Turkey: Market for Silver Goldsmiths Non-Jewelry Articles 2024

Market Size for Silver Goldsmiths Non-Jewelry Articles in Turkey

In 2022, the Turkish silver goldsmiths non-jewelry article market increased by X% to $X, rising for the third consecutive year after four years of decline. Overall, consumption continues to indicate a abrupt slump. Silver goldsmiths non-jewelry article consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Silver Goldsmiths Non-Jewelry Articles in Turkey

In value terms, silver goldsmiths non-jewelry article production reduced to $X in 2022 estimated in export price. Overall, production enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2021, and then declined in the following year.

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Exports of Silver Goldsmiths Non-Jewelry Articles

Exports from Turkey

For the eighth year in a row, Turkey recorded growth in overseas shipments of silver goldsmiths non-jewelry articles, which increased by X% to X tons in 2022. Over the period under review, exports continue to indicate significant growth. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, silver goldsmiths non-jewelry article exports surged to $X in 2022. Overall, exports posted a significant expansion. The pace of growth was the most pronounced in 2019 with an increase of X%. The exports peaked in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Israel (X tons) was the main destination for silver goldsmiths non-jewelry article exports from Turkey, accounting for a X% share of total exports. Moreover, silver goldsmiths non-jewelry article exports to Israel exceeded the volume sent to the second major destination, the United States (X tons), twofold.

From 2012 to 2022, the average annual growth rate of volume to Israel stood at X%.

In value terms, the largest markets for silver goldsmiths non-jewelry article exported from Turkey were Israel ($X) and the United States ($X).

In terms of the main countries of destination, Israel, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

In 2022, the average silver goldsmiths non-jewelry article export price amounted to $X per ton, reducing by X% against the previous year. Over the period under review, the export price showed a abrupt descent. The pace of growth was the most pronounced in 2020 when the average export price increased by X%. Over the period under review, the average export prices reached the peak figure at $X,020 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Israel totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%).

Imports of Silver Goldsmiths Non-Jewelry Articles

Imports into Turkey

In 2022, approx. X tons of silver goldsmiths non-jewelry articles were imported into Turkey; with an increase of X% compared with the previous year. In general, imports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, silver goldsmiths non-jewelry article imports surged to $X in 2022. Over the period under review, imports posted significant growth. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, Israel (X tons) was the main silver goldsmiths non-jewelry article supplier to Turkey, with a X% share of total imports. It was followed by Italy (X kg), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Israel amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and Spain (X% per year).

In value terms, Israel ($X) constituted the largest supplier of silver goldsmiths non-jewelry articles to Turkey, comprising X% of total imports. The second position in the ranking was held by Italy ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Israel stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and Spain (X% per year).

Import Prices by Country

In 2022, the average silver goldsmiths non-jewelry article import price amounted to $X per ton, increasing by X% against the previous year. Overall, the import price continues to indicate a temperate increase. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Israel ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Estonia (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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