Peru: Market for Silver Goldsmiths Non-Jewelry Articles 2024

Market Size for Silver Goldsmiths Non-Jewelry Articles in Peru

In 2022, the Peruvian silver goldsmiths non-jewelry article market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. In general, the total consumption indicated a remarkable 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, consumption increased by X% against 2016 indices. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Silver Goldsmiths Non-Jewelry Articles in Peru

In value terms, silver goldsmiths non-jewelry article production contracted slightly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a temperate 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. Based on 2022 figures, production increased by X% against 2018 indices. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

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Exports of Silver Goldsmiths Non-Jewelry Articles

Exports from Peru

In 2022, overseas shipments of silver goldsmiths non-jewelry articles were finally on the rise to reach X kg after three years of decline. Overall, exports, however, saw a abrupt contraction. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, silver goldsmiths non-jewelry article exports skyrocketed to $X in 2022. In general, exports, however, continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2016 when exports increased by X%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Ecuador (X kg), Panama (X kg) and the United States (X kg) were the main destinations of silver goldsmiths non-jewelry article exports from Peru, together comprising X% of total exports. Spain and the Dominican Republic lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of X%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for silver goldsmiths non-jewelry article exported from Peru were the United States ($X), Spain ($X) and Panama ($X), together accounting for X% of total exports.

Spain, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average silver goldsmiths non-jewelry article export price amounted to $X per ton, with a decrease of X% against the previous year. Overall, the export price, however, recorded mild growth. The pace of growth was the most pronounced in 2013 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($X,458 per ton), while the average price for exports to Ecuador ($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 Chile (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Silver Goldsmiths Non-Jewelry Articles

Imports into Peru

Silver goldsmiths non-jewelry article imports into Peru declined significantly to X kg in 2022, waning by X% against the previous year. Over the period under review, imports saw a sharp setback. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X kg in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, silver goldsmiths non-jewelry article imports contracted markedly to $X in 2022. In general, imports saw a abrupt decrease. The growth pace was the most rapid in 2021 when imports increased by X%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Thailand (X kg), Italy (X kg) and Hong Kong SAR (X kg) were the main suppliers of silver goldsmiths non-jewelry article imports to Peru, together accounting for X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest silver goldsmiths non-jewelry article suppliers to Peru were Thailand ($X), Hong Kong SAR ($X) and Italy ($X), with a combined X% share of total imports.

Thailand, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average silver goldsmiths non-jewelry article import price amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the import price recorded a significant increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Hong Kong SAR ($X,000 per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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