Latest Report Update: Jun 29, 2020

World - Articles Of Goldsmiths’ Or Silversmiths’ Wares Of Precious Metals - Market Analysis, Forecast, Size, Trends And Insights
Update: COVID-19 Impact

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Global Precious Metal Ware Market Overview 2020

Precious Metal Ware Market Size

The global precious metal ware market expanded slightly to $X in 2019, with an increase of X% against the previous year. Overall, consumption showed a pronounced decrease. The pace of growth appeared the most rapid in 2017 when the market value increased by X% against the previous year. As a result, consumption reached the peak level of $X. From 2018 to 2019, the growth of the global market remained at a somewhat lower figure.

Precious Metal Ware Production

In value terms, precious metal ware production expanded notably to $X in 2019 estimated in export prices. Over the period under review, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2019, global production growth remained at a lower figure.

Production By Country

The country with the largest volume of precious metal ware production was China (X tonnes), accounting for X% of total volume. Moreover, precious metal ware production in China exceeded the figures recorded by the second-largest producer, Italy (X tonnes), twofold. India (X tonnes) ranked third in terms of total production with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume in China was relatively modest. In the other countries, the average annual rates were as follows: Italy (-X% per year) and India (-X% per year).

Precious Metal Ware Exports

Exports 2007-2018

In 2019, approx. X tonnes of articles of goldsmiths or silversmiths wares of precious metals were exported worldwide; which is down by -X% on 2018. Over the period under review, exports showed a deep setback. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. As a result, exports reached the peak of X tonnes. From 2016 to 2019, the growth of global exports remained at a lower figure.

In value terms, precious metal ware exports shrank to $X in 2019. Overall, total exports indicated a noticeable expansion from 2007 to 2019: its value decreased at an average annual rate of -X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, exports decreased by -X% against 2016 indices. The growth pace was the most rapid in 2010 when exports increased by X% against the previous year. Global exports peaked at $X in 2016; however, from 2017 to 2019, exports remained at a lower figure.

Exports by Country

The UK represented the key exporting country with an export of around X tonnes, which finished at X% of total exports. Thailand (X tonnes) took a X% share (based on tonnes) of total exports, which put it in second place, followed by China (X%), Italy (X%), Kyrgyzstan (X%) and Armenia (X%). The following exporters - Zimbabwe (X tonnes), Taiwan, Chinese (X tonnes), Mexico (X tonnes), South Africa (X tonnes) and Panama (X tonnes) - together made up X% of total exports.

Exports from the UK increased at an average annual rate of +X% from 2007 to 2019. At the same time, Kyrgyzstan (+X%), Armenia (+X%), Zimbabwe (+X%), Mexico (+X%), China (+X%), Taiwan, Chinese (+X%), Panama (+X%), South Africa (+X%) and Thailand (+X%) displayed positive paces of growth. Moreover, Kyrgyzstan emerged as the fastest-growing exporter exported in the world, with a CAGR of +X% from 2007-2019. By contrast, Italy (-X%) illustrated a downward trend over the same period. The UK (+X p.p.), China (+X p.p.), Thailand (+X p.p.), Kyrgyzstan (+X p.p.), Armenia (+X p.p.), Zimbabwe (+X p.p.), Taiwan, Chinese (+X p.p.) and Mexico (+X p.p.) significantly strengthened its position in terms of the global exports, while Italy saw its share reduced by -X% from 2007 to 2019, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest precious metal ware supplier worldwide, comprising X% of global exports. The second position in the ranking was occupied by Italy ($X), with a X% share of global exports. It was followed by the UK, with a X% share.

In China, precious metal ware exports expanded at an average annual rate of +X% over the period from 2007-2019. The remaining exporting countries recorded the following average annual rates of exports growth: Italy (+X% per year) and the UK (+X% per year).

Export Prices by Country

The average precious metal ware export price stood at $X per tonne in 2019, growing by X% against the previous year. Overall, the export price posted a resilient expansion. The pace of growth appeared the most rapid in 2018 an increase of X% year-to-year. Global export price peaked at $X per tonne in 2013; however, from 2014 to 2019, export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2019, the country with the highest price was China ($X per tonne), while Kyrgyzstan ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Italy, while the other global leaders experienced more modest paces of growth.

Precious Metal Ware Imports

Imports 2007-2018

In 2019, supplies from abroad of articles of goldsmiths or silversmiths wares of precious metals was finally on the rise to reach X tonnes for the first time since 2015, thus ending a three-year declining trend. Overall, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. As a result, imports attained the peak of X tonnes. From 2016 to 2019, the growth of global imports failed to regain the momentum.

In value terms, precious metal ware imports soared to $X in 2019. In general, imports, however, continue to indicate a strong expansion. Over the period under review, global imports attained the peak figure at $X in 2011; however, from 2012 to 2019, imports stood at a somewhat lower figure.

Imports by Country

In 2019, the United Arab Emirates (X tonnes), distantly followed by Sudan (X tonnes), New Zealand (X tonnes), France (X tonnes), Spain (X tonnes) and Switzerland (X tonnes) were the major importers of articles of goldsmiths or silversmiths wares of precious metals, together committing X% of total imports. The following importers - China, Hong Kong SAR (X tonnes), the UK (X tonnes) and India (X tonnes) - together made up X% of total imports.

From 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Sudan (+X% per year), while imports for the other global leaders experienced more modest paces of growth.

In value terms, Switzerland ($X) constitutes the largest market for imported articles of goldsmiths or silversmiths wares of precious metals worldwide, comprising X% of global imports. The second position in the ranking was occupied by China, Hong Kong SAR ($X), with a X% share of global imports. It was followed by New Zealand, with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value in Switzerland stood at +X%. The remaining importing countries recorded the following average annual rates of imports growth: China, Hong Kong SAR (+X% per year) and New Zealand (+X% per year).

Import Prices by Country

The average precious metal ware import price stood at $X per tonne in 2019, picking up by X% against the previous year. Over the period under review, the import price saw a prominent expansion. The pace of growth was the most pronounced in 2016 an increase of X% year-to-year. Over the period under review, average import prices hit record highs at $X per tonne in 2011; however, from 2012 to 2019, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2019, the country with the highest price was Switzerland ($X per tonne), while Sudan ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Spain, while the other global leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for articles of goldsmiths’ or silversmiths’ wares of precious metals in the world?
+
China (461 tonnes) remains the largest precious metal ware consuming country worldwide, accounting for 17% of total volume. Moreover, precious metal ware consumption in China exceeded the figures recorded by the second-largest consumer, India (196 tonnes), twofold. Italy (193 tonnes) ranked third in terms of total consumption with a 6.9% share.
What are the largest producers of articles of goldsmiths’ or silversmiths’ wares of precious metals in the world?
+
The country with the largest volume of precious metal ware production was China (466 tonnes), accounting for 21% of total volume. Moreover, precious metal ware production in China exceeded the figures recorded by the second-largest producer, Italy (195 tonnes), twofold. India (186 tonnes) ranked third in terms of total production with a 8.2% share.
What are the leading exporters of articles of goldsmiths’ or silversmiths’ wares of precious metals in the world?
+
In value terms, China ($147M) remains the largest precious metal ware supplier worldwide, comprising 37% of global exports. The second position in the ranking was occupied by Italy ($33M), with a 8.2% share of global exports. It was followed by the UK, with a 3.4% share.
What are the leading importers of articles of goldsmiths’ or silversmiths’ wares of precious metals in the world?
+
In value terms, Switzerland ($1.4B) constitutes the largest market for imported articles of goldsmiths’ or silversmiths’ wares of precious metals worldwide, comprising 83% of global imports. The second position in the ranking was occupied by China, Hong Kong SAR ($72M), with a 4.3% share of global imports. It was followed by New Zealand, with a 1.3% share.
What is the average export price for articles of goldsmiths’ or silversmiths’ wares of precious metals in the world?
+
In 2019, the average precious metal ware export price amounted to $6,540,612 per tonne, growing by 4.3% against the previous year.
What is the average import price for articles of goldsmiths’ or silversmiths’ wares of precious metals in the world?
+
The average precious metal ware import price stood at $2,909,794 per tonne in 2019, with an increase of 167% against the previous year.

Product coverage:
• Prodcom 32121353 - Articles of goldsmiths

This report provides an in-depth analysis of the global precious metal ware market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.



Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in World, split by region and country
• Trade (exports and imports) in World
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2019
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

United States
China
Japan
Germany
United Kingdom
France
Brazil
Italy
Russian Federation
India
Canada
Australia
Republic of Korea
Spain
Mexico
Indonesia
Netherlands
Turkey
Saudi Arabia
Switzerland
Sweden
Nigeria
Poland
Belgium
Argentina
Norway
Austria
Thailand
United Arab Emirates
Colombia
Denmark
South Africa
Malaysia
Israel
Singapore
Egypt
Philippines
Finland
Chile
Ireland
Pakistan
Greece
Portugal
Kazakhstan
Algeria
Czech Republic
Qatar
Peru
Romania
Vietnam
LIST OF TABLES
Table 1:
Key Findings In 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption, By Country, 2015–2019
Table 5:
Production, In Physical Terms, By Country, 2007–2019
Table 6:
Imports, In Physical Terms, By Country, 2007–2019
Table 7:
Imports, In Value Terms, By Country, 2007–2019
Table 8:
Import Prices, By Country Of Destination, 2007–2019
Table 9:
Exports, In Physical Terms, By Country, 2007–2019
Table 10:
Exports, In Value Terms, By Country, 2007–2019
Table 11:
Export Prices, By Country Of Origin, 2007–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Consumption, By Country, 2019
Figure 4:
Market Forecast To 2025
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Exports And Growth
Figure 11:
Export Prices And Growth
Figure 12:
Market Size And Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports And Growth
Figure 15:
Import Prices
Figure 16:
Production, In Physical Terms, 2007–2019
Figure 17:
Production, In Value Terms, 2007–2019
Figure 18:
Production, By Country, 2019
Figure 19:
Production, In Physical Terms, By Country, 2007–2019
Figure 20:
Imports, In Physical Terms, 2007–2019
Figure 21:
Imports, In Value Terms, 2007–2019
Figure 22:
Imports, In Physical Terms, By Country, 2019
Figure 23:
Imports, In Physical Terms, By Country, 2007–2019
Figure 24:
Imports, In Value Terms, By Country, 2007–2019
Figure 25:
Import Prices, By Country, 2007–2019
Figure 26:
Exports, In Physical Terms, 2007–2019
Figure 27:
Exports, In Value Terms, 2007–2019
Figure 28:
Exports, In Physical Terms, By Country, 2019
Figure 29:
Exports, In Physical Terms, By Country, 2007–2019
Figure 30:
Exports, In Value Terms, By Country, 2007–2019
Figure 31:
Export Prices, 2007–2019

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