of growth was recorded in 2013 when exports increased by X%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports of failed to regain momentum.

Exports by Country

The United Arab Emirates (X kg) was the main destination for exports of precious metal-clad goldsmiths articles of base metals from Pakistan, with a X% share of total exports. Moreover, exports of precious metal-clad goldsmiths articles of base metals to the United Arab Emirates exceeded the volume sent to the second major destination, Thailand (X kg), more than tenfold. Sweden (X kg) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the United Arab Emirates totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (X% per year) and Sweden (X% per year).

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

From 2012 to 2022, the average annual growth rate of value to the United Arab Emirates stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and Thailand (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, reducing by X% against the previous year. Overall, the export price continues to indicate a deep reduction. The pace of growth appeared the most rapid in 2013 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to the United Arab Emirates ($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 Sweden (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Precious Metal-Clad Goldsmiths Articles of Base Metals

Imports into Pakistan

In 2022, supplies from abroad of precious metal-clad goldsmiths articles of base metals increased by X% to X kg, rising for the third consecutive year after four years of decline. In general, imports, however, recorded a mild decline. The most prominent rate of growth was recorded in 2015 with an increase of X%. As a result, imports attained the peak of X kg. From 2016 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of precious metal-clad goldsmiths articles of base metals surged to $X in 2022. Overall, imports enjoyed a strong expansion. Imports peaked at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the UK (X kg) was the main supplier of precious metal-clad goldsmiths article of base metals to Pakistan, with a approx. X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from the UK amounted to X%.

In value terms, the UK ($X) constituted the largest supplier of precious metal-clad goldsmiths articles of base metals to Pakistan.

From 2012 to 2022, the average annual growth rate of value from the UK amounted to X%.

Import Prices by Country

In 2022, the average import price for precious metal-clad goldsmiths articles of base metals amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the import price saw a resilient expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for the UK.

From 2012 to 2022, the rate of growth in terms of prices for the UK amounted to X% per year.

Source: IndexBox Platform

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