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

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

In 2022, the Vietnamese market for precious metal-clad goldsmiths articles of base metals increased by X% to $X, rising for the second consecutive year after two years of decline. Overall, consumption recorded a significant increase. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in the near future.

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

In value terms, production of precious metal-clad goldsmiths articles of base metals amounted to less than $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern.

Exports of Precious Metal-Clad Goldsmiths Articles of Base Metals

Exports from Vietnam

In 2022, exports of precious metal-clad goldsmiths articles of base metals from Vietnam surged to X kg, growing by X% compared with the previous year's figure. Overall, exports, however, continue to indicate a precipitous shrinkage. Over the period under review, the exports of reached the maximum 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 surged to $X in 2022. Over the period under review, exports, however, saw a abrupt descent. Over the period under review, the exports of hit record highs at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Taiwan (Chinese) (X kg) was the main destination for exports of precious metal-clad goldsmiths articles of base metals from Vietnam, accounting for a X% share of total exports. Moreover, exports of precious metal-clad goldsmiths articles of base metals to Taiwan (Chinese) exceeded the volume sent to the second major destination, the UK (X kg), ninefold. Denmark (X kg) ranked third in terms of total exports with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Taiwan (Chinese) totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and Denmark (X% per year).

In value terms, the largest markets for precious metal-clad goldsmiths article of base metals exported from Vietnam were Taiwan (Chinese) ($X), the UK ($X) and Denmark ($X), together accounting for X% of total exports. France, the United States and Armenia lagged somewhat behind, together accounting for a further X%.

Armenia, with a CAGR of X%, recorded 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 a decline.

Export Prices by Country

The average export price for precious metal-clad goldsmiths articles of base metals stood at $X per ton in 2021, rising by X% against the previous year. In general, the export price recorded a buoyant increase. The pace of growth was the most pronounced in 2013 an increase of X% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Denmark ($X per ton), while the average price for exports to Armenia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Armenia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Precious Metal-Clad Goldsmiths Articles of Base Metals

Imports into Vietnam

In 2022, purchases abroad of precious metal-clad goldsmiths articles of base metals increased by X% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports showed a prominent increase. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. Over the period under review, imports of attained the maximum 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 totaled $X in 2022. In general, imports, however, recorded a deep contraction. The most prominent rate of growth was recorded in 2014 when imports increased by X%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports of remained at a lower figure.

Imports by Country

In 2021, Spain (X kg) constituted the largest precious metal-clad goldsmiths article of base metals supplier to Vietnam, accounting for a X% share of total imports. Moreover, imports of precious metal-clad goldsmiths articles of base metals from Spain exceeded the figures recorded by the second-largest supplier, France (X kg), threefold. The third position in this ranking was held by Thailand (X kg), with an X% share.

From 2012 to 2021, the average annual growth rate of volume from Spain totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and Thailand (X% per year).

In value terms, the largest precious metal-clad goldsmiths article of base metals suppliers to Vietnam were Singapore ($X), Spain ($X) and Thailand ($X), with a combined X% share of total imports. Italy, France, China and Taiwan (Chinese) lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Taiwan (Chinese), with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for precious metal-clad goldsmiths articles of base metals amounted to $X per ton, reducing by X% against the previous year. Over the period under review, the import price recorded a abrupt decrease. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, 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 Singapore ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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