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

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

After four years of growth, the Serbian market for precious metal-clad goldsmiths articles of base metals decreased by X% to $X in 2022. In general, consumption recorded a deep reduction. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

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

In value terms, production of precious metal-clad goldsmiths articles of base metals fell to $X in 2022 estimated in export price. Overall, production continues to indicate a slight decline. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production of growth remained at a lower figure.

Exports of Precious Metal-Clad Goldsmiths Articles of Base Metals

Exports from Serbia

In 2022, the amount of precious metal-clad goldsmiths articles of base metals exported from Serbia skyrocketed to X tons, jumping by X% against the previous year's figure. Overall, exports recorded a significant expansion. The growth pace was the most rapid in 2013 when exports increased by X%. The exports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, exports of precious metal-clad goldsmiths articles of base metals surged to $X in 2022. In general, exports continue to indicate a buoyant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Switzerland (X tons) was the main destination for exports of precious metal-clad goldsmiths articles of base metals from Serbia, with a X% share of total exports. Moreover, exports of precious metal-clad goldsmiths articles of base metals to Switzerland exceeded the volume sent to the second major destination, Romania (X kg), sixfold.

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

In value terms, Switzerland ($X) remains the key foreign market for precious metal-clad goldsmiths articles of base metals exports from Serbia, comprising X% of total exports. The second position in the ranking was held by Montenegro ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Switzerland amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Montenegro (X% per year) and Romania (X% per year).

Export Prices by Country

In 2022, the average export price for precious metal-clad goldsmiths articles of base metals amounted to $X per ton, reducing by X% against the previous year. In general, the export price saw a mild setback. The pace of growth was the most pronounced in 2020 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2021 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Montenegro ($X per ton), while the average price for exports to Romania ($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 Montenegro (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Precious Metal-Clad Goldsmiths Articles of Base Metals

Imports into Serbia

In 2022, imports of precious metal-clad goldsmiths articles of base metals into Serbia declined notably to X kg, with a decrease of X% against 2021. In general, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by X%. Over the period under review, imports of hit record highs at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, imports of precious metal-clad goldsmiths articles of base metals dropped remarkably to $X in 2022. Over the period under review, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by X%. Over the period under review, imports of reached the peak figure at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X kg) constituted the largest supplier of precious metal-clad goldsmiths article of base metals to Serbia, with 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, Italy (X kg), fourfold. Croatia (X kg) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and Croatia (X% per year).

In value terms, China ($X), Italy ($X) and Germany ($X) constituted the largest precious metal-clad goldsmiths article of base metals suppliers to Serbia, together comprising X% of total imports.

Germany, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for precious metal-clad goldsmiths articles of base metals stood at $X per ton in 2022, surging by X% against the previous year. In general, the import price, however, continues to indicate a slight decrease. The growth pace was the most rapid in 2015 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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