U.S.: Market for Non-Silver Precious Metal Non-Jewelry Articles 2024

Market Size for Non-Silver Precious Metal Non-Jewelry Articles in the U.S.

In 2022, the U.S. market for non-silver precious metal non-jewelry articles increased by X% to $X, rising for the second consecutive year after three years of decline. In general, the total consumption 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, consumption increased by X% against 2020 indices. Non-silver precious metal non-jewelry article consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Production of Non-Silver Precious Metal Non-Jewelry Articles in the U.S.

In value terms, non-silver precious metal non-jewelry article production contracted to $X in 2022. In general, production, however, continues to indicate a pronounced curtailment. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% against the previous year. Non-silver precious metal non-jewelry article production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

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Exports of Non-Silver Precious Metal Non-Jewelry Articles

Exports from the U.S.

In 2022, overseas shipments of non-silver precious metal non-jewelry articles decreased by X% to X kg for the first time since 2017, thus ending a four-year rising trend. Over the period under review, exports continue to indicate a abrupt decrease. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The exports peaked at X kg in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, non-silver precious metal non-jewelry article exports shrank to $X in 2022. In general, exports faced a abrupt slump. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Hong Kong SAR (X kg), Switzerland (X kg) and Australia (X kg) were the main destinations of non-silver precious metal non-jewelry article exports from the United States, together comprising X% of total exports. Hungary, Canada, India, Turks and Caicos Islands, Barbados, Japan, the UK, China, Jamaica and Italy lagged somewhat behind, together comprising 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 Hungary (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for non-silver precious metal non-jewelry article exported from the United States were Hong Kong SAR ($X), Switzerland ($X) and Canada ($X), with a combined X% share of total exports.

Switzerland, with a CAGR of X%, saw the highest rates of growth with regard to 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

In 2022, the average export price for non-silver precious metal non-jewelry articles amounted to $X per kg, reducing by X% against the previous year. Overall, the export price showed a abrupt curtailment. The pace of growth appeared the most rapid in 2016 an increase of X%. The export price peaked at $X per kg in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Jamaica ($X per kg), while the average price for exports to Hungary ($X per kg) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Non-Silver Precious Metal Non-Jewelry Articles

Imports into the U.S.

In 2022, purchases abroad of non-silver precious metal non-jewelry articles increased by X% to X kg, rising for the third year in a row after two years of decline. In general, imports enjoyed resilient growth. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in years to come.

In value terms, non-silver precious metal non-jewelry article imports soared to $X in 2022. Overall, imports saw a noticeable expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Germany (X kg), China (X kg) and Denmark (X kg) were the main suppliers of non-silver precious metal non-jewelry article imports to the United States, together comprising X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Denmark (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Denmark ($X) constituted the largest supplier of non-silver precious metal non-jewelry articles to the United States, comprising X% of total imports. The second position in the ranking was held by France ($X), with a X% share of total imports. It was followed by Germany, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Denmark amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and Germany (X% per year).

Import Prices by Country

The average import price for non-silver precious metal non-jewelry articles stood at $X per kg in 2022, which is down by X% against the previous year. Over the period under review, the import price continues to indicate a abrupt slump. The pace of growth appeared the most rapid in 2016 an increase of X%. Over the period under review, average import prices hit record highs at $X per kg in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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 Turkey ($X per kg), while the price for Vietnam ($X per kg) was amongst the lowest.

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

Source: IndexBox Platform

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