U.S.: Market for Precious Metal-Clad Goldsmiths Articles of Base Metals 2024

Market Size for Precious Metal-Clad Goldsmiths Articles of Base Metals in the U.S.

The U.S. market for precious metal-clad goldsmiths articles of base metals declined modestly to $X in 2022, with a decrease of X% against the previous year. In general, consumption showed a pronounced shrinkage. 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 Precious Metal-Clad Goldsmiths Articles of Base Metals in the U.S.

In value terms, production of precious metal-clad goldsmiths articles of base metals expanded slightly to $X in 2022. Overall, production, however, showed a pronounced reduction. The pace of growth appeared the most rapid in 2021 with an increase of X%. Production of peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

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Exports of Precious Metal-Clad Goldsmiths Articles of Base Metals

Exports from the U.S.

In 2022, overseas shipments of precious metal-clad goldsmiths articles of base metals were finally on the rise to reach X tons after two years of decline. Overall, exports, however, recorded a noticeable reduction. The pace of growth was the most pronounced in 2019 when exports increased by X%. Over the period under review, the exports of reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, exports of precious metal-clad goldsmiths articles of base metals soared to $X in 2022. In general, exports, however, saw a deep slump. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Israel (X tons), Belgium (X tons) and Mexico (X tons) were the main destinations of exports of precious metal-clad goldsmiths articles of base metals from the United States, with a combined X% share of total exports. Canada, Poland, the UK, India, Spain, Bahamas, the Netherlands, Thailand, the United Arab Emirates 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 Spain (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Israel ($X), Mexico ($X) and Canada ($X) constituted the largest markets for precious metal-clad goldsmiths article of base metals exported from the United States worldwide, with a combined X% share of total exports. Poland, Belgium, the UK, Spain, India, Bahamas, Thailand, the United Arab Emirates, Italy and the Netherlands lagged somewhat behind, together comprising a further X%.

Spain, 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 precious metal-clad goldsmiths articles of base metals amounted to $X per ton, surging by X% against the previous year. In general, the export price, however, showed a abrupt decrease. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

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 Mexico ($X per ton), while the average price for exports to the Netherlands ($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 Mexico (X%), while the prices for the other major destinations experienced a decline.

Imports of Precious Metal-Clad Goldsmiths Articles of Base Metals

Imports into the U.S.

In 2022, approx. X kg of precious metal-clad goldsmiths articles of base metals were imported into the United States; rising by X% on 2021 figures. In general, imports showed a strong increase. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, imports of reached the peak figure in 2022 and are likely to see steady growth in the immediate term.

In value terms, imports of precious metal-clad goldsmiths articles of base metals skyrocketed to $X in 2022. Over the period under review, total imports indicated a pronounced 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, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Brazil (X kg), France (X kg) and China (X kg) were the main suppliers of imports of precious metal-clad goldsmiths articles of base metals to the United States, together comprising X% of total imports.

From 2019 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest precious metal-clad goldsmiths article of base metals suppliers to the United States were France ($X), Brazil ($X) and China ($X), with a combined X% share of total imports.

China, with a CAGR of X%, saw the highest growth rate of 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 kg in 2022, growing by X% against the previous year. Over the last three years, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2020 an increase of X%. The import price peaked in 2022 and is expected to retain growth in the near future.

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 India ($X per kg), while the price for Brazil ($X per kg) was amongst the lowest.

From 2019 to 2022, the most notable rate of growth in terms of prices was attained by India (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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