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

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

The Swedish market for precious metal-clad goldsmiths articles of base metals surged to $X in 2022, increasing by X% against the previous year. Over the period under review, consumption continues to indicate a strong increase. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

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

In value terms, production of precious metal-clad goldsmiths articles of base metals declined markedly to $X in 2022 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of X%. Production of peaked at $X in 2021, and then fell remarkably in the following year.

Exports of Precious Metal-Clad Goldsmiths Articles of Base Metals

Exports from Sweden

In 2022, overseas shipments of precious metal-clad goldsmiths articles of base metals increased by X% to X kg, rising for the third year in a row after two years of decline. Over the period under review, exports recorded prominent growth. The pace of growth appeared the most rapid in 2015 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2016 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 fell rapidly to $X in 2022. Overall, exports posted temperate growth. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports of failed to regain momentum.

Exports by Country

Norway (X kg), the United States (X kg) and the UK (X kg) were the main destinations of exports of precious metal-clad goldsmiths articles of base metals from Sweden, with a combined X% share of total exports. Denmark, Switzerland, Finland and Indonesia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Denmark (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for precious metal-clad goldsmiths article of base metals exported from Sweden were Norway ($X), the United States ($X) and the UK ($X), together comprising X% of total exports. Denmark, Finland, Switzerland and Indonesia lagged somewhat behind, together comprising a further X%.

Denmark, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for precious metal-clad goldsmiths articles of base metals stood at $X per ton in 2022, with a decrease of X% against the previous year. Over the period under review, the export price saw a noticeable decline. The most prominent rate of growth was recorded in 2018 an increase of X%. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

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

Imports of Precious Metal-Clad Goldsmiths Articles of Base Metals

Imports into Sweden

In 2022, the amount of precious metal-clad goldsmiths articles of base metals imported into Sweden soared to X tons, picking up by X% against the year before. Overall, imports showed a strong expansion. The pace of growth was the most pronounced in 2015 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. 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 soared to $X in 2022. In general, imports posted a prominent expansion. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports of remained at a lower figure.

Imports by Country

In 2022, Poland (X tons) constituted the largest supplier of precious metal-clad goldsmiths article of base metals to Sweden, accounting for a X% share of total imports. Moreover, imports of precious metal-clad goldsmiths articles of base metals from Poland exceeded the figures recorded by the second-largest supplier, Canada (X kg), sixfold. The third position in this ranking was held by China (X kg), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Poland totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (X% per year) and China (X% per year).

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

From 2012 to 2022, the average annual rate of growth in terms of value from Poland totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (X% per year) and the United States (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, surging by X% against the previous year. In general, the import price posted a modest increase. The most prominent rate of growth was recorded in 2015 when the average import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2016 to 2022, the average import prices remained at a somewhat lower figure.

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

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :